In a recent interview on Kerry Lutz's Financial Survival Network, Dolly Varden Silver Corp.__ CEO Shawn Khunkhun shared exciting updates about the company's ongoing drilling efforts at the Kitsault Valley Project.
The company continues to report high-grade silver results, with their latest drill intersecting an impressive 1,091 grams per ton of silver over a span of 9.3 meters. This marks another significant milestone in Dolly Varden's resource expansion efforts.
Khunkhun highlighted Dolly Varden's use of innovative directional drilling technology, allowing the company to save significant costs—approximately $1.6 million—by drilling "mother" holes and branching out into "daughter" holes.
This method not only enhances drilling precision but also enables the company to cover more ground efficiently. The savings will allow Dolly Varden to continue their aggressive drilling program, with three rigs currently active on site and more results expected soon.
Additionally, Khunkhun noted the favorable conditions in the broader silver market, driven by a rising silver price and a favorable gold-to-silver ratio.
This environment has sparked increased merger and acquisition activity, with a recent $2.1 billion takeover in the mining space underscoring the value of high-grade projects like Dolly Varden's.
Khunkhun suggested that Dolly Varden, with its strategic position in Canada's Golden Triangle and ongoing success in silver discovery, could be a potential takeover target.
Dolly Varden Silver Corp. is one of only a few companies globally focusing on silver resource expansion, positioning it as a compelling choice for investors, particularly as silver becomes increasingly rare.
With a current resource estimate of over 64 million ounces of silver and 1 million ounces of gold—figures that CEO Shawn Khunkhun believes are "probably understated"—the company is well-positioned for continued growth.
Full interview here:
Posted on behalf of Dolly Varden Silver Corp.