VANCOUVER, Sept. 27, 2017 /CNW/ - Dolly Varden
Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the
"Company" or "Dolly Varden") is pleased to announce
results from the sixth batch of drill holes from the 2017 program
on the Dolly Varden Silver Project in the Golden Triangle of
northwestern British Columbia.
Hole DV17-052, drilled in the Dolly Varden Deposit area, yielded
a core length of 5.75 metres (5.66 m true thickness) grading Ag
521.0 g/t, Pb 0.82 % and Zn 3.33 % for a silver-equivalent of 730.8
g/t. Within this interval is 1.00 metres (0.98 m true thickness)
grading Ag 1,190.0 g/t, Pb 0.78 % and Zn 3.07 % for a
silver-equivalent of 1,384.9 g/t.
Most holes in this sixth batch are reconnaissance exploratory
holes, including holes in the Western and Central Sectors.
Reconnaissance drilling in the Western Sector was performed to test
a different style of mineralization, along the gold belt extending
southward from the neighbouring gold discoveries of Homestake
Ridge, with geochemical soil and rock anomalies for gold and
copper. In holes DV17-053 to 056, long intervals of anomalous (50
to 100 ppb gold) are present. Intervals greater than 200 ppb gold
(0.2 g/t) are included in the table below. Further examination of
the Western Sector is warranted.
"Our understanding of the various styles of
mineralization continues to advance on the Dolly Varden property as
a high-grade, target rich environment" said Gary Cope, President and CEO of Dolly
Varden.
Dolly Varden
Project – 2017 Drilling Program – Release Six
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Dolly Varden
Deposit Area – Ag-Pb-Zn
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Hole
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Zone
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From
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To
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Core
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True
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Ag
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Pb
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Zn
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Ag-Eq1
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(m)
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(m)
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Length
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Width
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(g/t)
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(%)
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(%)
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(g/t)
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DV17-049
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Dolly
V
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91.00
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91.50
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0.50
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0.49
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125.0
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0.07
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0.11
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133.6
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Note: Hole DV17-049
reached mineralization then terminated in an old mine
working.
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DV17-050
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Dolly
V
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138.55
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145.20
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6.65
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6.03
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72.5
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0.13
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2.60
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214.9
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includes
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138.55
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140.50
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1.95
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1.77
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205.3
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0.09
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0.33
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226.4
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includes
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139.50
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140.50
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1.00
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0.91
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306.0
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0.10
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0.40
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331.4
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DV17-051
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Dolly
V
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195.22
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203.65
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8.43
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7.64
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10.3
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0.14
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2.97
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172.8
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includes
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195.22
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198.20
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2.98
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2.70
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26.4
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0.38
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7.75
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450.9
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includes
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197.20
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198.20
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1.00
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0.91
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49.6
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1.08
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9.28
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584.4
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DV17-052
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Dolly
V
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81.75
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87.50
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5.75
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5.66
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521.0
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0.82
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3.33
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730.8
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includes
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82.75
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86.75
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4.00
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3.94
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631.3
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1.06
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4.21
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898.3
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includes
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84.75
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85.75
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1.00
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0.98
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1,190.0
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0.78
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3.07
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1,384.9
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Central Sector
Drilling Area – Ag-Pb-Zn
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Hole
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Zone
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From
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To
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Core
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True
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Ag
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Pb
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Zn
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Ag-Eq1
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(m)
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(m)
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Length
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Width
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(g/t)
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(%)
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(%)
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(g/t)
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DV17-058
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Unnamed
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71.90
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73.00
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1.10
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0.90
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30.6
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0.04
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0.09
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36.9
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Unnamed
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88.00
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93.30
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5.30
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4.34
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87.2
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0.03
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0.14
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96.1
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includes
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92.30
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93.30
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1.00
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0.82
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231.0
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0.07
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0.05
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236.5
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Unnamed
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224.10
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224.85
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0.75
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0.61
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98.4
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0.08
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0.03
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103.4
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Note: The high-grade,
deeper portion of hole DV17-058 was reported on 14 August
2017
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DV17-059
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Unnamed
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58.00
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66.75
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8.75
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6.56
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14.6
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0.11
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0.45
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43.0
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includes
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66.05
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66.75
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0.70
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0.53
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75.4
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0.10
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1.23
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144.5
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Unnamed
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85.90
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88.00
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2.10
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1.58
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152.0
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0.07
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0.09
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159.5
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includes
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86.75
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88.00
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1.25
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0.94
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156.0
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0.04
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0.01
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162.7
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Unnamed
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221.50
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222.50
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1.00
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0.75
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55.2
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0.10
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0.12
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65.8
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DV17-060
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Unnamed
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67.00
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69.00
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2.00
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1.50
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148.0
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0.11
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0.13
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159.7
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Unnamed
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74.00
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74.80
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0.80
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0.60
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134.0
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0.05
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0.10
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141.4
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Unnamed
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160.25
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163.75
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3.50
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2.63
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117.1
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0.04
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0.03
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120.1
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includes
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161.25
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162.25
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1.00
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0.75
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161.0
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0.04
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0.03
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164.0
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DV17-061
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No significant
intercepts.
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Western Sector
Drilling Area – Au-Cu-Ag
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Hole
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Zone
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From
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To
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Core
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True
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Ag
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Au
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Cu
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Au-Eq2
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(m)
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(m)
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Length
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Width
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(g/t)
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(g/t)
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(%)
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(g/t)
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DV17-054
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Int-I
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212.00
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213.00
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1.00
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0.75
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2.5
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0.220
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0.03
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0.304
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Int-II
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331.40
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332.85
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1.45
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1.09
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3.6
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0.401
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0.03
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0.487
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Int-III
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353.00
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354.10
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1.10
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0.83
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0.6
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0.572
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0.01
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0.591
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DV17-055
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Int-I
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78.00
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82.50
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4.50
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3.38
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2.5
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0.219
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0.01
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0.266
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includes
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78.00
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79.50
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1.50
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1.13
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4.0
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0.350
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0.02
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0.427
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DV17-056
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Int-I
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13.35
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15.53
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2.18
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1.64
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4.4
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0.230
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0.01
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0.244
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includes
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14.40
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15.53
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1.13
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0.85
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6.5
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0.316
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0.01
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0.338
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Int-II
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45.40
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51.10
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5.70
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4.28
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5.6
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0.286
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0.03
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0.344
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includes
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45.40
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48.30
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2.90
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2.18
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8.4
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0.436
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0.06
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0.535
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includes
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46.90
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48.30
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1.40
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1.05
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12.2
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0.589
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0.11
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0.760
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Int-III
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152.00
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153.48
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1.48
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1.11
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2.3
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0.256
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0.02
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0.288
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Int-IV
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241.90
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242.25
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0.35
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0.26
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2.7
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3.060
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1.80
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5.909
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Int-V
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266.08
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268.25
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2.17
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1.63
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0.8
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0.409
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0.43
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1.097
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includes
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267.18
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268.25
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1.07
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0.80
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1.3
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0.675
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0.72
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1.815
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Note 1:
Silver-Equivalent Ag-Eq = Ag + (Pb%*22.046*Pb price*31.103/Ag
price) + (Zn%*22.046*Zn price*31.103/Ag price). Metal prices used
for this formula: Ag = $US 16.25/oz, Pb = $US 1.00/lb, Zn = $US
1.25/lb.
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Note 2: For the
Western Sector gold-copper zones, Gold-Equivalent Au-Eq = Au +
(Cu%*22.046*Cu price*31.103/Au price) + (Ag*Ag price/Au price).
Metal prices used for this formula: Au = $US 1,300/oz, Cu = $US
3.00/lb, Ag = $US 16.25/oz.
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Note 3: No provisions
have been made for relative metal recovery, thus 100% recovery is
used for the silver-equivalent values.
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A drill hole location map of the Western, Mine, and Central
Sectors area is posted on the Dolly Varden Silver Corporation
website at www.dollyvardensilver.com
About Dolly Varden
Dolly Varden Silver Corporation 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. The Dolly Varden property is
considered to be highly prospective for hosting high-grade precious
metal deposits, since it comprises the same structural and
stratigraphic setting that host numerous other, on-trend,
high-grade deposits (Eskay Creek,
Brucejack). The Big Bulk property is prospective for porphyry and
skarn style copper and gold mineralization similar to other such
deposits in the region (Red Mountain, KSM, Red Chris).
The current mineral resource estimate at Dolly Varden, effective
date August 27, 2015, consists of
four deposits with an Indicated Resource of 3.07 million tonnes
grading 321.6 g/t Ag, for 31.8 million ounces of silver, plus an
Inferred Resource of 0.9 million tonnes grading 373.3 g/t Ag, for
10.8 million ounces of silver. These resources were estimated at a
cut-off grade of 150 g/t Ag. For more details, please refer to a NI
43-101 compliant Technical Report filed on www.sedar.com and on the
Company's website.
Ben Whiting, P.Geo., Vice
President of Exploration and Robert van
Egmond, P.Geo., Chief Geologist for Dolly Varden, serve as
'Qualified Persons' under National Instrument 43-101, and have
approved the scientific and technical information contained in this
news release.
The Company's Common Shares are listed and traded on the TSX.V
under the symbol "DV" and on the OTCBB system under the symbol
"DOLLF".
FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual
results, performance, or achievements of Dolly Varden to be
materially different from any future results, performance, or
achievements expressed or implied by the forward-looking
statements. Forward looking statements or information relates to,
among other things, the results of previous field work and programs
and the continued operations of the 2017 program, interpretation of
the nature of the mineralization at the project and that that the
mineralization on the project is similar to Eskay and Brucejack,
results of mineral resource estimate on the project, the potential
to grow the project, the potential to expand the mineralization,
the planning for further exploration work, the ability to de-risk
the potential exploration targets, and our belief about the
unexplored portion of the property. These forward-looking
statements are based on management's current expectations and
beliefs but given the uncertainties, assumptions and risks, readers
are cautioned not to place undue reliance on such forward-looking
statements or information. The Company disclaims any obligation to
update, or to publicly announce, any such statements, events or
developments except as required by law.
Note: Mineral resources are not mineral reserves, thus have not
demonstrated economic viability.
For additional information on risks and uncertainties, see the
Company's most recently filed annual management discussion &
analysis ("MD&A"), which is available on SEDAR at www.sedar.com
and on the Company's website at www.dollyvardensilver.com. The risk
factors identified in the MD&A are not intended to represent a
complete list of factors that could affect the Company.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
SOURCE Dolly Varden Silver Corp.