Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) announced that it has entered into an agreement with ABH Engineering Inc to conduct two sensor-based ore sorting assessments of its HAT polymetallic deposit in British Columbia.
The objective of the assessments is to lower the cutoff grade in the company's recently-commissioned maiden resource estimate, which Doubleview CEO Farshad Shirvani said would have significant implications for the HAT Deposit.
"Lowering the cutoff grade in a resource estimate could significantly increase the quality of the HAT Deposit,” Shirvani said in a statement. “Utilizing ore sorting technology could result in an increased Net Present Value (NPV) and Internal Rate of Return (IRR) if the deposit potentially advances to the pre-feasibility stage and beyond."
READ: Doubleview Gold commissions maiden resource estimate for its HAT deposit in British Columbia
The first assessment will test the economic potential of sensor-based particle sorting with the goal of increasing a future mill grade, and the second assessment will look at the potential of using bulk sorting technologies to provide moderate increases to future mill grades at low cost.
Leading the assessments will be ABH project manager Brent Hilscher, who has completed more than 60 ore sorting studies and has led design and construction projects for multiple major companies in the mining industry, the company said.
"Based on current mineralogy, utilizing both ore sorting methods could have a significant benefit to the HAT Deposit's NPV and IRR,” Hilscher said.
The HAT Deposit is entering its next phase of development as Doubleview is developing a polymetallic resource containing strategic metals, which the company argues is a necessary step in advancing Canada's energy security.
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 Andrew Kessel at andrew.kessel@proactiveinvestors.com
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