Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCMKTS) announced in a news release the results from stepout and infill drilling at its Torbrit silver property in British Columbia.
"We are pleased to see stepout drill intercepts with consistent, strong silver mineralization, significant thickness and areas of very high-grade silver," President and CEO Shawn Khunkhun said in the release. "These results should support continued resource expansion and the growing potential for bulk underground mining around the past-producing Torbrit silver mine."
Dolly Varden conducted stepout drill holes that extended 20–50 meters (20–50m) out from previous drill intercepts. Hole DV20-217, drilled in the Torbrit horizon, for instance, intersected 75m of 419 g/t silver, including 16m of 1,240 g/t silver. "This new intercept suggests that a higher-grade zone may be much larger than currently modeled within the current 43-101 mineral resource estimate," the release noted.
Another stepout hole, DV20-211, drilled at the edge of Torbrit East, demonstrated 12.75m of 351 g/t silver, including 3.35m of 951 g/t silver and 2.7m of 1,083 g/t silver.
The Vancouver-based silver explorer also carried out infill drilling to delineate high-grade zones and better understand the areas of silver mineralization encompassed by the existing mineral resource. Highlight infill hole DV20-217 returned 31.95m of 302 g/t silver, including 4m of 642 g/t silver.
The property-wide 2020 drill program, which is focusing on high-priority targets, remains in progress. Because the company has expanded it beyond the originally planned 10,000 meters, work will continue into the fall, the company stated. Assays from already-drilled holes at Torbrit are pending.
Read what other experts are saying about:
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Dolly Varden Silver. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
