TSXV:DV - Post Discussion
Post by
MarketMakerss on Jun 28, 2024 2:32pm
Striking High Grades Early - DV CEO Interview
Following the recent discovery of new high-grade mineralization at the Moose and Chance Veins, Dolly Varden Silver (DV.v DOLLF) CEO Shawn Khunkhun joined Proven & Probable to discuss the company's recent results and future plans:
https://www.youtube.com/watch?v=104LBBkpYBM Company Overview:
- Advancing the Kitsault Valley Project in BC’s Golden Triangle, a high-grade undeveloped precious metal asset.
- Significant resource of over 140M ounces of Silver Equivalent: 64M ounces of Ag & 1M ounces of Au
- Located in a prolific mining area surrounded by some of the richest and largest silver and gold mines in the world.
- Business value is driven by the size and grade of mineralization, with ongoing growth through exploration and discovery.
Drill Program Insights and Results:
- Initial results from the 2024 drill program highlighted two new opportunities: the Moose and Chance veins, both of which show significant potential for future growth
- Veins intersected 977g/t Ag over 5m including 3,670g/t Ag over 0.79m & 206g/t over 23.03m including 597g/t Ag over 1.40m and 749g/t Ag over 0.50m
- Multiple deposits found along a 10-mile trend including new deposits recently identified
- Historic mining area with rich silver mines, currently featuring seven deposits making up the mineral resource.
Exploration Success:
- Previous explorers had not fully realized the potential of certain areas.
- DV's team has identified a repeating pattern of mineralization, leading to successful drilling results.
Current Operations:
- Three rigs currently operating at the Wolf deposit, aiming to delineate a resource estimate.
- Expansion plans include moving a rig to the Homestake area to follow up on a promising gold discovery from the previous year.
- Shareholders can expect regular updates on drilling progress, potentially monthly or more frequently.
Challenges and Market Outlook:
- Skilled and experienced team, maintaining safety and efficiency.
- Silver is undervalued compared to historical highs with significant upside potential for precious metals anticipated.
- The macroeconomic environment, including high debt levels and rising interest rates, could lead to a bullish market for silver.
- The stock has seen significant growth, and DV aims for further valuation increases.
Conclusion:
- Kunkun emphasizes the importance of investing in precious metals given current market conditions.
- Dolly Varden Silver aims to capitalize on these trends and continue its successful exploration and growth strategy.
Aiming to capitalize on the current previous metal market trends, DV is set to continue its successful exploration and growth strategy having already had an impressive start to its mining season.
Given silver is currently trading at only 60% of its all-time high value, supply constraints and new demand indicate silver is poised for a significant increase. Plus, DV could still be valued at a billion dollars even without finding additional silver as one of the few pure-play silver companies in a top jurisdiction, posing a significant opportunity.
Posted on Behalf of Dolly Varden Silver Corp.
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