Dolly Varden Silver Corporation (TSXV:DV,OTCBB:DOLLF) announced the results of the second batch of 10 drill holes from the 2018 diamond drilling program. The Dolly Varden Silver property is in the Golden Triangle of northwestern British Columbia, Canada.
As quoted in the press release:
In the Torbrit East zone, hole DV18-105 yielded 24.00 metres (22.55 meters estimated true thickness) grading gold 287.5 grams per tonne, lead 0.29 percent and zinc 0.11 percent, for a silver-equivalent of 306.6 grams per tonne. Within this intercept are 8.00 metres (7.52 meters estimated true thickness) grading gold 585.2 grams per tonne, lead 0.49 percent and zinc 0.11 percent, for a silver-equivalent of 613.8 grams per tonne.
Historical production from the Guadalupe Mine was first recorded in 1529 and produced an estimated 9,000,000 ounces of silver between 1967 and 1982 from five veins on six levels to a depth of 270 meters below surface. Throughout the centuries, as mining technologies allowed greater depths to be mined and better recovery techniques were developed the economic silver grades dropped. Fluctuations in the price of silver, revolutions and economic downturns resulted in many shutdowns and re-openings but Guadalupe has always managed to recover and continue to produce silver and wealth for investors and the local communities.
As quoted in the press release:
Gary Cope, president & CEO, commented:
Exploration at Dolly Varden is advancing in both known mineralized areas and new targets. Torbrit East is outside of previous resource estimates and illustrates the potential for expansion.
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