Results for DBV must have come back either over the weekend or Monday. These results are only for H035, this looks and reads like a rushed Press Release as there is no real comparative information to indiccate what the other 2 deep holes are going to be like. It says assays are being received (no real idea of exactly what this means) except to indicate there is more to come so stand by. Will the other 2 cores be enough to move the overall project along before we get back into a long and protraced spring drill program. At least the sellers are light this morning, let's see what the week brings. Good Luck
DRILL HOLE H035 EXTENDS LISLE DEPOSIT: INTERSECTED 1.00 G/T GOLD EQ (0.73% COPPER EQ) OVER 97.9M
Doubleview Gold Corp. has released assay results from the Lisle deposit at the Hat project located in the Golden Triangle, northwestern British Columbia. Diamond drill hole H035 is one of three deep holes drilled late in the 2020 field season. As detailed in the table below, H035 intersected mineralization from near surface to final depth of 495 metres, including 97.9m with 1.00 g/t Au Eq (0.73% Cu Eq), within a longer 222.2m intersection with 0.57 g/t Au Eq (0.41% Cu Eq). Cobalt, Palladium and Silver are present in small but possibly important amounts. H035 was stopped at 495 m in a zone of weakness that caused the hole to be abandoned. As illustrated in the accompanying drawing, the Lisle zone was extended approximately 125m eastward.
Summary
- H035 intersected 97.9 metres ("m") of 1.00 g/t Au Eq (0.73% Cu Eq) in a broader, 222.2 m, zone of porphyry-style mineralization that averaged 0.57 g/t Au Eq (0.41% Cu Eq).
- H035 intersected several sections with elevated Cobalt and Palladium values. Highest Cobalt values are 437 ppm over 1.00m; highest Palladium, 0.53 g/t over 3.0 m. Cobalt and Palladium are not included in Au Eq and Cu Eq calculations.
- Cobalt is present in all Lisle Zone drill holes in small but possibly important amounts. The Company has engaged a consulting metallurgist to advise of the significance of Cobalt and will now evaluate Palladium and Silver. Several sections with elevated Palladium values were found in H035, especially below 363 m depth.
- H035 is mineralized from near surface to final depth of 495 m and extends the Lisle deposit approximately 125m easterly but does not limit any dimension of the Lisle deposit. Hole H035 was abandoned at 495 m, depth, short of its intended depth of 1000m.
Doubleview President and CEO Farshad Shirvani commented, "Drill hole H035 extends the Lisle Zone a further 125 metres easterly and is very important to the company as it supports the size and grade of our conceptual Deposit Model outlined by the 3D IP Chargeability Model. That model is in part based on geophysical survey data that can only be confirmed by drilling. In addition, H035 assay data show the presence of Cobalt and Palladium values that if confirmed by further drilling may add significantly to the Hat Copper-Gold evaluation. We are currently receiving assay data from the remainder of the 2020 drill program and I am very excited to see results as we anticipate a possible significant expansion of the size and grade proof of this important porphyry-type deposit in British Columbia's prolific Golden Triangle district. We will resume drilling when the 2021 field season begins."
Detailed Analytical Data:
The following table tabulates selected assay results of the drill hole H035.
DDH From(m)To(m)Length(m)Au(g/t)Cu(%)CuEq(%)AuEq(g/t)Ag (g/t)***Co (g/t)***Pd (g/t)*** H0359 495 486.0 0.12 0.16 0.24 0.33 0.4 5.86 0.029 H03597.3 490.2392.9 0.14 0.18 0.29 0.40 0.41 6.14 0.033 H03599.3 102.02.7 1.08 0.35 1.13 1.55 2.43 23.25 0.011 H035101.1 377.0275.9 0.18 0.22 0.35 0.48 0.50 7.12 0.021 H035101.1 390.0288.9 0.17 0.22 0.35 0.47 0.49 6.96 0.022 H035164.8 387.0222.2 0.19 0.27 0.41 0.57 0.57 6.86 0.024 H035164.8 495.0330.2 0.15 0.21 0.32 0.44 0.44 5.81 0.038 H035234.2 495.0260.8 0.13 0.25 0.35 0.48 0.51 5.88 0.044 H035260.0 377.0117.0 0.22 0.45 0.61 0.84 0.83 8.21 0.033 H035292.1 322.029.9 0.24 0.44 0.62 0.85 0.88 9.02 0.015 H035292.1 390.097.9 0.26 0.54 0.73 1.00 0.96 8.14 0.040 H035322.0 354.032.0 0.36 0.80 1.06 1.46 1.26 9.58 0.027
* No metallurgical recovery tests have been conducted: Gold (AuEq} and Copper (CuEq) are reported at 100% recovery and were directly calculated from the copper and gold assays.
** AuEq and CuEq are calculated on the basis of long-term metal prices: Au US$1300/oz, Cu US$2.60/lb
CuEq (%) = ([(%Cu) x (22.0462) x ($2.6) + (g/t/Au) x (1/31.1035) x ($1300)]) ÷ ((22.0462) x ($2.60))).
AuEq (g/t) = ([(%Cu) x (22.0462) x ($2.6) + (g/t/Au) x (1/31.1035) x ($1300)])/($1300 x1/31.1035)
*** Calculation of AuEq and CuEq does not include Cobalt and Palladium.
Quality Assurance and Quality Control
Core samples were prepared at the Vancouver facility of Bureau Veritas Mineral using their PUL85, FA350, MA200, and LF200 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Boyd Crusher or Riffle splitter to yield a 500g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 30g fire-assay fusion/ICP-ES finish, using FA350 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 45 elements. Over limit Cu is analyzed by Four Acid digestion/ICPES finish using ICP-240/ICF-6xx assay package. All Doubleview core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.
Qualified Persons:
Erik Ostensoe, P. Geo., a consulting geologist and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder of the company.
Cautionary Note: No mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.
About Doubleview Gold Corp
Doubleview Gold Corp, a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange [TSX-V:DBG], [OTCBB: DBLVF], [GER: A1W038], [Frankfurt: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview 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. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.