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Transaction Announcement Reports
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Project: | Dolly Varden | |
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Deposit: | Dolly Varden | |
Location: | Canada | |
Commodities: | Silver-Lead-Zinc | |
Date: | 8/14/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 14-8-2017: Dolly Varden Silver Corp. announces an Exploration/Drilling Update report for its Dolly Varden deposit at the Dolly Varden project. Drilling results incl. 16.1m @ 269.0g/t Ag, 0.30% Pb, 0.21% Zn from 466.1m. August 14, 2017 – Vancouver, BC: Dol | |
Resources: | (Resource): 3.073Mt @ 321.6g/t Ag (Ind.), 0.899Mt @ 373.3g/t Ag (Inf.) | |
CP/QP: | [Overall Report]: Ben Whiting, Robert van Egmond (Internal) | |
ABSTRACT: | August 14, 2017 – Vancouver, BC: Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) is pleased to announce results from exploration drilling on the Dolly Varden Silver Project in the Golden Triangle of northwestern British Columbia. This constitutes the discovery of a new zone located 200 metres north and 200 metres deeper than the north side of the Torbrit Deposit. Hole DV17-058 has all the mineralogical signatures of the Dolly Varden-Torbrit Horizon (DVTH), but is located in host rocks of the footwall of the Moose-Lamb Fault, whereas the Torbrit Deposit is hosted in the hanging wall. In addition, 300 metres further north, hole DV17-057 also hit the DVTH. The Torbrit Deposit is interpreted as a northwestward plunging synform. The new discovery may represent a deeper offset, or parallel deposit. These intercepts greatly expand the mineral potential of this sector of the property. The 2017 exploration program is ahead of schedule and on budget. It was planned to consist of over 5,000 metres of diamond drilling in about 25 to 35 drill holes. A proposal is being considered to expand the 2017 Exploration program to about 12,000 metres. 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 coppergold property. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other, on-trend, highgrade deposits (Eskay Creek, Brucejack). The Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris). | |
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