Dolly Varden Silver Corp.

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held, 163 sq. km. Kitsault Valley project located in the Golden Triangle of British Columbia, Canada. 25 kms by road to deep tide water.

This project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris). Combined resources are of 34,731,000 ounces of silver and 165,993 ounces of gold in the Indicated category and 29,277,000 ounces of silver and 816,719 ounces of gold in the Inferred category.

Expert Comments:

Dolly Varden Silver Corp. releases results from the first hole in its 30,000-meter drilling campaign at its sprawling Kitsault Valley project in British Columbia.
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headshot of Rick Mills

Rick Mills, Ahead of the Herd

"Cashed up from a $13M million financing involving big-name investors like Hecla Canada and Eric Sprott, Dolly Varden Silver Corp. is one of only a few junior resource companies conducting drill programs this summer, in a difficult market. Thirty thousand meters is a large drill campaign, and I am looking forward to seeing it bear fruit as the first assays trickle in; shareholders can expect ample news flow throughout H2/22 and into 2023."

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Rick Mills, Ahead of the Herd

"Dolly Varden Silver Corp. had previously stated that it effectively follows a two-pronged approach to increasing shareholder value. Not only does it aim to grow its resource base through more drilling, but the company was also eyeing properties surrounding its original land package, which led to the Homestake Ridge acquisition and subsequent formation of the Kitsault Valley property. . .Dolly Varden is ready to make its strategies count, beginning with its initial field program at Kitsault Valley."

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Stuart McDougall, Research Capital Corporation

On Feb. 25, 2022, Dolly Varden Silver Corp. successfully closed the Homestake Ridge acquisition from Fury Gold Mines and completed a separate $5.3M equity financing with Hecla Mining under that company's anti-dilution rights. On the back of these developments, we reiterate our Speculative Buy rating and increase our target price."

The Critical Investor

"After a failed hostile takeover attempt of Dolly Varden Silver Corp. in in the past, Hecla Mining now resorts to maintaining its pro rata equity interest in the company these days, as it exercised its anti-dilution right regarding the Homestake Ridge transaction. This time it is going to invest CA$5.3M at a share price of CA$0.59 in Dolly Varden, maintaining its equity interest at 10.25%. . .it is nice to have additional cash with lots of drilling planned."

headshot of Geordie Mark

Geordie Mark, Haywood Securities

"To consolidate the mineral potential of the Kitsault Valley (a former mining district), Dolly Varden Silver Corp. has proposed to acquire the Homestake Ridge project for $5M cash and the issuance of 76.5M common shares to Fury Gold. . .consolidation of this land package, which would extend for 15 km and have a 163 sq km footprint, brings together combined Indicated resources hosting 34.7 Moz silver and 166 Koz gold."

headshot of Rick Mills

Rick Mills, Ahead of the Herd

"Dolly Varden Silver Corp. continues to return high-grade silver results from the southern end of the highly mineralized Golden Triangle, one of only a few pure-play silver districts in the world, and the largest such project in all of Canada. The first batch of drill assays from 2021 saw silver grades exceeding 1,500 g/t; the latest assays, the first of 21 drill holes left to report, returned up to 1,220 g/t."

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
headshot of Geordie Mark
Geordie Mark, Head, Mining Research – Haywood Securities
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

Company News 

8/10/2022 – Dolly Varden Intersects 50.2 Meters of 414 g/t Silver in Step-Out Drilling at Kitsol Vein

7/13/2022 – Dolly Varden Silver Appoints Robert Van Egmond as Vice-President Exploration and 2022 Exploration Update

5/17/2022 – Dolly Varden Silver Mobilizes Three Drill Rigs to Commence an Initial 30,000 Meters of Resource Expansion, Upgrade and Exploration Drilling

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

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
Advanced stage, high-grade silver and gold project
Located in a safe jurisdiction, Golden Triangle, BC
catalyst Calendar
Q2-Q3 2022 Drilling
Drill Results
Drill results
Updated 43-101 Results