Dolly Var­den drills 22 m of 333 g/t Ag at Dolly

Stockwatch Daily - - MINES & METALS - Mr. Gary Cope re­ports

DOLLY VAR­DEN Sil­ver Corp. has re­leased the re­sults of the fifth batch of 12 drill holes from the 2018 di­a­mond drilling pro­gram. In to­tal, this year’s pro­gram con­sisted of 29,108 me­tres in 84 drill holes. There are still 13 drill holes to be an­nounced pend­ing re­ceipt of as­says. The Dolly Var­den sil­ver prop­erty is in the Golden Tri­an­gle of north­west­ern Bri­tish Columbia, Canada.

In the Kit­sol zone, lo­cated 1.5 kilo­me­tres north­west of the Torbrit mine, hole DV18-135 yielded 22.15 me­tres (21.81 m es­ti­mated true thick­ness) grad­ing 332.8 grams per tonne sil­ver, 0.45 per cent lead and 0.22 per cent zinc for a sil­ver equiv­a­lent of 365.3 g/t. Within this in­ter­cept are 4.05 me­tres (3.99 m es­ti­mated true thick­ness) grad­ing 1,112.7 g/t sil­ver, 0.32 per cent lead and 0.35 per cent zinc for a sil­ver equiv­a­lent of 1,146.5 g/t. In the Dolly Var­den mine area, be­low the his­toric mine work­ings, hole DV18-154 yielded 12.32 me­tres (12.13 m es­ti­mated true thick­ness) grad­ing 189.7 g/t Ag, 0.13 per cent Pb and 0.74 per cent Zn for a sil­ver equiv­a­lent of 235.7 g/t. Within this in­ter­cept are 1.47 me­tres (1.45 m es­ti­mated true thick­ness) grad­ing Ag 1,389.5 g/t, 0.52 per cent Pb and 0.69 per cent Zn for a sil­ver equiv­a­lent of 1,450.3 g/t. Gary Cope, pres­i­dent and chief ex­ec­u­tive of­fi­cer, says: “The Kit­sol zone hit is 50 me­tres away from the high-grade sil­ver in­ter­cept an­nounced on Nov. 19 and rep­re­sents a promis­ing sil­ver tar­get on the prop­erty. It is out­side of the 2015 re­source es­ti­mate block model. In view­ing the Dolly Var­den prop­erty as a whole, it should be noted that there are mul­ti­ple sil­ver de­posits and high-grade sil­ver tar­gets within a five-kilo­me­tre ra­dius.”

The Mus­ke­teer ex­plo­ration holes have been recorded in a sep­a­rate ta­ble from the Torbrit and Dolly Var­den mines area. The Mus­ke­teer area is lo­cated ap­prox­i­mately 2.5 km north of the Torbrit mine in the same struc­tural and al­ter­ation trend.

(See DV Ta­ble 1 on page 9)

(See DV Ta­ble 2 on page 10)

A min­er­al­ized zone does not nor­mally re­ceive a name des­ig­na­tion un­til sev­eral in­ter­cepts have pierced the same struc­ture. The term un­named is used for in­ter­cepts of in­ter­est, but which have not yet been linked from hole to hole.

The 2018 drilling pro­gram is de­signed to fo­cus on re­source de­lin­eation and ver­i­fi­ca­tion, par­tic­u­larly in the ar­eas of the new dis­cov­er­ies from the 2017 ex­plo­ration sea­son (see news re­leases of Aug. 29, 2017, Nov. 27, 2017, and Dec. 4, 2017). These in­clude Torbrit North, Torbrit East and Moose-Lamb tar­gets, as well as ar­eas around the Torbrit and the Dolly Var­den de­posits. Drilling re­sults from the 2018 pro­gram also were re­leased in four ear­lier batches (see news re­leases of Aug. 12, 2018, Sept. 6, 2018, Oct. 11, 2018, and Nov. 19, 2018).

The Torbrit North and Torbrit East dis­cov­er­ies are of the ex­hala­tive style of sil­ver and base me­tal min­er­al­iza­tion along the Dolly Var­den-Torbrit hori­zon, sim­i­lar to the his­toric Torbrit mine, but lo­cated in par­al­lel and/or fault off­set basins. The Torbrit North tar­get is lo­cated 200 me­tres north and 220 me­tres deeper than the his­toric Torbrit mine in the foot­wall block north­east of the Moose-Lamb fault. The Torbrit East tar­get is lo­cated 70 me­tres east and 60 me­tres higher than t he his­toric Torbrit mine in the hang­ing­wall block south­west of the Moose-Lamb fault.

The Moose Lamb tar­get dis---

cov­ery is an ep­ither­mal vein style of min­er­al­iza­tion and is sim­i­lar to min­er­al­iza­tion at the his­toric Dolly Var­den mine. It is ad­ja­cent to a ma­jor syn-basi­nal fault by the same name. The Kit­sol zone also shows sim­i­lar­i­ties to the ep­ither­mal vein-style min­er­al­iza­tion.

Ex­plo­ration drilling was un­der­taken in the Po­tas­sic al­ter­ation belt-Mus­ke­teer sec­tor and in the pyrite-sericite al­ter­ation Gold­belt sec­tor on the western side of the val­ley.

An­a­lyt­i­cal test­ing was per­formed by ALS Canada Ltd. in

Van­cou­ver, B.C. Mul­ti­ele­ment anal­y­sis was de­ter­mined by in­duc­tively cou­pled plasma mass spec­trom­e­try (ICP-MS) for 48 el­e­ments fol­low­ing a four-acid di­ges­tion process. High-grade sil­ver test­ing was de­ter­mined by fire as­say with ei­ther an atomic ab­sorp­tion, or a gravi­met­ric fin­ish, de­pend­ing on grade range. A qual­ity as­sur­ance/ qual­ity con­trol pro­ce­dure is main­tained through the in­ser­tion of cer­ti­fied ref­er­ence ma­te­rial geo­stan­dards pro­vided by CDN Re­source Lab­o­ra­to­ries Ltd., as well as the in­ser­tion of blanks in the sam­ple stream.

Tech­ni­cal in­for­ma­tion and qual­i­fied per­sons

Ben Whit­ing, PGeo, vice-pres­i­dent of ex­plo­ration, and Robert van Eg­mond, PGeo, chief ge­ol­o­gist for Dolly Var­den, serve as qual­i­fied per­sons as de­fined in Na­tional In­stru­ment 43-101, and have ap­proved the sci­en­tific and tech­ni­cal in­for­ma­tion con­tained in this news re­lease. To ver­ify the tech­ni­cal in­for­ma­tion, both qual­i­fied per­sons have vis­ited the project site on numer­ous oc­ca­sions dur­ing the 2018 field sea­son, with the lat­est site visit in Oc­to­ber, 2018. About Dolly Var­den Sil­ver Corp.

Dolly Var­den is a min­eral ex­plo­ration com­pany fo­cused on ex­plo­ration in north­west­ern Bri­tish Columbia. Dolly Var­den has two pro­jects, the name­sake Dolly Var­den sil­ver prop­erty and the nearby Big Bulk cop­per-gold prop­erty. Since De­cem­ber, 2016, Dolly Var­den has been un­der the di­rec­tion of new man­age­ment pro­vided by the ex­pe­ri­enced Bel­carra Group Man­age­ment Ltd. The Bel­carra Group com­prises highly qual­i­fied min­ing and fi­nan­cial pro­fes­sion­als.

We seek Safe Har­bor.

Don­ald J Bi­rak, Gary Gor­don Cope, An­nette Cusworth, Dar­ren P Devine, Ros­alie C Moore, James A Sa­bala, Thomas E Jr Whar­ton

(DV) Shares: 55,171,404

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