DV up 6% Amidst Strategic Acquisition News Dolly Varden Silver (DV.v DOLLF) closed up 6% on the TSXV today, accompanied by a trading volume exceeding 100,000 shares.
This uptick in share price may be indicative of positive market sentiment surrounding DV's recent announcement of acquiring a segment of the Big Bulk Copper-Gold Project.
The Big Bulk porphyry, discovered in the early 1900s, displays characteristics suggesting a bulk tonnage scenario, featuring larger crystals and mineralized fluids with lower-grade copper, gold, silver, and molybdenum.
In a recent [paid promotional message] video, DV's CEO, Shawn Khunkhun, detailed the company's agreement with Libero Copper to procure the southern portion of the Big Bulk Property.
This strategic initiative is designed to consolidate the entire copper-gold porphyry system, enhancing DV's prospects in the Golden Triangle of British Columbia.
The acquired property covers 3,000 hectares and comes with crucial land use agreements and exploration permits.
These existing permits are anticipated to streamline DV's exploration activities, paving the way for potentially transformative discoveries.
Additionally, results from 70 holes drilled at DV’s Kitsault Valley Project project are still pending.
Overall 110 holes were drilled at the Kitsault Valley Project in DV’s 2023 drill program.
The Kitsault Valley Project is on the same structural and stratigraphic belts that host numerous other, high-grade deposits, such as Eskay Creek and Brucejack.
Notably, the project's Wolf Vein has returned 461 g/t AgEq over 26.99 meters and 287 g/t AgEq over 18.21 meters.
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Posted on behalf of Dolly Varden Silver Corp