DV CEO on Latest Wolf Vein Intercepts Following the announcement of positive exploration results from its Kitsault Valley pproject and an upsized bought deal financing of $28M, Dolly Varden Silver (DV.v DOLLF) joined Mining Stock Daily to detail the significance of these milestones: https://podcasters.spotify.com/pod/show/mining-stock-daily/episodes/Dolly-Vardens-Shawn-Khunkhun-on-Latest-Wolf-Vein-Results-and-Company-Financing-e2ndlm4/a-abg5p1m
The latest exploration results from the Wolf vein saw significant silver, lead, and zinc mineralization with the latest results returning 1,091g/t silver over 9.38m from the Wolf Vein step out, as part of DV's strategy to explore a mineralized plunge that appears to be expanding with depth.
Located in British Colombia's Golden Triangle, an area that has seen over $5 billion in mergers and acquisitions since 2018, DV's Kitsault Valley Project has 34.7 million ounces of silver and 166,000 ounces of gold in indicated resources, with an additional 29.3 million ounces of silver and 816,700 ounces of gold inferred.
The current drilling program includes the mobilization of three rigs and an initial plan to drill 25,000 meters, focusing on the Homestake Silver and Wolf Deposits while also pursuing new discoveries.
Notably, this financing deal is significant as it allows DV enhance their treasury and continue exploration, aligning with expectations of a potential silver price increase. As DV is trading at a lower valuation compared to industry averages, there are expectations for a revaluation if high-grade silver continues to be discovered.
Full News Release: https://www.globenewswire.com/news-release/2024/08/20/2932906/0/en/Dolly-Varden-Silver-Announces-Upsize-of-Bought-Deal-Financing-to-28-Million-With-Participation-by-Eric-Sprott.html
Posted on Behalf of Dolly Varden Silver Corp.