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CORRECTION FROM SOURCE: Doubleview Reports Maiden Mineral Resource Estimate
Resource estimate highlights: Indicated resource estimate of 150 million tonnes (Mt) and infe...
About this update from Doubleview Gold Corp.
[{"type":"text","content":"CORRECTION FROM SOURCE: Doubleview Reports Maiden Mineral Resource EstimateResource estimate highlights:Indicated resource estimate of 150 million tonnes (Mt) and inferred resource estimate of 477 Mt at 0.2% copper equivalent (\"CuEq\") cut-off grade; orIndicated resource estimate of 1.353 billion pounds (Blb) of CuEq at 0.408% CuEq, which includes 733 Mlb of copper, 28 Mlb of cobalt, 929 thousand ounces of gold and 2 million ounces of silver.Inferred resource estimate of 3.619 Blb of CuEq at 0.344% CuEq, which includes 1.945 Blb of copper, 91 Mlb of cobalt, 2.328 million ounces of gold and 7.575 million ounces of silver.Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.Vancouver, British Columbia--(Newsfile Corp. - July 26, 2024) - Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (\"Doubleview\" or the \"Company\") is pleased to announce the maiden Mineral Resource Estimate (\"MRE\") of its 100% owned polymetallic Hat porphyry project (\"Hat\"), located in northwestern British Columbia. With major content of Copper, Gold, Cobalt as well as the potential of Scandium, Hat can become an important source of critical minerals. Farshad Shirvani, president & CEO of Doubleview Gold Corp commented, \"Year by year, the size of the deposit was increased by very targeted drilling, bringing it to a footprint of about 1.5km x 1.38km. I appreciate my technical and management team in this endeavor. We've discovered numerous additional elements within the Hat deposit that will soon be unveiled, each further showcasing the deposit's uniqueness and enhancing the resource.\"Summary of MRE for Hat Deposit:Table 1: Hat Deposit MRE with a 0.2% CuEq cut-off (being the basecase scenario to be set forth in the Technical Report)Average GradeMetal ContentOpen Pit Model HatResource CategoryTonnageCuEqCuCoAuAgCuEqCuCoAuAgMt%%%g/tg/tmillion lbmillion lbmillion lbthousand ozthousand ozIn PitIndicated1500.4080.2210.0080.190.421,353733289292,045Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575 Parameters used to calculate cut-off grade:Au price US$/oz: 1,900; Ag price US$/oz: 24; Cu price US$/lb: 4; Co price US$/lb: 22; Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%; Mining cost US$/t (OP): 2.5; Processing Cost US$/t: 6; G&...