HR24-435 returned 100.8 metres at 4.64 grams gold and 38 grams silver from 287.5 metres depth, 34.9 metres grading 12.23 grams gold and 84 grams silver, and 1 metre at 166 grams gold and 675 grams silver.
“The identification of a gold-rich, wide and high-grade area within the Homestake Silver Deposit is highly encouraging,” Shawn Khunkhun, Dolly Varden Silver CEO said in a release on Monday. “Our geological team is encouraged by overlapping mineralizing phases of silver and gold rich veins and breccias; the deposit remains open for expansion.”
This year’s drill program at Kitsault Valley comprised 69 holes for a total of 31,726 metres, with 41 holes totalling 15,546 metres drilled in the Dolly Varden area and 28 holes totaling 16,181 metres at Homestake Ridge.
Silver, at $32.64 per oz. on Monday touched highs last seen 11 years ago, with gold, at $2,741 per oz. just below its historic high of $2,790…
