dolly-logo

Dolly Varden drills 12.55 m of 520 g/t AgEq at Dolly

RSS
Facebook
Instagram

Dolly Varden drills 12.55 m of 520 g/t AgEq at Dolly

2017-08-09 09:14 ET – News Release

Mr. Gary Cope reports

DOLLY VARDEN INTERCEPTS 12.55 METRES GRADING 520 G/T SILVER-EQUIVALENT, INCLUDING 7.00 METRES GRADING 765 G/T, IN THE TORBRIT DEPOSIT AREA OF THE GOLDEN TRIANGLE, NORTHWESTERN BRITISH COLUMBIA

Dolly Varden Silver Corp. has provided the results from the second four holes of the 2017 diamond drilling program on the Dolly Varden silver project in the Golden Triangle of northwestern British Columbia.

Hole DV17-040 – Lower Zone consisted of a core length of 12.55 m (9.89 m true thickness) grading Ag 514.3 g/t, Pb 0.09 % and Zn 0.04 % for a silver-equivalent of 520.2 g/t. Within this Lower Zone interval is 7.00 m (5.52 m true thickness) grading Ag 757.4 g/t, Pb 0.12 % and Zn 0.05 % for a silver-equivalent of 765.1 g/t.

Hole DV17-042 – Lower Zone consisted of a core length of 11.70 m (8.27 m true thickness) grading Ag 204.3 g/t, Pb 0.11 % and Zn 0.07 % for a silver-equivalent of 212.7 g/t. Within this Lower Zone interval is 8.72 m (6.17 m true thickness) grading Ag 249.1 g/t, Pb 0.10 % and Zn 0.06 % for a silver-equivalent of 256.5 g/t.

The Torbrit Deposit is interpreted as a northwestward plunging synform. The three holes DV17-040 to 042 are located on the southeastern edge of the Torbrit Deposit and fill a gap in the drilling. The deposit is still open to the southeast. Hole DV17-043 is located in the northwest edge of the Torbrit Deposit, 80 metres beyond the intercept in hole DV17-039, the results of which were announced in a News Release on 26 July 2017.

The 2017 exploration program is planned to consist of over 5,000 metres of diamond drilling in about 25 to 35 drill holes, with two thirds allocated to resource validation and expansion and one third allocated to reconnaissance drilling on targets beyond the current resource estimates. There are over 50 exploration targets on the property. Geological mapping, plus geophysical and geochemical surveys are also underway for both the main Dolly Varden Ag-Pb-Zn Project, as well as the adjacent Big Bulk Cu-Au Project.

“These are excellent high-grade intercepts in the Torbrit Deposit, which add to our understanding of the geometry and continuity of the deposit,” said Gary Cope, President and CEO of Dolly Varden.

  
   Dolly Varden Project - Torbrit Deposit Drilling 2017 - Holes DV17-040 to 043
Hole      Zone        From    To      Core    True   Ag     Pb   Zn   Ag-Eq 
                      (m)     (m)     Length  Width  (g/t)  (%)  (%)  (g/t) 
                                                                            
DV17-040  Upper       136.00  143.00  7.00    5.66   19.9   0.36 0.07 38.8  
            includes  142.00  143.00  1.00    0.81   57.0   1.19 0.07 110.9 
          Lower       187.50  200.05  12.55   9.89   514.3  0.09 0.04 520.2 
            includes  192.50  199.50  7.00    5.52   757.4  0.12 0.05 765.1 
            includes  194.50  196.50  2.00    1.58   949.0  0.17 0.06 959.3 
                                                                            
DV17-041  Upper       136.50  138.00  1.50    1.30   19.2   0.21 0.04 30.0  
          Lower       154.05  156.60  2.55    2.16   155.6  0.12 0.03 162.2 
            includes  155.00  156.60  1.60    1.36   212.6  0.07 0.02 216.6 
            includes  156.00  156.60  0.60    0.51   302.0  0.09 0.02 306.9 
                                                                            
DV17-042  Upper       169.55  178.10  8.55    6.05   50.0   0.18 0.81 100.6 
            includes  170.55  172.64  2.09    1.48   124.9  0.22 0.62 167.1 
            includes  170.55  171.50  0.95    0.67   191.0  0.15 0.95 247.3 
          Lower       202.00  213.70  11.70   8.27   204.3  0.11 0.07 212.7 
            includes  204.00  212.72  8.72    6.17   249.1  0.10 0.06 256.5 
            includes  208.55  210.68  2.13    1.51   598.8  0.07 0.05 604.5 
                                                                            
DV17-043  Upper       229.00  234.65  5.65    4.00   96.8   0.18 0.30 120.1 
            includes  229.65  233.65  4.00    2.83   121.3  0.17 0.31 144.8 
            includes  229.65  230.65  1.00    0.71   280.0  0.10 0.22 296.0 
                                                                            


  

Note: Ag-Eq = Ag + (Pb%*22.046*Pb price*31.103/Ag price) + (Zn%*22.046*Zn price*31.103/Ag price). Metal prices used for this formula: Ag = $US 16.25/oz, Pb = $US 1.00/lb, Zn = $US 1.25/lb. No provisions have been made for relative metal recovery, thus 100% recovery is used for the silver-equivalent values.

A drill hole location map of the Torbrit Deposit area is posted on the Dolly Varden Silver Corporation website at www.dollyvardensilver.com

About Dolly Varden

Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects, the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other, on-trend, high-grade deposits (Eskay Creek, Brucejack). The Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

The current mineral resource estimate at Dolly Varden, effective date August 27, 2015, consists of four deposits with an Indicated Resource of 3.07 million tonnes grading 321.6 g/t Ag, for 31.8 million ounces of silver, plus an Inferred Resource of 0.9 million tonnes grading 373.3 g/t Ag, for 10.8 million ounces of silver. These resources were estimated at a cut-off grade of 150 g/t Ag. For more details, please refer to a NI 43-101 compliant Technical Report filed on www.sedar.com and on the Company’s website.

Ben Whiting, P.Geo., Vice President of Exploration and Robert van Egmond, P.Geo., Chief Geologist for Dolly Varden, serve as ‘Qualified Persons’ under National Instrument 43-101, and have approved the scientific and technical information contained in this news release.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.

Disclaimer

© 2010 Junior Gold Report and TechMoney360

Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report’s and Tech Money 360’s Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360).  No Guarantee as to Content:  Although JGR/TM360 attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/TM360, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report and TechMoney360 sites or accept this email. Consideration for Services: JGR/TM360, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR/TM360 as such our opinions are biased. We may hold potions in and trade these stocks of the companies we profile and as such our opinions are biased. JGR/TM360 and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR/TM360 has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/TM360 aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR/TM360 is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/TM360 is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/TM360 may contain links to related websites for stock quotes, charts, etc. JGR/TM360 is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading and/or watching videos by JGR/TM360, you agree to hold JGR/TM360, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

 

 

 

 

Want the Best News?
Increase your wealth by staying informed:
Trend Alerts - Exclusive Articles - Videos
We respect your privacy.
RSS
Facebook
Instagram