Proven and Probable recently released a video highlighting Dolly Varden Silver (Ticker: DV.v or DOLLF for US investors) as "the best silver proposition for your portfolio". DV operates within the Golden Triangle in British Columbia, a region that has witnessed over $5 billion in M&A since 2018. The company has embarked on its 2024 Drill Program, covering 25,000 meters, and has released the first series of results.
Company Overview
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% owned Kitsault Valley Project in the Golden Triangle of British Columbia, Canada. The 163 square kilometer project encompasses high-grade silver and gold resources, including the Dolly Varden and Homestake Ridge sites, as well as the historic Dolly Varden and Torbrit silver mines. The area is highly prospective, being part of the same structural and stratigraphic belts that host other high-grade deposits like the Brucejack Mine.
Recent Developments
In the video, Shawn Khunkhun the CEO of DV, is interviewed and describes the company's progress and future potential. DV has reported significant results from its 2024 drill program, particularly from the Moose and Chance veins. The Kitsault Valley Project continues to show promise with a 64 million ounce silver and million ounce gold estimated resource, translating to over 140 million ounces of silver equivalent.
Exploration Success
Khunkhun detailed how the company's skilled exploration team has successfully identified new deposits along a 10-mile trend within the project area. The Moose vein, for instance, has revealed over 3,000 grams per ton of silver, underscoring the project's potential for significant growth. The company is employing an aggressive drilling strategy, with three rigs currently operating, and plans to expand the program as needed.
Silver Market Outlook
Khunkhun pointed out the broader market dynamics, noting that silver is trading at 60% of its all-time high, despite supply constraints and increasing demand. He anticipates that silver prices could reach new highs, which could significantly benefit DV and its stakeholders.
Conclusion
Overall the video presents DV as a compelling investment opportunity with its high-grade silver and gold resources, strategic location in the prolific Golden Triangle, and ongoing successful exploration efforts. Investors are advised to stay tuned for regular updates as the company continues its aggressive drilling program and unlocks further value from its promising project.
Full video here:
Posted on behalf of Dolly Varden Silver Corp.