Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) announced that it has hired ABH Engineering Inc (ABH) to initially complete an internal and independent resource estimate that will ultimately lead to a NI 43-101 Technical Report, detailing a maiden resource estimate for the company's HAT polymetallic deposit in British Columbia.
The precious metals and base metals project developer said the objective is to reveal an NI 43-101 compliant, copper and gold equivalent polymetallic resource exceeding 350 million tonnes (Mt), as a minimum criterion for the development of the HAT deposit.
“Metallurgical testing of scandium continues and if it is deemed to be economically recoverable, it could substantially increase the economic potential of the Hat deposit as it would be included with gold, copper and cobalt metals in a future updated resource estimate,” Doubleview Gold CEO Farshad Shirvani said in a statement.
READ: Doubleview completes detailed mineralogical study of scandium distribution of head and metallurgical samples of Hat deposit
“A maiden resource estimate will only assess the current drilled volume but will not include the potential areas that are anticipated to be explored by subsequent drilling programs,” Shirvani added.
Doubleview noted that if the internal resource estimate reaches or exceeds 350 Mt, it will allow the company to aggressively focus the remainder of its 2022 drilling program towards exploration.
It added that if the internal resource estimate falls below the minimum threshold of 350 Mt, however, Doubleview will focus the remainder its 2022 drilling activities explicitly towards expanding the resource to reach the company's internal 350 Mt threshold.
Doubleview Gold 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