VANCOUVER, Jan. 14, 2019 /CNW/ - Dolly Varden Silver
Corporation (TSXV: "DV" – OTCBB: "DOLLF") (the
"Company", or "Dolly Varden") has completed the field
component of their 2018-19 exploration program. The program was
very successful, with 85 diamond drill holes totalling 29,108
metres being completed before the winter shutdown of surface
activities. The Dolly Varden Silver Property is in "The Golden
Triangle" of northwestern British
Columbia, Canada.
Gary Cope, President & CEO,
says; "The Dolly Varden Mining Camp contains multiple
mineralized deposits within a 5 kilometre radius. The current
resource is based on only four deposits (Dolly Varden Mine, Torbrit Mine, North Star and Wolf). Near these four deposits
are significant 2018 drilling intercepts in Torbrit North, Torbrit
East, Moose Lamb, Kitsol and Bonus zones. Work has now shifted to
engineering and scientific studies prior to next spring's
fieldwork."
Highlights of the 2018 drilling program:
Zone
|
Hole
|
From
(m)
|
To
(m)
|
Core
Length
|
Est
True
Width
|
Ag
(g/t)
|
Pb
(%)
|
Zn
(%)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Torbrit
|
DV18163
|
54.75
|
130.20
|
75.45
|
65.34
|
418.9
|
0.28
|
0.14
|
439.1
|
|
Incl.
|
54.75
|
70.75
|
16.00
|
13.86
|
1,240.4
|
0.29
|
0.16
|
1,262.2
|
|
|
|
|
|
|
|
|
|
|
Torbrit
|
DV18164
|
71.20
|
147.00
|
75.80
|
53.60
|
155.2
|
0.63
|
0.32
|
201.3
|
|
Incl.
|
71.20
|
103.00
|
27.80
|
19.66
|
301.3
|
0.30
|
0.18
|
324.9
|
|
|
|
|
|
|
|
|
|
|
Dolly-L
|
DV18142
|
245.75
|
253.60
|
7.85
|
6.01
|
71.2
|
5.43
|
3.92
|
532.6
|
|
Incl.
|
249.80
|
253.60
|
3.80
|
2.91
|
130.8
|
11.20
|
7.88
|
1,071.3
|
|
|
|
|
|
|
|
|
|
|
Dolly-U
|
DV18154
|
113.03
|
125.35
|
12.32
|
12.13
|
189.7
|
0.13
|
0.74
|
235.7
|
|
Incl.
|
113.03
|
114.50
|
1.47
|
1.45
|
1,389.5
|
0.52
|
0.69
|
1,450.3
|
|
|
|
|
|
|
|
|
|
|
Dolly-U
|
DV18158
|
82.35
|
89.70
|
7.35
|
7.10
|
247.3
|
0.90
|
1.92
|
391.9
|
|
Incl.
|
82.35
|
86.00
|
3.65
|
3.53
|
412.9
|
1.14
|
3.32
|
643.9
|
|
|
|
|
|
|
|
|
|
|
Kitsol
|
DV18131
|
146.00
|
177.00
|
31.00
|
30.38
|
302.2
|
0.26
|
0.41
|
336.2
|
|
Incl.
|
167.00
|
171.70
|
4.70
|
4.61
|
534.5
|
0.06
|
0.18
|
546.8
|
|
|
|
|
|
|
|
|
|
|
Kitsol
|
DV18135
|
170.00
|
192.15
|
22.15
|
21.81
|
332.8
|
0.45
|
0.22
|
365.3
|
|
Incl.
|
173.10
|
177.15
|
4.05
|
3.99
|
1,112.7
|
0.32
|
0.35
|
1,146.5
|
|
|
|
|
|
|
|
|
|
|
Moose
|
DV18103
|
110.00
|
122.50
|
12.50
|
12.07
|
132.5
|
0.65
|
0.50
|
189.1
|
|
Incl.
|
115.25
|
120.10
|
4.85
|
4.68
|
224.3
|
1.23
|
0.27
|
295.8
|
|
|
|
|
|
|
|
|
|
|
Moose
|
DV18109
|
122.85
|
152.00
|
29.15
|
22.33
|
226.0
|
0.09
|
0.13
|
237.1
|
|
Incl.
|
137.40
|
146.60
|
9.20
|
7.05
|
566.0
|
0.03
|
0.07
|
571.3
|
|
|
|
|
|
|
|
|
|
|
Torbrit-N
|
DV18086
|
400.68
|
409.00
|
8.32
|
8.07
|
248.4
|
0.15
|
0.10
|
261.0
|
|
Incl.
|
407.00
|
409.00
|
2.00
|
1.94
|
559.5
|
0.06
|
0.10
|
567.7
|
|
|
|
|
|
|
|
|
|
|
Torbrit-E
|
DV18105
|
117.00
|
141.00
|
24.00
|
22.55
|
287.5
|
0.29
|
0.11
|
306.6
|
|
Incl.
|
124.00
|
132.00
|
8.00
|
7.52
|
585.2
|
0.49
|
0.11
|
613.8
|
|
|
|
|
|
|
|
|
|
|
Bonus
|
DV18083
|
123.50
|
139.00
|
15.50
|
7.75
|
161.4
|
0.25
|
0.20
|
183.7
|
|
Incl.
|
123.50
|
128.15
|
4.65
|
2.33
|
347.0
|
0.16
|
0.16
|
363.0
|
|
|
|
|
|
|
|
|
|
|
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).
The 2018 drilling program was designed to focus on resource
delineation and verification, particularly in the areas of the new
discoveries from the 2017 exploration season. Drilling results from
the 2018 program were released in six batches (see news releases of
August 12, September 6, October
11, November 19, and
December 6, 2018, plus January 7, 2019).
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. Bonus zone is above the Torbrit
North target. 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. The Kitsol Zone also
shows similarities to the epithermal vein-style mineralization and
is located on the west side of the Kitsault River, approximately
1.7 kilometres to the northwest.
Exploration drilling was also undertaken in the Potassic
Alteration Belt – Musketeer Sector and in the pyrite-sericite
alteration Goldbelt Sector 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 reference material 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. To verify the technical information, both Qualified
Persons have visited the project site on numerous occasions during
the 2018 field season, with the latest site visit in October,
2018.
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 and financial 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.com and
under the Company's profile at www.sedar.com.
FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements.
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 relates to,
among other things, the results of previous field work and
programs, results of mineral resource estimate on the project, the
potential to grow the project, the potential to expand the
mineralization, the planning for further exploration work, the
ability to de-risk the potential exploration targets, and our
belief about the unexplored portion of the property. These
forward-looking statements are based on management's current
expectations and beliefs 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.
Note: Mineral resources are not mineral reserves, and thus have
not demonstrated economic viability.
For additional information on risks and uncertainties, see the
Company's most recently filed annual management discussion &
analysis ("MD&A"), which is available on SEDAR at
www.sedar.com and on the Company's website at
www.dollyvardensilver.com. The risk factors identified in the
MD&A are not intended to represent a complete list of factors
that could affect the Company.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
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SOURCE Dolly Varden Silver Corp.