As discussed during Resource Talks CEO BBQ (starting at 2:08:51), Dolly Varden Silver (DV.v DOLLF) is a $215M mineral exploration company that is advancing one of the largest high-grade undeveloped precious metal assets in BC's Golden Triangle, the Kitsault Valley Project: https://youtu.be/_SGZUmSBC6c?si=FmZt0JazOu50bHdh&t=7731 Located in the Golden Triangle, known for its mineral wealth and historical mining activity, DV's 100% owned flagship project, the Kitsault Valley Project covers an area of 163 square km and boasts a 140M oz high-grade and pure-silver resource combining the Homestake Silver Deposit and Dolly Varden Mine.
Recently, DV discovered 'bonanza-style gold assay results' at the Kitsault Project which analysts have drawn similarities to both Newcrest's Brucejack Mine as well as the Eskay Creek Mine which Kitsault's high-grade gold potential is reminiscent of.
Notably, Eskay Creek started as a high-grade silver mine until the later discovery of a strong gold system turned it into a producer of both silver and gold, becoming Canada's highest-grade gold mine in producing 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.
Aiming to unlock the full potential of its silver and gold resource, DV is preparing for a fully funded 30,000m drill program with a minimum of 3 rigs turning to determine the extent of this new gold zone.
Given there are not a lot of primary silver projects out there, this provides a unique opportunity for investors to capitalize on a well-funded primary silver mine in a safe jurisdiction with incredible validation from a range of big mining names.
With multiple priority one targets, one-third of DV's targets are located in the new gold zone at Homestake Ridge where 11,000m of drilling is planning.
Another 10,000m of drilling are planned at Wolf which is a pure high-grade silver zone similar to the Torbrit mine, the third-largest silver mine in Canada.
Fully Funded for 2024 Exploration
Earlier this month, DV announced a $15 million bought-deal public offering which Eric Sprott has publicly indicated his intention to participate in.
Given this has been a monster year for DV with the latest drill results showing similarities to Eskay, Premier and Brucejack, DV captured the attention of significant investors, three of which who wanted the whole book.
Proving to be an incredible deal, DV is now fully financed for all 2024 exploration, positioning the company for a range of upcoming catalysts.
Posted on Behalf of Dolly Varden Silver Corp.