Doubleview Gold Corp (“Doubleview”, the “Company”) (TSXV:DBG) (OTC:DBLVF) (FRANKFURT:1D4) is pleased to announce excellent results from its initial metallurgical tests on materials from its 100% owned Hat Copper-Gold-Cobalt deposit, located in the Golden Triangle region of Atlin Mining District in Northwest British Columbia. The initial metallurgical extraction studies were designed to evaluate the characteristics of mineralization and the potential recoverability of component metals. In particular, attention was directed to Cobalt, an increasingly valuable and sought-after commodity that only in recent years has become a potentially important economic contributor to Hat resources.
For testing purposes, a composite sample, compiled from selected drill core analytical sample pulps, was processed by crushing and grinding and then divided into two sub-samples: “Gravity” and “Composite”. “Composite” went directly to flotation, “Gravity” was gravity separated to remove free gold and the samples were each subjected to the same flotation sequence to produce a high gold-copper concentrate with low cobalt and a pyrite concentrate with high cobalt. Recoveries (Preliminary and Unoptimized) are shown in the accompanying table:
HAT Flotation Results – Indicated grades and Recoveries
OP model Category CuEqcut-off grade Cumulative Tonnage Weighted Average Value Cumulative Material Content CuEq Cu Co Au Ag CuEq Cu Co Au Ag % Million Tonnes % % % g/t g/t million lb million lb million lb thousand oz thousand oz In Pit Indicated 0.1 217.17 0.33 0.172 0.008 0.16 0.37 1576 824 38 1086 2591 0.12 205.60 0.34 0.180 0.008 0.16 0.38 1547 814 36 1067 2515 0.14 192.39 0.36 0.188 0.008 0.17 0.39 1509 799 34 1040 2417 0.16 178.31 0.37 0.198 0.008 0.18 0.40 1463 780 32 1008 2300 0.18 164.32 0.39 0.209 0.008 0.18 0.41 1410 758 30 971 2179 0.2 150.49 0.41 0.221 0.008 0.19 0.42 1353 733 28 929 2045 0.3 92.83 0.51 0.285 0.009 0.24 0.48 1039 584 18 707 1421 0.4 55.91 0.61 0.354 0.009 0.28 0.53 758 437 12 510 960 0.5 34.27 0.72 0.425 0.010 0.33 0.59 545 321 8 361 651 0.6 21.16 0.83 0.498 0.011 0.37 0.65 387 232 5 253 441 0.8 8.14 1.06 0.659 0.012 0.46 0.79 191 118 2 119 208 Inferred 0.1 903.19 0.25 0.129 0.008 0.11 0.42 5008 2559 153 3194 12312 0.12 812.65 0.27 0.138 0.008 0.12 0.44 4789 2471 141 3060 11493 0.14 722.77 0.28 0.148 0.008 0.12 0.45 4531 2364 129 2899 10571 0.16 634.85 0.30 0.160 0.008 0.13 0.47 4240 2236 116 2716 9570 0.18 550.39 0.32 0.172 0.008 0.14 0.48 3924 2091 103 2517 8536 0.2 477.38 0.34 0.185 0.009 0.15 0.49 3619 1945 91 2328 7575 0.3 223.56 0.46 0.254 0.010 0.21 0.52 2252 1251 47 1477 3762 0.4 111.17 0.57 0.323 0.010 0.26 0.52 1403 792 25 940 1872 0.5 59.97 0.68 0.389 0.011 0.32 0.52 902 514 15 612 1011 0.6 33.98 0.79 0.452 0.012 0.37 0.53 590 339 9 404 582 0.8 11.16 1.01 0.584 0.013 0.48 0.56 247 144 3 172 202
The initial flotation tests demonstrate that it is possible to produce a high gold, low cobalt-copper concentrate and a high cobalt, low gold pyrite concentrate. Further optimization work will aim to improve selectivity, grades and recoveries.
Additional mineral samples have been submitted for QEMSCAN (“Quantitative Evaluation of Minerals by Scanning Electron Microscopy”) to better understand the mineralization of Hat polymetallic deposit and the nature of flotation tails losses, these results will be announced in due course.
Metallurgical investigations have been conducted by Sepro Mineral Systems, Sepro Laboratories Inc. of Langley, B. C., under the supervision and guidance of EUR ING Andrew Carter, B.Sc. CEng. MIMMM, MSAIMM, SME, Technical Director of Coffey, a Tetra Tech Company. Tetra Tech provides metallurgical consulting and development services to the resources sector and the extractive mineral and metallurgical industries.
Mr. Farshad Shirvani, President and CEO of Doubleview Gold Corp., states that “I am pleased with the exceptional initial metallurgical results from the Hat Polymetallic Deposit recovery test work. The newly received data is especially timely as copper, gold and cobalt prices are close to all-time high levels. Market demand for these and other metals, including nickel, palladium and scandium, critical to the rapidly expanding and evolving alternative energy and automotive industries, appears to have almost unlimited upside as worldwide decarbonization efforts gain momentum. The Hat deposit has such potential to contribute to Canada’s future as it is poised, and is morphing into, what I believe a Saudi Arabia of strategic metals.”
On March 11, 2021, Canada unveiled its Critical Minerals List that can be viewed by following the link below. The list includes 31 minerals considered integral to the Canadian economy.
https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/critical-minerals/23414
Qualified Persons:
EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME of Coffey, Tetra Tech is Doubleview’s Qualified Person with respect to the Hat Project Metallurgical Studies as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical contents of this news release. He is independent of Doubleview.
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.
On behalf of the Board of Directors,
Farshad Shirvani, M.Sc. Geology
President and CEO
For further information please contact:
Doubleview Gold Corp
Vancouver, BC, V6C 1V5
corporate@doubleview.ca
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview’s control. Such factors include, among other things: risks and uncertainties relating to Doubleview’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.
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