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Dolly Varden Silver Corp V.DV

Alternate Symbol(s):  DOLLF

Dolly Varden Silver Corporation is a mineral exploration company. The Company is focused on advancing its Kitsault Valley Project, which combines the Dolly Varden Project and the Homestake Ridge Project, which is located in the Golden Triangle of British Columbia, Canada, about 25 kilometers by road to tide water. The 163 square kilometer (sq. km.) project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the big bulk property, which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region. Homestake Ridge comprises the 75 sq. km. northern half of the Company’s 163 sq. km.


TSXV:DV - Post by User

Bullboard Posts
Comment by AlternativeViewon Aug 15, 2017 2:40am
158 Views
Post# 26581481

RE:RE:RE:Two news releases

RE:RE:RE:Two news releases
daktarie wrote: this extended programm needs to be financed...


No it does not.  They had $6M as of the end of March.  This is more than enough for 12,000 meters of drilling.

And they already know a lot more than they are letting on.  See here and scroll down to the map to view holes 59, 60, 61, 62.

https://www.dollyvardensilver.com/site/assets/files/1453/2017-08-09-nr-dv-aa8w3p.pdf

We see that there are already 2 deep holes completed into the new zone.  And don't forget that this map was from last week's PR.  Hole 63 is also likely finished by now.

This make today's statement, "The new discovery may represent a deeper offset, or parallel deposit." pretty much a done deal.  They probably already have preliminary assays in hand.

Perhaps they are waiting for board approval, because they already have the cash and the geological information they need to ramp this up.  And this explains my earlier post where I could not understand why they would announce a course of action that is merely "under consideration"  The board members needed to rubber-stamp the plan are probably off on vacation.

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