Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) told investors that its ongoing 2024 drilling program at the Hat polymetallic mineral deposit in British Columbia has surpassed 7,500 meters.
First assay results are expected in the “very near future,” the company said.
The ongoing drilling aims to expand the mineral resource, fill gaps in areas with limited drill data, and extend the boundaries of the existing resource, which remains open in all directions and at depth.
The 2024 drill targets are based on a recently completed Mineral Resource Estimate (MRE), designed to increase the mineral resource and improve the confidence level of the resource categories.
Initial visual results from the drilling have confirmed the projections of the block model.
The Hat deposit is noted for containing critical minerals such as copper, cobalt, and potentially scandium.
Farshad Shirvani, the company’s president and CEO, highlighted the consistent growth of the Hat deposit, which now covers an area of approximately 1.5 km by 1.38 km.
“Our technical and management team has excelled in this endeavor,” the CEO said.
“Furthermore, we've discovered numerous additional elements within the Hat deposit that may become significant and enhance the resource: the Hat deposit may be unique among British Columbia's many.”