Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) has announced assay results from drill holes H049, H052, and H053 at its Hat copper-gold project in British Columbia, which showed more than 500 meters (m) of "strong" copper and gold mineralization that included a 211.2m interval of 0.35 grams per tonne (g/t) gold and 0.37% copper, or 1.33% copper equivalent.
The mineral resource exploration and development company said the first pair of drill holes, H052 and H053, connect the newly discovered Buck zone with the Lisle zone, which until now had been viewed as two separate areas.
"It's anticipated that this will add significantly to the size and value of the Hat deposit," Doubleview Gold CEO Farshad Shirvani said in a statement.
"The 2023 drill campaign has exceeded all expectations," he added.
Shirvani also noted that while work is continuing to prepare the resource estimation data package, the company is steadily advancing its drill hole coverage southward to the nearly unexplored Hoey zone, where earlier surface work including hand trenching, showed strong copper, cobalt and gold mineralization.
As well, Doubleview stated that there is an apparent increase in strength of all metals with increased depth, and the cobalt assay results for drill hole H053 are among the highest ever reported for the Lisle Zone.
The company added that the drill hole locations were carefully selected to gradually increase the Lisle deposit volume for the upcoming resource estimation, which is expected to be released during the first quarter of 2024.
Doubleview noted the 2023 drilling campaign continues to advance the Hat project, having drilled more than 8,000m this season.
Doubleview Gold is a mineral resource exploration and development company that identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia.
The company 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.
Contact Sean at sean@proactiveinvestors.com