Dolly Varden Silver Corporation has announced its agreement to acquire the Kinskuch property from Hecla Mining Company for $5 million. This acquisition will significantly expand Dolly Varden's mineral holdings in the Golden Triangle. The transaction is expected to enhance exploration and consolidate project areas, while Hecla will maintain a share in Dolly Varden's technical operations. The deal is pending regulatory approvals and is expected to close by mid-May.
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Company Information
Company
Dolly Varden Silver Corporation
Location
Vancouver, British Columbia, Canada
About
Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. The Dolly Varden Project consists of the namesake Dolly Varden silver property that hosts a unique pure silver mineral resource as well as the nearby Big Bulk copper-gold porphyry property. The Dolly Varden Project is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other high-grade deposits (Eskay Creek, Brucejack). Dolly Varden has recently entered into an agreement with Fury to acquire the Homestake Ridge Project adjacent to the current Dolly Varden property to consolidate the Kitsault Valley Gold-Silver mineralization trend into one large, high-grade precious metals project with further exploration upside potential. The Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris).
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