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

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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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