Vancouver, BC – August 4, 2020 – Dolly Varden Silver Corporation (“Dolly Varden” or the “Company”) (TSXV: DV) (OTC:DOLLF), is pleased to announce that its 10,000 meter discovery-focused and resource expansion drilling program is underway at its flagship Dolly Varden Property, located in northwestern, BC.
As the Company’s new technical team finalizes regional exploration targets on the Property, initial drilling is focused on step-out drilling from current resources at the past-producing Torbrit Mine. Company Records of historic mining operations at the Torbrit and Dolly Varden Mines produced average grades of 500 at Torbrit and 1,100 g/t silver at Dolly Varden. Silver mineralization came from Native Silver, Argentiferous Galena and Ruby Silver (pyrargyrite).
“Multiple silver-rich mineralizing systems, deposits and past-producing mines present many target options for exploration at Dolly Varden,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver. “We are ramping-up our exploration for the 2020 field season and will keep our shareholders updated regularly on results. Our priority is the discovery of more high-grade silver mineralization, which we expect to accomplish with 80% of drilling at new targets and 20% in high-priority resource expansion areas. It is exciting to have a geological team with so much experience and historic success in this region,” added Shawn.
Torbrit Deposit
The main Torbrit deposit hosts strataform exhalative-style silver mineralization and overprinted by epithermal vein mineralization, with associated lead and zinc. The Company’s geological team has been on site for several weeks now working on detailed structural mapping and re-interpretations to guide the drill targeting within the +4,500 meters long silver-bearing alteration belt, extending north from the Current Mineral Resource Estimate area. Additional soil sampling on the western portion of the property is ongoing to help define new gold targets for late summer drill testing. Additional technical information on Torbrit can be found at https://www.dollyvardensilver.com/
“Exploration work is progressing as planned while keeping workers safe and healthy as our top priority. We are currently testing for extensions to the mineral resource which has been untouched by historic mining and then will be concentrating on further defining higher grade pockets of silver mineralization,” explains Rob van Egmond, Chief Geologist currently on site.
About Dolly Varden Silver Corporation
Dolly Varden Silver Corporation 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. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other high-grade deposits (Eskay Creek, Brucejack). The Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris).
Technical Information and Qualified Person
Robert van Egmond, PGeo, Chief Geologist for Dolly Varden Silver Corp., serves as ‘Qualified Person’ as defined in NI 43-101, and have approved the scientific and technical information contained in this news release.
Contact Information
Shawn Khunkhun
CEO & Director
1-604-602-1440
www.dollyvardensilver.com
