Dolly Varden Silver (DV-V) Resource Expansion is to be Focus of Dolly Varden's 2018 Drilling Program
March 22, 2018 – Vancouver, BC: Dolly Varden Silver Corporation (TSX.V:”DV” – U.S.:”DOLLF”) (the “Company”, or “Dolly Varden”) is pleased to announce that an $8.9 million program has been approved by the Board of Directors for the 2018 exploration season. The largest expenditure will be for diamond drilling of approximately 25,000 metres in 60 to 75 drill holes.
Gary Cope, President & CEO, says “The 2018 exploration program will be larger than last year’s program and is divided 80% for mineral resource purposes and 20% for exploration in this highly prospective mineral camp. The team is looking forward to another successful year of discovery.”
The 2018 drilling program is designed to focus on resource delineation and verification, particularly in the areas of the new discoveries from the 2017 exploration season (see news releases of August 29, November 27 and December 4, 2017). These include Torbrit North, Torbrit East and Moose-Lamb targets, as well as areas around the Torbrit and Dolly Varden deposits.
The Torbrit North and Torbrit East target discoveries are of the exhalative-style of silver and base metal mineralization along the Dolly Varden – Torbrit Horizon (“DVTH”), similar to the historic Torbrit Mine, but located in parallel and/or fault offset basins. The Torbrit North target is located 200 metres north and 220 metres deeper than the historic Torbrit Mine, in the footwall block northeast of the Moose-Lamb fault. The Torbrit East target is located 70 metres east and 60 metres higher than the historic Torbrit Mine, in the hanging-wall block southwest of the Moose-Lamb fault. It appears as an Upper-Torbrit East and a Lower-Torbrit East.
The Moose Lamb target discovery is an epithermal vein-style of mineralization and is similar to the historic Dolly Varden Mine. It is adjacent to a major syn-basinal fault by the same name.
Exploration drilling is marked for the Potassic Alteration Belt along the Kitsault River and in the Gold Belt Transect on the western side of the valley. Additional targets may be tested as the season progresses.
Technical Information and Qualified Persons
Ben Whiting, P.Geo., Vice President of Exploration and Robert van Egmond, P.Geo., Chief Geologist for Dolly Varden, serve as ‘Qualified Persons’ as defined in NI 43-101, and have approved the scientific and technical information contained in this news release.
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. Since December 2016, Dolly Varden has been under the direction of management provided by the experienced Belcarra Group Management Ltd. (“Belcarra Group”). The Belcarra Group is comprised of highly qualified mining and financial professionals.
Additional information about the Company and its activities may be found on the Company’s website www.dollyvardensilver.com and under the Company’s profile at www.sedar.com.
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”. |
