1,091g/t Silver over 9.38m Returned from Wolf Vein 1,091g/t Silver over 9.38m Returned from Dolly Varden Silver's (DV.v DOLLF) Wolf Vein Assays
Amid advancing its 100% owned Kitsault Valley Project in British Columbia's Golden Triangle, Dolly Varden Silver's (DV.v DOLLF) returned 1,091g/t silver over 9.38m from the Wolf Vein step out.
Hosting high-grade silver and gold resources, the project's recent expansion includes the Big Bulk project, which is prospective for copper and gold mineralization.
Significant Drill Results from Wolf Vein
A notable result from the 40-meter southwest Wolf Vein step-out showed 1,091 g/t silver over 9.38 meters with significant base metal grades.
This is part of DV's strategy to explore a mineralized plunge that appears to be expanding with depth.
Notably, “Step-out holes are higher risk and higher reward than infill drilling” as detailed by DV's VP of Exploration, ” Rob van Egmond, P.Geo, and DV "is exploring a mineralized plunge that is returning high grade results, and appears to be getting wider, as we go deeper.”
Further, DV is seeing significant native silver in the core, which is easier to extract metallurgically speaking.
2024 Drilling Program Objectives
Allowing for precise targeting without the need for extensive surface drilling, DV is employing directional drilling which is particularly beneficial for exploring the Wolf Vein and helps in cost management.
The current drilling program includes the mobilization of three rigs and an initial plan to drill 25,000 meters, focusing on the Homestake Silver and Wolf Deposits while also pursuing new discoveries.
Having increased its precious metal inventory 300% in the last four years, DV sees significant growth potential in unexplored areas of the property with three assays pending from three additional "daughter" holes.
Trading at about $1.80 an ounce in the ground, compared to the average company trading at about $4 an ounce, DV is at a lower valuation compared to industry averages, with expectations for a revaluation if high-grade silver continues to be discovered.
Source: https://www.thenewswire.com/press-releases/1Be9FqEnJ-dolly-varden-silver-s-wolf-vein-assays-return-1-091-g-t-silver-over-9-38-meters.html
For more information, check out this interview with DV's CEO Shawn Khunkhun at the Rule Symposium last month: https://www.youtube.com/watch?v=Zi0WMTjdt1I
Posted on Behalf of Dolly Varden Silver Corp.