• Donnerstag, 25 April 2024
  • 09:34 Uhr Frankfurt
  • 08:34 Uhr London
  • 03:34 Uhr New York
  • 03:34 Uhr Toronto
  • 00:34 Uhr Vancouver
  • 17:34 Uhr Sydney

Dolly Varden Silver Intersects 93.95 m of 357 g/t AgEq Including 9,422 g/t AgEq over 1.02m Expanding Homestake Silver High-Grade Trend

16.01.2024  |  Newsfile

Vancouver, January 16, 2024 - Dolly Varden Silver Corp. (TSXV: DV) (OTCQX: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce drill results from its 2023 program at the Homestake Silver deposit in BC's Golden Triangle. The 23 drillholes reported total 12,150m of drilling targeting priority zones within the deposit and have significantly expanded the width and extent of the reinterpreted high-grade silver and gold mineralized plunge.

Highlights from Homestake Silver (intervals shown are core length**):

  • HR23-419: Mineralized envelope: 315 g/t AgEq (2.57 g/t Au and 102 g/t Ag) over 79.20 meters, including internal breccia vein intervals grading 1,508 g/t AgEq (9.53 g/t Au and 718 g/t Ag) over 9.22 meters length, 7,572 g/t AgEq (36.66 g/t Au and 4,533 g/t Ag) over 1.05 meters.
  • HR23-416 Mineralized envelope: 357 g/t AgEq (1.74 g/t Au, 213 g/t Ag) over 93.95 meters length, including internal breccia vein intervals grading 2,802 g/t AgEq (11.80 g/t Au and 1,824 g/t Ag) over 9.16 meters length, 4,176 g/t AgEq (13.16 g/t Au and 3,085 g/t Ag) over 2.26 meters and 9,422 g/t AgEq (55.40 g/t Au and 4,830 g/t Ag) over 1.02 meters.
  • HR23-415: Mineralized envelope: 630 g/t AgEq (5.11 g/t Au and 206 g/t Ag) over 22.80 meters, including internal breccia vein intervals grading 1,754 g/t AgEq (14.38 g/t Au and 562 g/t Ag) over 6.80 meters length, 4,617 g/t AgEq (43.40 g/t Au and 1,020 g/t Ag) over 0.88 meters.
  • HR23-413: Mineralized envelope: 226 g/t AgEq (1.40 g/t Au and 110 g/t Ag) over 40.00 meters, including internal breccia vein intervals grading 668 g/t AgEq (3.05 g/t Au and 415 g/t Ag) over 3.96 meters, 1,998 g/t AgEq (6.49 g/t Au and 1,460 g/t Ag) over 0.63 meters.
  • HR23-407: Mineralized envelope: 246 g/t AgEq (2.32 g/t Au and 54 g/t Ag) over 55.90 meters length, including internal breccia vein intervals grading 932 g/t AgEq (8.94 g/t Au and 191 g/t Ag) over 10.72 meters length, 2,149 g/t AgEq (24.38 g/t Au and 129 g/t Ag) over 0.57 meters and 1,883 g/t AgEq (17.78 g/t Au and 410 g/t Ag) over 2.20 meters.
  • HR23-411: Expansion step out hole to the southeast; 445 g/t AgEq (0.91 g/t Au and 369 g/t Ag) over 10.55 meters including 2,068 g/t AgEq (1.73 g/t Au and 1,925 g/t Ag) over 0.55 meters.

*AuEq and AgEq are calculated using only the two precious metal components at $US1650/oz Au, $US20/oz Ag, Assays are not capped

**Estimated true widths vary depending on intersection angles and range from 65% to 85% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated

"The 2023 drilling at Homestake Silver has identified a substantial zone of exceptional precious metal grades, often typified by multiple phases of silver and gold mineralization, over wide, continuous intervals that are potentially amendable to bulk underground mining methods," said Shawn Khunkhun, CEO of Dolly Varden Silver. "Results from additional step-out holes to the north of these intercepts are being finalized and are expected to be announced shortly."

"Applying what was learned from the structural reinterpretation work at the Homestake Main gold zone to the existing wider spaced drilling at Homestake Silver Zone has led to the discovery of high-grade pathways within a continuous mineralized envelope with average precious metal grades above the average resource grades and over much wider intervals than expected," states Rob Van Egmond, P.Geo, Vice President of Exploration.



Figure 1. Location along Dolly Varden's Kitsault Valley trend of Deposits

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/194209_397c290ed40ae8a7_002full.jpg

Drill holes HR23-416 and HR23-419 have a down dip spacing of 105 meters on the same vertical cross-section. The holes were up and down dip, respectively, from historic drill hole HR09-161 which graded 352 AgEq (2.89 g/t Au and 112 g/t Ag) over 72.75 meters over the width of the mineralized envelope (see figure 2 section). Drillholes HR23-413 and HR23-415 are located on section 25m to the north-northwest and HR23-407 is 100m along strike from HR23-416/419.

Drillholes HR23-396 and 397 were drilled up dip of the wide, higher-grade plunge intersecting individual higher-grade vein breccias extending above the mineralized envelope.

Drilling targeted the high-grade plunge within the Homestake Silver deposit. These holes focused on defining and expanding the wide gold and silver (+/- lead and zinc) mineralized zone along the low angle, northerly plunge of the high-grade mineralization. The reinterpretation concluded that the wider mineralization zone at Homestake Silver is at a similar plunge orientation as that of the Homestake Main deposit, located 300m to the northwest. The average grades are higher, on a precious metal silver equivalent basis, than the average grade of the silver deposits at the Dolly Varden property to the south due to the increased gold content at the Homestake Ridge deposits.



Figure 2. Drill hole HR23-416 from the Homestake Silver deposit. A 12.60-meter section from the 93.95-meter mineralized envelope highlighting the 1.02-meter high-grade multi-pulse vein breccia pathway. Strong alteration and stockwork with local multi-pulse vein and vein breccias can be seen throughout the interval.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/194209_397c290ed40ae8a7_003full.jpg

Drill hole HR23-411 is a 50m step out (down dip) from the southeastern end of Homestake Silver showing that the gold and silver mineralization remains open in that direction. Drill hole HR23-414 was drilled in the unmineralized footwall to Homestake Silver.

Finalized results remain to be released for 47 of the 115 drill hole, 51,454.90 meter, 2023 Kitsault Valley Project exploration drill program. These include 25 drill holes at Homestake Main (11,054.90m), 4 drill holes (2,478.00m) from Homestake Silver northern extension and 6 drill holes (1,627m) from Homestake Ridge property exploration drill holes. Plus 12 drill holes (7,400m) from the southern Dolly Varden property.



Figure 3. Homestake Silver Long section looking southwest with 2023 drill hole highlights. 100m wide window.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/194209_397c290ed40ae8a7_004full.jpg

Homestake Ridge

The Homestake Ridge deposits are interpreted as structurally controlled, multi-phase epithermal vein stockwork and vein breccia system hosted in Jurassic aged Hazelton volcanic rocks. Mineralization consists of pyrite, +/-galena and sphalerite in a breccia matrix within a silica breccia vein system (see Figure 2). The northwest orientation of the main Homestake structural trend appears to have numerous subparallel internal structures that are interpreted to form the controls for higher grade gold and silver shoots within a broader Mineralized envelope at the Homestake Silver deposit. The main structural corridor dips steeply to the northeast at Homestake Main and rolls to vertical or steeply southwest at Homestake Silver (see Figure 5).



Figure 4. Homestake Silver Plan View with Current Mineral Resource block model, primarily of Inferred resource classification with 2023 drill collar locations highlighted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/194209_397c290ed40ae8a7_005full.jpg

`

Figure 5. Homestake Silver Cross Section (A-B) with 2023 and historic drill holes.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/194209_397c290ed40ae8a7_006full.jpg

Table 1. Completed Drill Hole Assays from the Homestake Silver Deposit Area

Hole ID From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
AuEq*
(g/t)
AgEq*
(g/t)
HR23-419 306.40 385.60 79.20 2.57 102 3.80 315
including 313.43 322.65 9.22 9.53 718 18.19 1508
including 320.00 321.00 1.00 33.05 184 35.26 2923
including 321.60 322.65 1.05 36.66 4533 91.34 7572
including 325.74 326.84 1.10 20.90 121 22.36 1853
including 328.95 329.55 0.60 29.30 302 32.94 2731
including 367.39 368.55 1.16 21.60 36 22.03 1826
HR23-418 NSV NSV
HR23-416 204.05 298.00 93.95 1.74 213 4.30 357
including 214.13 215.13 1.00 2.77 519 9.03 748
including 230.64 239.80 9.16 11.80 1824 33.80 2802
including 231.32 231.89 0.57 5.75 4290 57.50 4767
including 234.04 236.30 2.26 13.16 3085 50.38 4176
including 238.78 239.80 1.02 55.40 4830 113.67 9422
including 283.00 284.50 1.50 8.37 207 10.87 901
and 320.00 343.00 23.00 1.13 46 1.68 139
including 329.00 331.00 2.00 3.58 281 6.97 578
including 339.00 343.00 4.00 3.78 82 4.77 395
HR23-415 305.90 328.70 22.80 5.11 206 7.59 630
including 313.40 314.40 1.00 2.74 453 8.21 680
including 318.40 325.20 6.80 14.38 562 21.16 1754
including 319.42 320.30 0.88 43.40 1020 55.71 4617
and 336.75 393.50 56.75 1.22 32 1.61 133
including 338.75 346.60 7.85 3.13 149 4.93 409
including 382.80 384.15 1.35 4.10 114 5.48 454
HR23-414 NSV NSV
HR23-413 230.00 244.00 14.00 3.96 15 4.15 344
including 237.00 238.00 1.00 47.30 40 47.79 3961
and 263.00 303.00 40.00 1.40 110 2.72 226
including 264.55 265.60 1.05 4.32 479 10.10 837
including 271.85 275.81 3.96 3.05 415 8.05 668
including 271.85 272.48 0.63 6.49 1460 24.10 1998
including 278.57 280.74 2.17 8.43 622 15.93 1321
including 279.79 280.74 0.95 13.60 966 25.25 2093
HR23-412 165.95 166.45 0.50 0.66 401 5.49 455
including 280.38 281.85 1.47 0.29 177 2.43 201
and 293.30 304.00 10.70 0.95 238 3.82 316
including 298.00 302.00 4.00 1.79 538 8.28 686
including 299.35 300.00 0.65 2.71 1245 17.73 1470

Table 1. con't. Completed Drill Hole Assays from the Homestake Silver Deposit Area

Hole ID From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
AuEq*
(g/t)
AgEq*
(g/t)
HR23-411 464.65 475.20 10.55 0.91 369 5.37 445
including 469.95 474.20 4.25 1.41 801 11.07 918
including 470.45 471.00 0.55 1.73 1925 24.95 2068
including 473.20 474.20 1.00 1.59 1120 15.10 1252
HR23-410 Results Pending
HR23-409 457.69 466.20 8.51 1.80 21 2.05 170
including 457.69 458.22 0.53 2.19 162 4.14 344
HR23-408 100.00 102.10 2.10 NSV 478 5.77 479
and 168.50 169.36 0.86 0.88 123 2.36 196
and 211.10 212.40 1.30 NSV 622 7.51 622
including 279.85 280.33 0.48 3.21 27 3.53 293
HR23-407 317.90 338.00 20.10 1.96 3 2.00 165
including 328.76 330.00 1.24 23.80 13 23.96 1986
and 346.10 402.00 55.90 2.32 54 2.97 246
including 354.88 365.60 10.72 8.94 191 11.24 932
including 354.88 355.45 0.57 24.38 129 25.93 2149
including 356.90 357.40 0.50 18.80 481 24.60 2039
including 360.55 361.87 1.32 8.71 382 13.31 1103
including 363.40 365.60 2.20 17.78 410 22.72 1883
HR23-406 NSV NSV
HR23-405 394.00 433.23 39.23 1.78 NSV 1.78 148
including 402.65 414.00 11.35 3.20 NSV 3.20 265
including 417.00 423.25 6.25 2.48 NSV 2.48 206
HR23-404 614.25 651.60 37.35 0.58 2 0.60 50
HR23-403 287.50 395.00 107.50 1.46 16 1.65 137
including 288.00 288.50 0.50 24.30 659 32.25 2673
including 342.00 346.00 4.00 12.37 143 14.09 1168
including 342.00 344.00 2.00 22.26 248 25.25 2093
including 371.00 372.00 1.00 11.55 7 11.64 965
HR23-402 613.78 652.00 38.22 1.81 2 1.84 152
including 613.78 617.66 3.88 7.05 5 7.11 589
including 614.85 615.85 1.00 12.80 4 12.85 1065
HR23-401 538.00 539.40 1.40 0.04 180 2.22 184
HR23-400 352.82 354.00 1.18 0.36 471 6.04 501
and 534.07 576.00 41.93 1.24 2 1.27 105
including 543.00 550.00 7.00 2.47 4 2.52 209
HR23-399 Results Pending
HR23-398 536.75 567.00 30.25 1.31 3 1.34 111
including 544.00 545.30 1.30 5.20 2 5.22 433

Table 1. con't. Completed Drill Hole Assays from the Homestake Silver Deposit Area

Hole ID From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
AuEq*
(g/t)
AgEq*
(g/t)
and 576.79 577.95 1.16 4.15 7 4.23 351
HR23-397 210.50 253.69 43.19 0.45 62 1.21 100
including 228.65 229.59 0.94 2.16 326 6.09 505
HR23-396 187.38 227.25 39.87 0.53 61 1.26 104
including 213.57 214.07 0.50 2.76 668 10.82 897
and 250.00 250.50 0.50 0.20 744 9.17 760
HR23-395 341.65 342.15 0.50 2.19 1715 22.88 1897
and 382.30 403.92 21.62 2.57 2 2.60 215
including 386.00 387.12 1.12 12.00 10 12.13 1005
including 396.87 401.50 4.63 6.40 4 6.45 534
including 396.87 398.40 1.53 10.45 6 10.53 873
HR23-394 Results Pending
HR23-393 560.70 562.75 2.05 NSV 364 4.44 368
HR23-389 Results Pending

*AuEq and AgEq are calculated using two precious metal components at $US1650/oz Au, $US20/oz Ag. Assays are not capped. No Significant Values (NSV)

**Estimated true widths vary depending on intersection angles and range from 50% to 90% of core lengths

Table 2. Drill Hole Collar Data for 2023 Homestake Silver Deposit Drilling Reported

Hole ID Easting
UTM83 (m)
Northing
UTM83 (m)
Elevation
(m)
Azimuth Dip Length
(m)
HR23-393 464252 6178460 703 235 -51 855.00
HR23-395 463581 6179029 834 225 -48 516.00
HR23-396 463642 6178780 857 235 -45 300.00
HR23-397 463642 6178780 857 230 -50 300.00
HR23-398 463581 6179029 834 225 -55 600.00
HR23-400 463607 6178909 841 223 -60 612.00
HR23-401 464118 6178529 720 230 -50 696.00
HR23-402 463714 6179021 798 220 -50 681.00
HR23-403 463607 6178909 841 230 -50 516.00
HR23-404 463714 6179021 798 23 -50 654.00
HR23-405 463607 6178909 841 235 -54 522.00
HR23-406 464017 6178679 738 223 -50 642.00
HR23-407 463677 6178837 828 223 -50 441.00
HR23-408 463737 6178684 819 223 -45 402.00
HR23-409 463677 6178837 828 223 -60 575.00
HR23-411 463947 6178487 748 235 -50 588.00
HR23-412 463737 6178684 819 223 -60 475.00
HR23-413 463690 6178787 827 223 -46 399.00
HR23-414 463631 6179194 814 225 -53 501.00
HR23-415 463690 6178787 827 223 -54 449.00
HR23-416 463693 6178746 833 223 -50 383.00
HR23-418 463352 6178808 997.35 275 -52 585.00
HR23-419 463693 6178746 833 223 -60 458.00

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed to 70% minus 2mm (10 mesh), of which a 500 gram split is pulverized to minus 200 mesh. Multi-element analyses were determined by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is also determined by fire assay on a 30g split with either atomic absorption, or gravimetric finish, depending on grade range. Metallic screen assays may be completed on very high grade samples.

Qualified Person

Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the "Qualified Person" as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

Dolly Varden Announces New Investor Relations Services Providers

The Company has entered into an agreement with Triomphe Holdings Ltd. (dba Capital Analytica) ("Capital Analytica") for investor relations and communication services (the "Consulting Agreement"). The Consulting Agreement has an initial term of six months, commencing January 1 , 2024 under which the Company will pay to Capital Analytica an aggregate of $120,000 at a rate of $20,000 per month, and has an option to renew the Consulting Agreement for an additional 6 months at a rate of $10,000 per month, unless terminated earlier in accordance with the Consulting Agreement.

Pursuant to the terms of the Consulting Agreement, Capital Analytica will provide ongoing capital markets consultation, ongoing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting, discussion forum monitoring and reporting, corporate video dissemination, and other related investor relations services.

Capital Analytica is a Nanaimo based company owned and operated by Jeff French who is arm's length to the Company and holds no securities, directly or indirectly of the Company.

The Company is also pleased to announce the engagement of Zoppa Media Group to provide additional investor relations services beginning effective January 12, 2024. Dolly Varden has entered into a consulting agreement with Zoppa Media Group (the "Services Agreement"), pursuant to which Zoppa Media Group will provide certain investor relations services including investor outreach and management of the Company's social media accounts in order to increase awareness regarding Dolly Varden. Pursuant to the Services Agreement, the Zoppa Media Group will provide such services on a month-to-month basis for a renewable one year term for a fee of $10,000 per month.

Zoppa Media Group is a Vancouver based company, owned by Diana Zoppa. Diana Zoppa has previously served Dolly Varden in an executive assistant role prior to gaining investor relations experience with a number of publicly trading companies. The Zoppa Media Group and Diana Zoppa hold 25,200 common shares of the Company.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corp. is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. 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 to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company's most recently filed annual management discussion & analysis ("MD&A") and management information circular dated January 21, 2022 (the "Circular"), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194209


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Dolly Varden Silver Corp.
Bergbau
A14VGG
CA2568272058

Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.