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Dolly Varden Silver Corp.
Summary
| Project: | Dolly Varden | |
|---|---|---|
| Deposit: | Dolly Varden | |
| Location: | Canada | |
| Commodities: | Silver | |
| Date: | 5/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2019: Dolly Varden Silver Corp. announces a Resource Estimation report for its Dolly Varden deposit at the Dolly Varden project. Updated mineral resource estimate for Dolly Varden Silver. May 8, 2019 – Vancouver, BC: Dolly Varden Silver Corporation (T | |
| Resources: | (Resource): 3.417mt @ 299.8g/t Ag (Ind.) and 1.2853Mt @ 277.0g/t Ag (Inf.) | |
| CP/QP: | [Resources]: Steven Nicholls, Andrew J. Turner (APEX Geoscience Ltd.) | |
| ABSTRACT: | May 8, 2019 – Vancouver, BC: Dolly Varden Silver Corporation (TSXV: ”DV” – OTCBB: ”DOLLF”) (the “Company”, or “Dolly Varden”) is pleased to report an Updated Mineral Resource Estimate for the Dolly Varden Silver Property, located in ‘The Golden Triangle’ of northwestern British Columbia, Canada. The Updated Mineral Resource Estimate includes individual estimates from the Torbrit, Dolly Varden, Wolf and North Star deposits. Recent diamond drilling has resulted in a reinterpretation of the geological model for the deposits, improving confidence and providing a more robust framework for the study and for future exploration. Preliminary metallurgical testing is also now available for the Torbrit and Dolly Varden deposits. Gary Cope, President & CEO, says; “This update on the mineral resource estimates, based on a more comprehensive geological model, plus the positive metallurgical recovery numbers, are important steps in the advancement of the Dolly Varden project. The program’s metallurgical testing, yielding 86.9 % for Torbrit and 85.6 % for Dolly Varden, supports the historical results and demonstrates that the silver can be extracted from Dolly Varden styles of mineralization through conventional processes.” To date there are four defined mineral deposits on the Dolly Varden Property hosted in multiple lenses. Estimates have been made for Torbrit and Dolly Varden deposits in 2019 (reported herein) and confirmed for Wolf and North Star deposits in 2015 (Higgs and Giroux, 2015). Indicated Mineral Resources represent 74.2% and Inferred Mineral Resources represent 25.8% of the total resources. | |
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