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.
The project is rare having significant resources of silver in a safe jurisdiction.
Benefits to shareholders of the acquisition include:
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||7.02||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|
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: