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Dolly Varden drills 5.75 m of 731 g/t AgEq at Dolly

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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.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.

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