Wolf Vein Daughter Hole Assays Amid its ongoing 25,000m drill program, Dolly Varden Silver (DV.v DOLLF) released additional assays from the Wolf Vein step out directional drilling at its 100% owned Kitsault Valley Project in British Colombia's Golden Triangle.
Spanning 163 sq. km and hosts high-grade silver and gold resources, the 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.
Drill Program Highlights
- Drill Hole DV24-412: Averaged 606 g/t silver over 16.20 meters on a 45-meter step-out from 2023 drilling.
- Drill Hole DV24-414: Yielded 771 g/t silver over 3.77 meters within a wider breccia zone.
- The drilling aims to expand and infill high-grade silver zones, with approximately 8,000 meters drilled so far.
- Use of directional drilling to precisely target high-grade areas, optimizing exploration efforts without re-drilling from the surface.
- Precious metal inventory has increased by 300% over the past four years, with more resource estimates expected from recent exploration.
Financing and Strategic Investments
- DV recently announced an upsized bought-deal financing of $28 million, consisting of common shares and flow-through shares, with participation from Eric Sprott
- Hecla Canada has increased its stake in Dolly Varden to 15.7%, benefiting from the rising spot price of silver and underscoring Hecla’s confidence in DV’s potential.
With significant growth potential identified across the property, DV plans to continue aggressive exploration, focusing on Homestake Silver and Wolf Deposits. 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.
Source: https://resourceworld.com/dolly-varden-silver-reports-daughter-holes-in-wolf-zone-kitsault-valley-british-columbia/
Posted on Behalf of Dolly Varden Silver Corp.