Dolly Varden Silver Corp DOLLF

Streetwise Reports Analyst Summary on DV's Gold Potential

[MarketMakerss]

"If there are a few more holes like this, Dolly Varden Silver may need to put "gold" in its name."

Known for owning one of Canada's historic highest-grade silver mines, Dolly Varden Silver (DV.v DOLLF) has caught attention as of late with its recently released gold assay results reminiscent of the nearby Eskay Creek Mine as detailed by Streetwise Reports: https://www.streetwisereports.com/article/2024/03/04/is-this-silver-stock-a-potential-gold-powerhouse.html

 

DV's Dolly Varden Mine and Kitsault Valley Project is a 140M oz high-grade and pure-silver resource that is located in BC's Golden Triangle.

 

The project is located in close proximity to the Eskay Creek Mine which is Canada's highest-grade gold mine which produced 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, DV's latest results demonstrated a high-grade gold potential at the Homestake Main and Homestake Silver Deposits. The step-out drill results at Homestake marked the discovery of a new high-grade gold zone with 79.49 g/t gold (Ag) over 12.45 meters and 1,335 g/t Au over 0.68 meters, and came from a 350m gap between the Main and Silver Zones.

 

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.

 

Having spent over $40M on exploration since DV's previous resource estimate in 2019, the current silver equivalent resource sits around 140M oz AgEq using $US20/oz silver. However, incorporating the growth of the gold component has DV with a stated gold equivalent resource of 1.5M oz AuEq at US$1650/oz gold.

 

Growing from a $20M market cap to a $200M in the last 3 years, DV has raised $65M from a range of top mining investors. Almost 50% of the company is being held by institutions, with America's largest silver producer, Hecla Mining, as one of their top shareholders alongside Fury Gold Mines and Eric Sprott.

 

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, refer to 321 Gold's Editorial on DV: https://www.321gold.com/editorials/moriarty/moriarty030424.html

 

Posted on Behalf of Dolly Varden Silver Corp.