Doubleview Gold Corp has achieved a pivotal milestone with the release of its maiden Mineral Resource Estimate for the Hat project in northwestern British Columbia, marking the company's transition from exploration to mining development. CEO Farshad Shirvani announced the estimate, which reveals 627 million tonnes of indicated resources and 477 million tonnes of inferred resources across only 15% of the explored area, indicating substantial potential for future expansion. The company's focus on high-grade material has yielded an estimated 970 million tonnes of mineral-rich deposits, highlighting the project's significance in the mining sector.
The resource estimate underscores the Hat project's diverse mineral composition, including copper, gold, cobalt, and silver. The potential inclusion of scandium is particularly noteworthy due to its critical applications in aerospace and defense industries. This aspect gains importance given North America's current reliance on imports from China and Russia for scandium supply, positioning the project as a potential domestic source for this strategic metal. The substantial copper and cobalt resources could significantly contribute to global supply chains essential for renewable energy and electric vehicle production.
Doubleview Gold Corp's achievement follows decades of exploration efforts, with active involvement since 1993 and significant advancements since 2011. This progression represents a crucial juncture for the company and its shareholders, potentially enhancing the project's value and future prospects. The implications extend beyond the company, as the project's development could impact mining industry dynamics in British Columbia and influence market conditions for copper, cobalt, and scandium.
Looking forward, Doubleview Gold Corp plans additional drilling to expand the deposit and aims to incorporate scandium into the resource estimate by year-end. These efforts will be complemented by baseline environmental studies, reflecting the company's commitment to responsible resource development. The Hat project's diverse mineral portfolio and expansion potential align with growing demand for critical metals in high-tech and green energy applications, establishing Doubleview Gold Corp as an emerging player in the sector.
