TSXV:DV - Post Discussion
Post by
MarketMakerss on Feb 02, 2024 6:07pm
Push for Silver's Inclusion as a Critical Mineral
In a letter sent to the Canadian Minister of Energy and Natural Resources earlier this week, the CEOs of 19 miners, including top producers Coeur Mining, Hecla Mining and First Majestic Silver called for the considering of silver as a critical mineral to position the country to be a supplier of choice for strategic allies.
“Silver is identified as the best electrical conductor, the best metallic thermal conductor, and the best reflective material. These qualities make silver an essential and irreplaceable component for many industrial and technological applications,” the letter reads.
"Silver is a potential bottleneck in the transition to a low-carbon economy due to supply limitations, disruptions to supply chain, competition for other uses, and increased demand,”
Dolly Varden Silver & the Kitsault Valley Project
One such company who signed this letter is Dolly Varden Silver (DV.v DOLLF), a silver junior located in the Golden Triangle with a high-grade and pure silver project, the Kitsault Valley Project
With 140M ounces of high grade silver, the Kitsault Valley Project is a large, high-grade and pure silver project that consolidates Dolly Varden and Homestake Ridge to span 163 square km, with a high-grade gold system to the north.
With one third of the assay results pending, DV recently completed the biggest program on the project, drilling over 51,500m.
The latest drill holes released significantly expanded both the width and extent of the reinterpreted high-grade silver and gold mineralized plunge with stand out intersections include 93.95m of 357g/t AgEq (the length of a city block) and 9,422 g/t AgEq over 1.02m.
Once all results have been released, DV will combine the assays with historic drilling to determine the focuses of its 2024 drill program.
Notably, DV is held by most respected silver investors in the planet including Hecla Mining, Eric Sprott and Fidelity with strategic and institutional investors owning over 50% of the company.
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.
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.
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