The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Resource expansion drilling encounters 50m of 414 g/t silver North of 60 Mining News – August 12, 2022
Native silver in core from drilling at the Kitsol Vein on Dolly Varden's Kitsault Valley project in Northern British Columbia.
Dolly Varden Silver Corp. Aug. 10 announced that drilling has cut a wide section of high-grade silver mineralization outside the resource area of the Kitsol Vein near the historic Torbrit Mine on the company's Kitsault Valley project in British Columbia.
Located about 25 miles (40 kilometers) southeast of Stewart, BC, the 63-square-mile (163 square kilometers) Kitsault Valley project is an amalgamation of the Dolly Varden silver project and the adjacent Homestake Ridge gold-silver project the company acquired from Fury Gold Mines Ltd.
Four Dolly Varden deposits – Torbrit, Dolly Varden, Wolf, and North Star – host 3.42 million metric tons of indicated resource averaging 299.8 grams per metric ton (32.93 million oz) silver; plus 1.29 million metric tons of inferred resource averaging 277 g/t (11.48 million oz) silver.
About 3.5 miles (5.5 kilometers) northwest of the Dolly Varden deposits, three deposits at Homestake Ridge host 736,000 metric tons of indicated resource averaging 7.02 g/t (165,993 oz) gold and 74.8 g/t (1.8 million oz) silver; plus 5.55 million metric tons of inferred resource averaging 4.58 g/t (816,719 oz) gold and 100 g/t (17.8 million oz) silver.
The 2022 Kitsault Valley program started with resource upgrade and expansion drilling in and around Torbrit, the largest Dolly Varden deposit.
DV22-283, the first hole reported from the 2022 program, cut 50.18 meters (roughly 30 meters true-width) averaging 414 g/t silver at Kitsol, a vein-hosted, high-grade silver system located immediately west of the Torbrit resource. This intercept included three higher-grade subsections:
• 7.15 meters (4.29 meters true-width) averaging 646 g/t silver.
• 11.74 meters (7.04 meters true-width) averaging 658 g/t silver.
• 5.34 meters (3.2 meters true-width) averaging 801 g/t silver.
Dolly Varden says hole DV22-283, which is a 25-meter step-out along strike and down dip of a high-grade silver zone, suggests that thickness and grade of the Kitsol Vein is increasing at depth.
Within the mineralized intercept, which encountered native silver, three half-meter-thick samples assayed 2,910, 2,390, and 2,500 g/t silver, respectively.
"As one of the widest and highest-grade drill holes on the Dolly Varden Property, we will be prioritizing additional step out drilling at the Kitsol Vein area," said Dolly Varden Silver President and CEO Shawn Khunkhun. "We are targeting potentially underground bulk-mineable mineralization and this certainly meets our criteria."
Earlier this year, Dolly Varden announced plans to carry out 30,000 meters of resource expansion, upgrade, and exploration drilling across the wider Kitsault Valley project.
So far this year, the company has completed more than 18,000 meters of this drilling.
"In addition to the ongoing drilling at priority exploration targets including the Wolf Mine and at Homestake Ridge, we are thrilled with these results and look forward to receiving additional assays soon," said Khunkhun.
Geological and geophysical work along the Kitsault Valley trend between the Dolly Varden and Homestake Ridge deposits is ongoing to help refine targets for exploration drilling in the latter part of the summer.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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