Dolly Varden Silver's (Ticker: DV.v or DOLLF for US investors) latest exploration efforts at its Homestake Ridge property in British Columbia's Golden Triangle have unearthed what analysts are calling a "bonanza-grade" gold-rich zone, marking a significant milestone in the company's trajectory.
The discovery of high-grade gold, includes impressive figures such as 79.49 grams per tonne gold (g/t Au) over 12.45 meters and 1,335 g/t Au over 0.68 meters.
As highlighted in the Streetwise Reports article linked below, Marcus Giannini of Haywood Capital Markets believes that DV's new results compare favorably to the nearby Brucejack mine, which produces 300,000 oz of gold per year.
Additionally, the identification of a new high-grade zone northwest of the Homestake Silver Deposit hints at a broader gold trend within the region.
Beyond the immediate excitement of the gold strike, the Streetwise Reports article highlights how it is essential to consider Dolly Varden's broader strategy and the context of its recent acquisitions and partnerships.
The company's acquisition of Homestake Ridge in 2022 not only diversified its portfolio but also positioned it well in both the silver and gold markets.
Additionally, agreements such as the one with Libero Copper & Gold Corp. (LBC.v) for the Big Bulk copper-gold porphyry project highlight Dolly Varden's strategic vision and commitment to growth.
Looking ahead, Dolly Varden's upcoming catalysts, including its 2024 drilling program and mineral resource estimate for the Kitsault Valley project, are expected to further propel its trajectory. CEO Shawn Khunkhun's emphasis on the importance of discovery underscores the company's focus on value creation for its shareholders.
In the eyes of industry experts like Chris Temple and Bob Moriarty, Dolly Varden emerges as a compelling investment opportunity.
Temple's characterization of the company as an "impressive" precious metals player resonates with the sentiment shared by many observers. Moreover, Moriarty's endorsement of Kitsault Valley as a project with enormous potential speaks volumes about the long-term prospects of Dolly Varden.
Full article here: https://www.streetwisereports.com/article/2024/02/13/silver-co-finds-remarkable-gold-rich-zone.html
Posted on behalf of Dolly Varden Silver Corp.