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Dolly Varden wraps up financing

Dolly Varden Silver (TSXV: DV) has wrapped up a C$4.2 million private placement financing after closing the final $500,500 tranche this week. The company is spending $8.9 million this year on exploration at the Dolly Varden silver property in north-western British Columbia.
Dolly Varden wraps up financing Dolly Varden wraps up financing Dolly Varden wraps up financing Dolly Varden wraps up financing Dolly Varden wraps up financing

Dolly Varden silver property in BC, Canada

Staff reporter

Vancouver-based Dolly Varden aims to complete 25,000m of core drilling at its namesake project in 2018.

"The entire Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that hosts numerous other, on-trend, high-grade deposits [such as Eskay Creek and Brucejack]," the company says.

Dolly Varden shares are currently trading at less than half the levels they were at in January this year, capitalising the company at about C$21 million.