2018 Drilling Program:
Diamond drilling at the Hat Project will focus initially on the property’s Lisle and Hoey areas, exploring the continuity of gold-copper-cobalt-silver mineralization in the 2-kilometre distance between the areas. In particular, drilling site will be positioned south of Doubleview’s drill hole H-22 that intersected 418.28 metres of 0.50% CuEq mineralization including 110 meters of 1.01% CuEq mineralization (1). The mineralization in hole H-22 lies at the same elevation as mineral showings at the Hoey Gold prospect which is also going to be explored by diamond drilling.
The Hoey area has been sampled at surface where metal values as high as 7.05% copper, 8.11 g/tonne gold, and 0.54% Cobalt were reported from chip and channel samples. Geochemical soil samples from the area are strongly anomalous in precious metals, copper and other elements that accompany alkalic porphyry-type mineralization.
The section diagram below demonstrates the updated mineralization models and proposed initial drill locations south of the Lisle area and Hoey Gold prospect.
(1) News Release dated: January 23, 2018; CuEq figures employ the following metal prices: Gold: $1300/oz, Copper: $3.0/lb, Silver: $17/oz, and Cobalt: $35/lb. CuEq. calculations are presented in US dollars.