Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) has revealed the latest drill results from the Hat property that have significantly expanded the dimensions of the deposit, particularly in copper and gold values.
Results from the final five drill holes of its 2023 campaign include an intersection of 6.94% copper and 8.29 g/t gold (11.27% Cu Eq[-Sc]) over a span of 4 meters.
These holes, notably H067 and H068 in the South Lisle Zone and H069 and H070 in the main Lisle Zone, yielded substantial copper and gold values, expanding the deposit's dimensions.
Shares of Doubleview gained nearly 5.9% in midafternoon trading in Toronto.
CEO Farshad Shirvani highlighted the program's success in extending the Lisle deposit and revealing a new gold-silver-cobalt-rich area.
"The 2023 program of drilling comprised almost 11,000 metres of drilling that explored and extended the Lisle deposit to west, south and southwest, enabled new interpretation of the deposit orientation and model, and revealed a new gold-silver-cobalt-rich area,” Shirvani said in a statement.
“Several previously unconnected mineral zones were joined and over-all dimensions were increased,” Shirvani noted.
The data will be used towards a maiden resource estimate for Hat.
The Hat porphyry project, situated in British Columbia's renowned Golden Triangle, boasts critical metals such as cobalt and scandium, crucial for various industries. Scandium's critical status underscores its importance, with Hat's potential to contribute significantly to North America's scandium resources.
Vancouver-based Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia.