11:06 AM EDT, 06/18/2020 (MT Newswires) -- Dolly Varden Silver Corporation (DV.V) today announced the company's plans for its 2020 exploration season which includes a planned 10,000 m diamond drill program.

The company will continue drilling to expand the current 43-101 resource from its current 32.9 million ounces of silver (3.42 million tonnes grading 300 g/t Ag) in the Indicated category and a further 11.4 million ounces (1.285 million tonnes grading 277 g/t Ag) in the Inferred category.

Dolly Varden will also focus drilling on high-grade silver targets outside of the mineral resource area.

"This new geological team brings years of regional geological experience and will include a technically improved, more fully integrated field program, data analysis, and staged diamond drilling to test prospective areas within the altered Hazelton Group volcanic rocks that is anticipated to repeat previous high grade silver drill results. It helps that we are starting off this season with a serious note of shareholder confidence as demonstrated by the recent completion of equity financing which we believe will allow us to continue our exploration program through 2021 without further accessing the capital markets," said CEO Shawn Khunkhun.

Detailed field work will precede and accompany drilling, in conjunction with more advanced geologic modelling which will focus on better defining the structural, geophysical, geochemical features and geological architecture of the highly prospective rocks on the property. This modeling will best identify and define the geological controls within multiple styles of silver-rich mineralization on the property, including: stratabound volganocenic mineralization as well as epithermal and orogenic vein-type systems that will provide vectors to areas with high silver discovery potential, as well as copper and gold mineralization which is widespread in the Golden Triangle.

Price: 0.47, Change: 0.00, Percent Change: 0.00