Last updated – 09 May, 2024 (added update at the bottom of the article – see update section)
Doubleview Gold
A Possible Game-Changing Target Hasn’t Been Drilled Yet!
While shareholders anxiously await the release of some major pending catalysts, it is crucial to keep in mind what the project’s upside potential is.
Doubleview Gold’s 3D-IP is possibly one of the largest footprints in North America measuring 2.7 km x 3.7 km giving it the potential to be a world class deposit!
Based on rock samples and geological mapping, the sulphide footprint is more than 11 square km.
As a result, there are a lot of high priority targets and billions of potential tonnage that has not been drilled.
It is also important to remember that the 3D-IP only represents ~20% of the total property which means there’s the potential for the remaining ~80% to hold another porphyry system. The remainding ~80% has never been explored.
According to Doubleview Gold’s CEO (Farshad Shirvani) who is also a geologist, the geology to the north of the 3D-IP is favorable to possibly host more mineralization.
In an older YouTube video, the CEO indicated they might do another IP survey to the north which could potentially double the system. A characteristic of Alkalic deposits is many smaller deposits so there’s the potential for more deposits (Doublview Gold’s Hat deposit is an Alkalic deposit).
Hoey Zone Target
Possible Game-Changing Starter Pit!
Located 1 km from the Lisle deposit, the Hoey Gold target is the best undrilled target at the Hat project.
Many years ago, channel sampling found rock samples of up to 8.11 g/t gold, 7% copper and .5% cobalt! Rock sample grades need to be taken with a grain of salt because once drilled there is sometimes nothing of interest found.
Since Hoey is part of the 3D-IP which has been validated through drilling with every hole drilled into it mineralized, odds that it is also mineralized are extremely high.
Based on the Hoey’s characteristics, it is a possible IOCG target. Iron oxide copper gold deposits (IOCG) contain high valuable concentrations of copper, gold and uranium (in Doubleview Gold’s case I don’t expect there to be any uranium). To read more about IOCG deposits, please see the following link: Iron-Oxide Copper Gold Deposits
On some prior YouTube videos, the CEO said Hoey could be a possible starter pit.
With the high grade rock samples found at Hoey and it possibly being an IOCG deposit, a starter pit at Hoey would be a game changer. Even if the tonnage isn’t large like the Lisle Zone, a starter pit would still greatly improve the economics of the project.
Area North of the Lisle Zone
The north area of the Lisle Zone is the area where the best gold sample was discovered. A rock sample is said to have sampled ~9 g/t gold (I couldn’t find reference to it but it was in an older company presentation). It has also never been been drilled.
“We have several high-grade gold samples taken from north of the Lisle deposit which assayed more than 7 g/t gold and identified several outcropped sulfides at surface”- taken from one of my old research reports (it came from an old news release)
West Gossan
Located 1.4 km SW of the Lisle deposit, soil anomaly tests returned one sample with 55.2 g/t gold and 0.2% copper.
O Zone
Located 1.5 km from the Lisle deposit, the O Zone was a new discovery in the summer of 2021.
This recently discovered zone is one of two 3D-IP identified anomalies that extend 1250m below the surface.
Although it was the 1st hole ever drilled into this huge section of the 3D-IP, results were extremely promising.
If you look at the Lisle deposit drill holes, the best grades to date are some of the last holes drilled and not the first ones. It takes time to understand and interpret the geology, faults, etc. so it is unrealistic to expect the 1st holes in a new area to return the best grades even if one has a great validated 3D-IP as a treasure map.
Although initial gold and copper values were lower than the Lisle deposit, scandium and cobalt grades were slightly higher.
The O Zone has huge potential to drastically increase the tonnage at the Hat project.
Conclusion
Since the company’s focus has been on extending the size of the Lisle deposit which has a lot more potential tonnage and is the subject of an upcoming maiden resource estimate, the priority has not been on new possibly game changing targets such as the Hoey.
Although the details of company’s recent drill campaign was never revealed, I believe it’s unlikely that the company will surprise shareholders with a hole drilled into Hoey due to an upcoming maiden resource at the Lisle deposit (hopefully I’m wrong as I have been waiting for years for it to be drilled). A start pit discovery would be a HUGE game changer for Doubleview Gold!
Mr. Farshad Shirvani, President and CEO, remarks: “With 41 drill holes, we are still in the early stages of exploring the Hat deposit. Time and again the consistency of the results of this ever-growing porphyry system are extraordinary. With every drill campaign the Company has expanded the Hat deposit’s footprint.”- 26 April, 2022 news release
With very few holes drilled in a 3D-IP target measuring 2.7 km x 3.7 km which only covers ~20% of the property, not having found the typical porphyry system’s high grade heat source, possibly more deposits to be found in the unexplored areas outside the 3D IP which accounts for ~80% of the property and a possible game changing starter pit target yet to be drilled, there remains tremendous upside potential to unlock in future drill campaigns.
Due to the property’s outstanding potential located in the most desirable jurisdiction in the world with recent Federal government making it easier and more lucrative to mine critical metals in Canada, major mining companies are most likely closely watching Doubleview Gold’s developments with great interest.
Post Article Release Update
16 June 2023 update– Doubleview Gold plans to drill the Hoey target (possible high grade gold starter pit) this year and took the steps a while ago to get a drill permit for it!
25 September, 2023 news -Sounds like we’ll probably get some drilling at Hoey this year! Hoey’s size and grab samples have the potential to be a very lucrative starter pit which would be an additional game changer for Doubleview Gold! “Additionally, the positive Assessment allows for further exploration and drilling at the project, including at the Hoey target, 1.4km from the Lisle Zone, that has produced some of the best surface sampling results from bedrock seen at the Hat Deposit to date.”
09 May, 2024 – Doubleview Gold did not drill its most promising drill target in the 2024 drill season (Hoey Gold Zone) as it focused on maximizing tonnage for the MRE. It plans to drill Hoey Gold Zone in the 2025 drill campaign.