Dolly Varden (DV.V) continues to release positive exploration results as the company has now reported on 59 of the 80 drilled holes on the Dolly Varden silver property in British Columbia’s Golden Triangle.
Hole 109, which was drilled in the Moose-Lamb zone intersected 29.15 meters containing 226 g/t silver (with traces of lead and zinc), including a higher grade interval of 9.2 meters of 566 g/t silver. The true width of the hole is estimated to be approximately 77% of the reported width, making this hole a very exciting development as both the grade and width are good enough to be included in a potential mine plan.
Other holes also encountered high-grade silver with for instance 12.5 meters of 132.5 g/t silver including 4.85 meters of 224 g/t silver, but there were also some disappointing results with holes that were duds or only contained narrow and/or low-grade intervals. In a more recent update earlier this week, Dolly Varden’s results on the Kitsol zone (which wasn’t part of the 2015 resource estimate) seem to be very promising with a true width of just over 30 meters at an average grade of in excess of 300 g/t silver as well as some lead and zinc.
Dolly Varden is scheduled to report on the assay results of an additional 25 holes, and it will be interesting to see how the company ties it all together in an updated resource estimate.
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The author has a long position in Dolly Varden. Please read the disclaimer
