In a news release, Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCMKTS) announced that high-grade silver intercepts highlighted the final results of its 2020 drill program at the Torbrit deposit at its Dolly Varden project in British Columbia. Both infill and step-out drilling were conducted at the deposit.
The assays included 310 grams per ton (310 g/t) silver over 6 meters (6m), including 1,083 g/t silver over 2.7m in hole DV20-222. Hole DV20-244 showed 304 g/t silver over 45.82m, including 642 g/t silver over 4m. Hole DV20-246 returned 306 g/t silver over 5.1m, including 1,290 g/t silver over 0.6m.
"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 techniques while, at the same time, each successive drill program continues to demonstrate that the deposit is open for expansion," President and CEO Shawn Khunkhun said in the release.
The campaign comprised regional mapping, surface sampling and drilling 40 holes over 11,397 meters. Dolly Varden drilled 19 of the holes in Torbrit and 21 in multiple areas on the property, the latter for reconnaissance and exploration.
For this year, the company noted it is considering additional underground work at Torbrit to develop better access for test mining and bulk sampling. It also wants to conduct resource expansion and exploration drilling at depth and along strike to the east of Torbrit.
Khunkhun also noted, "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."
"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," the company stated.
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