TSXV:DV - Post Discussion
Post by
MarketMakerss on Feb 20, 2024 6:18pm
DV on Proven & Probable
Deemed "bonanza-grade" gold results by Haywoods Capital Markets, Dolly Varden Silver (DV.v DOLLF) recently unveiled step-out drilling results from Homestake Ridge which marked the discovery of a new high-grade gold zone with 79.49 grams per tonne gold (Aug) over 12.45 meters and 1,335 g/t Au over 0.68 meters.
Notably, these results compare favourably to Newcrest's Brucejack Gold Mine, which produces 300,000 ounces Au per year, hosting similar "assemblages of electrum-bearing quartz-carbonate stockwork". The discovery of significant gold mineralization took place subsequently to silver initially being discovered at the Brucejack property in the early stages of exploration.
DV CEO, Shawn Khunkhun, joined Proven & Probable to discuss the significance of these "remarkable" results from one of the largest, high-grade undeveloped precious metals assets in BC's Golden Triangle : https://youtu.be/KSX9ZABy3sU?si=sR0Tr-AMeBnGsBi_ Homestake Ridge's new high-grade zone "hints at a broader gold trend between Homestake Silver and Main," which DV expects to follow up on during the 2024 summer drill program.
Homestake Ridge is part of DV's massive Kitsault Valley project in BC's Golden Triangle, a 140M ounce high-grade and pure-silver resource.
DV's VP of Exploration, Rob van Egmond, commented:
"The new high-grade gold and silver mineralization encountered in step out drilling to the northwest of Homestake Silver represents a significant breakthrough in further defining, upgrading and expanding the mineralization at Homestake Ridge,"
" This new zone remains open to the northwest, projecting towards the Homestake Main Deposit."
Based on its "right size, right grades, right jurisdiction and strong macro trend on the demand side for silver", DV provides a strong opportunity with a project that's economic and continuing to grow on a "per ounce in the ground basis" and that has attracted one of the best silver miners in the world as a corporate 15% shareholder.
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 and 50% of the company is held by institutional miners including America's largest silver producer, Hecla Mining, as one of their top shareholders.
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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