Despite precious metals juniors announcing substantial milestones as of late, their news releases have been "falling on deaf ears" as discussed by John Rubino on Korelin Economics, detailing the lack of market love for the sector: https://youtu.be/JB-_VI2TKes?si=Ksh5N5O4OJfwP_Mt However, Rubino believes this "lack of love" will eventually turn as sentiment changes, thus the value creation that juniors have been 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 g/t gold (Ag) 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 favorably 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."
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.
For more information, check out DV's latest feature on Resourceful Insights:
Posted on Behalf of Dolly Varden Silver Corp.