Mining News: Dolly Varden cuts new high-grade silver zone

Dolly Varden Silver Corp. Aug. 15 reported that drills have tapped a new zone with the potential to expand the Torbit deposit at the company’s namesake project in the Golden Triangle of northwestern British Columbia. Intersected in hole DV17-058, this new zone of silver mineralization has all the mineralogical signatures of the Dolly Varden-Torbrit Horizon but is located in host rocks of the footwall of the Moose-Lamb Fault, whereas the Torbrit deposit is hosted in the hanging wall. This Lower zone intercept in DV17-058 returned 16.1 meters (13.19 meters true thickness) averaging 269 grams per ton silver, with small amounts of zinc and lead. Additionally, 300 meters to the north, DV17-057 cut 22 meters (18.02 meters true width) of Torbit mineralization averaging 14.6 g/t silver. Dolly Varden said this new discovery may represent a deeper offset, or parallel deposit. “A new discovery in this historic mining camp is exactly what we have been hoping for and we are proud of our exploration team,” said Dolly Varden President and CEO Gary Cope. The company said the this year’s 5,000-meter drill program on the Dolly Varden property is ahead of schedule and on budget, and it is considering expanding the program to 12,000 meters.

–SHANE LASLEY