VANCOUVER, Dec. 6, 2018 /CNW/ - Dolly Varden Silver
Corporation (TSXV: "DV" – OTCBB: "DOLLF") (the "Company", or "Dolly Varden") is pleased to announce the results
of the fifth batch of 12 drill holes from the 2018 diamond drilling program. In total, this year's program consisted of 29,108
metres in 84 drill holes. There are still 13 drill holes to be announced pending receipt of assays. The Dolly Varden Silver
Property is in "The Golden Triangle" of northwestern British Columbia, Canada.
In the Kitsol Zone, located 1.5 km northwest of the Torbrit Mine, hole DV18-135 yielded 22.15 metres (21.81 m estimated true thickness) grading Ag 332.8 g/t, Pb 0.45 % and Zn 0.22 %, for a silver-equivalent of
365.3 g/t. Within this intercept are 4.05 metres (3.99 m estimated true thickness) grading Ag
1,112.7 g/t, Pb 0.32 % and Zn 0.35 %, for a silver-equivalent of 1,146.5 g/t.
In the Dolly Varden Mine area, below the historic mine workings, hole DV18-154 yielded 12.32 metres (12.13 m estimated true thickness) grading Ag 189.7 g/t, Pb 0.13 % and Zn 0.74 %, for a silver-equivalent of
235.7 g/t. Within this intercept are 1.47 metres (1.45 m estimated true thickness) grading Ag
1,389.5 g/t, Pb 0.52 % and Zn 0.69 %, for a silver-equivalent of 1,450.3 g/t.
Gary Cope, President & CEO, says; "The Kitsol Zone hit is 50 metres away from the
high-grade silver intercept announced on November 19th and represents a promising silver
target on the property. It is outside of the 2015 resource estimate block model. In viewing the Dolly Varden Property as a whole,
it should be noted that there are multiple silver deposits and high-grade silver targets within a 5 kilometre radius."
The Musketeer exploration holes have been recorded in a separate table from the Torbrit and Dolly
Varden Mines area. The Musketeer area is located approximately 2.5 km north of the Torbrit Mine in the same structural and
alteration trend.
Torbrit and Dolly Varden Mines Area
Hole/Zone
|
From
(m)
|
To
(m)
|
Core
Length
|
Est True
Width
|
Ag
(g/t)
|
Pb
(g/t)
|
Zn
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
DV18-123
|
|
|
|
|
|
|
|
|
Unnamed
|
171.00
|
179.00
|
8.00
|
7.88
|
35.8
|
0.10
|
0.02
|
41.6
|
Includes
|
175.00
|
179.00
|
4.00
|
3.93
|
48.1
|
0.16
|
0.02
|
56.4
|
Includes
|
177.00
|
179.00
|
2.00
|
1.97
|
64.0
|
0.26
|
0.02
|
77.1
|
Torbrit-E
|
204.00
|
237.00
|
33.00
|
33.00
|
58.1
|
0.66
|
0.22
|
100.1
|
Includes
|
214.00
|
233.00
|
19.00
|
19.00
|
74.2
|
0.94
|
0.25
|
131.3
|
Includes
|
213.00
|
216.00
|
3.00
|
3.00
|
204.7
|
0.06
|
0.11
|
213.5
|
Includes
|
215.00
|
216.00
|
1.00
|
1.00
|
423.0
|
0.10
|
0.18
|
437.2
|
|
|
|
|
|
|
|
|
|
DV18-124 to DV18-129
|
(Previously Reported November 19, 2018)
|
|
|
|
|
|
|
|
|
|
DV18-130
|
|
|
|
|
|
|
|
|
Unnamed
|
65.00
|
68.50
|
3.50
|
2.68
|
17.4
|
0.21
|
1.60
|
113.2
|
Includes
|
65.00
|
67.00
|
2.00
|
1.53
|
22.6
|
0.31
|
2.54
|
173.1
|
|
|
|
|
|
|
|
|
|
DV18-131
|
(Previously Reported November 19, 2018)
|
|
|
|
|
|
|
|
|
|
DV18-132
|
(See under Exploration – Musketeer Ag-Pb-Zn Sector)
|
|
|
|
|
|
|
|
|
|
DV18-133
|
(See under Exploration – Musketeer Ag-Pb-Zn Sector)
|
|
|
|
|
|
|
|
|
|
DV18-134
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-135
|
|
|
|
|
|
|
|
|
Kitsol
|
170.00
|
192.15
|
22.15
|
21.81
|
332.8
|
0.45
|
0.22
|
365.3
|
includes
|
173.10
|
191.50
|
18.40
|
18.12
|
387.0
|
0.33
|
0.20
|
413.2
|
Includes
|
173.10
|
177.15
|
4.05
|
3.99
|
1,112.7
|
0.32
|
0.35
|
1,146.5
|
Includes
|
176.00
|
177.15
|
1.15
|
1.13
|
2,900.0
|
0.59
|
0.53
|
2,955.8
|
Kitsol-FW
|
199.00
|
211.50
|
12.50
|
12.31
|
60.3
|
0.13
|
0.24
|
79.3
|
Includes
|
206.50
|
210.00
|
3.50
|
3.45
|
92.1
|
0.20
|
0.22
|
113.2
|
Includes
|
208.50
|
210.00
|
1.50
|
1.48
|
98.9
|
0.36
|
0.39
|
136.3
|
Unnamed
|
236.45
|
238.00
|
1.55
|
1.53
|
35.7
|
0.10
|
0.08
|
44.5
|
|
|
|
|
|
|
|
|
|
DV18-136 to DV18-146
|
(Previously Reported November 19, 2018)
|
|
|
|
|
|
|
|
|
|
DV18-147
|
(See under Exploration – Musketeer Ag-Pb-Zn Sector)
|
|
|
|
|
|
|
|
|
|
DV18-148
|
|
|
|
|
|
|
|
|
Dolly-U
|
163.55
|
172.70
|
9.15
|
8.60
|
23.0
|
0.04
|
0.45
|
49.1
|
Includes
|
167.00
|
169.60
|
2.60
|
2.44
|
62.5
|
0.07
|
0.63
|
99.5
|
Includes
|
167.00
|
168.00
|
1.00
|
0.94
|
131.0
|
0.17
|
0.64
|
173.0
|
|
|
|
|
|
|
|
|
|
DV18-149
|
(See under Exploration – Musketeer Ag-Pb-Zn Sector)
|
|
|
|
|
|
|
|
|
|
DV18-150
|
|
|
|
|
|
|
|
|
Unnamed
|
138.50
|
139.50
|
1.00
|
0.82
|
39.6
|
0.03
|
0.64
|
75.0
|
Dolly-U
|
148.45
|
168.65
|
20.20
|
16.55
|
11.9
|
0.04
|
0.61
|
46.4
|
Includes
|
150.50
|
156.20
|
5.70
|
4.67
|
17.1
|
0.03
|
1.02
|
73.3
|
Includes
|
150.50
|
151.75
|
1.25
|
1.02
|
23.4
|
0.02
|
2.70
|
169.1
|
Dolly-L
|
187.00
|
188.30
|
1.30
|
1.22
|
365.0
|
0.20
|
0.64
|
408.8
|
|
|
|
|
|
|
|
|
|
DV18-151
|
(See under Exploration – Musketeer Ag-Pb-Zn Sector)
|
|
|
|
|
|
|
|
|
|
DV18-152
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-153
|
(See under Exploration – Musketeer Ag-Pb-Zn Sector)
|
|
|
|
|
|
|
|
|
|
DV18-154
|
|
|
|
|
|
|
|
|
Dolly-U
|
113.03
|
130.00
|
16.97
|
16.71
|
147.5
|
0.10
|
0.65
|
187.2
|
Includes
|
113.03
|
125.35
|
12.32
|
12.13
|
189.7
|
0.13
|
0.74
|
235.7
|
Includes
|
113.03
|
114.50
|
1.47
|
1.45
|
1,389.5
|
0.52
|
0.69
|
1,450.3
|
Includes
|
113.03
|
113.63
|
0.60
|
0.59
|
3,110.0
|
1.19
|
1.37
|
3,238.5
|
|
|
|
|
|
|
|
|
|
DV18-155
|
|
|
|
|
|
|
|
|
Dolly-U
|
77.80
|
89.37
|
11.57
|
11.39
|
184.5
|
0.13
|
0.79
|
232.9
|
Includes
|
77.80
|
80.95
|
3.15
|
3.10
|
610.1
|
0.39
|
0.95
|
679.4
|
Includes
|
78.63
|
79.55
|
0.92
|
0.91
|
1,580.0
|
0.61
|
1.69
|
1,698.6
|
|
|
|
|
|
|
|
|
|
DV18-156
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-157
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-158
|
|
|
|
|
|
|
|
|
Dolly-U
|
82.35
|
89.70
|
7.35
|
7.10
|
247.3
|
0.90
|
1.92
|
391.9
|
Includes
|
82.35
|
86.00
|
3.65
|
3.53
|
412.9
|
1.14
|
3.32
|
643.9
|
Includes
|
85.00
|
86.00
|
1.00
|
0.97
|
1,010.0
|
1.02
|
1.70
|
1,148.3
|
|
|
|
|
|
|
|
|
|
DV18-159
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-160
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-161
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-162
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-163
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-164
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
Exploration – Musketeer Ag-Pb-Zn Sector
Hole/Zone
|
From
(m)
|
To
(m)
|
Core
Length
|
Est.True
Width
|
Ag
(g/t)
|
Pb
(g/t)
|
Zn
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
DV18-132
|
|
|
|
|
|
|
|
|
Unnamed
|
115.00
|
116.00
|
1.00
|
0.77
|
161.0
|
0.19
|
0.19
|
179.6
|
Unnamed
|
231.40
|
232.00
|
0.60
|
0.46
|
62.9
|
0.05
|
0.05
|
67.7
|
|
|
|
|
|
|
|
|
|
DV18-133
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-139
|
|
|
|
|
|
|
|
|
Unnamed
|
133.50
|
134.20
|
0.70
|
0.61
|
150.0
|
0.05
|
0.07
|
156.1
|
|
|
|
|
|
|
|
|
|
DV18-147
|
No Significant Intercepts
|
|
|
|
|
|
|
|
|
|
DV18-149
|
No Significant Intercepts
|
|
|
|
|
|
|
|
|
|
DV18-151
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
DV18-153
|
TBA – RESULTS PENDING
|
|
|
|
|
|
|
|
|
|
Silver Equivalent (Ag-Eq) is based on long term metal prices of Ag=$16.00/oz, Pb=$1.08/lb and Zn=$1.25/lb. No provision has been made for relative metal recovery,
so Ag-Eq values assume 100% recovery. Ag-Eq = Ag + (Pb%*22.046*Pbprice*31.103/Agprice) + (Zn%*22.046*Znprice*31.103/Agprice).
A mineralized zone does not normally receive a name designation until several intercepts have pierced the same structure. The
term "Unnamed" is used for intercepts of interest, but which have not yet been linked from hole to hole.
The 2018 drilling program is designed to focus on resource delineation and verification, particularly in the areas of the new
discoveries from the 2017 exploration season (see news releases of August 29, November 27 and December 4, 2017). These include Torbrit North, Torbrit
East and Moose-Lamb targets, as well as areas around the Torbrit and the Dolly Varden deposits. Drilling
results from the 2018 program also were released in four earlier batches (see news releases of August
12, September 6, October 11 and November 19, 2018).
The Torbrit North and Torbrit East discoveries are of the exhalative-style of silver and base metal mineralization along the
Dolly Varden – Torbrit Horizon ("DVTH"), similar to the historic Torbrit Mine, but located in parallel and/or fault offset
basins. The Torbrit North target is located 200 metres north and 220 metres deeper than the historic Torbrit Mine, in the
footwall block northeast of the Moose-Lamb Fault. The Torbrit East target is located 70 metres east and 60 metres higher than the
historic Torbrit Mine, in the hanging-wall block southwest of the Moose-Lamb Fault.
The Moose Lamb target discovery is an epithermal vein-style of mineralization and is similar to mineralization at the historic
Dolly Varden Mine. It is adjacent to a major syn-basinal fault by the same name. The Kitsol Zone also shows similarities to the
epithermal vein-style mineralization.
Exploration drilling was undertaken in the Potassic Alteration Belt – Musketeer Sector and in the pyrite-sericite alteration
Goldbelt Sector on the western side of the valley.
Analytical testing was performed by ALS Canada Ltd. in Vancouver, British Columbia.
Multi-element analyses was determined by Inductively–Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid
digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric
finish, depending on grade range. A QA/QC procedure is maintained through the insertion of certified reference material
geo-standards provided by CDN Resource Laboratories Ltd., as well as the insertion of blanks, in the sample stream.
Technical Information and Qualified Persons
Ben Whiting, P.Geo., Vice President of Exploration and Robert van
Egmond, P.Geo., Chief Geologist for Dolly Varden, serve as 'Qualified Persons' as defined in NI 43-101, and have approved
the scientific and technical information contained in this news release. To verify the technical information, both Qualified
Persons have visited the project site on numerous occasions during the 2018 field season, with the latest site visit in October,
2018.
Hole
|
Northing
|
Easting
|
Elevation
|
Azimuth
|
Dip
|
Length (m)
|
DV18-123
|
6171406
|
468336
|
642
|
220
|
-80
|
294
|
DV18-130
|
6171798
|
467803
|
356
|
40
|
-83
|
356
|
DV18-132
|
6172532
|
467722
|
493
|
130
|
-47
|
407
|
DV18-135
|
6172129
|
467543
|
404
|
103
|
-66
|
257
|
DV18-139
|
6172670
|
467884
|
612
|
40
|
-67
|
238
|
DV18-147
|
6172528
|
468099
|
687
|
135
|
-47
|
359
|
DV18-148
|
6170869
|
467823
|
555
|
189
|
-49
|
265
|
DV18-149
|
6172528
|
468099
|
687
|
225
|
-52
|
238
|
DV18-150
|
6170860
|
467823
|
555
|
189
|
-64
|
276
|
DV18-154
|
6170860
|
467823
|
555
|
165
|
-48
|
265
|
DV18-155
|
6170844
|
467868
|
551
|
170
|
-49
|
218
|
DV18-158
|
6170844
|
467868
|
551
|
153
|
-47
|
161
|
|
|
|
|
Subtotal:
|
|
3,334 m
|
About Dolly Varden
Dolly Varden is a mineral exploration company focused on exploration in northwestern British
Columbia. Dolly Varden has two projects, the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold
property. Since December 2016, Dolly Varden has been under the direction of new management provided
by the experienced Belcarra Group Management Ltd. ("Belcarra Group"). The Belcarra Group is comprised of highly qualified
mining and financial professionals.
Dolly Varden is also a member of the British Columbia Regional Mining Alliance ("BCRMA"), a cooperative effort between First
Nations, Industry and the BC Provincial Government, to promote mining activities and investment in the northwestern region.
Additional information about the Company and its activities may be found on the Company's website www.dollyvardensilver.com and under the Company's profile at www.sedar.com.
FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be
materially different from any future results, performance, or achievements expressed or implied by the forward-looking
statements. Forward looking statements or information relates to, among other things, the results of previous field work and
programs, results of mineral resource estimate on the project, the potential to grow the project, the potential to expand the
mineralization, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our
belief about the unexplored portion of the property. These forward-looking statements are based on management's current
expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on
such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such
statements, events or developments except as required by law.
Note: Mineral resources are not mineral reserves, and thus have not demonstrated economic viability.
For additional information on risks and uncertainties, see the Company's most recently filed annual management discussion
& analysis ("MD&A"), which is available on SEDAR at www.sedar.com and on the Company's website at www.dollyvardensilver.com. The risk factors identified in the MD&A are not intended to represent a complete
list of factors that could affect the Company.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.
SOURCE Dolly Varden Silver Corp.
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