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Dolly Varden Silver: why did Hecla and Eric Sprott take a piece of this action?


British Columbia's famed Gold Triangle remains one of the richest and most lucrative mining zones in the world. On February 25 of this year, two prime stakes - Dolly Varden and Homestake Ridge were combined to form the Kitsault Valley project, currently being explored by the Dolly Varden Silver Corp (TSX-V:DV).

Dolly Varden Silver is a heavily institutionally-owned explorer: a mere 9% of shares is currently held by retail, with Fury Gold Mines in for a whopping 36% and Hecla Mining accounting for another 10% stock. With a market cap of C$170m the company is a larger scale explorer with around C$15m in cash on its books.

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