Mike Fagan,
Editor
Dec. 5, 2022
Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF) — currently trading around C$0.80 per share — is gaining upward momentum via both the drill bit and in terms of its share price as more positive drill results are released from its flagship, 100%-owned Kitsault Valley silver-gold project located in British Columbia’s Golden Triangle.
The most recent results are from the Homestake Ridge Deposit area and include 27.44 grams per tonne (g/t) gold and 463 g/t silver over 9.16 meters, including 75.13 g/t gold and 2,337 g/t silver over 1.77 meters.
The results are primarily infill drilling from areas of Current Inferred Mineral Resources and suggest that the higher-grade gold-silver lenses may be continuous over more extensive areas than previously interpreted.
Dolly Varden CEO Shawn Khunkhun commented via press release:
“Our 2022 drill program has truly been exceptional. The recently acquired Homestake Ridge Deposit has delivered more high-grade gold and silver values, commonly with strong copper mineralization. These intercepts demonstrate strong continuity of mineralization over wide intervals, similar to the recently announced high-grade results at the Wolf and Kitsol Deposits, located six kilometers to the south. We eagerly anticipate additional assays from all of Dolly Varden's Deposits, as well as new exploration targets drilled during the 2022 program.”
Dolly’s newly-consolidated Kitsault Valley Project currently 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 within a 163 sq km land package.
That equates to 64 million ounces of silver and just under one million ounces of gold across all categories — making it one of the largest high-grade undeveloped precious metals assets in the Golden Triangle.
The company is aiming to expand the known deposits at Kitsault — of which there are currently seven — all of which remain open at-depth and along strike.
In addition to Homestake Ridge, much of the drilling focus for 2022 has been on the Wolf Deposit area where the company has successfully more than doubled the strike length through wide-spaced step-out drilling.
The company has approximately 50 additional assays pending from its recently completed 4-rig, 35,000-meter program, including a highly-anticipated 200 meter step-out at Wolf.
Dolly Varden Silver has also released a short video of CEO Shawn Khunkhun discussing the vital importance of advancing a high-grade silver-gold project of this magnitude within the safe mining confines of British Columbia, Canada, along with his ambitious plans for the project. Please enjoy!
Mike Fagan
Editor, Resource Stock Digest