Dolly Varden Silver (DV.v DOLLF) has entered into an agreement with Libero Copper & Gold to earn a 100% undivided interest in the southern portion of the Big Bulk Project thus consolidating the entire copper-gold porphyry system. Comprised of 7 mineral claims, the Big Bulk Property spans 3,025 hectares in the Golden Triangle, British Columbia and is surrounded by Helca Mining's Kinskuch Project.
Hosting multiple phases of intrusive rocks, recent work indicated that Big Bulk is the northernmost porphyry of a string of several porphyry mineralized systems of multiple geologic ages that extend 30km south to the New Moly LLC's Eocene-age Kitsault molybdenum deposit. Previous drilling encountered porphry-style alteration with copper and gold mineralization associated with quarts chalcopyrite/pyrite stockwork veins. However, a new interpretation of the geology based on recent geologic mapping indicates that the target is a much larger calc-alkaline porphyry system tilted on its side, similar in age and structural setting to the Kerr-Sulpherets-Mitchell deposits.
With an existing land used agreement and exploration permit in place, this agreement will consolidate the Big Bulk copper-gold mineralized calc-alkali porphyry system of the Texas Creek plutonic suite, and incorporate the historic data sets into a complete geologic model.
DV President & CEO, Shawn Khunkhun, commented:
"We have been continuing to seek accretive consolidation opportunities in the area and the amalgamation of the southern portion of the Big Bulk copper gold porphyry with Dolly Varden's portion is our latest step,"
"In the Golden Triangle, porphyry systems can represent metallogenic feeders to high-grade vein systems, such as the KSM Deposit that occurs adjacent to the Brucejack Mine. Big Bulk may represent a causative mineralized porphyry to the high-grade silver and gold deposits 10 kilometres to the west at the Kitsault Valley Trend."
Full News Release:
https://dollyvardensilver.com/dolly-varden-silver-consolidates-big-bulk-copper-gold-porphyry-property/