Drill Results
Doubleview Reports Assays from Drill Holes H102-H108, Extends Hat Mineralization Approximately 150m East and Identifies Gold-Enriched Intervals
Doubleview’s Hat Project drilling confirms eastward continuity, with a strategic review and PEA already capturing the upside.
Executive Summary
- Doubleview Gold Corp. released assay results from drill holes H102-H108 at its 100%-owned Hat Project in northwestern British Columbia.
- The results identify a new gold-copper mineralized corridor dubbed the "Far East Zone," located approximately 150 meters east of the existing resource envelope.
- Holes H106-H108 delivered standout intervals, including 8.0 meters grading 4.04 g/t Au and 112.0 meters grading 0.40 g/t Au, alongside broad copper-equivalent (CuEq) intercepts.
- Holes H102-H105 provided additional drill density and continuity data within and below the 2026 PEA pit shell.
- These results are not yet incorporated into the February 2026 Mineral Resource Estimate or the March 2026 Preliminary Economic Assessment.
- The company will evaluate the data in future geological modeling and engineering studies, with follow-up drilling required to determine the Far East Zone's geometry and extent.
Material Impact
- The June 9, 2026 drill update is a direct follow-up to the May 20, 2026 announcement commencing the advanced 2026 exploration program.
- The discovery of the Far East Zone 150 meters east of the current resource envelope is geologically positive and aligns with the company's stated objective to expand the deposit laterally.
- However, the results are explicitly excluded from the current PEA and MRE. The market has already priced in the robust PEA economics (NPV(5%) of C$6.73B–C$14.85B) and the strategic review process initiated on June 2, 2026.
- From a risk-averse standpoint, exploration success at this stage is incremental. The valuation already reflects a Tier-1 scale asset in a premier jurisdiction. The lack of immediate incorporation into the economic model means no near-term cash flow or valuation re-rating is triggered.
- The strategic review engagement with Canaccord Genuity remains the dominant catalyst. This drill update merely reinforces the geological thesis that underpins the strategic alternatives being evaluated.
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Company Overview
- Doubleview Gold Corp. is an exploration and development company focused on the Hat Polymetallic Project in northwestern British Columbia's Golden Triangle.
- The Hat Project is a large-scale, porphyry-style copper-gold-cobalt-scandium deposit with a 25-year mine life and a planned processing rate of 120,000 tonnes per day.
- The February 2026 Mineral Resource Estimate reports 609 Mt of Measured and Indicated resources at 0.43% CuEq, and 503 Mt of Inferred resources at 0.41% CuEq.
- The March 2026 PEA outlines after-tax NPV(5%) of C$6.73B–C$7.27B at consensus metal prices, and C$13.53B–C$14.85B at spot prices, with IRRs ranging from 19% to 39%.
- The project includes a conceptual scandium recovery circuit, which adds significant critical-minerals exposure and potential high-margin by-product revenue.
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Jun 29, 2026 · 05:16