Doubleview Gold Corp has announced its maiden Mineral Resource Estimate for the Hat project located in northwestern British Columbia. The estimate highlights significant deposits of copper, cobalt, and the potential for scandium, marking a pivotal transition from exploration to mining development for the company.
CEO Farshad Shirvani revealed that the project has been underway since 1993, with substantial progress made since 2011. The Hat project now reports 627 million tonnes of indicated resources and 477 million tonnes of inferred resources, covering only 15% of the explored area. This focus on high-grade material has resulted in an estimated 970 million tonnes of valuable minerals.
The deposit is particularly rich in copper, gold, cobalt, and silver, with the potential inclusion of scandium being of notable significance. Scandium is crucial in the aerospace and defense sectors, and North America currently relies heavily on imports from China and Russia for this metal. This aspect of the Hat project could therefore have substantial economic and strategic implications.
Additionally, Shirvani announced that Doubleview Gold Corp is planning further drilling and baseline environmental studies. These efforts aim to expand the current deposit and incorporate scandium into the resource estimate by the end of the year, which could further enhance the project's value and impact.
