Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) unveiled its maiden mineral resource estimate (MRE) for its polymetallic Hat porphyry project in northwestern British Columbia.
The MRE includes an indicated resource estimate of 150 million tonnes (Mt) at a grade of 0.408% copper equivalent (CuEq) and an inferred resource estimate of 477 Mt at a grade of 0.344% CuEq.
At a 0.2% CuEq cut-off grade, the indicated resource amounts to 1.353 billion pounds (Blb) of CuEq, which comprises 733 million pounds (Mlb) of copper, 28 Mlb of cobalt, 929 thousand ounces of gold, and 2 million ounces of silver.
The inferred resource estimate totals 3.619 Blb of CuEq, including 1.945 Blb of copper, 91 Mlb of cobalt, 2.328 million ounces of gold, and 7.575 million ounces of silver.
In addition to the copper, gold, and cobalt resources, the Hat project shows significant potential for scandium, with an estimated 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3. This potential is confined to the resource blocks meeting the 0.2% CuEq cut-off grade within the open pit shell defining the MRE's extent.
"Year by year, the size of the deposit was increased by very targeted drilling, bringing it to a footprint of about 1.5km x 1.38km,” CEO Farshad Shirvani told investors in a statement.
“I appreciate my technical and management team in this endeavor. We've discovered numerous additional elements within the Hat deposit that will soon be unveiled, each further showcasing the deposit's uniqueness and enhancing the resource."
The Hat Claims property encompasses 10 mineral tenures covering 5,200 hectares, located north of the Golden Bear mine road in northwest British Columbia.