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Doubleview Gold's independent technical review confirms Lisle Zone, at Hat Deposit, is an alkalic copper-gold porphyry deposit with significantly elevated gold grades

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The Hat Gold-Copper Project, located in the golden triangle in northwestern British Columbia, comprises 6,308 hectares and is 95 kilometers southwest of Dease Lake and 190 kilometers south of Atlin.

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Company: Doubleview Gold
Website: http://www.doubleview.ca
Stock Symbol: TSXV: DBV
Date Published: Jul 6, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for InvestmentPitch.com

Doubleview Gold’s Lisle Zone of its Hat Deposit has been confirmed as an alkalic copper-gold porphyry deposit with significantly elevated gold grades in an independent technical review by Micon International Limited.

The Hat Gold-Copper Project, located in the golden triangle in northwestern British Columbia, comprises 6,308 hectares and is 95 kilometers southwest of Dease Lake and 190 kilometers south of Atlin.

The recently completed Northwest Transmission Line brings electric power to within 120 kilometers.

The report states that 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 has not undertaken metallurgical processing tests and has no information concerning possible recoveries that may result from mining operations, although porphyry type mines typically have recoveries of 85 to 90%.

Highlights from Hole H034 include 235 meters of 1.04 grams per tonne gold equivalent within a greater interval of 612 meters of 0.58 grams per tonne gold equivalent.

The company notes that the Lisle Zone is not fully delineated in any direction but present drilled dimensions are approximately 920 meters north-south, 650 meters east-west and about 620 meters vertical.

The most recent hole, H034, directed to a high resolution 3D induced polarization and magnetic anomalous area in the southwest of the Zone, intersected 689 meters of strong disseminated sulphide mineralization.

Farshad Shirvani, President and CEO, stated: "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."

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, subject to compliance with Provincial Covid-19 guidelines and the company's ability to ensure the health and safety of all persons on the remote site.

The shares are trading at $0.225.

For more information please visit the company’s website www.doubleview.ca, or contact Farshad Shirvani, President and CEO, at 604-678-9587 or by email at corporate@doubleview.ca.

I’m Megan Edwards for InvestmentPitch.com