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Silver Grade of 23,997 G/T Hit at B.C. Mining Project
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Along with the highest silver grade, a new discovery and extensions of known mineralization are the highlights of new drill data, noted a Research Capital Corp. report.

Just announced 2022 drill results from Dolly Varden Silver Corp.'s (DV:TSX.V; DOLLF:OTCQX) Kitsault Valley project are noteworthy, for extending the Wolf and Kitsol deposits, returning the best silver grade to date and illuminating a new mineralized discovery, reported Research Capital Corp. analyst Stuart McDougall in a Feb. 7 research note.

McDougall discussed each of these newly identified features.

Outstanding Silver Grades

Regarding the Wolf deposit, McDougall noted, new drill results include the highest silver grade encountered to date at Kitsault Valley: 23,997 grams per ton (23,997 g/t).

This was hit in hole DV22-329 in a subinterval of another high-grade intercept, 8.77 meters (8.77m) of 1,499 g/t silver, including 1.93m of 4,564 g/t silver.

Mineralization Seen To Continue

McDougall presented other standout results from Wolf, which together extend the deposit in several directions. They include:

  • 1.68m of 1,457 g/t silver, including 0.28m of 4,880 g/t silver (from hole DV22-327)
  • 6.81m of 321 g/t silver, including 0.86m of 664 g/t silver (from hole DV22-320)

"Combined, the three [holes] define a shoot measuring 350m long, trending towards the Kitsol vein, located about 1.4 kilometers to the south," McDougall added.

As for the Kitsol deposit, hole DV22-323 extended mineralization downplunge of previously reported, mineralized hole DV22-283. Both are below the resource block model outlined in 2019.

The new hole, DV22-323 showed:

  • 9.6m of 301 g/t silver, including 3.78m of 434 g/t silver

Area for Further Exploration

The new discovery, an area about 500m to the west of the Wolf and Kitsol deposits returned gold, silver, and copper mineralization, identified in four drill holes, reported McDougall. This zone, called Red Point, returned these highlight intercepts:

  • 49m of 0.59 g/t gold
  • 5m of 2.94 g/t gold and 1.65% copper
  • 1m of 8.1 g/t gold, 244 g/t silver and 5.16% copper
  • 1.15m of 17.2 g/t gold and 1.93% copper

Research Capital has a Speculative Buy rating and a CA$1.35 per share target price on Dolly Varden, the current share price of which is about CA$1.


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Disclosures:
1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Dolly Varden Silver Corp. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.

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Disclosures For Research Capital Corp., Dolly Varden Silver Corp., February 7, 2023

Analyst Certification: I, Stuart McDougall, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. Research Capital Corporation publishes research and investment recommendations for the use of its clients. Information regarding our categories of recommendations, quarterly summaries of the percentage of our recommendations which fall into each category and our policies regarding the release of our research reports is available at www.researchcapital.com or may be requested by contacting the analyst. Each analyst of Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst’s personal views and (ii) no part of the research analyst’s compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report.

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Potential Conflicts of Interest: All Research Capital Corporation ("RCC") Analysts are compensated based in part on the overall revenues of RCC, a portion of which are generated by investment banking activities. RCC may have had, or seek to have, an investment banking relationship with companies mentioned in this report. RCC and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned in our Research Reports as principal or agent. RCC makes every effort possible to avoid conflicts of interest, however readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

RC USA INC.: Information about Research Capital Corporation’s Rating System, the distribution of our research to clients and the percentage of recommendations which are in each of our rating categories is available on our website at www.researchcapital.ca. The information contained in this report has been drawn from sources believed to be reliable but its accuracy or completeness is not guaranteed, nor in providing it does Research Capital Corporation assume any responsibility or liability. Research Capital Corporation, its directors, officers and other employees may, from time to time, have positions in the securities mentioned herein. Contents of this report cannot be reproduced in whole or in part without the express permission of Research Capital Corporation. US Institutional Clients – Research Capital USA Inc., a wholly owned subsidiary of Research Capital Corporation, accepts responsibility for the contents of this report subject to the terms and limitations set out above. US firms or institutions receiving this report should effect transactions in securities discussed in the report through Research Capital USA Inc., a Broker – Dealer registered with the Financial Industry Regulatory Authority (FINRA).





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