DOLLY VARDEN RESOURCES

The Dolly Varden comprises the 88 sq. km southern half of the Company’s 163 sq. km. Kitsault Valley project located in the Golden Triangle of Northwest British Columbia. It features a high-grade 100% silver resource.

It includes four known precious metal deposits: Wolf, North Star, Dolly Varden and Torbrit

Two of the deposits are past producers:

  • Dolly Varden Mine (1919-1921) – 1.3 million oz at 1,109 g/t Ag (epithermal silver veins)
  • Torbrit Mine (1949-1959) – 18.7 million oz at 466 g/t Ag + base metal credits (volcanogenic low-sulphidation with cross cutting epithermal veins)

The project is located adjacent to Helca Mining’s 594 sq. km. Kinskuch property and includes infrastructure such as a 25km access road to deep water and electricity at the nearby town of Kitsault.

From 2017-2021, the Dolly Varden has seen in excess of 86,000 metres of drilling with new discoveries made in a 100-year-old mining camp as a result of modern exploration technologies, data reinterpretation and drilling.

Recent drilling successes from 2017-2021

Dolly Varden Resources

  1. Effective May 8, 2019, Apex Geosciences Ltd.
  2. 150 grams of silver per tonne (g/t Ag) cutoff grade
  3. Indicated and Inferred Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resource as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading the resource to a measured resource category. There is no guarantee that any part of the mineral resource discussed herein will be converted into a mineral reserve in the future.

Past production at the Dolly Varden mine includes ore direct shipped to tidewater whereas Torbrit produced a silver concentrate.

2017 metallurgical test work showed strong recoveries and production of a clean concentrate, low in deleterious elements.

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