Doubleview Gold Corp has announced its maiden Mineral Resource Estimate for the Hat project in northwestern British Columbia, marking a significant transition from exploration to mining development. The estimate reveals 627 million tonnes of indicated resources and 477 million tonnes of inferred resources, with this calculation representing only 15% of the explored area, indicating substantial potential for future expansion. CEO Farshad Shirvani emphasized the project's focus on high-grade material, resulting in an estimate of 970 million tonnes of mineral-rich deposits.
The resource estimate highlights the Hat project's diverse mineral composition, including copper, gold, cobalt, and silver. The potential inclusion of scandium in the resource estimate is particularly significant given its critical applications in aerospace and defense industries. This development gains additional importance considering North America's current reliance on imports from China and Russia for scandium supply, potentially reducing foreign dependence for this strategic metal.
Doubleview Gold Corp's achievement follows years of dedicated exploration efforts, with the company actively involved in the project since 1993 and making significant advancements since 2011. The substantial copper and cobalt resources could contribute meaningfully to global supply chains for these essential metals, which are crucial for renewable energy and electric vehicle production industries. The project's progression represents a critical juncture for the company and its shareholders, potentially enhancing the project's overall value and future prospects.
The company has outlined comprehensive development plans for the Hat project, including additional drilling to expand the deposit and aims to incorporate scandium into the resource estimate by year-end. These efforts will be supported by baseline environmental studies, demonstrating the company's commitment to responsible resource development practices. The project's resource estimate and expansion potential could have far-reaching impacts on British Columbia's mining industry and beyond, positioning Doubleview Gold Corp as a significant player in the sector.
The Hat project's diverse mineral portfolio, particularly the potential for scandium production, aligns with growing demand for critical metals in high-tech and green energy applications. As Doubleview Gold Corp advances its development plans, the mining industry and investors will monitor progress closely, as the project 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 substantial resource estimate underscores the long-term nature of mining projects and the potential rewards of persistent, focused efforts in mineral exploration and development.
