February 16, 2021
Vancouver, BC – February 16, 2021 – Dolly Varden Silver Corporation (“Dolly Varden” or the “Company”) (TSXV:DV) (OTC:DOLLF), is pleased to announce the results of the remaining assays from the 2020 drill program from it’s 100% owned Property located near tidewater in northwest British Columbia. The work completed during the 2020 Exploration Program included infill and step-out drilling at Torbrit Deposit as well as regional mapping, surface sampling and exploration drilling.
The high-grade silver deposit at Torbrit hosts the largest 43-101 Mineral Resource of the three silver deposits at the Dolly Varden Silver Project. Torbrit continues to show its potential as the most significant silver deposit on the Property and is considered among the most advanced pure silver assets in Canada, with further room for expansion at depth and along strike. The historic workings from the Torbrit mines past production support underground access to silver mineralization and surface infrastructure provides direct road access to deep tidewater docks at Alice Arm, BC. Highlights from the recent drilling program include:
- DV20-222: 310 g/t silver over 6.00 meters, including 1,083 g/t silver over 2.70 meters
- DV20-244: 304 g/t silver over 45.82 meters, including 642 g/t silver over 4.00 meters
- DV20-246: 306 g/t silver over 5.10 meters, including 1,290 g/t silver over 0.60 meter
The true width of intercepts is estimated to be 80-95% of the Core Length (m) reported using the current understanding of the three-dimensional nature of the mineralization and grade models at Torbrit. Interval lengths are constrained by grade values within the mineralization envelope. Recoveries on the individual metals have not been applied to composite calculations which are reported at 100%.
“We are seeing consistent intervals of high-grade silver mineralization at the Torbrit Silver deposit that has the potential to support economically attractive underground bulk-mining technics, while at the same time each successive drill programs continues to demonstrate that the deposit is open for expansion. As part of our 2021 work plan, we are considering further underground work at Torbrit to develop better access for test mining and bulk sampling, as well as resource expansion and exploration drilling at depth and along strike to the east of Torbrit. While silver exploration is our primary focus on the Property, we are highly encouraged with the geological and pathfinder element geochemical results for gold and copper mineralization from the four-kilometer long early-Jurassic volcanic and intrusive trend located northwest of our growing silver deposits. Therefore, we can not rule out a gold discovery consistent with the plus million-ounce resource at the adjacent Homestake property in addition to the potential for another Torbrit like silver discovery,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.