The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Hits strong mineralization on both ends of largest DV deposit North of 60 Mining News – November 11, 2022
Logging core from the 2022 drilling at Dolly Varden's Kitsault Valley silver-gold project in Northern British Columbia.
Dolly Varden Silver Corp. Nov. 7 reported that its 2022 drilling cut strong silver mineralization at Torbrit, the largest of three deposits that host the high-grade resource at the Dolly Varden at the end of the company's Kitsault Valley silver-gold project in Northern British Columbia.
Located about 40 kilometers (25 miles) southeast of Stewart, BC, the 63-square-mile (163 square kilometers) Kitsault Valley project is an amalgamation of Dolly Varden's namesake silver project and the adjacent Homestake Ridge gold-silver project the company acquired from Fury Gold Mines Ltd.
Four deposits on the Dolly Varden end of the property – 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 ounces) silver; plus 1.29 million metric tons of inferred resource averaging 277 g/t (11.45 million oz) silver.
Homestake Ridge, which lies about 5.4 kilometers (3.4 miles) northwest of Wolf, the northernmost of the Dolly Varden deposits, hosts 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.
Much of Dolly Varden's 2022 program targeted Torbrit, the largest of the Dolly Varden deposits; Wolf, the second largest; a 1,400-meter gap between these deposits; resource drilling at Homestake Ridge; and exploration of a prospective mineralized corridor between Wolf and Homestake.
"In addition to discovery-focused exploration drilling, Dolly Varden Silver has been prioritizing resource expansion and upgrading at the Torbrit/Kitsol, Wolf, Homestake Main and Homestake Silver deposits," said Dolly Varden Silver President and CEO Shawn Khunkhun.
Highlights from the latest batch of results from drilling at Torbrit and the Kitsol Vein zone on the northwest end of the deposit include:
• 12.51 meters (8.8 meters true-width) averaging 442 g/t silver in hole DV22-291 at Kitsol.
• 21.55 meters (10.8 meters true-width) averaging 372 g/t silver in hole DV22-298 at Kitsol.
• 8.34 meters (6.6 meters true-width) averaging 297 g/t silver in hole DV22-308 at Torbrit.
• 3.3 meters (3.3 meters true-width) averaging 585 g/t silver in hole DV22-312 at Torbrit.
Dolly Varden is particularly interested in Kitsol Vein, as it appears the high-grade silver being drilled there is getting thicker as it trends north toward the Wolf 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.
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 the thickness and grade of the Kitsol Vein is increasing at depth.
Additional results from step-out drill holes testing deeper, down-plunge mineralization from DV22-283 at the Kitsol Vein are pending.
"We continue to encounter wide, potentially bulk-mineable vein-hosted silver mineralization at Kitsol, and expect to announce significant drill results from the other resource areas in the next few weeks," said Khunkhun.
The 2022 resource expansion and exploration drill program along the Kitsault Valley trend, which wrapped up in mid-October, included 37,061 meters of drilling in 108 holes. Assays are pending for most of the holes drilled this year.
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.
Reader Comments(0)