Dolly Varden Silver Corp V.DV

DV's Bonanza Grade Results Comparable to Brucejack

[MarketMakerss]

Highlighting the "bonanza-grade" gold results, Haywoods Capital Markets dissected on Dolly Varden Silver's (DV.v DOLLF) latest 2023 step-out drilling at the Homestake Ridge Property which included one hole that returned 79.49 grams per tonne gold (Aug) over 12.45 meters and 1,335 g/t Au over 0.68 meters: https://www.streetwisereports.com/article/2024/02/13/silver-co-finds-remarkable-gold-rich-zone.html

 

Notably, 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.

 

Furthermore, 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.

 

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,"

Notably, 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 is part of DV's massive Kitsault Valley project in BC's Golden Triangle, a 140M ounce high-grade and pure-silver resource.

 

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, DV's CEO discussed the significance of these results with CEO.ca: https://www.youtube.com/watch?v=QLTVM7nDRBc

 

Posted on Behalf of Dolly Varden Silver Corp.