Mike Fagan,
Editor
Sept. 19, 2022
Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF) — currently trading around C$0.50 per share — continues to hit significant high-grade mineralization, via an ongoing 4-rig drill program, at the flagship, 100%-owned Kitsault Valley silver-gold project located in the southern tip of British Columbia’s Golden Triangle.
You may recall last month, the company reported a highlight intercept of 414 grams per tonne silver (g/t Ag) over 50 meters at the Kitsol Vein.
The DV team has now followed that up with an even higher-grade intercept of 584 g/t Ag over 20 meters at the Wolf Vein extension, including bonanza grade silver mineralization of 4,326 g/t Ag, 4.21% Pb, 1.36% Zn, and 1.00 g/t Au over 1.60 meters.
Based on the grade and strength of the mineralizing system, the company has prioritized continued step-out drilling at the Wolf Zone — towards the Kitsol Vein — for the remainder of the 2022 field season.
Dolly Varden CEO Shawn Khunkhun commented via press release:
“With an increase in vein intensity and silver grades, the Wolf Vein area is emerging as a large system, rivaling our Torbrit Deposit. With an established plunge length of over 500 meters from the historic underground workings, we are continuing to step out along this trend towards the Kitsol Vein, where we recently announced similar, high-grade mineralization over 1,400 meters away. The increasing gold and base metal content, in addition to the silver, is highly encouraging, as well as the significant widths that are potentially amenable to bulk underground mining techniques.”
As you can see from the property map below, the Wolf Zone is situated well north of the main Torbrit and Dolly Varden deposits and well south of the Homestake deposit area, which shows the true scale of the broader mineralized system being delineated at Kitsault.
Already, the newly-consolidated Kitsault Valley project hosts Indicated resources of 34.7 million ounces of silver and 166,000 ounces of gold with additional Inferred resources of 29.3 million ounces of silver and 817,000 ounces of gold.
To-date, results have been received for the first 6 exploration drill holes testing the Wolf Vein extension with assays pending on hole DV22-316, which encountered strong veining, alteration, brecciation, and an occurrence of visible gold over 200 meters away from hole DV22-300.
With the addition of the fourth rig last week, the program is now on schedule to complete the full 35,000 meters — which, by the way, is a large drill program for a junior explorer — by month’s end. And that means there’s plenty of news ahead for Dolly Varden stakeholders.
If you haven’t done so already, you can check out more on Dolly Varden Silver here, and, while there, be sure to join the company’s VIP list to receive news and updates directly from the company.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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