The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
75-meter step-out cuts 29.3 meters averaging 381 g/t silver North of 60 Mining News - September 13, 2023
Native silver in core from a one-meter intercept averaging 1,898 g/t silver in hole DV22-368, drilled at the Wolf Vein on Dolly Varden's Kitsault Valley project in Northern BC.
Dolly Varden Silver Corp. Sept. 11 reported that drilling continues to extend high-grade silver mineralization at the Wolf vein on the company's Kitsault Valley gold-silver project in Northern British Columbia.
Located about 40 kilometers (25 miles) southeast of Stewart, BC, the 63-square-mile (163 square kilometers) Kitsault Valley project is an amalgamation of Dolly Varden's namesake project, and the adjacent Homestake Ridge gold-silver project the company acquired from Fury Gold Mines Ltd.
This year's expanded 55,000-meter drill program at Kitsault Valley began by testing resource expansion targets on the Dolly Varden end of the project.
Four deposits associated with past producing mines at Dolly Varden – 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 (11.45 million oz) silver.
In August, Dolly Varden reported the first batch of assays from the 2023 program. Highlights from the holes drilled at Torbrit and Kitsol Vein, a northwest extension of Torbrit, include:
• 18 meters averaging 342 g/t silver in hole DV23-336 (Kitsol), including 0.5 meters of 995 g/t silver.
• 9.57 meters averaging 496 g/t silver in hole DV23-337 (Kitsol), including 0.73 meters of 1,100 g/t silver.
• 3.5 meters averaging 334 g/t silver in hole DV23-348 (Torbrit), including 1.34 meters of 672 g/t silver.
The latest batch of assays is from Wolf, a deposit that lies about 1,400 meters northwest of Torbrit. Highlights from drilling the southwest extension of Wolf include:
• 18.1 meters (12.3 meters true-width) averaging 246 g/t silver in hole DV23-352, including three meters averaging 712 g/t silver.
• 29.3 meters (22.6 meters estimated true-width) averaging 381 g/t silver in hole DV23-368, including one meter averaging 1,898 g/t silver.
The high-grade silver in hole DV23-368 represents a 75-meter down-plunge step-out on the southwest end of Wolf.
"As the drilling progresses at Wolf we are seeing the continuity to depth of the high-grade silver mineralization," said Dolly Varden Silver President and CEO Shawn Khunkhun. "Drill hole DV-368 has extended the length of potentially underground bulk-mineable mineralization plunge to over 950 meters and it remains wide open for expansion, with ongoing drilling continuing to step-out to the south."
Dolly Varden says drilling at Wolf, which has been ongoing since the start of the 2023 program, continues to extend the high-grade silver mineralization within wide vein breccia.
So far this year, the company has completed more than 43,000 meters of drilling within the Dolly Varden and Homestake Ridge areas of the Kitsault Valley project.
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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