Drills now turning at Dolly Varden silver
Bulk of program will focus on high-grade silver discovery zones North of 60 Mining News – August 7, 2020
Last updated 9/26/2020 at 3:14pm
Dolly Varden Silver Corp. Aug. 4 announced that a 10,000-meter exploration and resource expansion drill program is now underway on its Dolly Varden Silver property in northwestern British Columbia.
The roughly 217,450-acres (88,000 hectares) Dolly Varden property covers four historic mines that produced more than 19 million ounces of silver over four decades beginning in 1919.
Four deposits associated with these historic mines – Torbrit, Dolly Varden, Wolf and North Star – host 3.42 million metric tons of indicated resource averaging 299.8 grams per metric ton (32.93 million oz) silver; plus 1.29 million metric tons of inferred resource averaging 277 g/t (11.48 million oz) silver.
The bulk of these resources are found at Torbrit, which hosts 2.62 million metric tons of the indicated resource averaging 297 g/t (25.03 million oz) silver; and 1.19 million metric tons of the inferred resource averaging 278 g/t (10.59 million oz) silver.
The 2020 drill program will initially focus on expansion of the resources at the past producing Torbrit Mine.
In the meantime, Dolly Varden's new technical team is finalizing regional exploration targets across the wider property, which will be the target of the bulk of the drilling completed this year.
"Multiple silver-rich mineralizing systems, deposits and past-producing mines present many target options for exploration at Dolly Varden," said Dolly Varden Silver President and CEO Shawn Khunkhun. " "Our priority is the discovery of more high-grade silver mineralization, which we expect to accomplish with 80% of drilling at new targets and 20% in high-priority resource expansion areas."
The company's geological team has been on site for several weeks now working on detailed structural mapping and re-interpretations to guide the drill targeting within a more than 4,500-meter-long silver-bearing alteration belt that extends north from the Torbrit Mine, over the Wolf Mine, onward to the Chance and Ace-Galena showings.
"Exploration work is progressing as planned while keeping workers safe and healthy as our top priority," said Dolly Varden Silver Chief Geologist Rob van Egmond. "We are currently testing for extensions to the mineral resource which has been untouched by historic mining and then will be concentrating on further defining higher grade pockets of silver mineralization."
Additional soil sampling is also being carried out on the western portion of the property to help define new gold targets for late summer drill testing.