Nov. 9, 2022
Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF) — currently trading around C$0.60 per share — has released additional assay results from its recently completed 37,000 meter drill program at the flagship Kitsault Valley silver-gold project located at the southern end of British Columbia’s Golden Triangle.
Highlights include 1,367 grams per tonne (g/t) silver over 1.5 meters within 12.51 meters grading 442 g/t silver at the Kitsol Vein. Numerous other high-grade silver intercepts were reported at various targets at Kitsault with significant results from other high-priority resource areas just around the corner.
Dolly Varden CEO Shawn Khunkhun — whom you’re about to hear from directly in our exclusive interview — commented via press release:
“In addition to discovery-focused exploration drilling, Dolly Varden Silver has been prioritizing resource expansion and upgrading at the Torbrit/Kitsol, Wolf, Homestake Main and Homestake Silver deposits. We continue to encounter wide, potentially bulk-mineable vein-hosted silver mineralization at Kitsol, and expect to announce significant drill results from the other resource areas in the next few weeks.”
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.
That equates to ~63 million ounces of silver and just under one million ounces of gold across all categories, or around 140 million ounces of silver equivalent — making it one of the largest high-grade undeveloped precious metals assets in Canada’s Golden Triangle.
The recently completed drill program spanned 37,000 meters across 108 drill holes with the majority of assays still to be reported.
That includes a key stepout hole that was drilled 350 meters from the main resource area at the Wolf Zone with results pending. A strong hit there could potentially double the known strike length at Wolf.
As you can see from the property map above, 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 the 100%-owned project.
With news flow about to pick up in a big way with numerous assays still to be reported, our own Gerardo Del Real of Junior Resource Monthly jumped at the opportunity to chat with Dolly Varden CEO Shawn Khunkhun about the newly released results and the impressive resource expansion well underway at Kitsault.
We hope you’ll enjoy the conversation.
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Editor, Resource Stock Digest