In a recent interview with Rick Rule, a natural resource investment expert, President & CEO of Dolly Varden Silver (Ticker: DV.v or DOLLF for US investors), Shawn Khunkhun, provided a comprehensive preview of what to expect from DV at the 2024 Rule Symposium on July 7-11.
The Dolly Varden Opportunity
DV's Dolly Varden deposit in the Golden Triangle is a high-grade silver deposit with a rich history, having been one of Canada's largest silver mines in the 1950s. However, by 2020, with only 44 million ounces in the ground, it was not large enough to advance. Khunkhun's strategic acquisition of the neighboring Homestake Ridge deposit, adding a million ounces of gold and 20 million ounces of silver, has significantly expanded the project's potential. The combination of these deposits has resulted in a resource estimate of 150 million silver equivalent ounces.
Shawn Khunkhun's Background and Experience
Shawn Khunkhun brings two decades of experience in the mining industry, where he has honed his skills in identifying undervalued opportunities and mobilizing capital and expertise to capitalize on these opportunities. His career includes significant achievements, such as his involvement with Sand Gold Corporation, which achieved a market cap of $1.4 billion and raised $300 million during his tenure. This background has equipped Khunkhun with the expertise necessary to lead Dolly Varden Silver towards new horizons.
Exploration and Expansion
The company's exploration efforts have been bolstered by recent successful drill results, expanding and extending known silver veins. DV operates within the Golden Triangle in Northwestern BC, an area with a rich history of silver and gold production. Khunkhun emphasized the potential of the region, noting that many of the great mines in the Triangle started as silver deposits and evolved into substantial gold deposits. He sees similar potential for DV.
Upcoming Drilling Program
DV is set to embark on an ambitious 25,000-meter drill program starting on May 15, 2024, with three rigs in operation. The program is divided into three main focus areas: expanding the new gold discovery at Homestake, delineating a resource at the Wolf deposit, and conducting property-wide exploration to uncover new opportunities. Khunkhun highlighted the high potential for success in these areas, with a significant portion of the program aimed at growth opportunities for shareholders.
Future Plans and Documentation
The company plans to produce a new NI 43-101 resource estimate following this drilling season, which will be used to prepare a Preliminary Economic Assessment (PEA). These third-party documents will provide speculators with a better understanding of the project's economics and potential.
Moreover, DV participation in the 2024 Rule Symposium promises to be an exciting opportunity for investors to learn more about the company's progress and future potential. With Shawn Khunkhun at the helm, Dolly Varden Silver is well-positioned to capitalize on its rich history and expand its high-grade silver and gold deposits in the Golden Triangle.
Full video here:
Posted on behalf of Dolly Varden Silver Corp.