Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) announced that its 2024 drilling campaign at the Hat copper-gold-cobalt project in British Columbia has surpassed 5,300 meters across eight drill holes.
This season’s drill campaign is focused on the Lisle Zone, where an initial Mineral Resource Estimate (MRE-V1) has indicated a resource of 150 million tonnes (Mt) and an inferred resource of 477 Mt at 0.2% copper equivalent cut-off grade as well as a scandium potential of an estimated 300 to 500 Mt at an average grade of 40 parts per million.
The current drill campaign aims to boost data density for an upcoming MRE-V2.
Drilling has repeatedly encountered high-grade sulphide and magnetite mineralization, the company noted.
Core samples are being prepared at the Hat camp to be transported to an independent ISO-certified laboratory for assaying, with results to follow.
"We are encouraged by the strength of the sulphide mineralization that confirms our geologic and mineralization model,” Doubleview Gold CEO Farshad Shirvani said in a statement.
“As always, observations provide further clues to help us understand the genesis and formation of the Hat deposit."
Since the Hat deposit was discovered in 2014, 79 drill holes totalling nearly 37,000 meters have been carried out, Doubleview Gold highlighted.