DV Drills 978 g/t Ag over 5m, Incl 3,670 g/t Ag over 0.5m Dolly Varden Silver (Ticker: DV.v or DOLLF for US investors) is a mining company focused on the exploration and development of high-grade silver deposits. The company is actively engaged in the Kitsault Valley Project, which includes the Dolly Varden, Torbit and North Star deposits and the Moose, Wolf and Chance Veins. Dolly Varden's recent drilling efforts have yielded significant silver mineralization, underscoring the potential of this mineral-rich region.
Exploration Highlights
Moose Vein: The standout intersection here revealed 978 g/t Ag over 5m, with a particularly rich segment of 3,670 g/t Ag over 0.79m
Chance Vein: One hole produced 206 g/t Ag over 23.03m, including notable intervals of 597 g/t Ag over 1.4m and 749 g/t Ag over 0.5m
These findings suggest that the Moose Vein, located 1.4 kilometers north of the Wolf Vein, could become a major silver deposit along the Kitsault Valley's mineralized trend, which also includes the Dolly Varden, Torbit, and North Star deposits. CEO Shawn Khunkhun highlighted the geological similarities to the Wolf deposit, underscoring the potential of the Moose Vein area.
Geological Context
The Moose Vein's high-grade results come from a crosscutting structure beneath the mid-valley sedimentary cap. The targeted up-plunge mineralization extends 45 meters from previously reported mineralized zones, indicating a robust mineralizing system that remains open for expansion.
Meanwhile, the Chance Vein is positioned 1.3 kilometers northeast of Moose Vein, within the lower Hazelton Formation, near its contact with the Stuhini Formation. This vein, targeted for the first time in areas previously untested since the 1960s, confirmed significant silver mineralization down the plunge projection.
Conclusion
The initial results from Dolly Varden's 2024 exploration program are highly encouraging, indicating the potential for significant high-grade silver deposits at both the Moose and Chance Veins. As drilling continues, further exploration is expected to expand these promising zones and enhance the overall understanding of the Kitsault Valley's mineralization.
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Posted on behalf of Dolly Varden Silver Corp.