Providing insight into recent key news flow from precious metal juniors, John Rubino joined Korelin Economics yesterday to discuss his outlook on gold, silver, precious metals producers, sector sentiment and more: https://youtu.be/JB-_VI2TKes?si=Ksh5N5O4OJfwP_Mt Lately, despite precious metals juniors putting out significant news, it's been "falling on deaf ears" as the companies aren't getting the market love for it. However, Rubino believes that eventually, the scenario will turn as sentiment changes, thus the value creation that juniors are doing will start to get recognized.
One such junior discussed during this interview was Dolly Varden Silver (DV.v DOLLF) who recently unveiled step-out drilling results from Homestake Ridge which marked the discovery of a new high-grade gold zone with 79.49 grams per tonne gold (Aug) over 12.45 meters and 1,335 g/t Au over 0.68 meters.
Deemed "bonanza-grade" gold results by Haywoods Capital Markets, these results compare favourably to Newcrest's Brucejack Gold Mine, which produces 300,000 ounces Au per year, hosting similar "assemblages of electrum-bearing quartz-carbonate stockwork". The discovery of significant gold mineralization took place subsequently to silver initially being discovered at the Brucejack property in the early stages of exploration.
Homestake Ridge's new high-grade zone "hints at a broader gold trend between Homestake Silver and Main," which DV expects to follow up on during the 2024 summer drill program.
Located within one of the largest, high-grade undeveloped precious metals assets in BC's Golden Triangle, Homestake Ridge is part of DV's massive Kitsault Valley project in BC's Golden Triangle, a 140M ounce high-grade and pure-silver resource.
DV's VP of Exploration, Rob van Egmond, commented:
"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,"
" This new zone remains open to the northwest, projecting towards the Homestake Main Deposit."
Based on its "right size, right grades, right jurisdiction and strong macro trend on the demand side for silver", DV provides a strong opportunity to investors in demonstrating a project that's economic and continuing to grow on a "per ounce in the ground basis" and that has attracted one of the best silver miners in the world as a corporate 15% shareholder.
Growing from a $20M market cap to a $200M in last 3 years, DV has raised $65M from a range of top mining investors and 50% of the company is held by institutional miners including America's largest silver producer, Hecla Mining, as one of their top shareholders.
However, despite having grown its market cap by 10x and increased its share price by 300%, DV considers itself only 15% of the way through its journey at Kitsault due to the amount of prospectively and new discoveries remaining.
Posted on Behalf of Dolly Varden Silver Corp.