VANCOUVER, BRITISH COLUMBIA -
Newsfile Corp. - 5 March 2025 -
Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the
"Company" or "Doubleview") is pleased to announce that it has received a
Statement of Interest from Her Excellency Sheikha Sara Nasser Al-Thani
CEO of Qmission W.L.L. for the Company's Polymetallic HAT Porphyry
Deposit, located in northwestern British Columbia, Canada. Her
Excellency and Doubleview have entered into an Emissary Agreement to
build and foster a potential collaboration with the State of Qatar by
way of the Qatar Investment Authority ("QIA") as well as other Arab
countries who are seeking to expand business relations, particularly
investments in unique and critical mineral deposits that can deliver the
resources needed for a sustainable future. Sheikha Sara Nasser Al-Thani
is personally involved in seeking business opportunities and building
strategic collaborations between different business sectors through her
company Qmission that will benefit all parties involved.
The Middle Eastern country of Qatar is known for its wealth of natural
resources, mainly natural gas (LNG) and oil. In 2005, the Qatar
Investment Authority ("QIA") was established. It is the nation's
sovereign wealth fund, renowned for its focus on exceptional,
one-of-a-kind investments spanning all major global markets, asset
classes, sectors and geographies. Her Excellency noted, "This
opportunity extends beyond the oil and gas sector and holds significant
potential benefits for Qatar. QMISSION's focus is to explore diverse
sectors, continuously seeking avenues for growth and innovation.
Inspired by the words from the Emir of Qatar, His Royal Highness Sheikh
Tamim bin Hamad Al Thani,
'Qatar deserves the best from its citizens,' we remain committed
to identifying groundbreaking prospects. Doubleview Gold and its HAT
Deposit, with its abundance of copper, gold, cobalt and scandium,
represents a golden opportunity in the mining industry."
Farshad Shirvani, president & CEO states: "QIA's vision corresponds
perfectly with the Hat Project's potential significance on the global
stage, due to the deposit's unique variety of critical minerals -
copper, cobalt and scandium, in addition to gold and silver - and its
size, which sets it apart. This presents a unique investment
opportunity. I am honored to have Her Excellency Sheikha Sara Nasser Al
Thani as an ally in our mission to develop this deposit and to share my
vision with her."
The Hat Project features a significant and unique combination of
critical metals, including scandium, copper, and gold, among other
valuable resources. The Hat Deposit's 2024 maiden resource estimate
("HAT MRE 1.0") reported the following commodities in both indicated and
inferred categories, at a cut-off grade of 0.2% copper equivalent
("CuEq"*):
-
Gold: 929k ounces (indicated), 2.328 million ounces (inferred)
-
Copper: 733 million pounds (indicated), 1.945 billion pounds (inferred)
-
Silver: 2.045 million ounces (indicated), 7.575 million ounces (inferred)
-
Cobalt: 28 million pounds (indicated), 91 million pounds (inferred)
-
Scandium: The 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.
Note: For further details, please refer to the Company's July 25, 2024, news release.
An update to the Company's Maiden Resource Estimate ("HAT MRE 2.0") is
expected to be published in Q2, 2025. It will include more than 10,000
meters of additional drill hole information and will be used as part of
the Preliminary Economic Assessment ("HAT PEA") concurrently being
completed. Updated Scandium metallurgy studies are underway which will
be included in the HAT MRE 2.0 and HAT PEA once concluded.
* - Copper Equivalent (CuEq) currently does not include the Scandium.
- Metal equivalents should not be relied upon for future evaluations.
- 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).
Doubleview maintains a website at
www.doubleview.ca.
Qualified Persons:
Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's
Qualified Person with respect to the Hat Project as defined by National
Instrument 43-101 Standards of Disclosure for Mineral Projects, has
reviewed, and approved the technical contents of this news release. He
is not independent of Doubleview as he is a shareholder in the company.