Today, Dolly Varden Silver (DV.v DOLLF) announced the commencement of its 2024 drilling program at its 100% owned Kitsault Valley Project, a 140M high-grade and pure-silver resource, with discovery-focused exploration targets.
Located in BC's Golden Triangle, an area known for its mineral wealth and historical mining activity, DV plans to conduct 25,000m of drilling to test the potential connection between the projects two deposit areas.
Three drill rigs have been mobilized and are testing exploration targets at Moose Vein, Chance Vein and the North Star Deposit step out.
Objectives of the initial targets include testing for new discoveries and following up from high-grade silver mineralization encountered in the 2023 drilling program.
Drilling will be split evenly between the Dolly Varden Property and the Homestake Ridge Property, with an overall project split of one third of each to the Homestake Silver deposit, the Wolf deposit area and to project wide exploration targets with discovery potential.
DV CEO, Shawn Khunkhun, commented:
"With drilling already underway, our 25,000 meter program is the earliest startup for of any season for Dolly Varden Silver and we look forward to building on resource expansion and high-grade mineralization discovered during the 2023 program. We are excited to continue to grow the premier advanced silver project in Canada, backed by our strong corporate, institutional and strategic investors,"
With an 11 year breakout in silver having occurred due to the lack of a substitute, the market opportunity for DV is clear amid it's current and busy field season. (Source: https://x.com/shawnkhunkhun/status/1791833824936313172?s=46&t=WI8lw8MoN5OqPfJMCKEOqg)
As detailed during his latest quarterly update with TokStocks Small Cap Podcast, DV's CEO Shawn Khunkhun discussed the company's recent accomplishments, financing and exploration plans: https://www.youtube.com/watch?v=lHe2_NRYOYQ
Since January 2023, DV has seen a significant increase of about 50% in price as well as closed a a $15 million bought deal with notable investors, including Eric Sprott.
Full News Release: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/681-tsx-venture/dv/161137-dolly-varden-silver-commences-2024-drilling-program-with-discovery-focused-exploration-targets.html
Posted on Behalf of Dolly Varden Silver Corp.