11:55 AM EDT, 08/14/2017 (MT Newswires) -- Dolly Varden Silver Corporation (DV.V) has released results from exploration drilling on the Dolly Varden Silver Project in the Golden Triangle of northwestern British Columbia. The company said it has discovered a new zone located 200 metres north and 200 metres deeper than the north side of the Torbrit Deposit.

The new discovery may represent a deeper offset, or parallel deposit. These intercepts greatly expand the mineral potential of this sector of the property.

Drilling highlights included: Hole DV17- 058 - Lower Zone yielded a core length of 16.10 metres grading Ag 269.0 g/t, Pb 0.30 % and Zn 0.21 % for a silver-equivalent of 292.8 g/t. Within this Lower Zone interval is 7.65 metres (6.27 m true thickness) grading Ag 481.1 g/t, Pb 0.50 % and Zn 0.29 % for a silver-equivalent of 517.3 g/t.

The 2017 exploration program is ahead of schedule and on budget. It was planned to consist of over 5,000 metres of diamond drilling in about 25 to 35 drill holes. A proposal is being considered to expand the 2017 Exploration program to about 12,000 metres.

Dolly Varden's shares were recently up 5% at $0.630 apiece.

Price: 0.630, Change: +0.030, Percent Change: +5