VANCOUVER, Aug. 21, 2017 /CNW/ - Dolly Varden Silver
Corporation (TSX.V: DV | U.S.: DOLLF) (the "Company" or
"Dolly Varden") is pleased to announce results from five
more holes from the 2017 program on the Dolly Varden Silver Project
in the Golden Triangle of northwestern British Columbia. Holes DV17-044 to 048 were
drilled from the north side of the Dolly Varden Deposit Area, which
is one of four deposits and over 50 exploration targets on the
property.
Hole DV17-048 intersected three mineralized structures. The
first structure corresponds to the silver-rich Dolly Varden Vein,
and the lower two intercepts correspond to more base metal-rich
zones.
Hole DV17-048 – Upper Zone yielded a core length of 13.22 metres
(12.26 m true thickness) grading Ag 701.8 g/t, Pb 0.36 % and Zn
1.05 % for a silver-equivalent of 772.1 g/t. Within this Upper Zone
interval is 2.60 metres (2.41 m true thickness) grading Ag 2,355.8
g/t, Pb 1.08 % and Zn 2.91 % for a silver-equivalent of 2,554.7
g/t.
The Middle Zone of hole DV17-048 yielded a core length of 20.50
metres (19.60 m true thickness) grading Ag 107.1 g/t, Pb 1.30 % and
Zn 3.52 % for a silver-equivalent of 347.8 g/t. Within this Middle
Zone interval is 3.00 metres (2.87 m true thickness) grading Ag
285.4 g/t, Pb 6.13 % and Zn 10.93 % for a silver-equivalent of
1,120.5 g/t.
Hole DV17-047 yielded a core length of 13.45 metres (13.38 m
true thickness) grading Ag 284.9 g/t, Pb 0.29 % and Zn 0.96 % for a
silver-equivalent of 348.1 g/t. Within this interval is 0.70 metres
(0.69 m true thickness) grading Ag 4,280.0 g/t, Pb 0.52 % and Zn
0.94 % for a silver-equivalent of 4,351.7 g/t.
"These drill results confirm the very high silver grades
of the Dolly Varden Deposit and highlight the potential for
additional base metal credits," said Gary Cope, President and CEO of Dolly
Varden.
|
Dolly Varden
Project – Dolly Varden Deposit Area Drilling 2017 – Holes DV17-044
to 048
|
|
Hole
|
Zone
|
From
|
To
|
Core
|
True
|
Ag
|
Pb
|
Zn
|
Ag-Eq
|
|
|
(m)
|
(m)
|
Length
|
Width
|
(g/t)
|
(%)
|
(%)
|
(g/t)
|
|
|
|
|
|
|
|
|
|
|
|
DV17-044
|
|
43.35
|
46.10
|
2.75
|
2.69
|
30.3
|
0.05
|
0.49
|
58.4
|
|
includes
|
44.10
|
44.95
|
0.85
|
0.83
|
64.7
|
0.13
|
1.20
|
133.4
|
|
|
|
|
|
|
|
|
|
|
|
DV17-045
|
|
45.55
|
56.50
|
10.95
|
10.78
|
32.6
|
0.30
|
1.46
|
122.5
|
|
includes
|
46.40
|
52.00
|
5.60
|
5.51
|
43.2
|
0.55
|
2.64
|
205.3
|
|
includes
|
46.40
|
49.20
|
2.80
|
2.76
|
61.7
|
0.74
|
3.92
|
300.0
|
|
includes
|
47.70
|
48.50
|
0.80
|
0.79
|
91.0
|
1.89
|
7.25
|
552.9
|
|
|
|
|
|
|
|
|
|
|
|
DV17-046
|
|
22.90
|
37.50
|
14.60
|
14.28
|
21.3
|
0.17
|
0.66
|
63.3
|
|
includes
|
22.90
|
31.50
|
8.60
|
8.41
|
33.6
|
0.15
|
0.68
|
76.0
|
|
includes
|
22.90
|
24.00
|
1.10
|
1.08
|
74.0
|
0.08
|
0.30
|
93.4
|
|
|
|
|
|
|
|
|
|
|
|
DV17-047
|
|
21.55
|
35.00
|
13.45
|
13.38
|
284.9
|
0.29
|
0.96
|
348.1
|
|
includes
|
25.50
|
32.95
|
7.45
|
7.41
|
500.4
|
0.39
|
1.21
|
580.7
|
|
includes
|
25.50
|
26.20
|
0.70
|
0.69
|
4,280.0
|
0.52
|
0.94
|
4,351.7
|
|
|
|
|
|
|
|
|
|
|
|
DV17-048
|
Upper
|
23.98
|
37.20
|
13.22
|
12.26
|
701.8
|
0.36
|
1.05
|
772.1
|
|
includes
|
27.00
|
36.60
|
9.60
|
8.90
|
878.7
|
0.42
|
1.19
|
959.6
|
|
includes
|
34.00
|
36.60
|
2.60
|
2.41
|
2,355.8
|
1.08
|
2.91
|
2,554.7
|
|
includes
|
34.75
|
35.48
|
0.73
|
0.68
|
3,550.0
|
0.74
|
2.83
|
3,730.7
|
|
Middle
|
83.00
|
103.50
|
20.50
|
19.60
|
107.1
|
1.30
|
3.52
|
347.8
|
|
includes
|
83.00
|
99.00
|
16.00
|
15.30
|
129.3
|
1.65
|
3.31
|
373.6
|
|
includes
|
89.00
|
92.00
|
3.00
|
2.87
|
285.4
|
6.13
|
10.93
|
1,120.5
|
|
includes
|
90.95
|
92.00
|
1.05
|
1.00
|
518.0
|
12.85
|
9.91
|
1,582.9
|
|
Lower
|
146.15
|
169.40
|
23.25
|
22.56
|
30.3
|
0.12
|
1.60
|
119.7
|
|
includes
|
159.80
|
165.80
|
6.00
|
5.82
|
68.8
|
0.12
|
2.07
|
183.4
|
|
includes
|
160.80
|
163.80
|
3.00
|
2.91
|
102.2
|
0.19
|
2.62
|
248.4
|
|
|
|
|
|
|
|
|
|
|
|
Note: Ag-Eq = Ag +
(Pb%*22.046*Pb price*31.103/Ag price) + (Zn%*22.046*Zn
price*31.103/Ag price). Metal prices used for this formula: Ag =
$US 16.25/oz, Pb = $US 1.00/lb, Zn = $US 1.25/lb. No provisions
have been made for relative metal recovery, thus 100% recovery is
used for the silver-equivalent values. "True Width" is an
approximation given the limited amount of drilling in this
area.
|
The Dolly Varden Vein strikes east-west and dips to the north.
There are post-mineralization faults, which in places offset the
vein and adjacent mineralized structures. Holes DV17-044 and 045
may represent the middle base metal-rich zone.
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.
A drill hole location map of the Mine and Central Sectors area
is posted on the Dolly Varden Silver Corporation website at
www.dollyvardensilver.com
About Dolly Varden
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 copper-gold 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,
high-grade 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).
The current mineral resource estimate at Dolly Varden, effective
date August 27, 2015, consists of
four deposits with an Indicated Resource of 3.07 million tonnes
grading 321.6 g/t Ag, for 31.8 million ounces of silver, plus an
Inferred Resource of 0.9 million tonnes grading 373.3 g/t Ag, for
10.8 million ounces of silver. These resources were estimated at a
cut-off grade of 150 g/t Ag. For more details, please refer to a NI
43-101 compliant Technical Report filed on www.sedar.com and on the
Company's website.
Ben Whiting, P.Geo., Vice
President of Exploration and Robert van
Egmond, P.Geo., Chief Geologist for Dolly Varden, serve as
'Qualified Persons' under National Instrument 43-101, and have
approved the scientific and technical information contained in this
news release.
The Company's Common Shares are listed and traded on the TSX.V
under the symbol "DV" and on the OTCBB system under the symbol
"DOLLF".
FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements.
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 relates to,
among other things, the results of previous field work and programs
and the continued operations of the 2017 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 mineral resource estimate on the project, the potential
to grow the project, the potential to expand the mineralization,
the planning for further exploration work, the ability to de-risk
the potential exploration targets, and our belief about the
unexplored portion of the property. These forward-looking
statements are based on management's current expectations and
beliefs 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.
Note: Mineral resources are not mineral reserves, thus have not
demonstrated economic viability.
For additional information on risks and uncertainties, see the
Company's most recently filed annual management discussion &
analysis ("MD&A"), which is available on SEDAR at www.sedar.com
and on the Company's website at www.dollyvardensilver.com. The risk
factors identified in the MD&A are not intended to represent a
complete list of factors that could affect the Company.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
SOURCE Dolly Varden Silver Corp.
