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Dolly Varden Silver Corp.
Summary
| Project: | Dolly Varden | |
|---|---|---|
| Deposit: | Torbrit, Ace-Galena, Chance | |
| Location: | Canada | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 11/23/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-11-2016: Dolly Varden Silver Corp. announces an Exploration/Drilling Update report for its Torbrit, Ace-Galena, Chance deposit at the Dolly Varden project. Drilling results incl. 19.40m @ 485.04g/t Ag, 0.28% Pb, 0.10% Zn from 97.40m. ovember 23, 2016 – | |
| Resources: | (Resource): 3.073Mt @ 321.6g/t Ag (Ind.), 0.899Mt @ 373.3g/t Ag (Inf.) | |
| CP/QP: | [Overall Report]: Rory Kutluoglu (Internal) | |
| ABSTRACT: | ovember 23, 2016 – Vancouver, BC: Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) is pleased to report drill assays results from its 2016 field program on the Dolly Varden project in northwestern BC. The program included 2,311.6 meters of core drilling as well as surface mapping and sampling. “While the size of our exploration program for 2016 was modest, we leveraged every opportunity to gather information that supports the long-term growth and expansion of estimated mineralization on the project; both within the current 43-101 resource area and at highly prospective regional exploration targets. Both have the potential to increase value for shareholders,” said Rosie Moore, Interim President and CEO of Dolly Varden. The 2016 drilling on the Ace-Galena trend followed up on successful drilling from 2015 (for further detail refer to Dolly Varden news release dated December 23, 2015) and moved further northward, confirming and extending the mineralized horizons an additional 300 meters along strike, completing the evaluation of only ten percent of the sixkilometer prospective trend. Mineralization at Ace Galena is contained in a bedded, variably-calcareous sedimentary volcaniclastic package - the Trout Zone - composed of argillaceous silt- to sandstone, diamictite, grey limestone, variably muddy tuffaceous sandstone, and epiclastic felsic tuff. This volcaniclastic package dips moderately to the northwest. The entire trend is denoted by a broad sodium depletion and potassium enrichment delineated by surface lithogeochemical sampling and airborne radiometric data | |
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