Entering the Gold Business: Exciting Developments for DV Dolly Varden Silver (Ticker: DV.v or DOLLF for US investors) recently made waves in the mining industry with the publication of assay results from its 2023 step-out drilling program at its Homestake Ridge property. The company intersected a promising new gold-rich zone to the northwest of the Homestake Silver Deposit, marking a significant breakthrough in its exploration endeavors.
CEO Shawn Khunkhun discussed these developments in a recent interview with CEO.ca, shedding light on the significance of these findings. "These results represent a brand-new gold zone," Khunkhun confirmed. "This represents a 50-meter step out. The closest data point is 75 meters away. So, it's a significant step out."
Full video here:
The assays revealed impressive grades, with highlights including 79.49 g/t Au and 60 g/t Ag over 12.45 meters in one interval and 129.00 g/t Au and 218 g/t Ag over 0.50 meters in another. These results underscore the potential of the Homestake Ridge property and highlight Dolly Varden Silver's commitment to unlocking its full mineralization potential.
Rob van Egmond, Vice-President Exploration at Dolly Varden Silver, further emphasized the significance of these findings, stating, "The new high-grade gold and silver mineralization encountered in step out drilling to the northwest of Homestake Silver represents a significant breakthrough in further defining, upgrading and expanding the mineralization at Homestake Ridge."
In addition to these promising results, Dolly Varden Silver also announced the closing of a deal with Hecla Canada, which saw Hecla's stake in DV Silver increase from 10.6% to 15.7%. This investment underscores Hecla's confidence in Dolly Varden Silver's projects and its commitment to expanding its North American silver portfolio.
Against the backdrop of a forecasted increase in global silver demand for 2024, Dolly Varden Silver's exploration efforts take on added importance. Whether through the discovery of new high-grade gold zones or the expansion of existing silver deposits, Dolly Varden Silver is making strides in solidifying its position in the Canadian mining sector.
Full article: here: https://newsdirect.com/news/video-enhanced-dolly-varden-silver-dv-v-is-now-officially-in-the-gold-business-622054270
Posted on behalf of Dolly Varden Silver Corp.