(Nov. 8, 2013) - Dolly Varden Silver Corporation (TSX VENTURE: DV) (OTCBB: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce the assay results of the last 10 holes in the Company's 2013 exploration program on 8.800 hectares the large Dolly Varden property in northwest BC, which comprised 14 holes totaling 3.063 meters. The property is located approximately 30 kilometers from the tidal area near Kitsault, BC.
Ron F. Nichols (P.Geo.), CEO and President, stated, "We are extremely pleased with the exploration program this summer and the initial interpretation of the data. As part of the company's 2013 exploration program, other high-grade silver mineralization has been discovered on mighty sections. The diamond drilling program successfully tested the extensions to the historic high-grade Torbrit silver mine, as all holes intersected the exhalite horizon of the DVT at average true widths of approximately 40 meters. The mineralization continues to be open to the northwest and along incidence with 40 ° of the limiting structure Torbrit. Torbrit's structural environment and alteration geochemistry will be invaluable in delineating targets for silver and gold-silver rich VMS deposits across the property. This work further confirms that Torbrit and other properties on the property have many features in common, including the mineralization type and geological environments, with the exceptionally gold-silver rich VKV deposit Eskay Creek 120 kilometers further to the northwest. "
The company's 2013 diamond drill holes were arranged in 4 "compartments", each of which drilled "compartments" from another drill plate. The drilling extended to a strike length of 400 meters, a depth of 200 meters and a width of 200 meters, intersected the mines at the Torbrit Mine and extended beyond the eastern and northwestern boundaries of the deposit. The drill intersections are located at a distance of approximately 50 to 100 meters to each other in the targeted horizon. 5 14 drilling intersected the mineralized blocks of the historic mineral resource, while the remaining 9 was step-out drilling that successfully investigated the northwest and southeast extension of mineralization. Results from the 2013 drill program, including the five holes within the historical resource blocks and the nine holes drilled in the northwest and southeast historical resource blocks, could help lay the foundation for a mineral resource spanning a larger area than the historical resource estimate lay.
The first four holes drilled from Drill Plate D were reported in the 11 press release. September 2013 reported. The major sections in the last ten diamond drill holes are summarized in the following table and are shown in the illustrations below.
MINE TORBRIT: Summary of diamond drilling results
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/DollyVarden_111113_Deutsch.pdf
* Core section: The true power was not determined.
** Levels per ounce per tonne were calculated based on laboratory reported grades in grams per metric ton.
Meeting and interpretation
The purpose of 2013 drilling, field surveys and sampling was 1) to carefully investigate and simultaneously extend the mineralization at Torbrit and 2 to capture and measure variability in litho-geochemistry (alteration) at the Red Point, Goldbelt and beyond targets , The understanding of the geological boundaries, the nature of the mineralized units, the geometry and structural framework, the extensive litho-geochemistry, and alteration signature of the area hosting the Torbrit silver base metal mineralization are critical to the Torbrit and Tor Resource expansion the targeted discovery of new silver rich deposits in the vicinity as well as other VMS-associated exhalative and epithermal mineralization on the large Dolly Varden property. The consideration of these findings will further support the refinement of the model for geophysical evaluation and demarcation of objectives.
All drilling completed under the 2013 program intersected the targeted CBC horizon at an average thickness of 40 meters. Torbrit drilling indicated that the ore-containing CBC horizon is composed of two or more stratigraphic units of rising, hot, mineral-rich volcanic fluids, which in turn came from a sea bottom vent in a shallow marine environment near a fault zone , were deposited. The fault zone, which served as the conduit for fluid flow, was active over a longer deposition period at Torbrit. Surveys of the units that make up the CBC horizon suggest a deposition sequence of multiple phases of intercalated volcanic and exhaled minerals (quartz, carbonate, barite), some of which contain significant silver sulfides, sulfo salts, and base metal sulfides. These have deposited in layers that leak from the source, the fault, to the east. Displacements along the fault zone caused the units to slip and disrupt, and pulsatile outflows of liquid led to breccia formation in the resulting strata. This sequence is covered by fine sterling silver veins, which run perpendicular to all geological strata and lead to very high silver contents. This deposition sequence follows the same process as that responsible for the formation of the Eskay Creek deposit.
From the initial and preliminary data integration and interpretation of this year's program, it is clear that much of the Torbrit deposit is indeed exhalative, long-lived, and has a separate phase of super-silver hydrothermal veining. It is likely that this environment has led to the creation of similar deposits in other locations with similar sedimentation (both adjacent and other strata). Tracking the trend in Torbrit's demarcated structures along with the results of geophysical modeling based on VTEM and ZTEM flight surveys could lead to the discovery of other comparable silver deposits along Torgest's pronounced structural trend.
Compared to regional and international examples of similar volcanic-exhalative deposits, the exhaled horizon of DVT has an extraordinary thickness and widespread distribution, possibly indicating a very large hydrothermal system complete with a comparably large hydrothermal seafloor silting system.
Quality Assurance / Quality Control Measures and Qualified Person according to the Canadian National Instrument 43-101
Diamond core drilling in the 2013 program has almost always been at 100% in the mineralized sections. The quality control measures included the addition of blank, double and standard samples. All analysis results reported herein have persisted with the company's ongoing review for quality control purposes. All samples that yielded 50 ppm silver were resubmitted and subjected to the metallic screening process. Due to the frequent collection of coarse-grained, solid silver, all future samples will be analyzed by the metallic screening method using large one-kilogram powdered subsamples for each section.
Paul McGuigan (P. Geo.), Vice President - Exploration, Dolly Varden Silver Corp. In his capacity as a qualified person under National Instrument 43-101, has overseen the preparation of the scientific and technical information pertaining to this news release. Information on the data review, survey and investigation procedures, the quality assurance program and quality control measures, and a summary of the analytical or testing procedures are available on the Company's website.
Forward-looking statements:
Certain statements and information in this press release represent "forward-looking statements" or "forward-looking information." Any statement or information that explicitly or implicitly relates to forecasts, expectations, assumptions, plans, goals, assumptions or future events or performance (which is often but not always, using terms or phrases such as "expects," "assumes," "believes," "plans," "estimates," "intends," "targets," "forecasts," " Objectives "," potential "or variations thereof, or expressed through statements that" could, "or" become, "or" deny "these terms and results, are not historical Facts and could be forward-looking statements or information. Forward-looking statements or information include, but are not limited to, the Company's exploration plans for the Dolly Varden Silver Property and the Company's expectations regarding the geological characteristics of the mineralization of its properties.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties, and other factors that could cause actual events or results to differ materially from those set forth in the forward-looking statements or information. These include, but are not limited to: the speculative nature of the exploration and development stages of the Company's properties; and the possibility that the geological, mineral or metallurgical expectations or models may turn out to be untrue. This list does not list all factors that could affect the Company's forward-looking statements or information. The Company has endeavored to identify important factors that could cause actual results to differ materially. However, other factors may cause results not to be as expected, estimated, described or intended. Readers are advised not to rely unreservedly on forward-looking statements and information.
The Company's forward-looking statements and information are based on management's assumptions, expectations and opinions at the time of this press release. Unless required by law, the Company has no obligation to update these forward-looking statements or information as management's circumstances or beliefs, expectations and opinions change or other events that affect those statements or information change. For the reasons mentioned above, investors should not rely on forward-looking statements and information.
The TSX Venture Exchange and its regulators (referred to in the Articles of Incorporation of TSX Venture Exchange as Regulation Services Providers) accept no responsibility for the adequacy or accuracy of this release.
Contact:
Vanguard Shareholder Solutions
Martin Gagel, MBA, CFA
Vice President
+1-604-608-0824 oder 877-608-0829
Dolly Varden Silver Corporation
Ron Nichols, P. Eng.
CEO and President
+ 1-778-383-3083 or toll-free in North America: 1-855-381-3530
www.dollyvardensilver.com
No liability is assumed for the accuracy of the translation! Please note english original message!
(Source: IRW-Press.com.)
