Mike Fagan,
Editor
Sept. 12, 2022
Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF) — currently trading around C$0.58 per share — has added a fourth drill rig to its ongoing Kitsault Valley exploration drill program located in the prolific Golden Triangle of northwestern British Columbia.
The addition of the fourth rig — which is focused on exploration drilling just north of the Homestake Main resource area — comes on the heels of a recent highlight intercept of 414 grams per tonne silver over 50 meters at the Kitsol Vein.
Additionally, the Dolly Varden field team continues to report strong visual indications of mineralization in drill core and is thus expanding the program by 5,000 meters to a grand total of 35,000 meters.
Dolly Varden CEO Shawn Khunkhun commented via press release:
“Our expanded program will focus on four key areas, prioritizing step-out drilling at Wolf and Kitsol where visual intercepts of mineralization and assays received to-date, have been very encouraging. Additionally, geophysical surveys, surface sampling and mapping have developed multiple exploration drill targets that will be tested during our expanded program.”
DV’s newly-consolidated Kitsault Valley project hosts Indicated resources of 34.7 million ounces of silver and 166 thousand ounces of gold with additional Inferred resources of 29.3 million ounces of silver and 817 thousand ounces of gold.
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.
In total, the massive 163 sq km property hosts 7 deposits, four of which are being explored now. To date, over 25,000 meters of drilling in 80 drill holes has been completed.
With the addition of the fourth rig, the program is now on schedule to complete the full 35,000 meters by month’s end.
And that means speculators can expect a steady stream of drill core assays over the coming months with which to potentially move the needle higher.
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Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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