News out..... I sure hope that the halt wasn't because of this news. Is there more to come..?
Independent Technical Review Confirms the Lisle Zone of the Hat Deposit as an Alkalic Cu-Au Porphyry Deposit with Significantly Elevated Au Grades, Featuring 235m of 1.04 g/t AuEq (0.76 % CuEq) within a Greater Interval of 612m of 0.58 g/t AuEq (0.42Eq) in Drill Hole H034
VANCOUVER, BC / ACCESSWIRE / July 3, 2020 / Doubleview Gold Corp ("Doubleview"), (the "Company") (TSXV: DBG) announces recent developments with respect to estimations of metal values at its Hat Gold-Copper Project in northwestern British Columbia. The Company has reviewed all drill hole data, including that from holes completed in 2019, and in recognition of recent significant increases in the market price of gold, the company presents both gold equivalent (AuEq) and copper equivalent (CuEq) grade estimates. The Company has not undertaken metallurgical processing tests and has no information concerning possible recoveries that may result from mining operations. Porphyry type mines typically have recoveries of 85 to 90%.
Micon International Limited, mineral industry consultants, following an independent review of the Hat Project, confirms Doubleview's identification of the Lisle Zone as an alkalic copper-gold porphyry deposit with significantly elevated gold values. Copper and gold comprise approximately 85% of the total value of the deposit, with copper accounting for 45 to 52% of the value, and gold accounting for 32 to 41%. Although cobalt could contribute 13 to 15% to the value, it is not included in the following metal equivalent estimates due to unresolved issues about its recovery and payability. Similarly silver and palladium are not included.
The Company notes that the Lisle Zone, of the Hat deposit, is not fully delineated in any direction but present drilled dimensions are approximately 920 metres north-south, 650 metres east-west and about 620 metres vertical. As previously announced and detailed below, the most recent hole, H034, that was directed to a high resolution 3D induced polarization and magnetic anomalous area in the southwest of the Zone, intersected 689 metres of strong disseminated sulphide mineralization. This is the strongest mineralization drilled on the property and presents a very compelling target for expansion that will be further explored when drilling resumes.
Mr. Farshad Shirvani, President and CEO, observes that "The strong results obtained from holes H031 and H034 demonstrate the ability of 3D IP and magnetic geophysical surveys to identify areas of high potential within a porphyry environment. Several large targets with coincident geological, geophysical and geochemical anomalies that are close to and may be extensions of the Lisle Zone have yet to be drill-tested. Doubleview has refined its geophysical and geological models and is planning its 2020 exploration program that will be announced once finalized. The 2020 exploration generally is targeting the deposit at greater depths, east and north of the Lisle deposit. Doubleview is working to open the Hat exploration Camp in middle of July."