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Providing coverage of Alaska and Northwest Canada's mineral industry
December 2017

Vol. 22, No. 50 Week of December 10, 2017

Mining News: Beginners Luck adds to Dolly Varden potential

Dolly Varden Silver Corp. continues to discover new areas of high-grade silver mineralization at its Dolly Varden project in the Golden Triangle of northwestern British Columbia. This includes confirmation of the recent discovery at Torbit East, an eastern fault-offset continuation of the Torbrit deposit, and the discovery of Beginners Luck, a new target north of Torbit. Hole DV17-078 cut two mineralized zones, Upper and Lower, in the Torbrit East area. This hole cut 13 meters (9.96 meters true thickness) averaging 244.8 grams per metric ton silver, 0.14 percent lead and 0.09 percent zinc, or 255.7 g/t silver-equivalent. The more base metals enriched Lower zone of hole 78 returned 21.95 meters (16.81 meters true thickness) averaging 87.5 g/t silver, 0.85 percent lead and 1.01 percent zinc, or 176.3 g/t silver-equivalent. Torbit East marks the fourth silver-rich area discovered this year. Torbit North, Torbit East and Moose Lamb are other areas where drills have tapped high-grade silver outside of the resource areas at Dolly Varden. "Hole DV17-078 confirms the high-grade silver discovery in Torbrit East zone. The new discoveries in Torbrit North, Torbrit East and Moose Lamb have great potential for expansion of the existing resources in this historic mining district," said Dolly Varden President and CEO Gary Cope. Dolly Varden also reported results from the discovery hole at Beginners Luck, a new exploration target roughly 1,500 meters north and 400 meters higher than the Torbrit Deposit. A single hole drilled at Beginners Luck, DV17-080 cut 3.39 meters (2.94 meters true thickness) averaging 110.4 g/t silver, 0.04 percent lead and 0.06 percent zinc, or 115.6 g/t silver-equivalent. Dolly Varden said the Beginners Luck discovery opens a new area of the eastern side of the Kitsault Valley for exploration.

–SHANE LASLEY






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