North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Dolly Varden Silver Corp. Jan. 31 reported wide sections of silver mineralization from the 2021 drilling of several zones that make up Torbrit, the largest of the four deposits on the Dolly Varden property south of Stewart, British Columbia.

The roughly 21,745-acre (8,800 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 past-producing 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.

Dolly Varden completed 10,506 meters of resource expansion, upgrade, and exploration drilling in 31 holes on its namesake property last year, including 6,838 meters in 21 holes at Torbrit and the associated Kitsol target.

Highlights from this drilling include:

• 12.28 meters true-width averaging 354 g/t silver from a depth of 134.85 meters in hole DV21-274 (Kitsol).

• 18.27 meters true-width averaging 230 g/t silver from a depth of 157.12 meters in hole DV21-275 (Kitsol).

• 0.70 meters drilled length averaging 1,220 g/t silver from a depth of 361.45 meters in hole DV21-275 (Torbrit North).

• 16 meters drilled length averaging 212 g/t silver from a depth of 165 meters in hole DV21-277 (Torbrit).

• 5.1 meters drilled length averaging 364 g/t silver from a depth of 120.5 meters in hole DV21-278 (Torbrit).

"These results, as well as the previously released extension of the high-grade silver mineralization at the Wolf deposit demonstrate the continued resource expansion potential within the two-kilometer-long (1.25 miles) gap between the known deposits on Dolly Varden property," said Dolly Varden Silver CEO Shawn Khunkhun.

He said these results also bolster the potential for significantly expanding the resources along a 5,400-meter-long trend that extends to Homestake Ridge, a gold-silver property immediately to the north that Dolly Varden has cut a deal to acquire from Fury Gold Mines Ltd.

Khunkhun says "the proposed acquisition of the Homestake Ridge deposits will consolidate this significant trend for the first time in the plus-110-year mining history of the Golden Triangle."

Earlier this year, Dolly Varden reported high-grade silver from its 2021 drilling at Wolf, the northernmost of the Dolly Varden deposits.

Lying about 2,000 meters north of Torbrit, Wolf hosts 402,000 metric tons of indicated resource averaging 296.6 g/t (2.1 million oz) silver; plus 9,500 metric tons of inferred resource averaging 230.6 g/t (70,000 oz) silver.

Dolly Varden Silver Corp.

DV21-273, a 2021 hole that tested the southwest projection of the Wolf vein about 94 meters down-plunge from the resource, cut 1.22 meters averaging 1,532 g/t silver, 0.44 g/t gold, 2.11% lead, and 1.07% zinc within a 17.5-meter-thick breccia zone averaging 214 g/t silver and 0.47% lead.

"The next phase of exploration drilling will prioritize connecting our historic mines and current deposits of the Dolly Varden Trend with the deposits at Homestake 5.4 kilometers (3.4 miles) to the northwest along the Kitsault Valley Trend that comprise the recently announced proposed acquisition from Fury Gold Mines," Khunkhun said earlier this year.

Dolly Varden has now received all assay results from its 2021 program, the start of the company's two-year strategy to aggressively expand and upgrade the Torbrit silver deposit and multiple satellite zones with the objective of advancing Dolly Varden to be the next high-grade silver mine in British Columbia.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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