11:44 AM EDT, 08/21/2017 (MT Newswires) -- Dolly Varden Silver Corporation (DV.V) said Monday its results from five additional holes from the 2017 program on the Dolly Varden Silver Project in the Golden Triangle of northwestern British Columbia.

In a statement, the company noted that Hole DV17-048 intersected three mineralized structures. The first structure corresponds to the silver-rich Dolly Varden Vein, and the lower two intercepts correspond to more base metal-rich zones. Hole DV17-048 Upper Zone yielded a core length of 13.22 metres grading Ag 701.8 g/t, Pb 0.36% and Zn 1.05% for a silver-equivalent of 772.1 g/t. Within this Upper Zone interval is 2.60 metres grading Ag 2,355.8 g/t, Pb 1.08% and Zn 2.91% for a silver-equivalent of 2,554.7 g/t.

The Middle Zone of hole DV17-048 yielded a core length of 20.50 metres grading Ag 107.1 g/t, Pb 1.30 % and Zn 3.52 % for a silver-equivalent of 347.8 g/t. Within this Middle Zone interval is 3.00 metres grading Ag 285.4 g/t, Pb 6.13% and Zn 10.93% for a silver-equivalent of 1,120.5 g/t.

Shares of Dolly Varden on Monday surged up about 15% to $0.70 apiece.