- Dolly Varden Silver (DV) expands its drill program and adds a fourth drill rig
- The additional drilling will be allocated to follow up on exploration success at multiple zones and to test new exploration targets in four key areas
- Over 25,000 m of drilling in 80 drill holes have been completed to date, with three drills
- With the addition of the fourth drill, the program is on schedule to drill a total of 35,000 m by the end of September 2022
- Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100 per cent held Kitsault Valley Project
- Dolly Varden Silver Corporation (DV) is trading at C$0.52 at 12:58 pm EST
Dolly Varden Silver Corporation (DV) has added a fourth drill rig to the Kitsault Valley exploration drill program in northwest BC.
The program has been expanded to include an additional 5,000 m of drilling, bringing the planned program to 35,000 m.
“Our expanded program will focus on four key areas, prioritizing step-out drilling at Wolf and Kitsol where visual intercepts of mineralization and assays received to date have been very encouraging,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.
“Additionally, geophysical surveys, surface sampling and mapping have developed multiple exploration drill targets that will be tested during our expanded program,” added Khunkhun.
The additional drilling will be allocated to follow up on exploration success at multiple zones and to test new exploration targets in four key areas.
The first will be a continued step-out drilling at the Wolf Deposit, where drilling has extended vein mineralization 175 m along strike and to a depth of 500 m beneath the sediment cover.
Secondly, it will follow up drilling to test down-plunge expansion of the mineralization at Kitsol.
In addition, a drill testing several new chargeability anomalies along the western Red Point gold belt was recently identified from an Induced Polarization (IP) ground geophysical survey.
As for the last point, additional resource expansion holes to the north of the Homestake main deposit.
Over 25,000 m of drilling in 80 drill holes has been completed with three drills. With the addition of the fourth drill, the program is scheduled to drill 35,000 m by the end of September 2022.
The system remains open thus far and is interpreted to be getting closer to the center of the valley fold axis and geophysical anomalies. Assays are currently pending for Wolf Zone drilling.
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100 per cent held Kitsault Valley Project located in the Golden Triangle of British Columbia, Canada, 25kms by road to tidewater.
The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines.
It is considered prospective for hosting further precious metal deposits on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack.
Dolly Varden Silver Corporation (DV) is trading at C$0.52 at 12:58 pm EST.
