Overview

Dolly Varden Silver’s 100% held, 163 sq. km. Kitsault Valley project is located in the southern tip of the Golden Triangle of British Columbia, just south of the high-grade Brucejack and Eskay Creek gold mines.

The project hosts a high-grade mineral resource of silver and gold and is considered prospective for hosting further precious metal deposits.

163km²

Project Area

100% held

Dolly Varden Silver owns 100% of the Kitsault valley project

Golden Triangle

Located in the soutern tip of the golden triangle

50/50

50/50 silver and gold resources

The project was formed on February 25, 2022 as a result of Dolly Varden Silver Corp.’s acquisition of the adjacent Homestake Ridge project from Fury Gold Mines Ltd. (News Release). The combined project consolidates the highly mineralized Kitsault Valley Trend along with seven precious metal deposits thereby transitioning the Company’s 100% silver project to a project with 50/50 silver and gold resources measured by value.

The project is rare having significant resources of silver in a safe jurisdiction.

Benefits to shareholders of the acquisition include:

  • A larger project increases its economic viability
  • Economies of scale – savings on exploration, studies, permitting, development and operation
  • Consolidates 15 kms of strike for exploration including 5.4kms of underexplored ground between the Wolf and South Reef deposits.

 

Surface geochemistry of gold and silver on the Kitsault Valley along with geophysics and geological modelling suggest discovery potential of additional mineral deposits between South Reef and Wolf deposits.

The Company presently has two technical reports for the Kitsault Valley project, one for the Dolly Varden silver resource and one for the Homestake Ridge gold and silver resource.

Combined silver and gold resources of the Kitsault Valley project include:

Category Property Cut-Off Tonnes Ag (g/t) Ag (oz) Au (g/t) Au (oz)
Indicated Dolly Varden 150 g/t Ag 3,417,000 299.8 32,931,000
Homestake Ridge 2.0 g/t AuEq 736,000 74.8 1,800,000 1.02 165,993
Total 34,731,000 165,993
Inferred Dolly Varden 150 g/t Ag 1,285,300 277.0 11,447,000
Homestake Ridge 2.0 g/t AuEq 5,545,000 100.0 17,380,000 4.58 816,719
Total 29,277,000 816,719

In preparation for filing a technical report for the Kitsault Valley project in early 2023 along with an updated and united resource calculation, Dolly Varden plans to complete a significant drill program in 2022 which is expected to include:

  • Infill drilling at deposits on Dolly Varden and Homestake Ridge to increase mineral classifications from Indicated and Inferred to Measured and Indicated
  • Step-out drilling from known deposits to increase mineral inventories
  • Exploration drilling of the underexplored 5.4km area between the known deposits

For further information on the combined Kitsault Valley project, please refer to the Dolly Varden Resources and Homestake Resources pages on this site.

Dolly Varden Silver