Securing Near-Term Gains on Silver Stocks

Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF) — currently trading around C$0.63 per share — has vastly increased the extent of silver mineralization at the Wolf Vein through wide-spaced step-out drilling at the flagship, 100%-owned Kitsault Valley silver-gold project located in British Columbia’s Golden Triangle.

Securing Near-Term Gains on Silver Stocks

The company has been releasing a continuous stream of high-grade silver intercepts from its 2022 field program at the multi-deposit project. Two additional holes were just released from the Wolf Vein:

  • Hole DV22-311 intersected 412 grams per tonne silver (g/t Ag) over 12.80 meters including 2.15 meters grading 1,646 g/t Ag, 2.38% lead (Pb), 3.10% zinc (Zn), and 0.10 g/t gold (Au)
  • Hole DV22-316 intersected 551 g/t Ag over 9.80 meters including 3.60 meters grading 1,049 g/t Ag, 1.19% Pb, and 0.29% Zn

Hole DV22-316 — which intersected wide, high-grade mineralization in multiple vein and breccia phases — was drilled 200-plus meters down plunge from previously reported hole DV22-300, which hit 19.85m averaging 584 g/t silver. And hole DV22-311 intersected similar mineralization some 400 meters down dip of DV22-300. 

These are very widely spaced step-outs that have successfully expanded the resource area at Wolf. Importantly, mineralization remains wide-open for further expansion with approximately 50 additional assays pending from the company’s recently completed 4-rig, 35,000-meter program.

Dolly Varden CEO, Shawn Khunkhun — whom you’re about to hear from directly in our exclusive interview — commented via press release:  

“Dolly Varden Silver's wide-spaced step-out drilling this season has more than doubled the strike length of the Wolf Deposit, as well as extending high-grade silver mineralization to over 750 meters in dip extent. The highest grades are within robust, vein-hosted mineralization that is potentially amenable to underground bulk mining methods. We eagerly anticipate additional drilling results from the 2022 season at Wolf, Homestake Main, Homestake Silver and Red Point”

Dolly’s newly-consolidated Kitsault Valley Project - high grade silver investing.Dolly’s newly-consolidated Kitsault Valley Project currently hosts Indicated resources of 34.7 million ounces of silver and 166,000 ounces of gold with additional Inferred resources of 29.3 million ounces of silver and 817,000 ounces of gold within a 163 sq km land package.

That equates to 64 million ounces of silver and just under one million ounces of gold across all categories — making it one of the largest high-grade undeveloped precious metals assets in the Golden Triangle. 

Momentum is clearly building with lots more drilling assays still to come. To get a firsthand look, our own Gerardo Del Real of Junior Resource Monthly caught up with Dolly Varden CEO Shawn Khunkhun to go over the latest high-grade results. 

I think you’ll get an immediate sense of the palpable excitement that’s brewing onsite as the DV team vectors in on potentially bulk mineable mineralization at Kitsault.

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

Click here to see more from Dolly Varden Silver