Today, Dolly Varden Silver Corp. (TSXV: DV) (OTC: DOLLF) reported significant drill results from its 2023 program at the Homestake Silver deposit of its Kitsault Valley project in BC's Golden Triangle. The 23 drill holes, totalling 12,150 meters of drilling, targeted priority zones within the deposit and have expanded the width and extent of the high-grade silver and gold mineralized plunge.
Full press release: https://dollyvardensilver.com/dolly-varden-silver-intersects-93-95-m-of-357-g-t-ageq-including-9422-g-t-ageq-over-1-02m-expanding-homestake-silver-high-grade-trend/
A notable highlight from the drilling includes hole HR23-416, which intersected a mineralized envelope of 357 g/t AgEq over 93.95 meters, including breccia vein intervals grading 2,802 g/t AgEq over 9.16 meters and an impressive 9,422 g/t AgEq over 1.02 meters.
"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 amenable to bulk underground mining methods," stated Shawn Khunkhun, CEO of Dolly Varden Silver.
The drilling focused on defining and expanding the wide gold and silver 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.
Results from additional step-out holes to the north are pending.
Dolly Varden's Kitsault Valley project is strategically positioned in the Golden Triangle, benefiting from the region's rich history of mineral exploration and production.
The project is part of the BC Regional Mining Alliance, fostering collaboration among industry stakeholders for the development of mining activities within British Columbia.
For more info on Dolly Varden, this DD package provides a great overview of the company and gives relevant background information which further contextualizes today's news: https://www.reddit.com/r/Wallstreetsilver/comments/194c7dz/dolly_varden_silver_dvv_dollf_why_this_continues/
Post on behalf of Dolly Varden Silver Corp.