VANCOUVER, BC, Sept. 8, 2020 /CNW/ - Dolly Varden Silver
Corporation ("Dolly Varden" or the "Company") (TSXV:
DV) (OTC: DOLLF), is pleased to announce an update to the ongoing
drilling program targeting high-grade silver mineralization at its
flagship Dolly Varden Property, located in northwestern, BC.
A second drill rig has arrived on the Property to prioritize
discovery-focused exploration drilling along a previously untested
trend of alteration and mineralization that strikes north from the
high grade Torbrit silver deposit. Additional drilling
is also being planned to expand and upgrade the current resources
and for future engineering studies. Analytical results from the
2020 Dolly Varden Property drilling program are pending. We
are continuing with surface exploration work including mapping and
soil sampling which has already generated additional potential
drill targets.
"Dolly's geological team is very excited about the prospects
along the Torbrit Mine Trend. Torbrit hosts our highest-grade area
of the current mineral resource with overlapping styles of
high-grade silver mineralization," said Shawn Khunkhun, President and CEO of
Dolly Varden Silver. "We
look forward to updating our shareholders with the assays for
our drilling completed to-date, and we are prepared to continue
exploring through the fall season with the purpose of maximizing
the results of our drill plan and budget."
The +4,500 meter long trend hosting the Torbrit deposit exhibits
two significant styles of high-grade silver mineralization: 1)
stratiform exhalative-style silver mineralization and overprinted
by 2) epithermal banded-vein mineralization, with associated lead
and zinc sulphides. Additional technical information on Torbrit can
be reviewed at https://www.dollyvardensilver.com/
Rob van Egmond, P.Geo, Chief
Geologist for the Dolly Varden Silver Corp. is the "Qualified
Person" as defined by NI43-101. He has reviewed and approved the
scientific and technical information contained in this news
release and is supervising the ongoing exploration program and
QA/QC procedures on the property.
About Dolly Varden Silver Corporation
Dolly Varden Silver Corporation is a well-financed 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 high-grade deposits
(Eskay Creek, Brucejack). The Big
Bulk property is prospective for porphyry and skarn style copper
and gold mineralization similar to other deposits in the region
(Red Mountain, KSM, Red Chris).
Forward Looking Statements
This release may contain forward-looking statements or
forward-looking information under applicable Canadian securities
legislation that may not be based on historical fact, including,
without limitation, statements containing the words "believe",
"may", "plan", "will", "estimate", "continue", "anticipate",
"intend", "expect", "potential" and similar expressions.
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, completion of the Offering, Exchange approval
of the Offering, the use of proceeds with respect to the Offerings,
the results of previous field work and programs and the continued
operations of the current exploration 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 the 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
beliefs 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.
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. 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 TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this news
release.
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SOURCE Dolly Varden Silver Corp.