Dolly varden and fury to consolidate emerging canadian silver-gold district in the golden triangle
Vancouver, bc / accesswire / december 6, 2021 / dolly varden silver corporation ("dolly varden") (tsxv:dv) (otcqx:dollf) and fury gold mines ltd ("fury") (tsx:fury) (nyse american:fury) are pleased to announce that the companies have entered into a definitive agreement dated december 6, 2021 (the "purchase agreement") pursuant to which dolly varden will acquire from fury, through the acquisition of fury's wholly-owned subsidiary, a 100% interest in the homestake ridge gold-silver project ("homestake project"), located adjacent to the dolly varden project ("dv project" and together with the homestake project, the "kitsault valley project") in the golden triangle, british columbia (the "transaction"). the homestake project hosts a resource estimated to contain 165,993 ounces of gold and 1.8 million ounces of silver in the indicated category and 816,719 ounces of gold and 17.8 million ounces of silver in the inferred category (refer to further resource disclosure at the end of this release) within a 7,500 hectare land package located contiguous to and northwest of the dv project.
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