DV's Exploration Strategy + Silver Reaches a 3-Week High Today, silver rose to around $28.5 per ounce, a three-week high, and some predictions suggest that it could rise to $34.70 this year.
source: https://investinghaven.com/forecasts/silver-price-forecast-2024/
This positive trend bodes well for silver exploration companies like Dolly Varden Silver Corp. (DV.v or DOLLF for US investors) which recently unveiled its detailed plan for the 2024 exploration drilling at its wholly owned Kitsault Valley Project.
The initial phase involves 25,000 meters of diamond drilling with three drills, aimed at leveraging recent discoveries and enhancing significant high-grade intercepts from last year's drilling, particularly at the Homestake Silver and Wolf deposits.
This project comprises two adjacent properties, Homestake and Dolly Varden. Notably, the Dolly Varden Silver Property has a storied history dating back to its discovery in 1909.
Roughly one-third of the program is focusing on the Homestake Silver deposit, another third on the Wolf deposit, and the remaining third on various exploration targets across the project, all of which show promising potential for new discoveries.
Drilling at the Wolf Vein is designed to define the width and extent of the southward plunge of high-grade silver mineralization. Step-out holes are strategically placed to trace this plunge, aiming to include any new mineralization in future resource updates.
At Homestake Silver, efforts will focus on resource expansion and upgrade drilling, targeting the north-dipping plunge of wide, high-grade gold and silver mineralization discovered in 2023. This includes follow-ups on successes like drill hole HR23-416, which intercepted a broad zone with substantial gold and silver grades.
More here: https://dollyvardensilver.com/dolly-varden-silver-outlines-2024-resource-expansion-and-discovery-focused-exploration-drill-program/
Posted on behalf of Dolly Varden Silver Corp.