Doubleview Gold Corp Announces Maiden Mineral Resource Estimate for Hat Project in British Columbia

Doubleview Gold Corp has unveiled its maiden Mineral Resource Estimate for the Hat project located in northwestern British Columbia, signaling a major milestone in the company's journey from exploration to mining development. The announcement, made by CEO Farshad Shirvani, highlights the project's significant mineral content, particularly in copper and cobalt, with promising potential for scandium production.

The Hat project's resource estimate reveals an impressive 627 million tonnes of indicated resources and 477 million tonnes of inferred resources. Notably, this estimation represents only 15% of the explored area, suggesting substantial potential for future expansion. The company's focus on high-grade material has resulted in an estimate of 970 million tonnes of mineral-rich deposits.

The resource estimate underscores the Hat project's diverse mineral composition, including copper, gold, cobalt, and silver. The potential inclusion of scandium in the resource estimate is particularly noteworthy, given its critical applications in aerospace and defense industries. This aspect gains additional significance considering North America's current reliance on imports from China and Russia for scandium supply.

Doubleview Gold Corp's achievement comes after years of dedicated exploration efforts. The company has been actively involved in the project since 1993, with significant advancements made since 2011. This progression from exploration to the cusp of mining development represents a crucial juncture for the company and its shareholders, potentially enhancing the project's value and future prospects.

The implications of this mineral resource estimate extend beyond Doubleview Gold Corp. The substantial copper and cobalt resources could contribute significantly to the global supply of these essential metals, which are crucial for various industries, including renewable energy and electric vehicle production. The potential scandium production could also play a vital role in reducing North America's dependence on foreign sources for this strategic metal.

Looking ahead, Doubleview Gold Corp has outlined plans for further development of the Hat project. The company intends to conduct additional drilling to expand the deposit and aims to incorporate scandium into the resource estimate by the end of the year. These efforts will be complemented by baseline environmental studies, indicating the company's commitment to responsible resource development.

The Hat project's resource estimate and its potential for expansion could have far-reaching impacts on the mining industry in British Columbia and beyond. It not only highlights the region's mineral wealth but also positions Doubleview Gold Corp as a significant player in the sector. The project's diverse mineral portfolio, particularly the potential for scandium production, aligns with the growing demand for critical metals in high-tech and green energy applications.

As Doubleview Gold Corp moves forward with its development plans, the mining industry and investors will likely watch closely. The Hat project's progress could serve as a benchmark for similar developments in the region and potentially influence market dynamics for copper, cobalt, and scandium. The company's journey from exploration to this significant resource estimate underscores the long-term nature of mining projects and the potential rewards of persistent, focused efforts in mineral exploration and development.