Located in BC's Golden Triangle, an area known for its mineral wealth and historical mining activity, Dolly Varden Silver (DV.v DOLLF) is currently conducting a 25,000m diamond drill program its 100% owned Kitsault Valley Project.
Significantly, Kitsault boasts a 140M high-grade and pure-silver resource, making it a very rare project, that combines the Homestake Ridge Project and Dolly Varden Project.
With three rigs mobilized to test for new discoveries and follow up on high-grade silver mineralization encountered in 2023, the Moose Vein, Chance Vein and North Start Deposit step-out are DV's initial targets for its 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 plans to release the drill results in batches throughout the summer, with the first results scheduled to be released by the end of June.
Delving Deeper Into The Kitsault Valley Project Combining the Dolly Varden and Homestake Ridge Project into one to create the Kitsault Valley Project results in a much stronger and more attractive asset with benefits including:
- More attractive to development or acquisitions based on a larger resource base -
- Economies of scale for exploration, development, and potential mining
- Cost savings of general and administration expenses
- Stability of gold resources with the leverage to silver prices
- Seven precious metal deposits to expand
- Sharing of technical knowledge
- Shared cost of infrastructure investment
Furthermore, there is a 5.5km gap between Dolly Varden and Homestake, resulting in substantial potential to exponentially increase the resource during this program as drilling is aimed to test the potential connection between the projects' two deposit areas.
For more information on the extent and potential of this drill program, refer to DV's latest news release:
https://stockhouse.com/news/press-releases/2024/05/27/three-drill-rigs-turning-on-dolly-varden-silver-s-kitsault-valley-project Posted on Behalf of Dolly Varden Silver Corp.