DV: Striking High Grades Early (Video Summary) Proven and Probable, recently spotlighted Dolly Varden Silver (Ticker: DV.v or DOLLF for US investors), presenting it as a prime silver investment opportunity. DV, with its projects in the Golden Triangle of British Columbia, has been a favorite of high-profile investors like Eric Sprott and Rick Rule.
The company has initiated its 2024 Drill Program, covering 25,000 meters, with a promising outlook based on its strategic location and historical success.
Dolly Varden Silver Corporation focuses on its 100% owned Kitsault Valley Project, a 163 sq. km. area rich in high-grade silver and gold resources. The project includes the historical Dolly Varden and Torbrit silver mines and is on the same belts as other significant deposits like Brucejack. Additionally, the Big Bulk property within the project is prospective for copper and gold mineralization.
The project boasts 140 million ounces of silver equivalent in the Indicated & Inferred categories. Based on DV market cap, its silver is valued at about USD $1.80/ounce in the ground, only 6% of its above-ground value, indicating potential for substantial market revaluation.
In his interview on Proven and Probable, DV CEO Shawn Khunkhun highlighted the company's progress and strategic focus.
DV's recent drilling revealed significant high-grade mineralization, contributing to the company's growing resource base. The 2024 drill program has been aggressive, with three rigs currently in operation and plans to expand drilling activities further.
The company’s exploration success has been driven by understanding the geological patterns and geometry of the mineralization, leading to the discovery of new deposits along a 10-mile trend. The Moose vein, with intercepts over 3,000 grams per ton of silver, is a new growth engine for Dolly Varden.
Looking ahead, shareholders can expect regular updates on drilling progress, with results anticipated on a monthly basis. The company aims to continue expanding its resource base, with a focus on both silver and gold deposits.
Overall, Dolly Varden Silver Corporation is positioned as a high-grade, low-cost silver exploration company with substantial growth potential, backed by strong management, high-profile investors and strategic exploration efforts in a prolific mining region.
Full interview here:
Posted on behalf of Dolly Varden Silver Corp.