2014 drill targets
posted on
Jun 22, 2014 10:54AM
A new silver company with Eskay creek type gold-silver potential
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 6, 2014) – Dolly Varden Silver Corporation (TSX VENTURE:DV)(OTCBB:DOLLF) (“Dolly Varden” or the “Company”) is pleased to announce the results from its geophysical program at the Dolly Varden property in Northwestern BC. The geophysical models further confirm drill targets for the Company’s proposed 2014 drill program and identify several new targets.
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The review of all available geophysical models identified six targets that are being recommended for follow-up work. Three of these targets are new and are located near the northern boundary of the Dolly Varden property and three of the identified targets confirm existing targets that are already scheduled for drilling in 2014.
The geophysical data adds information about the geometry and outlines the contacts between two key geologic horizons. In particular, the geophysics tracks the DVT Horizon to the north and under the Red Point area. Prior drilling on the DVT Horizon has intersected high grade silver mineralization that remains open to the north. The geophysics was also successful in outlining the Salmon River Formation that is prospective for Eskay Creek style mineralization. The geophysical results are congruent with, confirm, and add additional information to the targets slated to be drilled in 2014.
Further, the geophysical results indicate several new targets that have the potential for additional Eskay Creek style accumulations. These newly developed targets are located on the underexplored northern section of Dolly Varden’s property. The area is several kilometers to the North from the existing historical workings and abuts neighbouring exploration properties controlled by Homestake Resource Corporation and the Homestake – Agnico Eagle Mines joint venture.