Dolly Varden Silver Corp Expands Holdings in Golden Triangle with Strategic Property Acquisitions
- Dolly Varden Silver Corp. acquires four mineral properties, expanding its presence in British Columbia's Golden Triangle region.
- The American Creek Property shows high silver grades, with historical drilling revealing concentrations up to 5,258 g/t.
- The company continues exploration efforts, focusing on high-grade silver and gold resources in its enhanced portfolio.
Dolly Varden Silver Corp Expands Mineral Holdings in Golden Triangle
Dolly Varden Silver Corporation (TSXV: DV) announces the successful completion of its acquisition of interests in four mineral properties from MTB Metals Corp., a strategic move that significantly enhances its footprint in British Columbia's prolific Golden Triangle region. The properties—American Creek, Theia, BA, and Red Cliff—collectively span over 20,000 hectares and are located near prominent mining operations. This acquisition consolidates Dolly Varden’s position in an area renowned for its rich mineralization, particularly in silver and gold. The company issues 486,072 common shares to MTB Metals at a deemed price of $3.59 per share, reflecting a strong confidence in the potential of the newly acquired properties.
Among the acquired assets, the American Creek Property stands out due to its historical significance and impressive silver grades, with documented concentrations ranging from 8,000 to 17,000 grams per tonne (g/t). Historical drilling results reveal intersections as high as 5,258 g/t over considerable depths, indicating the property’s potential for high-grade silver production. The Theia Property adds further geological value, strategically expanding the tenure around Dolly Varden's Kitsault Valley Project. Meanwhile, the BA Property is noted for its multiple mineralized showings, suggesting strong silver-lead-zinc potential. The Red Cliff Property, located just south of American Creek, contains remnants of a past-producing gold and copper mine, presenting additional exploration opportunities for the company.
This acquisition follows Dolly Varden’s earlier announcements concerning the Kinskuch and Porter Properties, underscoring the company's ongoing commitment to advancing its exploration initiatives. With a strategic focus on high-grade silver and gold resources, Dolly Varden continues to explore potential mineralization, particularly in porphyry and skarn styles across its properties. The company remains poised to leverage its enhanced portfolio while navigating the inherent risks associated with mineral exploration, reinforcing its long-term growth strategy in the competitive mining sector.
Dolly Varden’s strategic acquisitions not only bolster its mineral portfolio but also enhance its operational capabilities in a region rich with mineral resources. The company is committed to continuing its exploration efforts, particularly in the Kitsault Valley Project, which has shown promise for high-grade resource development. Additionally, the securities issued in this transaction are subject to a four-month hold period in compliance with securities regulations, ensuring a responsible approach to capital management as the company advances its exploration initiatives.