Dolly Varden Silver Corp. (Ticker: DV.v or DOLLF for US Investors) is preparing for what many are calling a pivotal year as it commences its 2024 exploration season at its t 163 sq km Kitsault Valley project, strategically nestled within BC's Golden Triangle.
Boasting a 64 million ounce silver resource alongside a million ounces of gold across all categories, totaling a silver equivalent of 140 million ounces of high-grade silver eq, the project holds high promise.
Having secured $75 million in capital thus far, Dolly Varden shareholders include reputable entities like Hecla Mining (Mcap $3.275B). Notably, Hecla Mining's recent 50% increase in stake underscores the growing confidence in Dolly Varden's trajectory and potential for growth.
The company's allure lies in its small float and high-grade endowment, factors that have propelled its outperformance in the silver market by an impressive 300%.
In 2023, Dolly Varden conducted a robust drilling program covering an extensive 51,000 meters, yielding positive results such as 79.49 g/t Au over 12.45m, with 1,335 g/t Au over 0.68m. These findings underscore Dolly Varden's exploration prowess and the vast untapped potential within its projects.
As highlighted in the article linked below, Dolly Varden saw a surge in market cap last week, rising by CA$43m to hit $283M following a 16% gain in the stock.
With a strategic focus on connecting deposits, expanding mineral inventory, and fostering strategic alliances, Dolly Varden is well-positioned to capitalize on the growing demand for silver amidst an evolving market landscape.
More here: https://finance.yahoo.com/news/dolly-varden-silver-corporations-cve-101033855.html
Posted on behalf of Dolly Varden Silver Corp.