VANCOUVER, Dec. 4, 2017 /CNW/ - Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce results from the eighth batch of drill holes of the 2017 program on the Dolly Varden Silver Project in the Golden Triangle of northwestern British Columbia. This includes two more holes into the discovery of an eastern fault-offset continuation of the Torbrit Deposit called Torbrit East. In addition, a new zone named Beginners Luck marks a fourth discovery target for the year.
Hole DV17-078, drilled in the Torbrit East area, intercepted two zones, with the Upper Zone yielding a core length of 13.00 metres (9.96 m true thickness) grading Ag 244.8 g/t, Pb 0.14 % and Zn 0.09 % for a silver-equivalent of 255.7 g/t. Within this interval is 5.00 metres (3.83 m true thickness) grading Ag 481.9 g/t, Pb 0.21 % and Zn 0.12 % for a silver-equivalent of 497.3 g/t.
The Lower Zone in DV17-078 is more base metals rich. It yielded 21.95 metres (16.81 m true thickness) grading Ag 87.5 g/t, Pb 0.85 % and Zn 1.01% for a silver-equivalent of 176.3 g/t. Within this interval is 8.35 metres (6.40 m true thickness) grading Ag 121.6 g/t, Pb 1.79 % and Zn 2.33 % for a silver-equivalent of 320.1 g/t.
"Hole DV17-078 confirms the high-grade silver discovery in Torbrit East zone. The new discoveries in Torbrit North, Torbrit East and Moose Lamb have great potential for expansion of the existing resources in this historic mining district," said Gary Cope, President and CEO of Dolly Varden.
The intercept in hole DV17-078 represents the Dolly Varden-Torbrit Horizon (DVTH) style of mineralization, with a jasper and sulphides rich Upper Zone and a smoky quartz and sulphides rich Lower Zone. The fault-offset block for Torbrit East is approximately 60 metres higher and 70 metres east of the edge of the Torbrit Mine workings and outside of the current resource block model.
In addition, the Beginners Luck zone is a discovery of a new exploration target located approximately 1,500 metres north and 400 metres higher than the Torbrit Deposit. Its significance is in opening up a new area of the eastern side of the Kitsault Valley. A single drill hole, DV17-080 yielded 3.39 metres (2.94 m true thickness) grading Ag 110.4 g/t, Pb 0.04 % and Zn 0.06 % for a silver-equivalent of 115.6 g/t.
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Dolly Varden Project – 2017 Drilling Program – Release Eight |
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Central Sector Drilling Area – Ag-Pb-Zn |
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|
Hole |
Zone |
From |
To |
Core |
True |
Ag |
Pb |
Zn |
Ag-Eq1 |
|
(m) |
(m) |
Length |
Width |
(g/t) |
(%) |
(%) |
(g/t) |
||
|
DV17-073 |
Unnamed |
332.15 |
334.00 |
1.85 |
1.31 |
27.0 |
0.27 |
2.51 |
170.7 |
|
Includes |
332.15 |
333.15 |
1.00 |
0.71 |
36.9 |
0.38 |
3.46 |
235.2 |
|
|
DV17-075 |
Unnamed |
298.80 |
302.80 |
4.00 |
3.46 |
16.5 |
0.03 |
0.07 |
21.6 |
|
Includes |
301.80 |
302.80 |
1.00 |
0.87 |
21.6 |
0.03 |
0.05 |
25.3 |
|
|
DV17-077 |
Unnamed |
52.00 |
55.00 |
3.00 |
2.60 |
104.8 |
1.26 |
0.04 |
160.1 |
|
Includes |
53.50 |
55.00 |
1.50 |
1.30 |
162.0 |
2.04 |
0.06 |
251.1 |
|
|
Upper-T |
101.00 |
125.50 |
24.50 |
23.30 |
56.4 |
0.37 |
0.18 |
81.2 |
|
|
Includes |
106.00 |
110.50 |
4.50 |
4.28 |
172.9 |
0.96 |
0.41 |
234.9 |
|
|
Includes |
109.00 |
110.50 |
1.50 |
1.43 |
383.0 |
0.54 |
0.42 |
428.2 |
|
|
Lower-T |
132.60 |
145.80 |
13.20 |
12.55 |
32.8 |
0.12 |
0.09 |
42.5 |
|
|
Includes |
136.00 |
139.00 |
3.00 |
2.85 |
65.7 |
0.12 |
0.05 |
73.3 |
|
|
Includes |
138.50 |
139.00 |
0.50 |
0.48 |
148.0 |
0.39 |
0.11 |
170.2 |
|
|
Unnamed |
166.00 |
168.00 |
2.00 |
1.41 |
39.0 |
0.01 |
0.01 |
40.1 |
|
|
DV17-078 |
Upper-T |
121.00 |
134.00 |
13.00 |
9.96 |
244.8 |
0.14 |
0.09 |
255.7 |
|
includes |
127.00 |
132.00 |
5.00 |
3.83 |
481.9 |
0.21 |
0.12 |
497.3 |
|
|
includes |
127.00 |
130.30 |
3.30 |
2.53 |
646.6 |
0.30 |
0.15 |
667.3 |
|
|
includes |
128.00 |
128.50 |
0.50 |
0.38 |
1,330.0 |
0.58 |
0.34 |
1,372.5 |
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|
Lower-T |
138.40 |
160.35 |
21.95 |
16.81 |
87.5 |
0.85 |
1.01 |
176.3 |
|
|
includes |
151.00 |
159.35 |
8.35 |
6.40 |
121.6 |
1.79 |
2.33 |
320.1 |
|
|
includes |
151.00 |
154.00 |
3.00 |
2.30 |
217.7 |
4.36 |
3.79 |
601.7 |
|
|
includes |
152.50 |
153.00 |
0.50 |
0.38 |
888.0 |
16.45 |
5.40 |
1,867.0 |
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|
DV17-079 |
Unnamed |
303.60 |
305.85 |
2.25 |
2.17 |
15.1 |
0.07 |
0.29 |
33.6 |
|
Includes |
303.60 |
304.40 |
0.80 |
0.77 |
23.6 |
0.10 |
0.57 |
57.9 |
|
|
DV17-080 |
Unnamed |
90.45 |
91.00 |
0.55 |
0.48 |
43.3 |
0.05 |
0.05 |
48.2 |
|
Beginners |
120.28 |
123.67 |
3.39 |
2.94 |
110.4 |
0.04 |
0.06 |
115.6 |
|
|
Includes |
120.80 |
123.67 |
2.87 |
2.49 |
122.6 |
0.05 |
0.07 |
128.5 |
|
|
Includes |
120.80 |
121.40 |
0.60 |
0.52 |
167.0 |
0.03 |
0.03 |
170.0 |
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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: 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
Technical Information and Qualified Persons
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.
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. Since December 2016, Dolly Varden has been under the direction of new management provided by the experienced Belcarra Group Management Ltd. ("Belcarra Group"). The Belcarra Group is comprised of highly qualified mining and financial professionals.
Additional information about the Company and its activities may be found on the Company's website www.dollyvardensilver.com and under the Company's profile at www.sedar.com.
