Doubleview Provides Hat Project Development Update as Ongoing Drilling Supports Next Mineral Resource Estimate and Pre-Feasibility Advancement
Doubleview extends Hat’s footprint east, fully funded for an early-2027 resource update as a billion-dollar PEA keeps strategic options open.
Doubleview Gold Corp. (DBG) issued an operational update on June 29, 2026, regarding its 100%-owned Hat polymetallic project in British Columbia. Recent drilling, specifically holes H102 through H108, extended mineralization approximately 150 metres east beyond the previously known resource envelope.
The company is advancing work aimed at an updated Mineral Resource Estimate (MRE) targeted for early 2027, alongside preparation for a Pre-Feasibility Study (PFS). Key activities include the optimization of the drill plan, the final selection of a metallurgical laboratory, and the initiation of baseline environmental studies. Management emphasized that the project is fully funded for current work programs and highlighted the strategic relevance of copper, cobalt, scandium, gold, and silver.
No new assay intervals or resource figures were disclosed in the release. The update references prior Preliminary Economic Assessment (PEA) economics, which indicated an after-tax net present value (NPV) at a 5% discount rate of C$6.73–C$7.27 billion and an internal rate of return (IRR) of 19–23%.
Doubleview Gold Corp. (DBG) released an update on its Hat Project, confirming that mineralization in the Far East Zone extends beyond the previously defined resource envelope. The announcement follows drill results from June 9, 2026, which first identified the zone, and indicates that work programs are proceeding on schedule. The company stated it is fully funded, a position consistent with its cash reserves and recent financing activities.
The Hat Project previously released a robust Preliminary Economic Assessment (PEA) in March 2026, which showed multi-billion-dollar net present values. A formal strategic review with Canaccord Genuity was announced on June 2, 2026. This latest update maintains momentum without introducing new assay data, resource changes, or a revised timeline.
Doubleview’s Q3-2025 financials, covering the period to November 30, 2025, showed cash of C$7.98 million and zero debt. A subsequent flow-through placement totaling C$829k closed in late 2025. While the company’s claim of being fully funded appears credible for near-term drilling and technical work, the path to a Preliminary Feasibility Study (PFS) and eventual construction will require significantly larger capital.
Doubleview Gold Corp. is a mineral exploration company focused on its 100%-owned Hat Project, a polymetallic porphyry deposit located in northwestern British Columbia’s Golden Triangle. The project hosts copper, gold, cobalt, silver, and scandium. An updated mineral resource estimate (MRE) released in February 2026 reported 609 million tonnes of Measured and Indicated resources grading 0.43% copper equivalent (CuEq), alongside 503 million tonnes of Inferred resources grading 0.41% CuEq.
A preliminary economic assessment (PEA) completed in March 2026 outlined three scenarios for a 120,000 tonnes per day, 25-year open-pit operation. The assessment calculated after-tax net present value (NPV) at a 5% discount rate ranging from C$4.96 billion to C$7.27 billion based on consensus metal prices, with values reaching up to C$14.85 billion at spot prices. Internal rates of return (IRR) ranged between 19% and 39%. Additionally, the deposit contains a conceptual scandium resource estimated at 300–500 million tonnes at approximately 40 parts per million scandium oxide (Sc₂O₃), which could add significant value if commercial recovery methods are established.