Doubleview Gold Corp Announces Significant High-Grade Copper and Gold Intercepts at Hat Polymetallic Deposit

Doubleview Gold Corp.("Doubleview") is pleased to announce significant assay results from its 2024 drilling program at the Hat Polymetallic Deposit in northwestern British Columbia. The results from drill holes H078 and H079 include the most substantial intervals of high-grade copper and gold mineralization encountered at the Hat Project to date. Drill holes H081, H082, H083 and H085 provide more details of the East Lisle Zone, a shallow extension of the Main Lisle Zone. (Drill hole H084 was abandoned before it reached its target depth).

1- Central Lisle Zone Drill Results:

The recent drilling focused on the Central Lisle Zone, which is interpreted as a potential porphyry feeder zone. The intercepts demonstrate shallow mineralization horizons and provide further evidence of the Hat Deposit's robust mineralization profile.

Drill Hole H078:

• From 12 meters to 684 meters: 672 meters averaging 0.29% Copper and 0.22 g/t Gold (0.50% CuEq - see note (a) for CuEq calculation).
• Significant long intercepts include:
  • 409 meters (from 92 meters to 501 meters) averaging 0.39% Copper and 0.28 g/t Gold (0.65% CuEq) including
  • 107 meters (from 247 meters to 354 meters) averaging 1.00% Copper and 0.46 g/t Gold (1.42% CuEq), the highest-grade interval recorded at the Hat Project.

Drill Hole H079:

• From 7 meters to 732 meters: 725 meters averaging 0.29% Copper and 0.22 g/t Gold (0.44% CuEq) including
  • 572 meters (from 150 meters to 722 meters) averaging 0.28% Copper and 0.25 g/t Gold (0.50% CuEq) and
  • 213 meters (from 510 meters to 723 meters) averaging 0.59% Copper and 0.50 g/t Gold (1.00% CuEq) and
  • 82 meters (from 600 meters to 682 meters) averaging 0.95% Copper and 0.79 g/t Gold (1.58% CuEq).

Drill Hole H080:

• From 318 meters to 372 meters: 54 meters averaging 0.30% Copper and 0.21 g/t Gold (0.50% CuEq), including:
  • 22 meters (from 350 meters to 372 meters) averaging 0.54% Copper and 0.38 g/t Gold (0.91% CuEq).

Table 1. Summary of Significant Drill Intercepts. Source: Doubleview Gold Corp

Please note: the intervals presented in this table are not true widths

Central Lisle Zone Drill Results Discussion:

The exceptional grades and intercepts reported from holes H078 and H079 confirm the high-grade nature of the mineralization within the Central Lisle Zone and suggest proximity to the core of the porphyry system, possibly representing the feeder zone. The intercepts display consistent copper, gold and strong cobalt values, as well as consistent scandium mineralization, reinforcing the Hat Deposit's potential as a significant resource of strategic metals.

President and CEO, Farshad Shirvani, commented:

"These are the most significant drill results we have ever reported from the Hat Project that is attracting attention from major players in the metals industry. The substantial copper and gold grades over considerable lengths indicate that we may be intersecting the core of the porphyry system. These results not only underscore the robust nature of the Hat Deposit but also enhance its potential to become a world-class polymetallic resource. We are excited about the conclusions of these findings and look forward to advancing the project with further drilling and exploration activities."

2- East Lisle New Horizon:

The East Lisle Zone has revealed a promising new zone of mineralization beyond the conceptual pit shell proposed in MRE V1 [note (b)] and at depth, which is expected to be extended in the upcoming MRE V2 with new conceptual pit walls. All drill holes in this setting intersected strong copper and gold mineralization.

Table 2. Summary of Significant Drill Intercepts from East Lisle Zone. Source: Doubleview Gold Corp

Figure 2. Section view of Central Lisle Zone based on 2024 Resource Block Model of the MRE with drill holes H081, H082, H083, and H085. [see note (b)]. Image Credit: Doubleview Gold Corp

East Lisle Zone Drill Results Discussion:

The results from the East Lisle Zone indicate a significant new zone of mineralization, suggesting potential extensions of the Hat Deposit to the east. The drill intercepts show consistent grades over substantial lengths, underscoring the prospectivity of this area and supporting further exploration.

3- Far Northwest Lisle Zone:

The Far Northwest Lisle Zone has produced encouraging results, revealing multiple intervals of copper, gold, and associated metals. These results suggest significant potential for mineralization in this area, further extending the scope of the Hat Polymetallic Deposit.

Table 3. Summary of Significant Drill Intercepts of the Far Northwest Lisle Zone. Source: Doubleview Gold Corp

Please note: the intervals presented in this table are not true widths

Notes:

(a) Copper Equivalent (CuEq) currently does not include the Scandium

1. Metal equivalents should not be relied upon for future evaluations. - Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths. -
2. Parameters used to calculate Copper Equivalent: Au price (US$/oz): 1900; Ag price (US$/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%. Copper Equivalent Calculation CuEq in % = ([Ag grade in ppm] *24*0.68/31.1035 + [Au grade in ppm] *1900*.89/31.1035 + 0.0001* [Co grade in ppm] *22*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4*0.84*22.0462)/(4*22.0462*0.84).

(b) For further details, please refer to the Company's July 25, 2024 news release of the MRE.

(c) Drill holes are projected onto the sections of this news release.

Table 4. Details of Location and direction of drill holes discussed in this release. Source: Doubleview Gold Corp

Figure 3. Drill Plan. Image Credit: Doubleview Gold Corp

Quality Assurance and Quality Control:

Hat Project drill cores are processed at Doubleview's camp where they are photographed, measured and logged by our technical staff and then divided using a diamond bladed saw. One half is placed in a stout bag to form the assay sample that is forwarded securely to the independent analytical lab. The remaining half core is stored on site where it is available for further examination and sampling. The assay cores are subject to a Chain of Custody routine as they are shipped from camp to a bonded carrier for delivery to the lab.

Core samples are analysed at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2 mm screen. All material is processed in an automatic Riffle splitter to yield a 250 g 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 50 g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25 g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview's core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

When initial assays are received and accepted by our staff, a certain fraction of the samples will be sent to a second ISO-certified lab for check assay and verification purposes. Assays will be reported in News Releases.