Dolly Varden Silver – Milestones Achieved In 2024 - Key Catalysts And Growth Initiatives For 2025
Shawn Khunkhun, President and CEO of Dolly Varden Silver (TSX.V:DV – OTCQX:DOLLF), joins me to review the key milestones achieved in 2024, and to look ahead to the catalysts and growth to come in 2025 at the Kitsault Valley Project; located in the Golden Triangle of British Columbia.
We kick things off with a comprehensive synopsis of the many of the key news releases this year, starting with the consolidation of the Big Bulk copper-gold porphyry deposit, acquiring the remaining portion of the project from Libero Copper, and then a number of the key drill results returned from the Homestake Silver, Wolf, Moose, and Chance areas of the Kitsault Valley Project. Shawn also outlined the success the company had in raising capital, growing the exposure to key strategic shareholders like Eric Sprott and Hecla Mining, and the strong balance sheet and capital on hand the company has moving into 2025.
Next we point to the better structural geological understanding their exploration team has of the periodicity of high-grade silver mineralization in the southern part of the project; where every 1,400 meters from Torbrit to Wolf to Moose to Chance, there are recurring deposits. This geological model, combined with ground truthing, and modern geochemical and geophysical surveys, has helped the team vector in on future targets across the property and make substantial step-outs from known mineralization. Shawn also highlights the potential at depth where the mineralization is continuing to grow with deeper cost-effective directional drilling.
In addition to the silver resources, there is quite a bit of gold that has been delineated in the northern Homestake Main and Homestake Silver areas of the Project, and these wide envelopes of gold mineralization contribute handsomely to the growing silver equivalent resources in place. Shawn lays out why he remains constructive on the silver pricing environment, the leverage that Dolly Varden has to a rising silver price, and a gold:silver ratio that is likely to show silver catch up to the price of gold.
If you have any follow up questions for Shawn about Dolly Varden Silver, then please email me at Shad@kereport.com and then we’ll get those questions addressed by management, or covered in future interviews.
- In full disclosure, Shad is a shareholder of Dolly Varden Silver at the time of this recording.
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