With the intersection of high-grade silver mineralization from the first new drill results from its 2024 exploration program, some analysts are expecting Dolly Varden Silver (DV.v DOLLF) to kick into "high-gear" this year, according to Streetwise Reports: https://www.streetwisereports.com/article/2024/06/21/co-finds-high-grade-silver-in-first-new-drill-results.html
With three rigs currently drilling at the Kitsault Valley Project, with 25 holes completed or in-progress, the drill hole highlights include:
- Moose Vein: 977g/t Ag over 5m including 3,670g/t Ag over 0.79m
- Chance Vein: 206g/t over 23.03m including 597g/t Ag over 1.40m and 749g/t Ag over 0.50m
DV CEO, Shawn Khunkhun, commented:
"These excellent results from the first hole at the Moose Vein from the 2024 program exhibits similar geological and mineralization features to the Wolf deposit located 1,400 meter south, suggests that this area has potential to emerge into the northernmost silver deposit along the 5 kilometer long trend that also hosts the Dolly Varden, Torbit and North Star deposits. Limited drilling has been completed at Moose and the robust nature of the mineralized structure suggests a strong mineralizing system. Additionally, the first results over a significant width from the Chance Vein are also very encouraging,"
High-Grade Silver Opportunity in Top Jurisdiction
Boasting a 140M high-grade and pure-silver resource, DV's Kitsault Valley Project hosts several primary silver deposits with over 95% of the metal value from silver, making it a very rare project.
Focused on advancing and de-risking its existing silver resources while continuing to explore the highly prospective project for new discoveries, DV sees the potential to build several silver deposits in the 50-60M ounce range in the project area.
As one of the few pure-play silver companies in a top jurisdiction, DV offers unique exposure to the silver market amid silvers supply forecast remaining in deficit due to rising industrial demand.
'Holding Tight Onto This Stock'
Technical Analyst Clive Maund believes DV is among several stocks that could see some upward movement due to a possible "major upleg" in gold and silver stocks, saying"
"A fine countertrend Pennant has formed in Dolly Varden over the past month that has brought it back to support above its rising 50-day moving average and unwound its earlier overbought condition. The next upleg should start soon, and it could be big."
Further, Jeff Clark of the Gold Advisor wrote that the area being drilled is bigger than it looks on the map, thus there are plenty of places to still find resources, saying:
Dolly Varden is "up 21% YTD, but I expect it to kick into high gear once the silver price breaks out decisively. That's ahead, so I am holding tight onto this stock, one I anticipate not only giving us a nice return from current levels but also a premium when it's eventually bought out."
Full News Release: https://dollyvardensilver.com/dolly-varden-silver-intersects-978-g-t-ag-over-5-00-meters-including-3670-g-t-ag-over-0-79m-at-moose-vein/
Posted on Behalf of Dolly Varden Silver Corp.