Dolly Varden drills 5.75 m of 731 g/t AgEq at Dolly
2017-09-27 08:10 ET – News Release
Mr. Gary Cope reports
DOLLY VARDEN CONTINUES TO RELEASE RESULTS FROM THE 2017 DRILLING PROGRAM, INCLUDING 5.75 METRES GRADING 731 G/T SILVER-EQUIVALENT
Dolly Varden Silver Corp. has released results from the sixth batch of drill holes from the 2017 program on the Dolly Varden silver project in the Golden Triangle of northwestern British Columbia.
Hole DV17-052, drilled in the Dolly Varden Deposit area, yielded a core length of 5.75 metres (5.66 m true thickness) grading Ag 521.0 g/t, Pb 0.82 % and Zn 3.33 % for a silver-equivalent of 730.8 g/t. Within this interval is 1.00 metres (0.98 m true thickness) grading Ag 1,190.0 g/t, Pb 0.78 % and Zn 3.07 % for a silver-equivalent of 1,384.9 g/t.
Most holes in this sixth batch are reconnaissance exploratory holes, including holes in the Western and Central Sectors. Reconnaissance drilling in the Western Sector was performed to test a different style of mineralization, along the gold belt extending southward from the neighbouring gold discoveries of Homestake Ridge, with geochemical soil and rock anomalies for gold and copper. In holes DV17-053 to 056, long intervals of anomalous (50 to 100 ppb gold) are present. Intervals greater than 200 ppb gold (0.2 g/t) are included in the table below. Further examination of the Western Sector is warranted.
” Our understanding of the various styles of mineralization continues to advance on the Dolly Varden property as a high-grade, target rich environment” said Gary Cope, President and CEO of Dolly Varden.
Dolly Varden Project - 2017 Drilling Program - Release Six Dolly Varden Deposit Area - Ag-Pb-Zn Hole Zone From To Core True Ag Pb Zn Ag-Eq1 (m) (m) Length Width (g/t) (%) (%) (g/t) DV17-049Dolly V 91.00 91.50 0.50 0.49 125.0 0.07 0.11 133.6 Note: Hole DV17-049 reached mineralization then terminated in an old mine working. DV17-050Dolly V 138.55 145.20 6.65 6.03 72.5 0.13 2.60 214.9 includes 138.55 140.50 1.95 1.77 205.3 0.09 0.33 226.4 includes 139.50 140.50 1.00 0.91 306.0 0.10 0.40 331.4 DV17-051Dolly V 195.22 203.65 8.43 7.64 10.3 0.14 2.97 172.8 includes 195.22 198.20 2.98 2.70 26.4 0.38 7.75 450.9 includes 197.20 198.20 1.00 0.91 49.6 1.08 9.28 584.4 DV17-052Dolly V 81.75 87.50 5.75 5.66 521.0 0.82 3.33 730.8 includes 82.75 86.75 4.00 3.94 631.3 1.06 4.21 898.3 includes 84.75 85.75 1.00 0.98 1,190.0 0.78 3.07 1,384.9 Central Sector Drilling Area - Ag-Pb-Zn Hole Zone From To Core True Ag Pb Zn Ag-Eq1 (m) (m) Length Width (g/t) (%) (%) (g/t) DV17-058Unnamed 71.90 73.00 1.10 0.90 30.6 0.04 0.09 36.9 Unnamed 88.00 93.30 5.30 4.34 87.2 0.03 0.14 96.1 includes 92.30 93.30 1.00 0.82 231.0 0.07 0.05 236.5 Unnamed 224.10 224.85 0.75 0.61 98.4 0.08 0.03 103.4 Note: The high-grade, deeper portion of hole DV17-058 was reported on 14 August 2017 DV17-059Unnamed 58.00 66.75 8.75 6.56 14.6 0.11 0.45 43.0 includes 66.05 66.75 0.70 0.53 75.4 0.10 1.23 144.5 Unnamed 85.90 88.00 2.10 1.58 152.0 0.07 0.09 159.5 includes 86.75 88.00 1.25 0.94 156.0 0.04 0.01 162.7 Unnamed 221.50 222.50 1.00 0.75 55.2 0.10 0.12 65.8 DV17-060Unnamed 67.00 69.00 2.00 1.50 148.0 0.11 0.13 159.7 Unnamed 74.00 74.80 0.80 0.60 134.0 0.05 0.10 141.4 Unnamed 160.25 163.75 3.50 2.63 117.1 0.04 0.03 120.1 includes 161.25 162.25 1.00 0.75 161.0 0.04 0.03 164.0 DV17-061No significant intercepts. Western Sector Drilling Area - Au-Cu-Ag Hole Zone From To Core True Ag Au Cu Au-Eq2 (m) (m) Length Width (g/t) (g/t) (%) (g/t) DV17-054Int-I 212.00 213.00 1.00 0.75 2.5 0.220 0.03 0.304 Int-II 331.40 332.85 1.45 1.09 3.6 0.401 0.03 0.487 Int-III 353.00 354.10 1.10 0.83 0.6 0.572 0.01 0.591 DV17-055Int-I 78.00 82.50 4.50 3.38 2.5 0.219 0.01 0.266 includes 78.00 79.50 1.50 1.13 4.0 0.350 0.02 0.427 DV17-056Int-I 13.35 15.53 2.18 1.64 4.4 0.230 0.01 0.244 includes 14.40 15.53 1.13 0.85 6.5 0.316 0.01 0.338 Int-II 45.40 51.10 5.70 4.28 5.6 0.286 0.03 0.344 includes 45.40 48.30 2.90 2.18 8.4 0.436 0.06 0.535 includes 46.90 48.30 1.40 1.05 12.2 0.589 0.11 0.760 Int-III 152.00 153.48 1.48 1.11 2.3 0.256 0.02 0.288 Int-IV 241.90 242.25 0.35 0.26 2.7 3.060 1.80 5.909 Int-V 266.08 268.25 2.17 1.63 0.8 0.409 0.43 1.097 includes 267.18 268.25 1.07 0.80 1.3 0.675 0.72 1.815
Note 1: Silver-Equivalent 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. Note 2: For the Western Sector gold-copper zones, Gold-Equivalent Au-Eq = Au + (Cu%*22.046*Cu price*31.103/Au price) + (Ag*Ag price/Au price). Metal prices used for this formula: Au = $US 1,300/oz, Cu = $US 3.00/lb, Ag = $US 16.25/oz. Note 3: 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 Western, Mine, and Central Sectors 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.
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