Drilling will further expand the mineral zone that was first discovered in 2013. Certain drill cores from the previous exploration program in 2015 also will be sampled for analytical purposes.
It is expected that about 2000 meters will be drilled in the current program. Core samples will be submitted to an accredited analytical laboratory and results will be announced by new release.
The drilling program is designed to further explore the Hat Gold-Copper Porphyry deposit laterally and at depth. The Hat deposit is believed to belong to the Alkalic gold-copper porphyry group of mineral deposits that are found in many parts of the world and are distinct from the Calc-Alkalic copper-molybdenum group of deposits.
Many exploration targets on the property remain to be evaluated and in recent weeks a Doubleview crew, using a small portable drill, has completed a series of very shallow holes in areas south and northeast of the Lisle Zone that confirm the presence of sulphide mineralization. These shallow exploration holes are for the purpose of obtaining additional geological information in areas of very limited rock outcrops and will enable better placement of future diamond drill holes.
Significance of Gold of the Hat Gold-Copper Deposit:
On the basis of available analytical data and in the context of Porphyry-type ore deposit models, the Gold content of the Lisle Zone is one of its most significant features. Doubleview believes that further drilling may define a strong gold-bearing zone within the broader Copper-dominant mineralization.
Several geochemical soil sampling programs on the Hat property by previous owners and by Doubleview have demonstrated that anomalous levels of Gold occur with strong Copper in soils values: in particular, a geochemical soil sample from the Anomaly D area, approximately 2000 metres southwest of the Lisle Zone, analysed 0.38% Cu, 55.26 g/t Au and 27.9 g/t Ag.
