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Dolly Varden Silver Junior Mining Precious Metals

Dolly Varden Silver Intersects 27.44 g/t Au and 463 g/t Ag over 9.16m, Including 75.13 g/t Au and 2,337 g/t Ag over 1.77m at Homestake Ridge

Dolly Varden Silver, Proven and Probable

Vancouver, British Columbia–(Newsfile Corp. – November 29, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce drill results from the 100%-owned Homestake Ridge property in BC’s Golden Triangle. The objective of drilling during 2022 at the Homestake Main and Homestake Silver deposits was to expanded multiple, subparallel mineralized zones and to upgrade Inferred Resources.

Highlights include (intervals shown are core length):

  • HR22-314: 4.27 g/t Au and 64 g/t Ag (5.10 g/t AuEq*) over 16.06 meters including 18.76 g/t Au and 193 g/t Ag (21.49 g/t AuEq*) over 3.08 meters
  • HR22-322: 6.47 g/t Au and 27 g/t Ag (5.83 g/t AuEq*) over 6.00 meters
  • HR22-325: 7.18g/t Au and 30 g/t Ag, 0.49% Cu (8.26 g/t AuEq*) over 10.00 meters including 20.20 g/t Au and 68 g/t Ag (21.13 g/t AuEq*) over 1.47 meters
  • HR22-328: 27.44 g/t Au and 463 g/t Ag (33.34 g/t AuEq*) over 9.16 meters including 0.50 meters 216.00 g/t Au and 113 g/t Ag, 0.48% Cu (218.06 AuEq*) over 0.50 meters
  • HR22-330: 5.68 g/t Au and 147 g/t Ag (7.48 g/t AuEq*) over 15.00 meters, including 54.10 g/t Au, 4,890 g/t Ag and 0.11% Cu (113.25 g/t AuEq*) over 0.39 meters
  • HR22-337: 3.79 g/t Au and 2 g/t Ag (3.84 g/t AuEq*) over 21.00 meters including 11.15 g/t Au and 5.00 g/t Ag (11.22 AuEq*) over 2.00 meters
  • HR22-339: 14.56 g/t Au and 4.00 g/t Ag (14.63 g/t AuEq*) over 2.50 meters

“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,” said Shawn Khunkhun, President and CEO.

These 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. In addition, the drilling has generated new targets down-dip the Homestake Main deposit along the projected plunge of the higher grade shoots that are wide open for expansion. Oriented core was used on all drill holes on the project and this detailed structural data is also being integrated in to the geological model to further increase confidence. Additional assays from the Homestake Main and Silver Deposits are pending

Complete Assay results for the first batch of drilling results at Homestake Main are in Table 1.



Figure 1. Location along Dolly Varden’s Kitsault Valley trend of Deposits

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/1728/145912_57ede328c413fba7_002full.jpg

The Homestake Ridge deposits are interpreted as structurally-controlled, multi-phase epithermal vein and breccia system hosted in Jurassic aged Hazelton Volcanic rocks. Mineralization consists of pyrite and chalcopyrite in a breccia matrix within a silica breccia vein system (see Figure 2). The northwest orientation of the main Homestake structural trend appears to have numerous subparallel internal structures that are interpreted to form the controls for higher grade gold shoots within a broader low grade zone at the Homestake Main deposit. The main structural corridor dips steeply to the northeast (see Figure 3 and 4).



Figure 2. Drill hole HR22-330 from the Homestake Main deposit showing breccia vein style mineralization.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/1728/145912_57ede328c413fba7_003full.jpg



Figure 3. Homestake Plan View with Current Mineral Resource block model, primarily of Inferred Classification

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/145912_57ede328c413fba7_004full.jpg



Figure 4. Homestake Main Cross Section (A-B) with 2022 and previous drill holes

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/145912_57ede328c413fba7_005full.jpg

Table 1. Completed Drill Hole Assays from the Homestake Main Deposit

Hole IDFrom (m)To
(m)
Length (m)Au
(g/t)
Ag
(g/t)
Cu
(%)
AuEq*AgEq*
HR22-313107.00148.0041.000.85120.101.1393
including125.08127.001.923.1342NSV3.64300
including141.00146.105.103.10110.724.28353
HR22-314149.66165.7216.064.2764NSV5.10421
including159.92163.003.0818.761930.2821.491,773
and168.23169.190.9610.55504.1417.171,417
HR22-315174.70175.220.522.07251.374.36360
HR22-316124.00152.5028.500.883NSV0.9780
including142.50144.001.502.473NSV2.58213
including150.00151.501.503.11130.493.97328
HR22-317200.00205.005.000.25NSVNSV0.0321
and232.00235.603.600.21NSVNSV0.2117
HR22-318129.00181.0052.001.1923NSV1.54127
including148.88149.380.5019.9019900.3944.473,669
including152.00160.208.202.5780.192.95243
including172.00177.005.003.2330.093.39280
HR22-319200.34207.006.661.163NSV1.26104
HR22-320108.50125.5017.000.836NSV0.9175
including123.87124.600.735.9817NSV6.21512
HR22-321179.00192.0013.001.1640.121.38114
including189.00190.551.555.18100.155.52455
HR22-32283.00143.1260.121.6921NSV2.01166
including113.00119.006.006.4727NSV6.83563
including134.13138.714.585.23170.506.15508
HR22-323190.30222.0031.700.9160.371.52125
including198.00203.005.002.3650.082.53208
including207.60209.561.960.49373.506.03497
including214.00214.550.550.52161.973.57295
HR22-325174.00201.0027.003.11120.203.54292
including174.00184.0010.007.18300.498.26681
including175.00175.500.5018.00231.9221.061,738
including177.30177.800.5015.60922.9521.001,733
including180.00181.471.4720.20680.0821.131,743
HR22-327217.28227.5010.221.01171.433.29271
including220.75223.232.482.15353.988.36689
and231.00274.0043.000.3550.100.5646
including248.55251.482.931.85651.134.28353

Table 1 con’t. Completed Drill Hole Assays from the Homestake Main Deposit

Hole IDFrom (m)To
(m)
Length (m)Au
(g/t)
Ag
(g/t)
Cu
(%)
AuEq*AgEq*
HR22-328160.81169.979.1627.444630.2133.342,751
including163.13164.901.7775.1323370.23103.668,552
including168.00168.500.50216.001130.48218.0617,991
HR22-330111.00126.0015.005.68147NSV7.48617
including112.00112.390.3954.1048900.11113.259,344
including116.30116.690.3974.8020NSV75.056,192
including118.00118.810.8133.8014NSV33.982,803
and131.00143.0012.000.248NSV0.3831
HR22-331101.00113.0012.000.9263NSV1.70140
including111.00111.800.809.432240.1012.271,013
and130.00144.0014.001.0250.151.30107
including134.10134.820.7211.95702.4516.361,349
HR22-334123.00154.6131.611.75150.272.32191
including131.00139.208.203.66300.274.42364
including131.00132.001.007.671980.0410.11834
including138.70139.200.5019.55504.2626.352,174
including145.13147.392.265.38191.097.19593
including152.06152.410.356.92487.2718.071,491
HR22-335177.00202.5525.550.551NSV0.5747
including184.50190.005.501.401NSV1.42117
and220.00245.5025.500.342NSV0.4335
HR22-337145.00175.8430.842.742NSV2.79230
including151.00172.0021.003.792NSV3.84317
including151.00152.641.6412.904NSV12.951,069
including161.00163.002.0011.155NSV11.22926
including171.00172.001.006.583NSV6.65548
HR22-339148.25172.5024.252.332NSV2.37195
including156.50159.002.5014.564NSV14.631,207
including156.50157.501.0033.407NSV33.522,765
and164.75165.600.855.053NSV5.11422

*AuEq and AgEq are calculated using $US1650/oz Au, $US20/oz Ag, $US3.50/lb Cu

**Estimated true widths vary depending on intersection angles and range from 80% to 90% of core lengths

Table 2. Drill Hole Collars for 2022 Homestake Main Deposit Drilling

Hole IDEasting
UTM83 (m)
Northing
UTM83 (m)
Elev.
(m)
AzimuthDipLength
(m)
HR22-3134630026179472954225-47201.00
HR22-3144630506179452956226-50180.00
HR22-3154630506179452956226-59228.00
HR22-3164630026179472954225-57201.00
HR22-3184630026179472954245-50207.00
HR22-3174630506179452956226-68237.00
HR22-3194630506179452956250-68237.00
HR22-3204629566179462956225-45165.00
HR22-3214631136179429953229-53210.00
HR22-3224629566179462956225-60180.00
HR22-3234631136179429953229-62231.00
HR22-3254631326179416949228-51220.00
HR22-3274631326179416949228-70276.00
HR22-3284630526179417973225-68255.00
HR22-3304630526179417973225-59220.00
HR22-3314630526179417973220-50216.00
HR22-3344630896179383982230-58250.00
HR22-3354629656179544922250-54252.00
HR22-3374629376179513935225-50192.00
HR22-3394629376179513935215-65210.00

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed to 70% minus 2mm (10 mesh), of which a 500 gram split is pulverized to minus 200 mesh. Multi-element analyses were determined by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.

Qualified Person

Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/145912

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Energy Exclusive Interviews Junior Mining

Dolly Varden Silver – Wolf Deposit Strike Length Doubled

Dolly Varden Silver, Proven and Probable

Shawn Khunkhun the CEO of Dolly Varden Silver, sits down with Proven and Probable as the company has just surpassed another significant milestone: Dolly Varden Silver Intersects 1,049 g/t Ag over 3.60m in 200m down plunge step-out plus 1,646 g/t Ag over 2.15m in 400m down dip test at Wolf

Dolly Varden Silver Corp: (TSX.V: DV | OTCQX: DOLLF)
Website: https://www.dollyvardensilver.com/
Fact Sheet: https://dollyvardensilver.com/wp-content/uploads/2022/10/factsheet-powerpoint-2022-10-21.pdf
Corporate Presentation: https://dollyvardensilver.com/wp-content/uploads/2022/11/DV-corp-deck-2022-11-21.pdf
Email: info@dollyvardensilver.com
Phone: 604-602-1440

Bob Moriarty: Dolly Varden is Silver 

Special Thanks to Chris Marcus of Arcadia Economics: https://arcadiaeconomics.com/

The Best Video on Why and When to Buy and Sell Physical Precious Metals:

Proven and Probable
Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments, The Only Online Dealer that is Licensed and Bonded (Period)! Where we provide unlimited options to expand your precious metals portfolio, from

Website | www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/

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Energy Junior Mining Precious Metals

Dolly Varden Silver Intersects 1.50m of 1,367 g/t Ag within 12.51 meters Grading 442 g/t Ag at Kitsol Vein

Vancouver, British Columbia–(Newsfile Corp. – November 7, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce results from drilling at the Torbrit Resource area, including infill and step-out drilling within the Kitsol Vein zone.

The high-grade, potentially bulk-mineable Kitsol Vein continued to deliver outstanding, contiguous silver and base metal mineralization, where DV22-291 intersected 12.51m (8.88m true width) averaging 442 g/t Ag, 0.68% Pb and 0.42% Zn, including of 1,367 g/t Ag over 1.50m (1.07m true width), as an up-dip infill hole from previous high-grade intercepts.

Highlights include:

  • DV22-289: 979 g/t Ag over 0.49 meters true width, step out at Torbrit Main
  • DV22-291: 442 g/t Ag over 8.88 meters true width, infill at Kitsol
  • DV22-298: 372 g/t Ag over 10.78 meters true width, up-dip extension at Kitsol
  • DV22-308: 297 g/t Ag over 6.59 meters true width, step out at Torbrit Main
  • DV22-312: 585 g/t Ag over 3.30 meters true width, step out at Torbrit Main

“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,” said Shawn, Khunkhun, President and CEO.

The 2022 exploration drill program on the Kitsault Valley trend has completed 37,061m in 108 drill holes. Drilling wrapped up in mid-October, with the majority of assays still pending. Additionally, ground geophysics, surface mapping and prospecting work were completed, evaluating historic prospects and identifying new silver and gold occurrences.

Torbrit Main and North Deposits consist of distinctive stratabound silver mineralization associated with a high potassium and coincident sodium depletion alteration signature. Layers consist of red jasper with bladed crystal growths after barite later replaced by silica. Relatively quick capping of the system by volcanic activity caused an overprinting of epithermal brecciation and veining which further augmented the silver grades within the deposit area.



Figure 1. Drill hole DV22-308 from Torbrit Main showing typical red jasperoid stratabound mineralization with epithermal overprint carrying higher silver grades

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_002full.jpg.

The main focus of Torbrit step out drilling at the Torbrit Main Deposit targeted the southern limits of the current Mineral Resource. Drill holes were oriented to step-out from, as well as infill areas of modelled inferred resources (see Figure 3). The Torbrit horizon was intersected in all expansion holes; future infill drilling programs will target high grade shoots within the lower grade horizon, which were commonly encountered in historic mining at the Torbrit, Wolf and Dolly Varden deposits.



Figure 2. Location along the Kitsault Valley trend

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_003full.jpg.

The Kitsol Vein is considered part of the epithermal, structurally controlled system that over printed the stratabound layers. Mineralization consists of pyrargerite (ruby silver), argentite and native silver in a silica breccia vein system. The northeast/southwest orientation of the vein and nature of the high grade silver plunge is similar to what is developing at the Wolf deposit 1.4km to the north (see figure 2).

Drilling during the 2022 season at Kitsol has encountered wide, high grade silver mineralization, commonly with overprinting high-grade vein shoots within wide vein sets. Previously reported step-out drill hole DV22-283 that intersected 50.18m (~30.0m true width) averaging 414 g/t Ag (see news release August 10, 2022) suggest multiple high-grade, steeply plunging yet wide silver shoots that extend to surface, as demonstrated by up-dip hole DV22-298 which intersected 21.55m (10.78m true width) grading 372 g/t Ag (see Figure 5). Additional results from step-out drill holes testing deeper, down plunge mineralization from DV22-283 at the Kitsol Vein are pending.



Figure 3. Plan map, Torbrit Resource Area with 2019 resource block model. Yellow/orange blocks indicates targeted expansion areas of Inferred and exploration potential respectively.

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_004full.jpg.



Figure 4. Geological Cross Section (A-B) of southern Torbrit deposit with 2019 modelled mineralized envelope in red and 2022 drilling with mineralized intercepts as pink lithology

To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_005full.jpg.



Figure 5. Kitsol vein long section highlighting six 2022 infill and expansion drill holes that define a steep plunge to high-grade silver mineralization. Section view looking Northwest.

To view an enhanced version of Figure 5, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_006full.jpg.

Table 1. Drill hole assays for Torbrit Deposit Area (including Kitsol Vein zone as noted).

Hole IDFromToCore
Length
(m)
True
Width
(m)*
Ag
(g/t)
Pb
(%)
Zn
(%)
Au
(ppm)
AgEq**
(g/t)
DV22-282
(Kitsol)
175.38179.053.672.832100.480.110.04232
DV22-284111.33112.971.641.31500.586.10NSV299
and114.43115.511.080.861290.161.45NSV189
and125.32128.853.532.82270.113.440.06165
DV22-286
(Kitsol)
173.54174.500.960.581410.810.550.15200
and177.00183.956.954.171880.240.160.09209
including178.80179.530.730.444480.150.180.16473
including181.92182.420.500.305640.290.110.39609
DV22-287176.00177.001.000.90NSVNSV1.69NSV64
DV22-28911.4912.000.510.499790.370.16NSV996
DV22-291
(Kitsol)
120.19132.7012.518.884420.260.31NSV462
including120.19120.720.530.381441.211.330.05236
including125.50127.001.501.0713670.220.17NSV1380
DV22-29019.2119.940.730.704060.170.13NSV416
DV22-292NSV
DV22-29388.3491.803.463.431360.050.02NSV138
including90.7791.801.031.021660.080.03NSV170
DV22-295
(Kitsol)
145.90152.006.103.481450.850.36NSV185
including147.40151.003.602.051660.230.33NSV186
and240.50241.000.500.292300.020.010.01232
DV22-298
(Kitsol)
25.4547.0021.5510.783720.680.42NSV409
including27.7934.566.773.397851.590.64NSV858
including27.2528.851.600.805175.482.40NSV777
including29.5030.501.000.5010540.500.21NSV1077

*Calculated true widths vary depending intersection angles and range from 50% to 100% of intersection lengths
**AgEq is calculated using $US1650/oz Au, $US20/oz Ag, $US0.90/lb Pb and $US1.10/lb Zn

Table 1 con’t. Drill hole assays for Torbrit Deposit Area (including Kitsol Vein zone as noted).

Hole IDFromToCore
Length
 (m)
True
Width
(m)*
Ag
(g/t)
Pb
(%)
Zn
(%)
Au
(ppm)
AgEq**
(g/t)
DV22-29681.0082.251.250.891191.150.27NSV165
and85.0588.503.452.451301.310.41NSV186
and90.0091.001.000.71981.280.35NSV151
and108.40115.607.205.11601.440.67NSV130
and124.25125.401.150.822740.050.43NSV292
DV22-297NSV
DV22-29919.4523.003.553.121660.030.06NSV169
and30.5031.000.500.445173.160.09NSV618
and52.3552.830.480.422672.290.07NSV341
and74.7375.480.750.662420.260.10NSV254
and107.12112.004.884.291680.150.50NSV192
and122.87123.530.660.581990.250.19NSV214
DV22-301127.50129.001.500.663700.550.15NSV393
and163.30164.160.860.381530.260.200.01168
including173.16173.950.790.352350.220.16NSV248
DV22-303150.91154.853.943.433250.420.060.30340
DV22-305157.00159.262.262.211680.210.05NSV176
and170.05170.550.500.492830.050.02NSV285
DV22-306114.00117.413.413.411320.400.640.01170
and119.00123.504.504.501660.120.560.02193
and148.00151.443.443.441910.060.030.01194
and155.00159.004.004.001450.180.090.01155
DV22-308146.18154.528.346.592971.250.47NSV354
including149.75152.282.532.007731.290.68NSV839
DV22-309126.62128.581.961.841930.480.030.01210
DV22-310NSV
DV22-31260.0063.303.303.305850.020.06NSV588
including60.0061.131.131.1310500.020.06NSV1053
and105.25108.623.373.371590.130.04NSV165
DV22-31380.0081.101.101.101580.010.30NSV169
and105.00106.671.671.671600.300.09NSV173

*Calculated true widths vary depending intersection angles and range from 50% to 100% of intersection lengths
**AgEq is calculated using $US1650/oz Au, $US20/oz Ag, $US0.90/lb Pb and $US1.10/lb Zn

Table 2. Drill hole locations.

Hole IDZoneEasting
UTM83 (m)
Northing
UTM83 (m)
Elev. (m)AzimuthDipLength
 (m)
DV22282Kitsol4675436172134404118-45214.00
DV22286Kitsol467543617213440490-58438.00
DV22284Torbrit467833617163934928-59472.35
DV22287Torbrit467833617163934928-88215.00
DV22289Torbrit468026617133435250-6890.00
DV22290Torbrit468026617133435250-69165.00
DV22291Kitsol4675716172168394100-50300.00
DV22295Kitsol4675716172168394100-60339.00
DV22292Torbrit468040617128735855-45129.00
DV22293Torbrit468405617130964970-50137.00
DV22296Torbrit468405617130964945-65150.00
DV22297Torbrit468405617130964945-80201.00
DV22299Torbrit468405617130964915-50183.00
DV22298Kitsol4676276172140371115-65121.00
DV22301Torbrit468330617140564345-82237.00
DV22303Torbrit4683266171329605120-83216.00
DV22305Torbrit4683266171329605200-80216.00
DV22306Torbrit468221617139054945-55216.00
DV22308Torbrit468221617139054950-80219.00
DV22309Torbrit468228617126352235-60177.00
DV22310Torbrit468228617126352235-78201.00
DV22312Torbrit468320617121656845-58150.00
DV22313Torbrit468320617121656845-75150.00

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed and a 500 gram split is pulverized to minus 200mesh. Multi-element analyses were determined by Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.

Qualified Person

Rob van Egmond, P.Geo. Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143231

Categories
Energy Junior Mining Precious Metals Uncategorized

Dolly Varden Silver Intersects 1.60 meters of 4,326 g/t Ag, 4.2% Pb, 1.4% Zn and 1.0 g/t Au within 19.85 meters Averaging 584 g/t Ag at Wolf Vein Extension

Vancouver, British Columbia–(Newsfile Corp. – September 13, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce results from drilling at the Wolf Vein, including step-out hole DV22-300 which returned a significant, high-grade silver intercept. Based on the grade and strength of the mineralizing system, the Company has prioritized continued step-out drilling at Wolf during for the remainder of the 2022 season.

DV22-300 encountered a wide interval of multi-phase veins and breccia, intersecting 19.85m (13.90m true width) averaging 584 g/t Ag, 0.92 %Pb, 0.56% Zn and 0.19 g/t Au, with bonanza grade silver mineralization grading 4,326 g/t Ag, 4.21% Pb, 1.36% Zn and 1.00 g/t Au over 1.60m (1.12m true width) within a sulphide and silver sulphosalt matrix vein breccia in the main veined interval.



Figure 1. Kitsault Valley trend and mineral deposits

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/136919_ad8a8710944e89e1_002full.jpghttps://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522hashtag%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522wiki_topics%2522%253A%2522Company%253BBreccia%253BDrilling%2522%252C%2522lmsid%2522%253A%2522a0V0W00000HOPDcUAP%2522%252C%2522revsp%2522%253A%2522newsfile_64%2522%252C%2522lpstaid%2522%253A%2522edcf1f2a-bcfa-39ba-b8d2-b5dc80848c6b%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

“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,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.

The mineralized interval in DV22-300 is a southwesterly step-out along strike and down dip from DV21-273, which returned 17.50m averaging 214 g/t Ag and 0.47% Pb including 1.22 m averaging 1,532 g/t Ag, 0.44 g/t Au, 2.11 % Pb and 1.07% Zn (see Dolly Varden news release, December 20, 2021) and projects as a mineralized shoot over 55m down plunge from DV21-273. High-grade silver in DV22-300 occurs within a very strong, multiphase vein and breccia system that also includes significant gold and base metal mineralization.



Figure 2. Wolf Vein Longitudinal Section

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/136919_ad8a8710944e89e1_003full.jpg

The strength of the mineralizing system, as well as silver and potentially gold appears to be increasing at depth and to the southwest; assays are pending for DV22-316, which encountered strong veining, alteration, brecciation and one occurrence of visible gold over 200m away from DV22-300 (see Figure 2). All of these drill holes tested below the Upper Hazelton sediment cap with associated strong potassic alteration; this trend continues south for 1,400 m to the Kitsol Vein (see Figure 1).



Figure 3. Geological Cross Section of Wolf Vein. 25 meter window width looking northwest. DV22-194 is same dip as DV22-300 approximately 30m off section.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/136919_ad8a8710944e89e1_004full.jpg

The Wolf Vein is a steep dipping, high-grade silver vein deposit that is part of the current Mineral Resource Estimate at Dolly Varden’s Kitsault Valley trend. In 2021, geological modelling of the deposit showed expansion potential along strike to the southwest below the sediment cap that masks surface expression of the vein mineralization and associated alteration. With the discovery that the system continued to the southwest over 8,000m of follow up drilling has been completed thus far during the 2022 exploration program. This drilling has defined high grade silver mineralization to a depth of 500m below surface and extended the zone over 350m down plunge from historic drilling and over 500m from the historic underground workings.

Results have been received for the first six exploration drill holes testing the Wolf Vein extension. All holes were drilled from the same pad with varying azimuths and dips (see Table 2). These drill holes tested below the Upper Hazelton sediment cap and have encountered a robust, multi-phase vein and breccia mineralizing system that remains wide open along strike to the south and down dip. The associated strong potassic alteration, a key indicator for silver mineralization at the Kitsault Valley Project, continues below the sediment cap and south for 1,400m to the Kitsol Vein. All holes drilled during 2022, except DV22-280, intersected the extension of the Wolf Vein, suggesting a plunge at approximately 45 degrees to the southwest. DV22-280 came out of the sediment cap into the footwall of the vein. Drill hole DV22-281- intersected impressive base metal values in addition to silver: 3.75m (2.43m true width) averaging 170 g/t Ag, 6.25% Pb, 14.12% Zn. In drill holes that hit the Wolf vein outside of the interpreted plunge of the high-grade silver zone, significant lead and zinc intervals are present.

Mineralization at the Wolf Vein consists of multiple epithermal silica vein and brecciation events along a NE trending, steeply NW dipping zone (Figures 4 and 5). Silver mineralization includes: silver sulphosalts, tennantite, argentite and argentiferous galena hosted in vein and vein breccia mineralization.



Figure 4. DV22-300 mineralized interval of multi-phase quartz vein and vein breccias

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/136919_ad8a8710944e89e1_005full.jpg



Figure 5. quartz vein brecciation with sulphide and sulphosalt matrix

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Table 1. Complete drill hole assays.

Hole IDFromToTotal (m)Approx True Width (m)Ag (g/t)Pb (%)Zn (%)Au (g/t)*Ag Eq
(g/t)
DV22-280220.90223.903.002.40840.020.020.0389
including220.90222.051.150.921380.030.040.07146
DV22-281354.25371.0016.7510.89871.563.620.02274
including355.55358.573.021.961820.351.040.02233
including367.25371.003.752.431706.2514.120.06903
DV22-285424.75436.0011.256.75NSV0.130.510.0430
including425.25425.750.500.30171.091.290.01101
including432.00432.930.930.56NSV0.162.760.46152
and452.59485.8433.2519.95NSV0.100.28NSV29
including458.00459.251.250.75420.471.08NSV98
including483.36484.461.100.662440.801.410.02323
and540.00541.401.400.84NSV0.172.520.12112
DV22-288475.40476.801.400.77NSV0.161.280.0156
and515.70526.6510.956.02100.710.66NSV59
including516.20517.000.800.44161.060.240.0158
including522.00523.001.000.5560.731.320.0281
including525.15526.651.500.83262.802.140.05198
and569.00569.800.800.44271.561.39NSV128
and587.40589.001.600.8860.251.150.0158
DV22-294343.40346.803.402.38180.350.84NSV62
including346.30346.800.500.35781.723.050.02249
and351.60354.653.052.141280.732.040.01229
including351.60353.101.501.052260.971.720.02322
DV22-300325.50345.3519.8513.905840.920.560.19649
including342.00343.601.601.1243264.211.361.004590
and353.25354.701.451.023470.650.530.10395

*AgEq was calculated using $US1650/oz Au, $US20/oz Ag, $US0.90/lb Pb and $US1.10/lb Zn

Table 2. Drill hole collar locations and orientations

Hole IDEasting UTM83 (m)Northing UTM83 (m)Elev. (m)AzimuthDipLength (m)
DV222804670896173630388120-45392.00
DV222814670896173630388120-65495.00
DV222854670896173630388120-70573.00
DV222884670896173630388120-73720.00
DV222944670896173630388110-60423.00
DV223004670896173630388129-60396.00

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed and a 500 gram split is pulverized to minus 200mesh. Multi-element analyses were determined by Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.

Qualified Person

Rob van Egmond, P.Geo. Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136919

Categories
Junior Mining Precious Metals

Dolly Varden Silver Expands Drill Program and Adds Fourth Drill Rig

Vancouver, British Columbia–(Newsfile Corp. – September 7, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce that a fourth drill rig has been added to the ongoing Kitsault Valley exploration drill program located in the Golden Triangle of northwest BC. Additionally, based on encouraging visual results, the program has been expanded to include an additional 5,000m of drilling bringing the total planned program to 35,000m.

“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,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.

The additional drilling will be allocated to follow up on exploration success at multiple zones and to test new exploration targets in four key areas:

  • Continued step-out drilling at the Wolf Deposit where drilling has extended vein mineralization 175m along strike and to a depth of 500m beneath the sediment cover and remains wide open for expansion.
  • Follow-up drilling to test down-plunge expansion of the mineralization at Kitsol, where drill hole DV22-283 intersected 414 g/t Ag over 50.18m (30.11m true width)(news release, August 10, 2022).
  • Drill testing several new chargeability anomalies along the western Red Point gold belt recently identified from an Induced Polarization (IP) ground geophysical survey.
  • Additional Resource Expansion holes to the north of the Homestake Main Deposit

Over 25,000m of drilling in 80 drill holes has been completed to date with three drills. With the addition of the 4th drill, the program is on schedule to drill a total of 35,000m by the end of September 2022.

Initial Drilling at the Wolf Vein followed up on the 2021 intercept of 17.50m averaging 214 g/t Ag and 0.47% Pb including 1.22 m averaging 1,532 g/t Ag, 0.44 g/t Au, 2.11 % Pb and 1.07% Zn (news release, December 20, 2021) and associated alteration underneath the central valley sediment cap has encountered a robust mineralizing system that has been drilled so-far to a depth of 500m and along strike an additional 175m to the southwest. The system remains open thus far and is interpreted to be getting wider closer to the center of the valley fold axis and geophysical anomalies. Assays are currently pending for Wolf Zone drilling.

At the Red Point Prospect, surface grab samples of high level vein float returned 6,280g/t Ag and 106 g/t Ag with 5.82 g/t Au. A subsequent IP line completed by Simcoe Geoscience using their Alpha Wireless Time Domain Distributed IP technology crossed over the zone of veining and shows a strong Chargeability anomaly indicative of sulphides approximately 200m below surface with narrow extensions up to surface where the float samples were collected.


 
2D IP Chargeability Model
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/136214_05d5ce21d412a8ee_002full.jpg

Dolly Varden’s initial program includes 99 drill holes planned in the phase I program. Resource upgrade and down plunge expansion drilling is underway at the Homestake Ridge Deposit with three drills. The fourth drill is performing exploration drilling north of the Homestake Main resource area, testing the projection of the mineralized structures up to 500m north of the deposit.

The Kitsault Valley Project combined current mineral resource estimate contains 34.7 million ounces of silver and 166 thousand ounces of gold in the Indicated category and 29.3 million ounces of silver and 817 thousand ounces of gold in the Inferred category within a 163 square km consolidated land package.

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed and a 500 gram split is pulverized to minus 200mesh. Multi-element analyses were determined by Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.

Qualified Person

Rob van Egmond, P.Geo. Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136214

Categories
Energy Junior Mining Project Generators

Dolly Varden Intersects 50.2 Meters of 414 g/t Silver in Step-Out Drilling at Kitsol Vein

Vancouver, British Columbia–(Newsfile Corp. – August 10, 2022) – Vancouver, BC: Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce significant results from drilling at the Kitsol Vein located near the historic Torbrit Mine on the Company’s Property in northwest BC.

Highlights from drill hole DV22-283 include:

  • 50.18m (~30.0m true width) averaging 414 g/t Ag
  • Including 7.15m (4.29m true width) averaging 646 g/t Ag
  • Including 11.74m (7.04m true width) averaging 658 g/t Ag
  • Including 5.34m (3.20m true width) averaging 801 g/t Ag

Drill hole DV22-283 is a 25m step-out along strike and down dip of high grade silver mineralization zone within the Kitsol Vein and suggests that thickness and grade of the Kitsol Vein is increasing at depth. Within the mineralized interval, three 0.50m long samples assayed 2,910 g/t Ag2,390 g/t Ag and 2,500 g/t respectively. The Kitsol Structure is a vein-hosted, high-grade silver system located immediately west of the Torbrit Mineral Resource and historic mine. Mineralization consists of multiple, overlapping epithermal vein and brecciation events along a northeast striking, steep westerly dipping zone. Silver mineralization includes native silver, pyrargyrite, tennantite, argentite and argentiferous galena hosted in highly siliceous breccias and veins.

“As one of the widest and highest grade drill holes on the Dolly Varden Property, we will be prioritizing additional step out drilling at the Kitsol Vein area. We are targeting potentially underground bulk-mineable mineralization and this certainly meets our criteria. In addition to the ongoing drilling at priority exploration targets including the Wolf Mine and at Homestake Ridge, we are thrilled with these results and look forward to receiving additional assays soon,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.

Complete results from drill hole DV22-283 are as follows:

TargetHole IDFrom (m)To (m)Core Length (m)True width (m)Ag (g/t)Pb (%)Zn (%)Au (g/t)
Kitsol VeinDV22-283181.32231.5050.1830.114140.180.190.07
Includes:
Zone 1DV22-283189.11196.267.154.296340.470.310.11
includingDV22-283191.00193.752.751.6511210.660.370.21
includingDV22-283191.00191.500.500.3029102.811.320.54
includingDV22-283193.25193.750.500.3023900.120.140.42
Zone 2DV22-283207.00218.7411.747.046580.210.140.07
includingDV22-283211.00217.906.904.148490.200.160.10
includingDV22-283212.70215.042.341.4012450.220.110.23
includingDV22-283212.70213.200.500.3025000.030.080.23
Zone 3DV22-283223.02228.365.343.208010.070.220.02


 
Photo showing Native Silver mineralization from Kitsol drill hole DV22-283
 
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Photo showing siliceous breccia and epithermal vein mineralization from Kitsol drill hole DV22-283
 
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Long Section of the Kitsol Vein showing the location of DV22-283 relative to the 2019 Mineral Resource block model
 
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Isometric view of drill hole DV22-283 relative to the Kitsol 2019 Mineral Resource estimate solid
 
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2022 Kitsault Valley Drill Program

The Company is currently utilizing three diamond drill rigs with 99 drill holes planned in the Phase I program. To-date, over 18,000m of drilling has been completed. Resource upgrade and expansion drilling is underway at the Homestake Ridge Main Gold zone with two drills, with one drill continuing exploration and resource expansion drilling at the silver-rich Torbrit area and at the Wolf Deposit.

Concurrent with the diamond drilling, geological and geophysical work along the Kitsault Valley trend is ongoing to help refine targets for exploration drilling in the latter part of the summer.

The Kitsault Valley Project combined current mineral resource contains 34.7 million ounces of silver and 166 thousand ounces of gold in the Indicated category and 29.3 million ounces of silver and 817 thousand ounces of gold in the Inferred category within a 163 square km consolidated land package.

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed and a 500 gram split is pulverized to minus 200mesh. Multi-element analyses were determined by Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.

Qualified Person

Rob van Egmond, P.Geo Vice President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, completion of the Offering, TSX Venture Exchange approval of the Offering, the use of proceeds with respect to the Offerings, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133309

Categories
Junior Mining Precious Metals

(VIDEO) Dolly Varden Silver Appoints Robert Van Egmond as Vice-President Exploration and 2022 Exploration Update

Dolly Varden Silver, Proven and Probable

Vancouver, British Columbia–(Newsfile Corp. – July 13, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce that Rob van Egmond, P.Geo has been appointed Vice President of Exploration and to give an update on ongoing drilling work at the Kitsault Valley Project, located near tidewater in northwestern British Columbia.

To-date, three drills have cored over 7,700 meters in 27 holes of the planned 30,000 meter program in 99 holes. Initial work has focussed on stepping out from wide, high grade silver intercepts, particularly at the Kitsol Vein and Wolf Mine. Based on visual indicators of mineralization and veining, drills have continued to step-out in these areas, with the deepest hole at Wolf extended to 720 meters long and 400 meters at Kitsol at the Torbrit Deposit. Assays are pending for this drilling, however lab turnaround times are expected to be much improved during the 2022 season.

First, we are excited to promote Rob Van Egmond to Vice-President Exploration as an officer and leader of the Company, as we accelerate our new phase of growth for Dolly Varden Silver,” says Shawn Khunkhun, President and CEO. “Second, we are very encouraged with our initial drilling in multiple areas on the Property. Our focus is primarily resource expansion and discovery at our silver-rich targets at the south end of the Kitsault Valley trend and are now commencing resource upgrade drilling and regional exploration at our recently acquired gold and silver-rich Homestake Ridge targets in the north.”

Rob Van Egmond, VP Exploration

Over the past two years, Dolly Varden Silver has expanded its technical team to support exploration and potential future development its Kitsault Valley Project as well as ongoing Corporate Development work. As a leader in these efforts, Rob van Egmond has been appointed Vice President of Exploration. Rob brings extensive exploration experience from generative, grass-roots to advanced Project development, mine site exploration and production. He was part of the Team with Platinum Group Metals that discovered and defined the massive Waterburg Platinum-Palladium deposit within the previously unknown northern extension of the Bushveld complex in South Africa. As Candente Copper’s Country Manager for Peru, he led the exploration and resource definition work that defined the multi-billion tonne Canariaco copper porphyry deposit, from initial drilling to the Pre-Feasibility Studies. Additionally, he has extensive experience in Canada’s north, including diamond exploration and resource development for BHP at the Ekati Mine and for Kennecott/Aber JV at the Diavik Mine. While with BHP, Rob also worked as an open-pit mine geologist at the Island Copper Operation in B.C. and as an Exploration Geologist in the Hope Bay greenstone gold belt in Nunavut.

Rob started his exploration career in the Golden Triangle for Cominco and returned as Chief Geologist for the Dolly Varden Project in 2017.

Exploration Update

The 2022 exploration program is balanced between Mineral Resource expansion and upgrading at five of the deposits that comprise the Kitsault Valley Project and exploration work focusing on the discovery of new silver and gold deposits. The objective of infill drilling is to convert Inferred mineral resource to the Measured and Indicated category with infill, with an emphasis on Inferred Resources at the recently acquired Homestake Ridge Area. Step out drilling is being performed at most resource areas, with an early emphasis during the 2022 season at the Torbrit/Kitsol/North Star deposits and Mineral Resources at the historic Wolf Mine. Stepout drilling is also planned later in the Season at Homestake Ridge and Homestake Silver deposits. Late winter snowpacks have delayed the start of drilling at the latter, with initial drilling expected this week. Drill productivity and core recovery have been excellent during the first five weeks of exploration on the Property.

Over half of this season’s exploration work is allocated to discover of new deposits, primarily silver-rich systems but also gold and copper targets. The Kitsault Valley Project currently contains 34.7 million ounces of silver and 166 thousand ounces of gold in the Indicated category and 29.3 million ounces of silver and 817 thousand ounces of gold in the Inferred category within a 163 square km consolidated land package. There are numerous new exploration targets located in the 5.4 kilometer long corridor between the Homestake Ridge and Dolly Varden deposits that are currently being explored, with one drill currently targeting these areas. Ongoing surface geology by the Company’s strong technical team and geophysical exploration will be used to generate and vector into drill targets. Currently, 20 exploration targets have been identified, eight of which are considered highest priority. Ground Induced-Polarity (“IP”) geophysical surveys will be commencing shortly on the Kitsault Valley Project.

In addition to drilling and surface exploration, Camp expansion and infrastructure upgrades have been completed in Alice Arm, BC as well as upgrades and repairs to the road bed and right of way that extends north to from tidewater to the Torbrit Mine.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to the Pacific ocean. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

QP Statement

Rob Van Egmond, P.Geo., Vice President Exploration for the Company and a Qualified Person, as defined by NI 43-101, has reviewed and approved the scientific and technical content of this release.

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, completion of the Offering, TSX Venture Exchange approval of the Offering, the use of proceeds with respect to the Offerings, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130686

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Exclusive Interviews Junior Mining Precious Metals

(VIDEO) Dolly Varden Silver | 3 Rigs, 30,000 Meter Drill Program on the Kitsault Valley Project

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project located in the Golden Triangle of British Columbia, Canada, 25kms by road to deep tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines.

It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Dolly Varden Silver Corp: (TSX.V: DV | OTCQX: DOLLF)
Website: https://www.dollyvardensilver.com/
Corporate Presentation: https://bit.ly/3atGLuq
Email: info@dollyvardensilver.com
Phone: 604-602-1440