TSXV:DV - Post Discussion
Post by
MarketMakerss on Mar 13, 2024 7:49pm
Building A Tier-1 Gold & Silver District
With silver on the verge of a historical breakout amid gold hitting $2200, the precious metals market is in the middle of a shining opportunity.
Despite the market seemingly being at the start of a new shift and a major gold trend, the junior mining sector is still flat.
However, this may provide a big opportunity for the market to move quickly, as detailed by Dolly Varden Silver's (DV.v DOLLF) CEO Shawn Khunkhun in the latest interview with Goldfinger Capital, there are similarities to the 2006 market when gold broke $500 and stocks did nothing at first - $2000 may be the new $500.
Building A Tier-1 Gold & Silver District In The Golden Triangle
In joining Goldfinger Capital, DV's Shawn Khunkhun detailed its building of a tier 1 gold and silver asset in the Golden Triangle, the Kitsault Valley Project, a 140M oz high-grade and pure-silver resource combining the Homestake Silver Deposit and Dolly Varden Mine located in the Golden Triangle: https://youtu.be/UHnPMVu_ISc?si=eapcUfUdcNFk1M4V With the discovery of 'bonanza-style gold assay results at Kitsault, analysts are drawing similarities to Newcrest's Brucejack as well as the Eskay Creek Mine which the 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.
3 Investors Wanted Entire $15 Million Financing
Following this discovery, DV announced a $15 million bought-deal public offering which Eric Sprott has publicly indicated his intention to participate in.
This has been a monster year for DV with the drilling of 93m of 357g/t silver and 12m of 80g/t gold showing similarities to Eskay, Premier and Brucejack, thus, capturing the attention of significant investors, three of which who wanted the whole book.
Notably, DV's Khunkun has been focused on balancing minimizing dilution and advancing the project,
Proving to be an incredible deal, DV is fully financed for all 2024 exploration.
Having been deemed analogous to Brucejack, DV's next steps are determining the extent of the similarities in the Kitsault Valley resource, starting with a 30,000m drill program with a minimum of 3 rigs turning.
DV has multiple priority one targets, with one-third being located in the new gold zone at Homestake Ridge where 11,000m is planned.
Another 10,000m are planned at Wolf which is a pure high-grade silver zone similar to the Torbrit mine, the third-largest silver mine in Canada.
Growing from a $20M market cap to a $200M in the last 3 years, DV has raised $65M from a range of top mining investors. Almost 50% of the company is being held by institutions, with America's largest silver producer, Hecla Mining, as one of their top shareholders alongside Fury Gold Mines and Eric Sprott.
However, despite having grown its market cap by 10x and increased its share price by 300%, DV considers itself only 15% of the way through its journey at Kitsault due to the amount of prospectively and new discoveries remaining.
Posted on Behalf of Dolly Varden Silver Corp.
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