Dolly Varden Silver Corp V.DV

Analyst Increases DV's Price Target to $1.45/Share

[MarketMakerss]

As highlighted in Streetwise Reports latest feature, Dolly Varden Silver (DV.v DOLLF) is preparing to commence its 2024 season at the Kitsault Valley Project which boasts a 140M oz high-grade and pure-silver resource combining the Homestake Silver Deposit and Dolly Varden Mine.: https://www.streetwisereports.com/article/2024/04/29/analyst-says-silver-stock-is-set-for-pivotal-year.html?utm_source=delivra&utm_medium=email&utm_campaign=TRR4-30-24&utm_id=46136203

 

Located in BC's Golden Triangle, an area known for its mineral wealth and historical mining activity, DV plans to conduct 25,000m of drilling, divided equally between the Dolly Varden & Homestake Ridge Sections.

 

With mobilization in the first week of May, DV will start with three drills focused on following up on new discoveries as well as step out from wide, higher-grade intercepts from the 2023 drilling.

 

DV CEO, Shawn Khunkhun, commented:

"Our drill results from Homestake Silver were among the highest-grade gold and silver intercepts anywhere in the Golden Triangle in 2023; our priority with this early start is to continue with step-outs as well as infill drilling to confirm continuity of the potentially bulk-mineable mineralization. Further south, silver mineralization at Wolf remains wide open for expansion and this seasons' introduction of directional drilling technology will allow for highly accurate placement of drill intercepts"

 

Significantly, Research Capital Corp. analyst Stuart McDougall increased his price target for DV from CA$1.35/share to CA$1.45/share, reflecting expectations for a 25% increase in the project's existing resources as the latest drill holes from the project have added both bonanza-grade and bulk-tonnage potential to the existing resources.

 

Delving Deeper Into The Kistault Valley Project

Prospective for hosting further precious metal deposits, the Project is on the same structural and stratiagraphic belts that host numerous other high-grade deposits including the Eskay Creek Mine and Brucejack.

 

This is significant because, Eskay Creek started as a high-grade silver mine until the later discovery of a strong gold system turned it into a producer of both silver and gold, becoming Canada's highest-grade gold mine in producing over 3M oz of high-grade gold and the 5th largest silver mine in the world with the production of over 160M oz of silver.

 

Notably, Kitsault has already shown high-grade gold potential reminiscent of Eskay Creek and similar to Brucejack with the discovery of 'bonanza-style gold assay results'.

 

For more information, refer to Shawn Khunkhun on Resource Stock Digest regarding DV's recent growth as "the fastest growing established silver producer in the world and its large, high-grade silver and gold endowment in Canada": https://www.youtube.com/watch?v=HUGJn4jeL2I

 

Latest News Release: https://dollyvardensilver.com/dolly-varden-silver-outlines-2024-resource-expansion-and-discovery-focused-exploration-drill-program/

 

Posted on Behalf of Dolly Varden Silver Corp.