Today, Dolly Varden Silver (DV.v DOLLF) announce the first results from its 2024 exploration program, intersecting high-grade silver mineralization, 978g/t Ag over 5m including 3,670g/t Ag over 0.79m, at the Moose Vein within the Kitsault Valley Project.
With three rigs currently drilling with 25 holes completed or in-progress, highlights include:
- Moose Vein: 977g/t Ag over 5m including 3,670g/t Ag over 0.79m
- Chance Vein: 206g/t over 23.03m including 597g/t Ag over 1.40m and 749g/t Ag over 0.50m
DV CEO, Shawn Khunkhun, commented:
"These excellent results from the first hole at the Moose Vein from the 2024 program exhibits similar geological and mineralization features to the Wolf deposit located 1,400 meter south, suggests that this area has potential to emerge into the northernmost silver deposit along the 5 kilometer long trend that also hosts the Dolly Varden, Torbit and North Star deposits. Limited drilling has been completed at Moose and the robust nature of the mineralized structure suggests a strong mineralizing system. Additionally, the first results over a significant width from the Chance Vein are also very encouraging,"
The Moose Vein
Located 1.4km north of the Wolf vein, Moose has a similar crosscutting structure that projects under the mid valley sedimentary cap.
The drill hole targeted the up plunge mineralization projection ~45m from previously reported mineralized interval of 712g/t Ag over 1m within a wider vein interval grading 269g/t Ag over 7.55m.
Further, the vein remains wide open for expansion.
The Chance Vein
Located 1.3km northeast of the Moose Vein, Chance is within the lower portion of the Hazelton Formation, above the contact with the underlying Stuhini Formation.
Drilling targeted the interpreted plunge direction of silver mineralization in an area that has not. Been previously tested.
The drill hole tested ~30m down the interpreted plunge projection from drilling completed in the 1960s.
High-Grade Silver Opportunity in Top Jurisdiction
Boasting a 140M high-grade and pure-silver resource, DV's Kitsault Valley Project hosts several primary silver deposits with over 95% of the metal value from silver, making it a very rare project.
Focused on advancing and de-risking its existing silver resources while continuing to explore the highly prospective project for new discoveries, DV sees the potential to build several silver deposits in the 50-60M ounce range in the project area.
As one of the few pure-play silver companies in a top jurisdiction, DV offers unique exposure to the silver market amid silvers supply forecast remaining in deficit due to rising industrial demand.
Full News Release: https://dollyvardensilver.com/dolly-varden-silver-intersects-978-g-t-ag-over-5-00-meters-including-3670-g-t-ag-over-0-79m-at-moose-vein/
Posted on Behalf of Dolly Varden Silver Corp.