DV.v Launches $15M Public Offering Backed by Eric Sprott Dolly Varden Silver Corporation, (Tickers: DV.v or DOLLF for US investors) recently unveiled plans for a public offering of shares valued at $1.05 per share, a notable move considering DV's current share price stands at $0.75. The offering aims to raise a total of $14,999,985, with significant support from renowned mining investor Eric Sprott.
Funding Exploration and Growth
The gross proceeds generated from this offering are earmarked for bolstering exploration initiatives, expanding mineral resources, and advancing drilling activities within DV's expansive Kitsault Valley project located in northwestern British Columbia, Canada. This injection of capital underscores the company's dedication to pushing the boundaries of exploration and uncovering new mineral reserves.
Unveiling High-Grade Gold Discoveries
Recent developments highlight DV's commitment to unlocking new discoveries. Notably, exploration efforts at its Homestake Ridge Project within the Kitsault Valley Project have revealed a promising high-grade gold zone. Initial findings from step-out drilling yielded positive results, including intervals of 79.49 grams per tonne (g/t) of gold over 12.45 meters, with standout results reaching as high as 1,335 g/t of gold over 0.68 meters. Infill drilling beneath the high-grade plunge at Homestake Main has further underscored significant gold values.
Advancing Exploration Efforts
These discoveries represent a significant stride forward in delineating and expanding mineralization at Homestake Ridge, with ample exploration potential extending towards the northwest. Buoyed by the proceeds from the ongoing offering, Dolly Varden Silver Corp. is poised to intensify its exploration endeavors in 2024, with a focus on building upon these promising discoveries.
The company's latest move, supported by Eric Sprott's participation, poises it for further growth and exploration success. Full press releases here
https://dollyvardensilver.com/dolly-varden-silver-announces-15-million-bought-deal-public-offering-with-participation-by-eric-sprott/
Posted on behalf of Dolly Varden Silver Corp.