Mike Fagan,
Editor
June 9, 2021
Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF) — currently trading around C$0.70 per share — has announced the start of 2021 field activities and drilling at its flagship Dolly Varden Silver Project in British Columbia’s prolific Golden Triangle.
This year's program is phase one of a two-year plan to aggressively expand and upgrade the Torbrit deposit, along with multiple silver-rich satellite zones, with the objective of advancing the Dolly Varden Silver Project to become British Columbia’s next high-grade silver mine.
Already, the project boasts an NI 43-101 compliant mineral resource of 32.9 million ounces Ag Indicated plus 11.4 million ounces Ag Inferred — making it the largest pure-play silver project in all of Canada.
And while the majority of the known resource is located at Torbrit — there are several other deposits on the 21,000-acre property [Dolly Varden, Wolf, North Star] being explored that can quickly add ounces to the overall silver haul.
It should be noted that mineralization and alteration at Dolly Varden share strong similarities to the nearby Eskay Creek deposit — an exceptionally rich silver-gold deposit located 100 km north of the flagship property.
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Earlier this year, Dolly Varden reported a highlight drill intercept of 304 grams per tonne silver over 45 meters at the Torbrit deposit, which will be followed up on in the current drill phase slated for 10,000 meters [5,000m at Torbrit and 5,000m of exploratory drilling].
Dolly Varden CEO, Shawn Khunkhun — whom you’ll be hearing more from in just a moment — commented via press release:
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"Our geological team has been highly encouraged with the recent engineering reviews of the Torbrit silver deposit, whereby the majority of the wide, consistent silver mineralization is potentially amenable to bulk underground mining methods such as longhole stoping as well as excellent underground geotechnical conditions. Our 2021 drilling program is designed to upgrade inferred resources to measured and indicated classification and test for near-mine extensions and new mineralized zones to enhance the block model. Additionally, our regional exploration program will test multiple high-grade exploration targets, both at surface in at depth. After an intense and methodical off season geological review, our 2021 field program will be our most ambitious but very goal oriented. Combined with Hecla's nearby drilling program and other junior company exploration Projects, this will be a very busy season in the Dolly Varden silver belt."
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Things are heating up big-time in the Golden Triangle as you’re about to learn. And Dolly Varden is right in the thick of it with its fully-funded 2021 exploration and drilling program.
DV/DOLLF should be an exciting one to watch as results start to pour in. And with C$22 million in the treasury and only around 3% of the property explored in detail to-date — there should be plenty of news flow ahead as the drills start spinning.
Our own Gerardo Del Real of Junior Resource Monthly caught up with CEO, Shawn Khunkhun, for an in-depth discussion on all-things Dolly Varden. Enjoy! CLICK HERE TO LISTEN . Transcript is also available.
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Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.
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