VIDEO SUMMARY: Investor Update with DV's CEO Shawn Khunkhun In a recent interview, Dolly Varden Silver’s (Ticker: DV.v or DOLLF for US investors) CEO, Shawn Khunkhun, discussed the company’s 2024 drilling campaign and strategic developments. Here’s a summary of the key topics he highlighted:
Ongoing Drilling Campaign Overview
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Expanded to 32,000m due to positive results and increased confidence
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High-grade intercepts reported from the Moose and Chance areas
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Wolf Zone continues to deliver high-grade silver, with deeper drilling revealing wider and richer mineralization
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Drilling results from the Homestake Ridge area are pending, but previous hits include 357 g/t AgEq over 93m
Exploration Insights
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Drilling has validated a pattern of deposits occurring at regular 1.4 km intervals, guiding future targeting.
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Directional Drilling was used to cut costs by reducing unnecessary drilling, with all-in costs slightly above C$400 per metre
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Khunkhun's two year vision is to grow resources through continued drilling and potential acquisitions, while maintaining a disciplined approach
Financial Strategy and Position
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$32.2M recently raised in a mix of hard dollars and flow-through shares, with significant participation from well-known resource investor Eric Sprott
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DV is estimated to start 2025 with $30M in cash, ensuring funding through 2025
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Focus on expanding exploration and opportunistic M&A
Future Outlook
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Strategic acquisitions remain key, with potential synergies in BC’s Golden Triangle.
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Khunkhun anticipates a “silver squeeze” by late 2025, driven by rising industrial and investment demand. He expects this to create significant upside for the company
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DV's Resource updates and Preliminary Economic Assessments (PEA) will depend on assay results and market conditions
Full interview here:
Posted on behalf of Dolly Varden Silver Corp.