Doubleview Gold updates on maiden resource estimate at Hat project in British Columbia
Doubleview CEO and president Farshad Shirvani said the maiden resource estimate is anticipated to be a major development for the Hat deposit
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CVE:DBG
Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange [TSX-V: DBG], [OTCQB: DBLVF], [GER: A1W038], [Frankfurt: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.
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Doubleview CEO and president Farshad Shirvani said the maiden resource estimate is anticipated to be a major development for the Hat deposit
Positive scandium extraction test results sparked shares of a mineral resource exploration and development firm Tuesday, plus other big percentage movers on news from the small and microcap space
The results are an important breakthrough as preliminary tests on flotation tailings in sulphate media at elevated temperatures demonstrated that 89% of the scandium could be extracted into solution
The objective of the assessments is to lower the cutoff grade in the company's recently-commissioned maiden resource estimate
“Metallurgical testing of scandium continues and if it is deemed to be economically recoverable, it could substantially increase the economic potential of the Hat deposit as it would be included with gold, copper and cobalt metals in a futu
"The company is extremely encouraged with the latest phase of metallurgical work. The potential impact of being able to include economically recoverable scandium to the Hat Deposit is significant," said Doubleview CEO Farshad Shirvani
Of the total, $969,991.20 was raised from the same of flow-through (FT) units and $2,098,250 from the sale of non-flow-through (NFT) units
Combined with the previous two tranches as announced on June 21 and July 05, 2022, the company has raised a total of $3,068,241.20 - $969,991.20 from Flow Through (FT) units and $2,098,250 from Non-flow Through (NFT) units
Doubleview Gold Corp CEO Farshad Shirvani put some real elbow grease into the acquisition of Hat, a copper porphyry project in northern British Columbia
Combined with the first tranche as announced on June 21, 2022, the company has raised a total of $2,527,241.20
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The proceeds of the financing will be used for exploration work on the company's projects, particularly for the Hat project and general administration
The company said it will work with Obsidian Camps and Logistics Services Inc, a registered Tahltan business that will provide equipment, expediting, logistics services and additional supplies as needed
The company said that metallurgical analysis is underway for different metals that could have a “significant material impact” on how Doubleview’s copper and gold equivalents are reported
Proactive's mining analyst, Dr Ryan Long, catches up with the CEO of Doubleview Capital, Farshad Shirvani, to take a look at the latest developments at the company’s Hat project, where results from the latest assay are keenly awaited