Dolly Varden Silver Corp Expands Portfolio with Four New Properties in BC's Golden Triangle
- Dolly Varden Silver Corp acquires four mineral properties, expanding its footprint in British Columbia's Golden Triangle by over 20,000 hectares.
- The acquisition includes significant properties like American Creek, known for historical high silver grades and promising recent drilling results.
- Dolly Varden's Kitsault Valley Project and new properties strengthen its competitive edge and commitment to resource exploration in the region.
Dolly Varden Silver Corp Expands Mineral Portfolio in British Columbia's Golden Triangle
Dolly Varden Silver Corporation solidifies its presence in British Columbia's Golden Triangle with the acquisition of four mineral properties from MTB Metals Corp. This strategic move involves the American Creek Property, Theia Property, BA Property, and Red Cliff Property, collectively covering over 20,000 hectares. The acquisition not only enhances Dolly Varden's operational footprint but also reinforces its commitment to exploration and development in one of the most prolific mining regions in Canada. The company’s decision to issue 486,072 common shares at a deemed price of $3.59 per share reflects its confidence in the long-term value these properties offer.
The American Creek Property stands out due to its historical significance, featuring the Mountain Boy silver mine, which previously yielded impressive silver grades between 8,000 to 17,000 grams per tonne (g/t). Recent drilling activities show promising results, with intersections of silver reaching up to 5,258 g/t. This property is poised to contribute significantly to Dolly Varden's resource estimates and production capabilities. Furthermore, the parcel’s strategic location adjacent to other high-potential properties amplifies its value, as it creates opportunities for further exploration and resource expansion.
In addition to the American Creek Property, the Theia Property enhances the company's geological landscape by extending the tenure area around the Kitsault Valley Project, known for its high-grade silver and gold resources. The BA Property is noteworthy for its numerous mineralized showings and significant potential for silver-lead-zinc discoveries. Meanwhile, the Red Cliff Property, located just south of American Creek, contains remnants of a past-producing gold and copper mine, adding to Dolly Varden's diverse asset portfolio. This acquisition not only strengthens Dolly Varden's competitive edge but also aligns with its growth strategy focused on maximizing resource extraction in the region.
In related developments, Dolly Varden's Kitsault Valley Project continues to gain recognition for its high-grade silver and gold resources, positioning the company favorably in the market. The ongoing exploration efforts and the recent acquisition signal Dolly Varden's commitment to enhancing its operations and expanding its mineral resource base in British Columbia, a region known for its rich geological history and mining potential. This strategic expansion not only underscores the company's ambition but also its role in contributing to the broader mining industry in Canada.
