Amid silver breaking out through a decade-long resistance level and experiencing a breakout to the gold and silver ratio, Dolly Varden Silver (DV.v DOLLF) CEO joined SilverWars to discuss the silver standard as well as the rich history and potential of the Kitsault Valley Project in BC's Golden Triangle:
https://www.youtube.com/watch?v=8cKSlA3rR1A Having shifted from a precious metal to an industrial one, silver has been experiencing a substantial uptick in global demand, pushing prices higher and pushing the market into a substantial supply deficit given its extensive use in the technology industry.
The Kitsault Valley Project Currently conducting a 25,000m diamond drill program its 100% owned Kitsault Valley Project, DV boasts a 140M high-grade and pure-silver resource, making it a very rare project, that combines the Homestake Ridge Project and Dolly Varden Project.
Combining the Dolly Varden and Homestake Ridge Project into one to create the Kitsault Valley Project results in a much stronger and more attractive asset with benefits including:
- More attractive to development or acquisitions based on a larger resource base
- 5.5 gap between project allows for potential to increase resource between two deposit areas
- Economies of scale for exploration, development, and potential mining
- Cost savings of general and administration expenses
- Stability of gold resources with the leverage to silver prices
- Seven precious metal deposits to expand
As silver prices increase and the gold-to-silver ratio normalizes, the significance of pure silver miners and their potential value cannot be overstated, making DV an attractive investment.
With three rigs mobilized to test for new discoveries and follow up on high-grade silver mineralization encountered in 2023, DV plans to release the drill results in bathes throughout the summer.
For more information on the extent and potential of this drill program, refer to DV's latest news release:
https://stockhouse.com/news/press-releases/2024/05/27/three-drill-rigs-turning-on-dolly-varden-silver-s-kitsault-valley-project Posted on Behalf of Dolly Varden Silver Corp.