The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
High-grade silver cut far beyond mineral resource boundary North of 60 Mining News – November 25, 2022
Dolly Varden Silver completed 37,061 meters of drilling during the 2022 program at its Kitsault Valley silver-gold project in BC.
Dolly Varden Silver Corp. Nov. 21 reported that drills have cut high-grade silver that significantly extends the mineralization at the Wolf Vein on the company's Kitsault Valley project in Northern 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 Dolly Varden's namesake 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 – contain a combined 3.42 million metric tons of indicated resource averaging 299.8 grams per metric ton (32.9 million oz) silver; plus 1.29 million metric tons of inferred resource averaging 277 g/t (11.5 million oz) silver.
Wolf, the second largest of the four deposits, hosts 402,000 metric tons of indicated resource averaging 3.83 million metric tons of indicated resource averaging 296.8 g/t (3.8 million oz) silver; plus 9,500 metric tons of inferred resource averaging 230.6 g/t (70,000 oz) silver.
This year's step-out drilling, however, has traced the high-grade silver mineralization well beyond the resource limits.
In September, Dolly Varden reported that hole DV22-300 cut 19.85 meters (13.9 meters true-width) averaging 584 g/t silver, 0.56% zinc, 0.92% lead, and 0.19 g/t gold down-dip from the Wolf resource. This intercept included a 1.6-meter (1.12 meters true width) bonanza-grade subsection averaging 4,326 g/t silver, 1.36% zinc, 4.21% lead, and 1 g/t gold.
The latest round of assays includes two holes that further extend the high-grade silver at Wolf.
Highlights from step-out drilling at Wolf include:
• 12.8 meters (5.4 meters true-width) averaging 412 g/t silver, including a 2.15-meter (0.9 meters true-width) subsection averaging 1,646 g/t silver, 3.1% zinc, 2.38% lead, and 0.1 g/t gold. In hole DV22-311.
• 9.8 meters (4.9 meters true-width) averaging 551 g/t silver, including a 3.6-meter (1.8 meters true-width) averaging 1,049 g/t silver, 0.29% zinc, and 1.19% lead in hole DV22-316.
The mineralization cut by hole DV22-316 is more than 200 meters down plunge from previously reported hole DV22-300, and the DV22-311 intercept is 400 meters down dip of mineralization in DV22-300.
Additional results from step-out holes testing for deeper, down-plunge mineralization from DV22-316 at the Wolf Vein are currently pending.
"Dolly Varden Silver's wide-spaced step-out drilling this season has more than doubled the strike length of the Wolf Deposit, as well as extending high-grade silver mineralization to over 750 meters in dip extent," said Dolly Varden Silver President and CEO Shawn Khunkhun. "The highest grades are within robust, vein-hosted mineralization that is potentially amenable to underground bulk mining methods. We eagerly anticipate additional drilling results from the 2022 season at Wolf, Homestake Main, Homestake Silver and Red Point."
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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