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BRO K ER 'S P I C K S Dorot hy H of f e r t DOLLY VARDEN SILVER ��� Drilling confirms high silver grades D olly Varden Silver Corp. [DV-TSXV] is 100% owner of the historic Dolly Varden Silver mines. The 94 km2 property is located in the northern Kitsault region of British Columbia, approximately 40 km southwest of Stewart, BC and 30 km north of the village of Alice Arm. Discovered in 1910, the Dolly Varden Mine property contains four historic deposits, two of which were active mines with production of 20 million ounces of silver, and two deposits which were in the development stage. The property contains the core of the historic, silver-rich, Dolly Varden Mining Camp and encompasses several historic underground workings including the Dolly Varden, Torbrit, North Star, and Wolf Mines. Silver-gold rich VMS style mineralized zones were also discovered and mapped at the Salmon River formation sediment volcanic contact, the V-vein, Red Point and Surprise showings and in the hanging wall of the Harry Hopson, Alana Ramsey, Oscar Guo, Brandon Hopson at the 1025 Wolf Mine. level of the Torbrit Mine. Photo courtesy of Dolly Varden Silver Corp. The Dolly Varden Mine produced 1.5 million ounces of silver at an average grade of 35.7 oz/ton in the early 1920s. The Torbrit Exploration during 2012 included an airborne ZTEM (Z-axis Mine produced 18.5 million ounces at an average grade of 13.58 Tipper Electromagnetic system) geophysical survey and underoz/ton from 1949 to 1959. The North Star and Wolf deposits were ground mapping and chip sampling of the Torbrit Mine. The defined and developed but did not see any production. Assays as sampling recorded widths of up to 77 m and silver grades of up high 2,200 oz of silver/ton were recorded from the Dolly Varden to 772 g/t. At the Dolly Varden deposit, a total of 1,728 m in six Mine properties. A historic resource calculation estimated 5.7 M diamond drill holes were completed. Drilling was successful in oz silver in the proven and probable category and a 8.8 M oz sil- confirming the grade and widths of mineralization in historiver inferred resources. The company���s objective is to confirm and cal drilling and mineral resource estimates. Grades ran as high reclassify the historic resources as current mineral resources and as 1,786 g/t silver. A strategic investment from Hecla Mining expand the resource to a target of 40 to 50 million ounces of silver Company [HL-NYSE] was concluded. Hecla acquired 20,000,000 and to ultimately prove a viable mining operation. shares at $0.16 for total proceeds of $3,200,000. This investment The properties lie within the regionally important Stewart by Hecla represents 19.9% of the outstanding shares of DV. Complex and are hosted in Jurassic-age volcanic rocks of the Dolly���s technical team has extensive experience exploring for Hazelton Group. The silver-rich deposits display textural miner- Eskay Creek-type deposits in BC���s Golden Triangle and in the realization similar to subaqueous, gold-silver-rich, hot spring type activation of past producing mines. Mineral explorers are the first to volcanogenic massive sulphide (VMS) deposits such as the Eskay say ���The best place to discover a new mine is near an old mine.��� n Creek deposit. The company���s exploration programs will include exploration of major, untested Eskay Creek-type precious metal Dorothy Hoffert has been an Investment Advisor for 20 plus years with rich targets. a focus on the Mining Sector. The information contained in this article Acquisition of the property was completed in the spring of 2011. was obtained from sources believed to be reliable; however, we do not After a base camp was established at Alice Arm, the 2011 explora- represent that it is accurate or complete. This report is provided as a tion program focused on the Wolf deposit. Work included surface general source of information and should not be considered personal mapping and soil sampling in the vicinity of the mine workings, investment advice or solicitation to buy or sell securities. The views underground mapping, resurveying and establishment of the his- expressed are those of the author and not necessarily those of Wolverton torical Wolf Mine grid. A total of 4,600 m in 21 diamond drill holes Securities. Wolverton Securities has not participated in a financing for were completed. Highlights of the drilling included 388 g/t silver this company in the last 12 months. Ms. Hoffert can be reached at 604over a core length of 19.65m and 1,313 g/t silver over 4.21 m. 662-5271. (Member Canadian Investor Protection Fund) 32 www.resourceworld.com MARCH 2013