Doubleview Gold Corp has released its maiden Mineral Resource Estimate for the Hat project located in northwestern British Columbia. The company's CEO, Farshad Shirvani, emphasized the project's major deposits of copper and cobalt, along with the potential for scandium—a critical element for the aerospace and defense sectors. This announcement marks a significant transition from exploration to mining development for Doubleview Gold Corp, a milestone that has been in the works since 1993 with notable advancements post-2011.
The Hat project has reported 627 million tonnes of indicated resources and 477 million tonnes of inferred resources, which together account for only 15% of the explored area. The focus on high-grade material has led to an overall estimate of 970 million tonnes of resources. The deposit is notably rich in copper, gold, cobalt, silver, and potentially scandium. The importance of scandium cannot be overstated, as North America is heavily dependent on imports from China and Russia for this critical element.
Additionally, Shirvani announced plans for further drilling and baseline environmental studies aimed at expanding the deposit and formally incorporating scandium into the resource estimate by the end of the year. This development is not only a significant achievement for Doubleview Gold Corp but also holds potential implications for reducing North America's reliance on scandium imports, thereby impacting the aerospace and defense industries.
