Dolly Varden Silver Corporation (Ticker: DV.v or DOLLF for US investors) has recently opened a public offering of shares priced at $1.05 per share, aiming for total gross proceeds of $14,999,985.
Notably, the offering is for $1.05 per unit, above DV's current share price of $0.78. Additionally the prominent mining investor Eric Sprott has indicated interest in participating in the offering.
The proceeds from this share sale will be directed towards further exploration, expansion of mineral resources, and drilling initiatives within DV's combined Kitsault Valley project in northwestern British Columbia's Golden Triangle Region.
Recent drilling at DV's Kitsault Valley Project has yielded positive results, with step-out drilling at its Homestake Ridge area revealing a new, high-grade gold zone.
Results include intervals like 79.49 grams per tonne (g/t) of gold over 12.45 meters, with standout findings of 1,335 g/t of gold over 0.68 meters. Additionally, infill drilling below the high-grade plunge at Homestake Main has uncovered substantial gold values.
These discoveries represent significant progress in defining and expanding mineralization at Homestake Ridge, with further exploration potential remaining open towards the northwest.
With the funds raised from the current offering, Dolly Varden Silver Corp. intends to sustain its exploration endeavors in 2024, with the goal of delineating and building upon these promising discoveries.
Today at 12pm ET DV.v's CEO Shawn Khunkhun went live with the analyst and FinTwit Influencer CEO Technician. The replay is a great listen for those who want to learn more about the company, their summer exploration plans, and recent gold finds.
Replay here:
https://x.com/CEOTechnician/status/1765811213928194159?s=20
Posted on behalf of Dolly Varden Silver Corp.