“The brand new high-grade gold and silver mineralization encountered in step-out drilling to the northwest of Homestake Silver represents a big breakthrough in additional defining, upgrading and increasing the mineralization at Homestake Ridge,” mentioned Rob van Egmond, VP exploration. “This new zone stays open to the northwest, projecting in the direction of the Homestake Fundamental deposit.”
CEO Shawn Khunkhun mentioned, “Whether or not we uncover new zones of high-grade gold at Homestake Ridge or broaden the big, broad and high-grade silver deposits at Wolf and Torbrit, drilling continues to ship outcomes from the premier, undeveloped gold-silver pattern in Canada.”
The target of drilling throughout 2023 on the Homestake Fundamental and Homestake Silver deposits was to expanded a number of, subparallel mineralized zones and to improve inferred sources within the projected plunge of the broader, higher-grade zone. The drilling accomplished in 2023 at Homestake Fundamental was primarily useful resource growth drilling, concentrating on each down dip and alongside strike from present sources.
Dolly Varden performed exploration drilling final yr on the Crimson Level, North Star and Wolf targets. Moreover silver and gold, copper, zinc and lead have been measured.
The indicated useful resource at Dolly Varden totals 3.4 million tonnes grading 300 g/t silver (32.9 million oz.), and the inferred useful resource totals 1.3 million tonnes grading 277 g/t silver (11.4 million oz.)