Doubleview Gold (TSXV:DBG) has announced the resumption of drilling at its Hat Project in Northern British Columbia. The drilling had previously paused due to a short worker relief stoppage. This project builds upon an extensive database of technical and statistical models, culminating in the company’s first Mineral Resource Estimate (MRE – V1), announced last week.
Mr. Farshad Shirvani, president & CEO of the Company, commented in a press release: “We shifted our focus from building an initial resource at the polymetallic Hat deposit to expanding the same. Several opportunities to improve the maiden resource were identified which we want to realize promptly during this year’s field season, including very targeted drilling.”
Micon International Limited authored the MRE, meeting criteria for potentially economic extraction. The estimate detailed an indicated resource of 150 million tonnes (Mt) and an inferred resource of 477 Mt at a 0.2% copper equivalent (CuEq) cut-off grade. This translates to an indicated resource of 1.353 billion pounds (Blb) of CuEq at 0.408% CuEq, including 733 million pounds (Mlb) of copper, 28 Mlb of cobalt, 929 thousand ounces of gold, and 2 million ounces of silver. The inferred resource comprises 3.619 Blb of CuEq at 0.344% CuEq cut-off grade, including 1.945 Blb of copper, 91 Mlb of cobalt, 2.328 million ounces of gold, and 7.575 million ounces of silver. Additionally, the scandium potential for the Hat Deposit is estimated between 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.
The 2024 drilling program has specific objectives: improving grade and exploring mineralization trends, conducting in-fill drilling to better define the mineral deposit’s envelope, targeting shallower mineralization areas to enhance grade and tonnage, and enriching the database for future exploration and resource estimates. The parameters of the MRE-V1 have guided this exploration, focusing initially on the central Lisle Zone to define mineralization and confirm its westerly extension. Drill holes H072 to H075 played a key role, and hole H076 is expected to yield similar results. The company has sent core samples from H072 to H075 for analysis, with assay data anticipated soon.
Quality assurance and control measures ensure core samples are processed to high standards. ALS Canada Ltd. in North Vancouver prepares the samples, using specific procedures to ensure accuracy. Each sample is dried, crushed, and homogenized before being pulverized. They are then analyzed for a range of elements using various assays, ensuring comprehensive data.
Highlights from the results are as follows:
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I’ve contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.
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