(via TheNewswire)
DV Silver is developing its 100% held
“The
Three Take-aways from the
1. High grade silver continues at depth
2. Discovery of significant quantities of base metals
3. Moose Vein demonstrating similar metallic profile to
Wolf Vein Highlights:
DV23-375, Southwest Extension step-out:461 g/t AgEq*(296g/t Ag, 1.68% Pb, 3.01% Zn)over 26.99 meters, including2,260 g/t AgEq*(1,475g/t Ag, 10.65% Pb, 12.00% Zn)over 0.50 meterfrom an 81-meter step-out.
DV23-379, Southwest Extension infill:287 g/t AgEq*(247g/t Ag, 0.40% Pb, 0.73% Zn) over 18.21 meters, including1,170g/t AgEq(1,125g/t Ag, 0.14% Pb, 1.09% Zn)over 0.50 meters.
DV23-371: 712g/t Ag over 1.00 meter within a 7.55 meters length interval averaging 269 g/t Ag
1AgEq is calculated using
"The results we are seeing from the Wolf Vein continue to demonstratedepth continuity of the high-grade silver mineralizationas well as an increase in base metal content," stated
When Dolly Varden purchased the Homestake Ridge Property from Fury, the primary objective was to consolidate assets, add size and scale. But Khunkhun and the DV Silver geological team are also exploring a hunch that two metallic zones are connected. DV needed to control both assets to meaningfully explore the hunch.
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“What is special about the
This is the first time during Khunkhun’s tenor as CEO, that DV has reported silver equivalencies.
“Along with 296 grams of silver, we have a significant lead and zinc kicker,” confirmed Khunkhun. “As we go deeper, this base metal zone may continue to add value to the deposit. We believe the Wolf Vein is potentially amenable to underground bulk mining.”
Bulk mining generally has lower mining costs associated with it, allowing for a lower cut off grade bringing in more material, increasing the tonnage per day and number of ounces mined.
“Some of these old, narrow vein deposits don't work in the modern era,” Khunkhun told GSN. “You don’t want to be chasing narrow veins, hand sorting material. Our goal is that
“We've already have a kilometer of plunge length at Wolf,” Khunkhun continued. “When we step out, we get solid hits like this. Why did
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About 47% of DV Silver is owned by institutional investors (Fury – 22%;
“I audition the institutional shareholders,” KhunKhun explained to GSN. “We have various entities throwing money at us at higher prices. It’s tempting to take the money. But I don’t want some hedge fund spontaneously deciding to rotate out of silver into uranium. It’s valuable to have stakeholders who share our long-term vision - like
On
“We are very happy to welcome Hecla’s increased ownership stake,” Khunkhun told
A total of51,454 meters was completed during 2023in 115 drill holes at the Dolly Varden and
The Contractor's drills have been demobilized and the exploration camp has been winterized. The
Contact: guy.bennett@globalstocksnews.com
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