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Dolly Varden Intercepts 9.2 metres Grading 566 g/t Silver in the Moose-Lamb Zone

by pmnationtalk on October 11, 201821 Views

October 11, 2018 – Vancouver, BC: Dolly Varden Silver Corporation (TSXV: DV – OTCBB: DOLLF) (the “Company”, or “Dolly Varden”) is pleased to announce the results of the third batch of 10 drill holes from the 2018 diamond drilling program. The Dolly Varden Silver Property is in “The Golden Triangle” of northwestern British Columbia, Canada.

In the Moose-Lamb Zone, hole DV18-109 yielded 29.15 metres (22.33 m estimated true thickness) grading Ag 226.0 g/t, Pb 0.09 % and Zn 0.13 %, for a silver-equivalent of 237.1 g/t. Within this intercept are 9.20 metres (7.05 m estimated true thickness) grading Ag 566.0 g/t, Pb 0.03 % and Zn 0.07 %, for a silver-equivalent of 571.3 g/t.

Gary Cope, President & CEO, says; “The exploration program at Dolly Varden has progressed smoothly and drilling continues to yield high-grade silver intercepts. Additionally, assay results are pending from over 50 more drill holes.”

Hole/Zone From
(m)
To
(m)
Core
Length
Est.True
Thickness
Ag
(g/t)
Pb
(g/t)
Zn
(g/t)
Ag-Eq
(g/t)
DV18-098
Unnamed 148.40 149.35 0.95 0.67 159.0 0.08 0.09 167.3
DV18-099 Results Reported on 6 September 2018 News Release
DV18-100 Results Reported on 6 September 2018 News Release
DV18-101
Unnamed 80.00 81.50 1.50 1.15 18.7 0.31 0.92 82.1
Includes 81.00 81.50 0.50 0.38 28.6 0.73 1.11 121.5
Unnamed 94.00 98.35 4.35 3.33 65.6 0.69 0.82 141.7
Includes 95.00 98.35 3.35 2.57 80.0 0.89 0.94 171.8
Includes 97.85 98.35 0.50 0.38 226.0 4.46 0.03 433.9
Moose-L 125.00 132.00 7.00 5.36 15.4 0.50 4.67 288.6
Includes 130.00 132.00 2.00 1.53 19.3 1.60 15.70 934.5
Includes 131.00 132.00 1.00 0.77 32.3 2.83 28.50 1,690.0
Torbrit-N 360.50 368.20 7.70 6.67 59.0 0.01 0.07 63.6
Includes 365.50 367.50 2.00 1.73 103.1 0.02 0.05 106.7
Includes 365.50 366.00 0.50 0.43 179.0 0.01 0.08 184.0
Unnamed 405.70 406.30 0.60 0.56 454.0 1.73 0.15 541.7
DV18-102
Torbrit-E 99.00 105.05 6.05 5.96 46.7 0.04 0.04 50.7
Includes 99.00 100.00 1.00 0.98 137.0 0.04 0.05 141.2
DV18-103
Unnamed 90.00 91.00 1.00 0.97 8.9 0.19 1.82 115.1
Unnamed 94.00 95.00 1.00 0.97 1.5 0.20 2.09 122.6
Moose-L 110.00 122.50 12.50 12.07 132.5 0.65 0.50 189.1
Includes 111.50 120.10 8.60 8.31 170.1 0.83 0.30 224.8
Includes 115.25 120.10 4.85 4.68 224.3 1.23 0.27 295.8
Includes 119.05 120.10 1.05 1.01 572.0 0.90 0.35 632.2
Unnamed 176.15 176.75 0.60 0.58 121.0 0.07 0.12 130.4
Unnamed 189.70 190.90 1.20 1.16 176.0 0.35 0.33 209.8
Unnamed 199.40 200.00 0.60 0.58 73.5 0.03 0.05 77.9
Unnamed 203.55 204.40 0.85 0.82 62.1 0.04 0.02 65.2
DV18-104
Moose-L 128.90 129.90 1.00 0.71 6.5 0.01 0.87 53.3
Unnamed 387.20 391.00 3.80 2.44 32.0 0.32 0.13 53.6
Includes 387.20 387.70 0.50 0.32 98.0 0.37 0.32 132.0
Unnamed 437.90 438.40 0.50 0.32 44.0 0.08 0.10 53.1
DV18-105 Results Reported on 6 September 2018 News Release
DV18-106
Unnamed 68.30 70.30 2.00 1.88 37.3 0.36 0.31 70.4
Moose-L 83.85 91.80 7.95 7.47 9.1 0.21 3.15 187.7
Includes 83.85 86.80 2.95 2.77 16.8 0.25 4.36 262.1
Includes 83.85 84.85 1.00 0.94 17.6 0.21 8.53 484.2
DV18-107 No Significant Intercepts
DV18-108
Unnamed 222.30 224.00 1.70 1.20 43.9 0.02 0.03 46.1
DV18-109
Moose-L 122.85 152.00 29.15 22.33 226.0 0.09 0.13 237.1
Includes 137.40 150.50 13.10 10.04 437.3 0.03 0.06 441.9
Includes 137.40 146.60 9.20 7.05 566.0 0.03 0.07 571.3
Includes 137.40 142.40 5.00 3.83 714.6 0.05 0.08 721.3
Includes 140.40 141.40 1.00 0.77 1,270.0 0.05 0.14 1,280.0
Unnamed 161.00 164.50 3.50 2.68 84.8 0.11 0.45 113.9
Includes 163.70 164.50 0.80 0.61 173.0 0.16 0.87 226.8
Unnamed 388.70 389.70 1.00 0.64 42.8 0.02 0.08 48.0
Unnamed 396.70 404.35 7.65 4.92 39.8 0.02 0.08 44.8
Includes 403.20 404.35 1.15 0.74 117.0 0.02 0.08 122.1
Torbrit-N 411.50 421.00 9.50 6.11 41.8 0.02 0.05 45.3
Includes 411.50 413.05 1.55 1.00 102.0 0.01 0.06 106.0
Unnamed 430.20 430.80 0.60 0.39 94.9 0.10 0.09 104.3
DV18-110 No Significant Intercepts

Silver Equivalent (Ag-Eq) is based on long term metal prices of Ag=$16.00/oz, Pb=$1.08/lb and Zn=$1.25/lb. No provision has been made for relative metal recovery, so Ag-Eq values assume 100% recovery. Ag-Eq = Ag + (Pb%*22.046*Pbprice*31.103/Agprice) + (Zn%*22.046*Znprice*31.103/Agprice).

A mineralized zone does not normally receive a name designation until several intercepts have pierced the same structure. The term “Unnamed” is used for intercepts of interest, but which have not yet been linked from hole to hole.

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 the Dolly Varden deposits.

The Torbrit North and Torbrit East 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.

The Moose Lamb target discovery is an epithermal vein-style of mineralization and is similar to mineralization at the historic Dolly Varden Mine. It is adjacent to a major syn-basinal fault by the same name.

Exploration drilling is also marked for the Potassic Alteration Belt and in the Gold Belt Transect on the western side of the valley.

Analytical testing was performed by ALS Canada Ltd. in Vancouver, British Columbia. Multi-element analyses was 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. A QA/QC procedure is maintained through the insertion of certified geo-standards provided by CDN Resource Laboratories Ltd., as well as the insertion of blanks, in the sample stream.

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.

Hole Northing Easting Elevation Azimuth Dip Length (m)
DV18-098 6171577.7 468066.5 467.0 043 -46 378
DV18-101 6171740.0 467804.0 350.5 045 -70 476
DV18-102 6171270.0 468246.0 527.0 040 -70 329.5
DV18-103 6171740.0 467804.0 350.5 045 -46 342
DV18-104 6171696.0 467839.0 356.0 040 -70 476
DV18-106 6171696.0 467839.0 356.0 040 -47 271
DV18-107 6171270.0 468246.0 527.0 135 -60 227
DV18-108 6172891.0 467604.0 465.0 130 -47 398
DV18-109 6171696.0 467839.0 356.0 040 -77 602
DV18-110 6172891.0 467604.0 465.0 040 -47 407
Total: 3,906.5 m

About Dolly Varden

Dolly Varden 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 new management provided by the experienced Belcarra Group Management Ltd. (“Belcarra Group”). The Belcarra Group is comprised of highly qualified mining professionals.

Dolly Varden is also a member of the British Columbia Regional Mining Alliance (“BCRMA”), a cooperative effort between First Nations, Industry and the BC Provincial Government, to promote mining activities and investment in the northwestern region.

Additional information about the Company and its activities may be found on the Company’s website www.dollyvardensilver.comand under the Company’s profile at www.sedar.com.

Contact Information:

Dolly Varden Silver Corporation
Gary Cope, President and CEO
1-604-687-8566
www.dollyvardensilver.com

Dolly Varden Silver Corporation
Alex Tsakumis, VP – Corporate Development
1-604-687-8566
Email: alex@belcarragroup.com

NT4

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