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1. Red Spring Copper-Silver-Gold Property Overview

The Red Spring Copper-Silver-Gold Property, located approximately 120 km north of Smithers, British Columbia, was initially discovered in 1972. The property showcases significant copper mineralization within the Jurassic-aged Hazelton Group's volcanic, volcaniclastic, and sedimentary rocks. These formations lie close to the Bowser sedimentary basin's eastern edge. Historical exploration focused on a dolomitic limestone unit, characterized by finely disseminated, silver-rich chalcopyrite. Extensive drilling was conducted during the 1970s, with a notable internal report by Canadian Superior Exploration Ltd highlighting the potential of the mineralized zones.

Regional Geological Setting

The Red Spring area is geologically complex, as first mapped by the Geological Survey of Canada in 1973. The region's geology comprises:

• North of the Squingula River:
  

  Dominated by Lower to Middle Jurassic Hazelton Group rocks, including volcanic rocks, epiclastic rocks, bioclastic sediments, conglomerates, sandstones, and limestones. These rocks display steep southern dips and are part of a larger east-west trending sequence.

• South of the Squingula River:
  

  This area hosts undivided Bowser Lake and Hazelton Group clastic rocks. Although unmapped during the 2007 exploration, structural complexities such as faulting and shearing are evident. Early north-south trending faults are succeeded by east-west structural trends, influencing the distribution of mineralized limestone units.

Deposit Types

The Red Spring property has the potential for two significant deposit types:

1. Sediment-Hosted Cu-Ag Deposits (Kupferschiefer Model):

   • These deposits feature strata-bound copper mineralization in limestone and sandstone, often conformable with bedding.
   • Geochemical signatures include high levels of Cu, Pb, Zn, Cd, and sometimes Hg.
   • The known mineralization at Red Spring aligns with this model, particularly within dolomitic limestone.

2. Eskay Creek-Type (Volcanogenic Massive Sulphide) Deposits:

   • Formed in Jurassic volcanic arcs, these deposits contain sulphide minerals like sphalerite, chalcopyrite, and native gold and silver.
   • Polymetallic in nature, they are high in precious metals with anomalous Hg, Sb, and As levels.
   • The stratigraphy at Red Spring shows correlations with Eskay Creek’s geological settings, hinting at potential similar mineralization.

Mineralization Highlights

Copper-silver mineralization is primarily associated with a fine-grained dolomitic limestone unit over a 200 x 300-meter area. Key features include:

• Historical Drilling (1973):

  • Copper mineralization, mostly as chalcopyrite and pyrite, occurs at an average depth of 39 meters.
  • Associated with dolomitic veinlets and stylolitic seams.
  • Trace amounts of bornite were identified.

• Surface Observations:

  • Malachite, a secondary copper mineral, is prevalent due to surface oxidation.
  • Minor amounts of malachite and chalcopyrite were found in volcanic fractures, talus, and quartz stringers.

• Exploration Findings:

  • Surface samples south of the 1973 drilling area suggest extensions of the mineralized zone.
  • Drill hole 73-3 intersected weak copper mineralization in tuffaceous rocks, with stratigraphy hinting at Eskay Creek-type potential.

Exploration and Future Potential

The Red Spring property is a promising exploration site for sediment-hosted copper-silver deposits and polymetallic VMS deposits. Historical assays indicate copper grades ranging from 0.02% to 0.35% in surface samples. The structural controls and geological setting emphasize the property's potential for economically viable mineralization. Advanced exploration techniques, including geophysical surveys and deep drilling, could uncover further high-grade zones and validate the presence of Eskay Creek-type mineral systems.

2. Hat Gold-Rich Copper Porphyry Overview

The Hat Gold-Rich Copper Porphyry is a significant exploration project located in northwestern British Columbia. The property spans 5,200 hectares across ten mineral tenures, lying 95 km southwest of Dease Lake and 190 km south of Atlin. Situated near the Coast Mountains and Level Mountain, the project is approximately 10 km north of the Golden Bear Road, offering proximity to critical infrastructure such as the Northwest Transmission Line (120 km away) and Highway 37 (95 km east). Access to the site is primarily by fixed-wing aircraft or helicopter, with accommodations available at a well-equipped temporary camp.

Discovery

The Hat deposit was discovered in 2014 during its first drilling season as a greenfield prospect. This discovery was a milestone for Doubleview’s management and geological team, as early drill holes showed mineralized lengths exceeding 0.5 km. The deposit remains open laterally and at depth, indicating vast untapped potential. The Lisle Zone, discovered in 2014, has since been confirmed as a large alkalic gold-copper porphyry system, with further drilling in 2015 and 2016 strengthening its significance. The sulphide footprint of the deposit spans more than 11 square kilometres, making it one of British Columbia’s most notable recent discoveries.

Regional Geological Setting

The Hat Project is located in a geologically rich area near the Coast Mountains, characterized by features typical of porphyry copper-gold systems. Historic geochemical soil surveys from 1978-1979 and 2011 revealed large zones with anomalous copper values. Subsequent prospecting uncovered copper-gold mineralization and alteration zones consistent with porphyry deposits, aligning with magnetic and induced polarization anomalies.

The Lisle Zone at the Hat property exhibits similarities in genesis, host rock types, alteration, and mineralization to major British Columbia mines such as Copper Mountain, Mount Polley, Mount Milligan, and Red Chris, distinguishing it as a highly prospective site.

Mineralization and Deposit Potential

The Hat property features an alkalic gold-copper porphyry system, which includes:

• Sulphide Mineralization:
  

  The deposit hosts significant copper-gold mineralization distributed over a large footprint, with mineralized zones found in both drill holes and surface outcrops.

• Geophysical Anomalies:
  

  Induced polarization and magnetic surveys correlate strongly with known mineralized zones, supporting the potential for further discoveries.

• Exploration Success:
  

  Initial drilling campaigns yielded marginal results, but more aggressive efforts in 2014 discovered the Lisle Zone. Follow-up campaigns in 2015 and 2016 confirmed substantial mineralization that remains open in all dimensions.

Infrastructure and Accessibility

The Hat project benefits from robust infrastructure support:

• Proximity to Highway 37 and the Northwest Transmission Line ensures logistical and power availability.
• Nearby airstrips and helicopter access facilitate easy transport of personnel and equipment.
• A historic mining road lies just 10 km from the property, with potential for future improvements.

Additionally, Doubleview has established strong relations with local communities and operates under provincial permits ensuring compliance and environmental responsibility.

Future Exploration and Development

The Hat property is poised for further exploration to delineate its full potential. Current findings suggest a resource akin to the significant alkalic porphyry deposits in the region, with the Lisle Zone offering promising economic potential. Ongoing geological mapping, geophysical surveys, and expanded drilling programs will be instrumental in defining the extent and grade of the deposit. With its scale, accessibility, and proximity to key infrastructure, the Hat Gold-Rich Copper Porphyry is set to play a prominent role in British Columbia’s mining sector.