The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - November 6, 2023
Click on image for larger Kitsault Valley Trend map.
Core from an intercept of the Moose Vein cut in hole DV23-371 with textures and mineralization very similar to those being drilled at Wolf Vein about 1,400 meters to the south.
Dolly Varden Silver Corp. Nov. 6 reported additional high-grade silver intercepts at Wolf, the northernmost of the deposits on the Dolly Varden end of its Kitsault Valley project, and similar silver mineralization in discovery drilling at Moose Vein, which lies about 1,500 meters further north.
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 project, and the adjacent Homestake Ridge gold-silver project the company acquired from Fury Gold Mines Ltd.
This year's expanded 51,454-meter drill program at Kitsault Valley began by testing resource expansion targets on the Dolly Varden end of the project.
Four deposits associated with past producing mines at Dolly Varden – 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 (11.45 million oz) silver.
The 2023 drilling began at Torbrit and Wolf. There is evidence these two northernmost Dolly Varden deposits may be linked, and drilling has been tracing this potential connection.
In August, Dolly Varden reported results from drilling at Torbrit and Kitsol Vein, a northwest extension of Torbrit, including:
• 18 meters averaging 342 g/t silver in hole DV23-336 (Kitsol).
• 9.6 meters averaging 496 g/t silver in hole DV23-337 (Kitsol).
• 3.5 meters averaging 334 g/t silver in hole DV23-348 (Torbrit).
Drilling also continued to cut high-grade silver at Wolf, which lies about 1,400 meters northwest of Torbrit.
In September, the company reported the first batch of assays from Wolf. Highlights include:
• 18.1 meters (12.3 meters true-width) averaging 246 g/t silver in hole DV23-352.
• 29.3 meters (22.6 meters estimated true-width) averaging 381 g/t silver in hole DV23-368.
DV23-368 represents a 75-meter step-out in the Southwest Extension area of Wolf Vein.
The latest batch of results includes two holes drilled in the Wolf Vein Southwest Extension. Highlights include:
• 27 meters averaging 296 g/t silver, 3.01% zinc, and 1.68% lead in hole DV23-375.
• 18.2 meters averaging 247 g/t silver, 0.73% zinc, and 0.4% lead in hole DV23-379.
"The results we are seeing from the Wolf Vein continue to demonstrate depth continuity of the high-grade silver mineralization as well as an increase in base metal content," said Dolly Varden Silver President and CO Shawn Khunkhun. "Drill hole DV23-375 has extended the plunge length to over 950 meters with increased thickness of the potentially underground bulk-mineable mineralization and it remains wide open for expansion."
The company also reported results from one hole drilled at Moose Vein, a previously undrilled target along the Kitsault Valley trend about 1,500 meters north of Wolf and about 3,900 meters south of the southernmost Homestake Ridge gold-silver deposit.
Hole DV23-371, drilled at Moose Vein, cut 7.6 meters averaging 269 g/t silver.
Dolly Varden's now complete 2023 program included 23,923 meters of drilling at the Dolly Varden end of the Kitsault Valley project and 27,923 in the Homestake Ridge project area.
"With over 70 drill holes remaining to be assayed and announced we eagerly await their results," said Khunkhun.
The three deposits at Homestake Ridge – Homestake Main, Homestake Silver, and South Reef – 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.
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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