Doubleview Gold Corp.
10 May 2021
Date: 10/05/2021
Significant Cobalt Recovery a Major Upgrade at the Hat
Copper-Gold-Cobalt Deposit in the Golden Triangle
CANCOUVER, BC / ACCESSWIRE / May 10, 2021 / Doubleview Gold Corp
("Doubleview", the "Company") (TSXV:DBG) (OTC PINK:DBLVF)
(FRANKFURT:1D4) is pleased to announce excellent results from its
initial metallurgical tests on materials from its 100% owned Hat
Copper-Gold-Cobalt deposit, located in the Golden Triangle region
of Atlin Mining District in Northwest British Columbia. The initial
metallurgical extraction studies were designed to evaluate the
characteristics of mineralization and the potential recoverability
of component metals. In particular, attention was directed to
Cobalt, an increasingly valuable and sought-after commodity that
only in recent years has become a potentially important economic
contributor to Hat resources.
For testing purposes, a composite sample, compiled from selected
drill core analytical sample pulps, was processed by crushing and
grinding and then divided into two sub-samples: "Gravity" and
"Composite". "Composite" went directly to flotation, "Gravity" was
gravity separated to remove free gold and the samples were each
subjected to the same flotation sequence to produce a high
gold-copper concentrate with low cobalt and a pyrite concentrate
with high cobalt. Recoveries are shown in the accompanying
table:
HAT Flotation Results - Indicated grades and Recoveries
Metal Grade Recovery(%)
-------------------------- --------------------------
Sample Gravity Tails Composite Gravity Tails Composite
--------- -------------- ---------- -------------- ----------
Head
---------------------------------------------------------------------------
Cu (%) 0.2 0.21
------------------ -------------- ---------- -------------- ----------
Co(ppm) 132 131
------------------ -------------- ---------- -------------- ----------
Au(g/t) 0.36 0.32
------------------ -------------- ---------- -------------- ----------
Gravity Concentrate
---------------------------------------------------------------------------
Au(g/t) 11 11
------------------ -------------- ---------- -------------- ----------
Copper Concentrate
---------------------------------------------------------------------------
Cu (%) 27 14 81 76
------------------ -------------- ---------- -------------- ----------
Co(ppm) 470 1160 19 26
------------------ -------------- ---------- -------------- ----------
Au(g/t) 7 12 54 64
------------------ -------------- ---------- -------------- ----------
Pyrite Concentrate
---------------------------------------------------------------------------
Cu (%) 0.1 0.1 5 6
------------------ -------------- ---------- -------------- ----------
Co(ppm) 2620 2530 49 48
------------------ -------------- ---------- -------------- ----------
Au(g/t) 3 3 21 23
------------------ -------------- ---------- -------------- ----------
Combined Concentrates
---------------------------------------------------------------------------
Cu (%) 86 82
------------------ -------------- ---------- -------------- ----------
Co(ppm) 68 74
------------------ -------------- ---------- -------------- ----------
Au(g/t) 86 87
------------------ -------------- ---------- -------------- ----------
The initial flotation tests demonstrate that it is possible to
produce a high gold, low cobalt-copper concentrate and a high
cobalt, low gold pyrite concentrate. Further optimization work will
aim to improve selectivity, grades and recoveries.
Additional mineral samples have been submitted for QEMSCAN ("
Quantitative Evaluation of Minerals by Scanning Electron
Microscopy") to better understand the mineralization of Hat
polymetallic deposit and the nature of flotation tails losses,
these results will be announced in due course.
Metallurgical investigations have been conducted by Sepro
Mineral Systems, Sepro Laboratories Inc. of Langley, B. C., under
the supervision and guidance of EUR ING Andrew Carter, B.Sc. CEng.
MIMMM, MSAIMM, SME, Technical Director of Coffey, a Tetra Tech
Company. Tetra Tech provides metallurgical consulting and
development services to the resources sector and the extractive
mineral and metallurgical industries.
Mr. Farshad Shirvani, President and CEO of Doubleview Gold
Corp., states that "I am pleased with the exceptional initial
metallurgical results from the Hat Polymetallic Deposit recovery
test work. The newly received data is especially timely as copper,
gold and cobalt prices are close to all-time high levels. Market
demand for these and other metals, including nickel, palladium and
scandium, critical to the rapidly expanding and evolving
alternative energy and automotive industries, appears to have
almost unlimited upside as worldwide decarbonization efforts gain
momentum. The Hat deposit has such potential to contribute to
Canada's future as it is poised, and is morphing into, what I
believe a Saudi Arabia of strategic metals."
On March 11, 2021, Canada unveiled its Critical Minerals List
that can be viewed by following the link below. The list includes
31 minerals considered integral to the Canadian economy.
https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/critical-minerals/23414
Qualified Persons:
EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME of Coffey,
Tetra Tech is Doubleview's Qualified Person with respect to the Hat
Project Metallurgical Studies as defined by National Instrument
43-101 Standards of Disclosure for Mineral Projects, and has
reviewed and approved the technical contents of this news release.
He is independent of Doubleview.
About Doubleview Gold Corp:
Doubleview Gold Corp, a mineral resource exploration and
development company, is based in Vancouver, British Columbia,
Canada, and is publicly traded on the TSX Venture Exchange
[TSX-V:DBG], [OTCBB: DBLVF], [GER: A1W038], [Frankfurt: 1D4].
Doubleview identifies, acquires and finances precious and base
metal exploration projects in North America, particularly in
British Columbia. Doubleview increases shareholder value through
acquisition and exploration of quality gold, copper and silver
properties and the application of advanced state-of-the-art
exploration methods. Doubleview's portfolio of strategic properties
provides diversification and mitigates investment risk.
On behalf of the Board of Directors,
Farshad Shirvani, M.Sc. Geology
President and CEO
For further information please contact:
Doubleview Gold Corp
Vancouver, BC, V6C 1V5
corporate@doubleview.ca
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. Doubleview cautions that all
forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond Doubleview's control. Such factors include,
among other things: risks and uncertainties relating to
Doubleview's limited operating history and the need to comply with
environmental and governmental regulations. Accordingly, actual and
future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward looking information. Except as required
under applicable securities legislation, Doubleview undertakes no
obligation to publicly update or revise forward-looking
information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE: Doubleview Gold Corp.
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