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Dolly Varden Silver Corp.

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Summary

Project:

Dolly Varden

Deposit:Chance Target
Location:Canada
Commodities:Silver-Lead-Zinc
Date:8/7/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-8-2019: Dolly Varden Silver Corp. announces an Exploration/Drilling Update report for its Chance Target deposit at the Dolly Varden project. Drilling results incl. 15.20m @ 488.3g/t Ag, 0.55% Pb, 0.05% Zn from 67.40m. August 7, 2019 – Vancouver, BC: Dol
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Ben Whiting, Robert van Egmond (Internal)
ABSTRACT:August 7, 2019 – Vancouver, BC: Dolly Varden Silver Corporation (TSX.V: DV – OTCBB: DOLLF) (the “Company” or “Dolly Varden”) is pleased to announce the results of the second batch of 5 drill holes from the 2019 diamond drilling program. These holes are in the Chance Target Area, four kilometres north of the Torbrit deposit. The Dolly Varden Silver Property is situated in “The Golden Triangle” of northwestern British Columbia, Canada. In the Chance Target Area, hole DV19-173 yielded 15.20 metres (13.16 m estimated true thickness) grading Ag 488.3 g/t, Pb 0.55 % and Zn 0.05 %, for a silver-equivalent of 513.0 g/t. Within this intercept are 5.60 metres (4.85 m estimated true thickness) grading Ag 1,043.8 g/t, Pb 1.39 % and Zn 0.09 %, for a silver-equivalent of 1,103.4 g/t. Also in the Chance Target Area, hole DV19-169 exhibits a splay of the Chance vein, with lower-grade material between the splays. The north splay of the Chance vein yielded 8.70 metres (6.15 m estimated true thickness) grading Ag 265.2 g/t, Pb 0.15 % and Zn 0.12 %, for a silver-equivalent of 276.9 g/t. The main Chance vein yielded 12.50 metres (8.84 m estimated true thickness) grading Ag 340.7 g/t, Pb 0.20 % and Zn 0.13 %, for a silver-equivalent of 355.0 g/t. Within this intercept are 3.00 metres (2.12 m estimated true thickness) grading Ag 700.0 g/t, Pb 0.54 % and Zn 0.26 %, for a silver-equivalent of 734.0 g/t. The intercepts in holes DV19-170 and DV19-173 are from a previously unknown offset of the Chance vein beneath an interpreted low-angle fault, whereas the intercepts in hole DV19-169 are above the low-angle fault.

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