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Dolly Varden Silver Corp. (DV.v or DOLLF) recently reported high-grade drill intercepts from its Kitsault Valley project, including 977 g/t Ag over 5m & 206 g/t over 23m. With this, analyst Stuart McDougall reaffirmed a Speculative Buy rating with a CA$1.45 target, citing promising grades & widths. Full DD and coverage breakdown here⬇️
https://www.reddit.com/r/Wallstreetsilver/comments/1dnrvni/article_breakdown_dolly_varden_silver_corp_dvv/
Streetwise Reports highlights Dolly Varden Silver's (DV.v, DOLLF) recent drill results at its Kitsault Valley project. One hole hit 977 g/t silver over 5m, including 3,670 g/t over 0.79m. Another found 206 g/t over 23.03m, including 597 g/t over 1.4m and 749 g/t over 0.5m. + An analyst from Research Capital Corp. reaffirmed his Speculative Buy rating and gave DV a target price of $1.45 (current share price = $1.01).
https://www.streetwisereports.com/article/2024/06/21/co-finds-high-grade-silver-in-first-new-drill-results.html
In an interview on Commodity Culture, Shawn Khunkhun, CEO of Dolly Varden Silver (DV.v), discussed the silver market's potential for contrarian investors.
With yesterdays announcement of the intersection 977g/t Ag over 5m including 3,670g/t Ag over 0.79m, it seems Dolly Varden Silver (DV.v DOLLF) is on track for a busy summer as these are the first results from its 2024 exploration program - with three rigs currently drilling and 25 holes either completed or in progress, DV's first results are encouraging amid a strong precious metals market:
High-Grade #Silver Mineralization Intersected at $DV's 140M High-Grade & Pure-Silver Resource🚨
— Stock Master Flash (@StckMasterFlash) June 19, 2024
Today, @SilverVarden $DV.v $DOLLF announced the first results from its 2024 exploration program, intersecting high-grade silver mineralization at its Kitsault Valley Project👇
With… https://t.co/bNu2hmYNpX pic.twitter.com/LgL2GZ1fAn
Today, Dolly Varden Silver (DV.v DOLLF) announce the first results from its 2024 exploration program, intersecting high-grade silver mineralization, 978g/t Ag over 5m including 3,670g/t Ag over 0.79m, at the Moose Vein within the Kitsault Valley Project: https://dollyvardensilver.com/dolly-varden-silver-intersects-978-g-t-ag-over-5-00-meters-including-3670-g-t-ag-over-0-79m-at-moose-vein/
Dolly Varden Silver Intersects 978 g/t Ag over 5.00 meters, Including 3,670 g/t Ag over 0.79m at Moose Vein
June 19, 2024
VANCOUVER, BC, June 19, 2024 – Vancouver, BC: Dolly Varden Silver Corporation (TSXV: DV) (OTC: DOLLF) (FRK: DVQ1) (the “Company” or “Dolly Varden“) is pleased to announce the first drill results from the 2024 exploration program, intersecting high-grade silver mineralization at the Moose and Chance Veins within the Kitsault Valley Project. Three rigs are currently drilling with 25 holes completed or in-progress.
Highlights include*:
Moose Vein
DV24-387: 977 g/t Ag over 5.00 meters, including 3,670 g/t Ag over 0.79 meters
Chance Vein
DV24-388: 206 g/t over 23.03 meters, including 597 g/t Ag over 1.40 meters and 749 g/t Ag over 0.50 meters
*All intervals shown are core length. Estimated true widths vary depending on intersection angles and range from 70% to 90% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated.
“These excellent results from the first hole at the Moose Vein from the 2024 program exhibits similar geological and mineralization features to the Wolf deposit located 1,400 meter south, suggests that this area has potential to emerge into the northernmost silver deposit along the 5 kilometer long trend that also hosts the Dolly Varden, Torbit and North Star deposits. Limited drilling has been completed at Moose and the robust nature of the mineralized structure suggests a strong mineralizing system. Additionally, the first results over a significant width from the Chance Vein are also very encouraging,” said Shawn Khunkhun, CEO of Dolly Varden Silver.
Figure 1. Moose Vein shown with Targets for the 2024 Exploration program along the Kitsault Valley Trend
Moose Vein*
The Moose Vein is located 1.4 kilometers north of the Wolf Vein on a similar crosscutting structure that projects under the mid valley sedimentary cap. Drillhole DV24-387 at Moose targeted the up plunge mineralization projection approximately 45 meters from previously reported mineralized interval in drill hole DV23-371 of 712 g/t Ag over 1.00 meter, within a wider vein interval grading 269 g/t Ag over 7.55 meters (from previous release; November 6, 2023). The Moose Vein remains wide open for expansion.
Figure 2. Core from Moose Vein showing brecciated and coliform silica and barite vein fragments with low temperature argentiferous galena and argentite mineralization.
Chance Vein*
The Chance Vein is located 1.3 kilometers northeast of the Moose Vein, within the lower portion of the Hazelton Formation, just above the contact with the underlying Stuhini Formation (the contact known as “The Red Line” of the Golden Triangle). Drilling targeted the interpreted plunge direction of silver mineralization in an area that has not been previously tested. Drill hole DV24-388 at the Chance Vein tested approximately 30 meters down the interpreted plunge projection from drilling completed in the 1960s.
Figure 3. Plan of Moose and Chance Veins, located on crosscutting structures at a similar periodicity, occurring north of the Wolf Vein. 2024 drill traces in blue
Figure 4. Longitudinal Section of Moose Vein with historic drilling and Hole DV24-387 showing interpreted plunge orientation of higher-grade silver mineralization
Table 1: Completed Drill Hole Assays from Moose and Chance
Target Hole ID From (m) To (m) Length (m)* Ag (g/t) Pb (%) Zn (%)
Moose DV24-387 113.55 118.55 5.00 978 1.07 NSV
including 115.24 116.03 0.79 3,670 4.88 1.35
Chance DV24-388 70.04 93.07 23.03 206 0.12 NSV
including 71.00 72.40 1.40 597 NSV NSV
including 83.07 83.57 0.50 749 NSV NSV
and 101.72 108.9 7.18 228 0.14 NSV
*All intervals shown are core length. Estimated true widths vary depending on intersection angles and range from 70% to 90% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated.
Table 2: Drill hole data for reported holes in this release
Hole ID Easting UTM83 (m) Northing UTM83 (m) Elev. (m) Azimuth Dip Length (m)
HR24-387 467141 6174889 750 155 -45 201
HR24-388 467674 6175858 881 158 -47 198
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 also determined by fire assay on a 30g split with either atomic absorption, or gravimetric finish, depending on grade range. Metallic screen on a 1.0kg sample may be completed on high-grade gold samples.
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. Five kilometers to the East of the Kitsault Valley Project is 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;
https://dollyvardensilver.com/dolly-varden-silver-intersects-978-g-t-ag-over-5-00-meters-including-3670-g-t-ag-over-0-79m-at-moose-vein/
Weekly Chart
In a recent interview on Commodity Culture, Shawn Khunkhun, CEO of Dolly Varden Silver (Ticker: DV.v or DOLLF for US investors), emphasized silver potentially reaching $50 pointing to supply deficits and growing industrial demand. He mentioned increased silver demand in India, driven by high gold prices and the introduction of a silver ETF. Khunkhun detailed DV's 2024 drill program, strong financial position, and promising project areas.
Informative piece from Crux Investor on Dolly Varden Silver (DV.v DOLLF), a "High-Grade Silver Opportunity in Top Jurisdiction": https://www.cruxinvestor.com/posts/dolly-varden-silver-high-grade-silver-opportunity-in-top-jurisdiction
Highlighting DV's aim to derisk and grow it existing resources (140M ounces of high-grade and pure silver in BC's Golden Triangle), DV boasts a strong institutional base & leverage to rising silver prices amid its 25,000m drill program.
Amid a 25,000m diamond drill program Dolly Varden Silver's (DV.v DOLLF) CEO, Shawn Khunkhun joined SilverWars to discuss the silver standard - as silver is experiencing a breakout to the gold and silver ratio, DV's drill program at its 140M ounce project has significant potential to create a stronger and more attractive asset:
The #Silver Standard with @SilverVarden's Shawn Khunkhun - $DV.v $DOLLF
— Stock Master Flash (@StckMasterFlash) June 10, 2024
Amid silver breaking out through a decade-long resistance level & experiencing a breakout in the gold and silver ratio, $DV's CEO joined SilverWars to discuss the silver standard as well as the rich history… https://t.co/YJnThNhsgF pic.twitter.com/2l6jtxHDUO
Excelsior Prosperity analyzed Dolly Varden Silver (DV.v) in a recent article, highlighting its strategic location in British Columbia's Golden Triangle and its proximity to Hecla Mining's Kinskuch Project. He recounted Hecla's failed 2016 acquisition attempt and praised DV's management for resilience. DV aims to expand its 137.7Moz AgEq resource base with a robust 2024 drilling plan. Full article summary here⬇️
https://www.reddit.com/r/smallstreetbets/comments/1ddsdbh/opportunities_in_silver_explorers_and_developers/
Excelsior Prosperity analyzes Dolly Varden Silver (DV.v/DOLLF) highlighting the company's strategic location in BC's Golden Triangle & Hecla Mining's interest. Project resource = 137.7Moz AgEq in all categories. + DV's ongoing drilling program & strong financial backing highlights its promise.
https://excelsiorprosperity.substack.com/p/opportunities-in-silver-explorers-8d7
*Posted on behalf of Dolly Varden Silver Corp.
Insightful discussion on the silver standard from SilverWars & Dolly Varden Silver's (DV.v DOLLF) CEO - as silver is breaking out through a decade-long resistance level and experiencing a breakout to the gold and silver ratio, DV's 140M ounce project has significant potential amid a 25,000m diamond drill program:
Insightful breakdown of Dolly Varden Silver's (DV.v DOLLF) Kitsault Valley Project which is currently undergoing a 25,000m diamond drill program - Kitsault boasts a 140M high-grade and pure-silver resource, making it a very rare project, that combines the Homestake Ridge Project and Dolly Varden Project, the benefits of which are substantial:
Delving Deeper Into The Kistault Valley Project - #SILVER & $DV.v $DOLLF
— Stock Master Flash (@StckMasterFlash) June 7, 2024
Boasting a 140M high-grade and pure silver resource, @SilverVarden is currently conducting a 25,000m diamond drill program in its 100% owned Kitsault Valley Project.
Located in BC's Golden Triangle,… https://t.co/QuSVyCAPiA pic.twitter.com/DeKOlNLPFS
Given its extensive use in electronics and green energy technologies, silver has been experiencing a substantial uptick in global demand, pushing prices higher and pushing the market into a substantial supply deficit.
The deficit is further bolstered by the historical lack of investment in silver-specific mines as silver is primarily mined as a byproduct of lead, zinc, copper and gold mines. Very few companies specifically mine silver.
However, one company with a pure-silver asset is making waves with its 140M ounce high-grade resource; would recommend checking out Rick Rule's latest symposium preview if you want to know more:
#SILVER Long Form Post
— Stock Master Flash (@StckMasterFlash) June 3, 2024
"I think that silver is probably the most exciting trade in the energy transition theme within the commodities complex today,”
The historical lack of investment in #silver-specific mines has led to supply worries & a universally recognized structural… https://t.co/TVqLMZId6y pic.twitter.com/4hNkDkgdlb
For those interested in silver, check out this post detailing Rick Rule's latest symposium preview that highlights the silver opportunity amid increasing demand and an interesting junior with a 140M high-grade and pure-silver resource:
#SILVER Long Form Post
— Stock Master Flash (@StckMasterFlash) June 3, 2024
"I think that silver is probably the most exciting trade in the energy transition theme within the commodities complex today,”
The historical lack of investment in #silver-specific mines has led to supply worries & a universally recognized structural… https://t.co/TVqLMZId6y pic.twitter.com/4hNkDkgdlb
In an interview with natural resource investment expert Rick Rule, DV.v CEO, Shawn Khunkhun, previewed the company's silver prospects for the upcoming 2024 Rule Symposium. DV's flagship project boasts 150M silver Eq ounces and DV's ongoing 25,000-meter drill program aims to expand this resource.
Insightful interview from Rick Rule and his "2024 Rule Symposium Preview" with Dolly Varden Silver's (DV.v DOLLF) CEO, dicussing the expansion potential at its 100% owned, 140M high-grade and pure-silver resource, the Kitsault Valley Project:
2024 Rule Symposium Preview - Dolly Varden Silver https://t.co/etlIyFFIg6 via @YouTube
— Rick Rule (@RealRickRule) June 3, 2024
good for au and ag
https://www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf
DV.v recently started drilling at its fully owned Kitsault Valley Silver Project. The 25,000-meter program, utilizing three drill rigs targeting Moose Vein, Chance Vein, and the North Star Deposit step out, aims to uncover new discoveries and expand high-grade silver deposits.
https://dollyvardensilver.com/dolly-varden-silver-commences-2024-drilling-program-with-discovery-focused-exploration-targets/
Posted on behalf of Dolly Varden Silver Corp.
Amid the recently commenced 25,000m drill program at its 100% owned Kitsault Valley Project, 140M high-grade and pure-silver resource, Dolly Varden Silver's (DV.v DOLLF) CEO joined Rick Rule for his "2024 Rule Symposium Preview" to discuss Kitsault's expansion potential:
expect au futures to have huge move tomorrow thursday 5-30
Insightful Streetwise Reports Article highlighting Dolly Varden Silver's (DV.v DOLLF) recently commenced 25,000m drill program at its 100% owned Kitsault Valley Project, highlighting DV's potential to increase its 140M high-grade and pure-silver resource with this program: https://www.streetwisereports.com/article/2024/05/28/co-looks-for-more-high-grade-silver-golden-triangle.html
Amid continuing bullish outlook for silver as physical demand continues to outstrip supply, Dolly Varden Silver (DV.v DOLLF) released additional details today regarding the commencement of its 2024 Exploration Drill Program last week at its 100% owned Kitsault Valley Project with three drill rigs turning: https://stockhouse.com/news/press-releases/2024/05/27/three-drill-rigs-turning-on-dolly-varden-silver-s-kitsault-valley-project
Dolly Varden Silver (DV.v) has begun its 2024 Drill Program at its Kitsault Valley Project, deploying 3 drill rigs to the Moose Vein, Chance Vein, and North Star Deposit. The 25,000m program aims to discover new deposits & expand on known high-grade silver mineralization. Full news breakdown here⬇️
https://www.reddit.com/r/smallstreetbets/comments/1cxl3li/dolly_varden_silver_dvv_commences_2024_drilling/
Insightful breakdown of Dolly Varden Silver's (DV.v DOLLF) 2024 drilling program which was commenced yesterday at its 100% owned Kitsault Valley Project, a 140M high-grade and pure-silver resource:
#SILVER - Today, @SilverVarden announced the commencement of its 2024 drilling program at its 100% owned Kitsault Valley Project with discovery-focused exploration targets: https://t.co/rMNByxxOgm
— Stock Master Flash (@StckMasterFlash) May 21, 2024
Kitsault is a 140M high-grade and pure-silver resource located in BC's Golden…
Insightful breakdown of Dolly Varden Silver's (DV.v DOLLF) 2024 drilling program which was commenced yesterday at its 100% owned Kitsault Valley Project, a 140M high-grade and pure-silver resource:
#SILVER - Today, @SilverVarden announced the commencement of its 2024 drilling program at its 100% owned Kitsault Valley Project with discovery-focused exploration targets: https://t.co/rMNByxxOgm
— Stock Master Flash (@StckMasterFlash) May 21, 2024
Kitsault is a 140M high-grade and pure-silver resource located in BC's Golden…
Insightful Twitter thread on Dolly Varden Silver's (DV.v DOLLF) news from yesterday regarding the commencement of its 2024 drilling program at its 100% owned Kitsault Valley Project:
#SILVER - Today, @SilverVarden announced the commencement of its 2024 drilling program at its 100% owned Kitsault Valley Project with discovery-focused exploration targets: https://t.co/rMNByxxOgm
— Stock Master Flash (@StckMasterFlash) May 21, 2024
Kitsault is a 140M high-grade and pure-silver resource located in BC's Golden…
Today, Dolly Varden Silver (DV.v DOLLF) announced the commencement of its 2024 drilling program at its 100% owned Kitsault Valley Project, a 140M high-grade and pure-silver resource, with discovery-focused exploration targets: https://dollyvardensilver.com/dolly-varden-silver-commences-2024-drilling-program-with-discovery-focused-exploration-targets/
Dolly Varden Silver (DV.v) kicks off the 2024 drilling program at its 100%-owned Kitsault Valley Silver Project today. With 3 drill rigs targeting Moose Vein, Chance Vein, and North Star Deposit step out, the 25,000m program aims for new discoveries and high-grade silver expansion.
https://dollyvardensilver.com/dolly-varden-silver-commences-2024-drilling-program-with-discovery-focused-exploration-targets/
1. silver
2. gold
3. copper
The copper is going to be a huge deal going forward
#Silver junior, @Silver_Varden saw a surge in market cap last week, rising by CA$43m to hit $283M following a 16% gain⬇️https://t.co/h0h9mmmYvQ$DV $DOLLF $DV.v pic.twitter.com/hGIDoK71uq
— The TSX Dude (@TheTSXDude) May 13, 2024
DV.v is set for an active exploration season @ its Kitsault Valley Silver project which boasts a 140Moz AgEq estimated resource. DV's major investors include Hecla Mining (Mcap $3.38B) which owns ~15% & Eric Sprott who owns ~10% . More on DV's drill results, plans & recent share price movement here:
https://new.reddit.com/r/Canadapennystocks/comments/1cre7ba/dolly_varden_silvers_strategic_growth_and/
Silver junior, Dolly Varden Silver Corp. (DV.v DOLLF) saw a surge in market cap last week, rising by CA$43m to hit $283M following a 16% gain in the stock.
https://finance.yahoo.com/news/dolly-varden-silver-corporations-cve-101033855.html
Insightful interview with Dolly Varden Silver's (DV.v DOLLF) CEO from TokStocks Small Cap Podcast, providing an update on the company's recent accomplishments, financing and exploration plans:
muscle car: the big sleeper here is their copper which is coming.
Golden Triangle based sivler exploerer DV.v is starting the first part of its 2024 drill program. 25,000m of drilling with 3 drills will target resource expansion and new discoveries at DV's Kitsault Valley Silver Project. https://dollyvardensilver.com/dolly-varden-silver-outlines-2024-resource-expansion-and-discovery-focused-exploration-drill-program/
Preparing to commence its 2024 season at the Kitsault Valley Project which boasts a 140M oz high-grade and pure-silver resource, Dolly Varden Silver's (DV.v DOLLF) CEO joined TokStocks Small Cap Podcast for a Quarterly update to discuss the company's recent accomplishments, financing and exploration plans:
In a recent CEO.ca interview, DV's VP of Exploration discusses the upcoming 25,000m drill program at their adjoining silver projects in BC's Golden Triangle.
Dolly Varden Silver's (DV.v) VP outlines their robust 2024 drill program in British Columbia's Golden Triangle. Three drills set for 25,000 meters of diamond drilling, focusing on resource expansion and new discoveries.
Recommend this new interview with the President and CEO of DOLLF where he discusses Dolly’s recent $15 million financing backed by Eric Sprott, their 2024 resource expansion and exploration program, and the vision for their Kitsault Valley Project.
Seems analysts are increasing their price target for Dolly Varden Silver (DV.v DOLLF) ahead of the upcoming exploration season at its 140Moz silver resource following expectations for a 25% increase to the existing project resource: https://www.streetwisereports.com/article/2024/04/29/analyst-says-silver-stock-is-set-for-pivotal-year.html?utm_source=delivra&utm_medium=email&utm_campaign=TRR4-30-24&utm_id=46136203
Dolly Varden Silver Corp. (DV.v) primes for a transformative 2024 with 25,000m of drilling planned. The analyst report gives DV a new price target of $1.45/share, anticipating a 25% resource estimate increase.
https://www.streetwisereports.com/article/2024/04/29/analyst-says-silver-stock-is-set-for-pivotal-year.html
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Dolly Varden Silver Corporation owns 100% of the Dolly Varden Mines historic silver property. The current favourable price of silver has renewed investor interest in this most historic of the silver mines in the Northwestern BC region. The property is best considered an advanced exploration stage property with well understood targets. Mine restarts will require the discovery of additional silver mineral resources and the confirmation of historic mineral resources that were known at the cessation of mining in 1959.
Geological work commissioned in the period 1979 to 1990 established the common geological characteristics of the major silver deposits and occurrences in the upper Kitsault Valley. The rock formations and the style of the mineralization and alteration on the Dolly Varden property share strong similarities to the nearby Eskay Creek deposit, which is an exceptionally rich gold and silver deposit, located 100 km north of the Dolly Varden Property.
located 100 km north of the Dolly Varden Property.
Major nearby projects: | |
Eskay Creek (Barrick) Historic Production | 3.6 M oz Au + 180 M oz Ag |
Brucejack (Pretium) | 8.2 M oz Au + 116.2 M oz Ag |
Silback Premier (Ascot) Historic Production | 1.9 M oz Au + 42.8 M oz Ag |
Kerr-Sulphurets (Seabridge Gold) | 38.5 M oz Au + 214 M oz Ag |
BC Moly (Avanti) |
*See home page for NI43 101 required disclosure on this historic resource estimate
The geology underlying the Dolly Varden property consists of volcano-sedimentary rocks belonging mostly to the lower and middle Jurassic Hazelton Group. These include intermediate volcanic and volcaniclastic rocks of the Betty Creek Formation and bimodal volcanic and sedimentary rocks of the Salmon River Formation.
The principal silver-base metal deposits of the Kitsault River valley have been interpreted as vein mineralization by early workers. Devlin (1986) reinterpreted the main deposits to be volcanic exhalative in origin. Deposits of this type are formed as sub-aqueous hot-spring type deposits on the seafloor, as products of hydrothermal solutions that have vented from sub-seafloor fracture and fault systems. Furthermore, the silver deposits of the upper Kitsault valley are mapped with important geological similarities to the Eskay Creek deposit, providing an analog for exploration on the Property.
The most prominent mineralized zone on the Property is an aerially extensive sheet of chemical sediment (“exhalative”) mineralization (the “DVT Exhalite”) that extends from the Dolly Varden mine, on the west, passing though the North Star underground workings and ending in the Torbrit mine, on the east. The DVT Exhalite body forms an almost continuous sheet, mostly ranging in true thickness from 3 to 38 m, which extends from the Dolly Varden West zone to Moose-Lamb. It is exposed for a strike length of 1.5 km on surface and is truncated on both extremities by late faults of unknown displacement. Separate from the DVT Exhalite body, the Red Point zone (on the western fringe of the upper Kitsault Valley) and the Wolf (on the eastern side of the valley) each have geological similarities to the targeted hydrothermal vein and sub-aqueous hot spring geology but might share a position higher in the volcanic stratigraphy than the DVT horizon.
Dolly Varden Silver Corp (TSX.V:DV)
www.dollyvardensilver.com
VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 14, 2013) -…
Read MoreApril 18, 2013 – Vancouver, BC: Dolly Varden Silver Corpor…
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