Dolly Varden Silver Corporation (Ticker DV.v or DOLLF for US investors) has recently announced significant drill results from its 2023 program at the Homestake Silver deposit in BC's Golden Triangle. Notably, an intersection of 357 grams/tonne silver equivalent was identified over 93.95 meters, showcasing a substantial zone of exceptional precious metal grades.
Rob Van Egmond, VP of Exploration at DV Silver, highlighted the impact of the 2022 Homestake acquisition, doubling the size of the Kitsault Valley Project. The deposit, split between three key areas, is estimated to hold around one million ounces of gold and 18 million ounces of silver in the inferred category, with a focus on Homestake Main and Homestake Silver.
During the program, 23 drillholes covered 12,150 meters, significantly expanding the width and extent of the high-grade silver and gold mineralized plunge.
Key highlights from the results include a mineralized envelope of 357 g/t AgEq over 93.95m and 630 g/t AgEq over 22.8m.
CEO Shawn Khunkhun emphasized the potential for bulk underground mining, which, with lower costs, enables a lower cut-off grade, increasing material throughput and daily ounces mined.
The company aims to establish an efficient, highly mechanized mine with a low All-In-Sustaining-Cost (AISC), steering clear of challenges associated with old, narrow vein deposits.
Dolly Varden Silver's partnership with Hecla Canada, involving a $10 million investment, reflects confidence in the company's potential. Hecla Mining's increased stake aligns with their strategy to expand their North American silver portfolio.
Against the backdrop of rising global industrial demand for silver and a market deficit, Dolly Varden Silver is well-positioned. The current silver-gold ratio suggests potential for significant returns, reinforcing the company's role as a key player in the evolving precious metal mining landscape.
More here:
https://www.unos.newsdirect.com/news/dolly-varden-silvers-dv-v-homestake-drill-results-a-substantial-zone-of-exceptional-precious-metal-grades-456131360
Posted on behalf of Dolly Varden Silver Corp.