Dolly Varden Silver Corp.

Dolly Varden Silver is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects: the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits since it comprises the same structural and stratigraphic settings that host numerous other high-grade deposits (Eskay Creek and Brucejack). The Big Bulk property is prospective for porphyry- and skarn-style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM and Red Chris).

Expert Comments:

After Dolly Varden Silver announced the transaction with Fury Gold Mines regarding the Homestake Ridge Project, the Critical Investor looked into future potential coming from combining Homestake with the Dolly Varden Project, and exploration potential.
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Bob Moriarty
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Stuart McDougall, Research Capital Corporation

"Dolly Varden Silver Corp. announced a proposed acquisition of the Homestake Ridge project from Fury Gold Mines. . .Dolly Varden is offering $5M in cash and 76.5M shares, for an implied value of about $50M as of Dec. 3's closing price. . .our initial analysis suggests the terms to be fair and value adding to Dolly Varden shareholders."

headshot of Rick Mills

Rick Mills, Ahead of the Herd

"Dolly Varden Silver Corp. plans to unlock more silver resources from the historical deposits through drilling; according to the company, only about 3% of the property has been explored in detail. An updated NI 43-101 resource estimate completed by Dolly Varden in 2019 revealed 32.9 Moz silver in Indicated resources and 11.477 Moz Inferred, for a total of 44 Moz silver, adjacent to the historical deposits; an aggressive two-year drilling campaign is already underway to expand these resources."

Rick Mills, Ahead of the Herd

"This year's 10,000m drill program is the first phase of Dolly Varden Silver Corp.'s aggressive two-year campaign at the Dolly Varden project to aggressively expand and upgrade the Torbrit silver deposit and multiple silver-rich satellite zones; the ultimate goal is for Dolly Varden to become the next high-grade pure silver mine. About 9,000m of the 10,000m program have been drilled, with assay results pending."

Rick Mills, Ahead of the Herd

"Drilling is progressing well so far in Dolly Varden Silver Corp.'s 10,000m program, split equally between infill and expansion of the high-grade, potentially bulk-mineable silver resource at the Dolly Varden property. It was previously estimated that the project has 32.9 Moz silver in the Indicated category and 11.477 Moz Inferred, all adjacent to the historical deposits; these figures could get much bigger once the drilling is ultimately completed, perhaps surpassing 100 Moz total."

Rick Mills, Ahead of the Herd

"With silver continuing to play a critical role in all 'green revolution' discussions, there should be plenty of traction for silver-focused companies like Dolly Varden Silver Corp. going forward. The company is well underway into a drill program that could potentially expand its silver resources by three times more; this would support its belief that there is a pure silver district emerging within the Golden Triangle of British Columbia."

Rick Mills, Ahead of the Herd

"Dolly Varden Silver Corp. commenced drilling at its namesake silver project. . .this initial surface diamond drill program will consist of 10,000m, split 50/50 between infill and expansion of the high-grade, potentially bulk-mineable silver resource at the Torbrit deposit and regional exploration of multiple, highly prospective targets throughout the property. The 2021 drill program is the first phase of an aggressive two-year campaign at Dolly Varden."

More Expert Comments

Experts Following This Company

– The Critical Investor
The Critical Investor – The Critical Investor
Michael Gray, Analyst – Agentis Capital
headshot of Maurice Jackson
Maurice Jackson, Founder – Proven and Probable
Clive Maund – CliveMaund.com
Stuart McDougall, Mining Analyst, Equity Research – Research Capital Corporation
headshot of Rick Mills
Rick Mills Ahead of the Herd
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
Erik Wetterling – The Hedgeless Horseman

Company News 

12/20/2021 – Dolly Varden Silver Intersects 1,532 g/t Silver over 1.22 Meters at Wolf Vein, 94 Meters Down Dip

12/6/2021 – Dolly Varden and Fury to Consolidate Emerging Canadian Silver-Gold District in the Golden Triangle

11/16/2021 – Dolly Varden Silver Begins Trading on the OTCQX

11/9/2021 – Dolly Varden Silver Strengthens Technical Team with Andrew Hamilton, P.Geo.

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Highly leveraged to the price of silver
44M oz 43-101 complaint resource @ 300 g/t
$20M in cash and advancing project through discovery and development
catalyst Calendar
Drill results