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.
Dolly Varden Silver Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
Please refer to the important disclosures below for additional details.
Outcrop Silver & Gold Corp.'s maiden mineral resource estimate for its 100%-owned flagship Santa Ana project shows "potential for a sizable project," the company says.
Now is the time to accumulate shares in this mining firm, in advance of the upside potential to be realized from this year's drill program, noted a Haywood Securities report.
Dolly Varden Silver Corp. is mobilizing five rigs to drill 40,000 to 45,000 meters at its massive Kitsault Valley project in British Columbia's Golden Triangle.
Dolly Varden Silver Corp. and five other companies sign a memorandum of understanding to study the viability of a centralized polymetallic mill in British Columbia.
Technical analyst Clive Maund of clivemaund.com reviews Dolly Varden Silver Corp.'s 6-month chart to tell you why he believe now would be the time to buy.
Bob Moriarty of 321 Gold recently appeared as a guest on Streetwise Live to speak about the precious metals industry as well as Dolly Varden Silver. Read more to learn why he believes Dolly Varden could be the next Eskay Creek.
Along with the highest silver grade, a new discovery and extensions of known mineralization are the highlights of new drill data, noted a Research Capital Corp. report.
Coming off a successful year of drilling, this company announces closing a CA$22.6 million private placement, including continued participation by mining heavyweight Hecla.
Dolly Varden Silver Corp. is taking stock of more than 37,000m drilled in 108 holes at its massive Dolly Varden and Homestake Ridge projects in British Columbia.
Accumulating a myriad of analyst coverage, Dolly Varden Silver Corp. has been on our radar for a while, and with its latest drill results, now may be the time to invest, according to a Haywood Capital report.
One hole at this British Columbia property returned 75.13 grams per ton gold and 2,337 grams per ton silver over 1.77 meters, noted a Research Capital Corp. report.
These early results of 2022 drilling at this Golden Triangle property highlight the presence of high silver grades and potential for future resource growth, noted a Haywood Securities report.
This firm, with both high-grade silver and gold assets in one project, already has a resource large enough for a mining-processing operation, noted a Haywood Securities report.
Dolly Varden Silver Corp. is adding a new institutional investor to its stable of big-name backers that includes Hecla Mining Co. and mining financier Eric Sprott.
Dolly Varden Silver Corp. is adding a fourth diamond drilling rig to its campaign at its Kitsault Valley project in British Columbia after seeing big returns.
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.
Dolly Varden Silver Corp. has started its 99-hole drilling campaign at one of the largest high-grade and undeveloped precious metal assets in the Golden Triangle.
One junior silver explorer has almost ideal backing. When it needs capital, it turns to the likes of mining financiers Eric Sprott, Jeff Zicherman, as well as institutional investor Crescat Capital. Hecla Mining is also a major shareholder. That kind of support is rare. Find out why they just added to their positions.
After its recent project acquisition, this Canadian mining company boasts one of the Golden Triangle's largest undeveloped precious metals properties, a significant total mineral resource, and compelling exploration upside.
The Critical Investor was asked again by Streetwise Reports to provide his top 7 picks for the new year — at a point where the COVID-19 pandemic is playing out the Omicron variant, inflation is reaching levels not seen in decades, the Fed surprising the markets with a more hawkish stance than anticipated, with metal prices at very high levels although gold and silver seem to be consolidating and setting up for a breakout.
After Dolly Varden Silver announced the transaction with Fury Gold Mines regarding the Homestake Ridge Project, the Critical Investor looked into future potential coming from combining Homestake with the Dolly Varden Project, and exploration potential.
Maurice Jackson for Streetwise Reports (12/09/2021)
Dolly Varden Silver Corp. is positioning shareholders to have a commanding position on the southern tip of the Golden Triangle by acquiring the Homestake Ridge from Fury Gold Mines, along the Kitsault Valley Trend.
Bob Moriarty of 321 Gold shares his thoughts on Dolly Varden Silver Corp.'s Dec. 6 news of its planned acquisition of the Homestake Ridge gold/silver project from Fury Gold Mines Ltd.
Maurice Jackson for Streetwise Reports (03/29/2021)
Bob Moriarty of 321gold speaks to Maurice Jackson of Proven and Probable about his book chronicling Novo Resources' adventures in Australia, and he also discusses a handful of junior miners on his radar screen.read more >
Rick Mills of Ahead of the Herd delves into the investment metrics of the silver market and explains why he thinks Dolly Varden's prospect is a good bet.read more >
Highlights of the last holes drilled in 2020 at Dolly Varden Silver's namesake property are covered in a Mackie Research Capital Corp. report.read more >
Maurice Jackson for Streetwise Reports (12/17/2020)
Maurice Jackson of Proven and Probable talks through the possibilities at the historical Dolly Varden Silver Mine in British Columbia with CEO Shawn Khunkhun.read more >
Dolly Varden Silver hits "intercepts with consistent, strong silver mineralization, significant thickness and areas of very high-grade silver," including 1,240 g/t silver over 16 meters.read more >
Bob Moriarty of 321gold makes the case for silver and profiles a company with a storied silver project in British Columbia's Golden Triangle.read more >
Rick Mills, founder of Ahead of the Herd, discusses the Golden Triangle region of northwest BC and some junior companies gearing up to explore new and existing targets.read more >
While gold is perceived to have lagged in 2017, the metal is actually up about 10% for the year, notes Frank Holmes, CEO of U.S. Global Investors. In this interview with The Gold Report, Holmes discusses bitcoin and blockchain's dramatic rise, the future of precious metals investing, and companies on his short list to watch.
read more >
Source: The Critical Investor for The Gold Report (01/16/2017)
The Critical Investor examines Dolly Varden Silver, a junior exploration company fully focusing on the Dolly Varden silver district, which is home to several former high-grade silver mines.
read more >
Expert Comments:
SADIF Investment Analytics
(5/29/23)
"We expect Dolly Varden Silver Corp. to be an above-average, long-term investment that is likely to deliver long-term returns. . .the company has strong financials. . .the current market sentiment in relation to it is positive."
Rick Mills, Ahead of the Herd
(5/16/23)
"Of the key factors that determine the success of a project, whether it be management, size, location and past production, Dolly Varden Silver Corp.'s Kitsault Valley seems to tick every single box. And the results so far from one year of drilling are pointing to more than just a 'saleable asset,' with at least one conceptual bulk mining operation envisioned at the Wolf vein. . .this makes the company a story to follow as it embarks on an even bigger program in 2023."
Rick Mills, Ahead of the Herd
(4/26/23)
"One junior explorer that could help mitigate the silver market imbalance is Canada's Dolly Varden Silver Corp. . .the combined mineral resource of 34.7 Moz silver and 166 Koz gold in the Indicated category and 29.3 Moz silver and 817 Koz gold in Inferred, within multiple outcropping deposits, makes Kitsault Valley one of the largest high-grade, undeveloped precious metal assets in all of Western Canada. . .the continuous backing of Hecla, the top silver producer in the U.S., just goes to show the level of confidence the market has in the Kitsault Valley project."
Geordie Mark, Haywood Securities
(4/24/23)
"Dolly Varden Silver Corp.'s bigger than expected 2023 exploration plan on Kitsault encompasses a 40,000–45,000m program for the utilization of five drill rigs that will spring from the growth platform established by geological and discovery drilling on Wolf, the Kitsol vein and Homestake deposits in 2023, not to mention sampling of new targets (e.g.,) Moose vein. . .now is the right time for leverage in precious metals through investment in the company on 2022 results and the upside potential to be germinated in the 2023 program. We recommend accumulating Dolly Varden Silver shares at current levels."
SADIF Investment Analytics
(4/19/23)
"Dolly Varden Silver Corp. has a bright prospect. . .its high-quality financials are the result of a prudent financial position. . .the current sentiment in relation to the company is bullish with a positive outlook. . .we believe Dolly Varden to be a good long-term investment that is likely to deliver long-term returns."
Clive Maund, CliveMaund.com
(3/16/23)
"Dolly Varden Silver Corp. put in a strongly bullish reversal candle, called a 'dragonfly doji,' yesterday, which is a sign that the low for the reaction is in and that the company should now start higher again. . .this is an excellent point to add to positions in Dolly Varden or make fresh purchases."
More Expert Comments
Rick Mills, Ahead of the Herd
(3/15/23)
"My favorite junior silver explorer right now is Dolly Varden Silver Corp. . .Shawn Khunkhun has said that since he took over as CEO in February 2020, the company has significantly grown the resource to almost 50 Moz silver equivalent, Indicated, and another 90 Moz Inferred. 2022 drilling potentially added between 22 and 24 Moz silver, which could mean a 30–40% increase of Dolly Varden's silver resource."
Clive Maund, CliveMaund.com
(3/12/23)
"The fundamentals of Dolly Varden Silver Corp. are excellent. . .we have a better entry point now, and it is rated Buy again here."
Thibaut Lepouttre, Caesars Report
(2/28/23)
"Dolly Varden Silver Corp.'s recently released assay results from the Wolf zone at Kitsault Valley are very strong. The company intersected 15.94m of 1,499 g/t silver and 2.35% zinc-lead in hole DV22-329; as the true width is estimated at 8.77m, this is an excellent result."
Rick Mills, Ahead of the Herd
(2/8/23)
"The final results from 2022 drilling at Dolly Varden Silver Corp.'s Kitsault Valley project are in, and they are spectacular. The Vancouver-based company returned its best silver assay on the property — an impressive 23,997 grams g/t silver, 1.24% lead and 0.34% zinc over 0.35m. . .Dolly Varden encountered 'jewelry-box style' mineralization at its Wolf vein target."
Stuart McDougall, Research Capital Corporation
(2/7/23)
"Dolly Varden Silver Corp. released what we view as more positive results from a 2022 drill program at its Kitsault Valley project. . .the latest update extends the known Wolf and Kitsol deposits while adding a new gold-copper-silver discovery known as Red Point, located 500m to the west of the latter."
Ben Pirie, Atrium Research
(2/3/23)
"Dolly Varden Silver Corp. is among the companies with the best gold drill intercepts in the industry in January, with 25m of 46.3 g/t gold. We believe here lie some of the highest upside opportunities in the exploration market, evident by the strong outperformance compared to the broader market as they uncover potentially sizeable assets."
Rick Mills, Ahead of the Herd
(1/31/23)
"Dolly Varden Silver Corp. is one of only a few junior resource companies putting out excellent drill results in a difficult market. The company was up 11% on Monday's news, to $1/share; since Sept. 27 the stock has nearly tripled in value."
Stuart McDougall, Research Capital Corporation
(1/30/23)
"Dolly Varden Silver Corp. released more results from its 2022 drill program at Homestake Ridge. . .infill hole HR22-333 intersected 0.78m grading 13.95 g/t Au and 196 g/t Ag, starting at about 98m downhole. . .stepout hole 362 intersected 2.5m grading 1,252 g/t Ag, including 0.75m at 3,330 g/t Ag. . .mineralization remains open for possible expansion with additional drilling."
Clive Maund, CliveMaund.com
(1/24/23)
"It looks like Dolly Varden Silver Corp. is close to a perfect buy spot following its three-week reaction back to the lower rail of the strong uptrend channel shown on the latest six-month chart. . .all the pieces appear to be in place for a new upleg to begin, which is likely to be sharp and result in good percentage gains from the current price."
Geordie Mark, Haywood Securities
(1/11/23)
"One of our Top Mining Picks heading into 2023 is Dolly Varden Silver Corp. 2022 drilling at Kitsault Valley impressed, showing growth and discovery on high grade gold and silver systems (e.g.,) Wolf, Torbrit and Homestake Main. . .the 2023 program is likely to be on the same scale or larger than the 2022 program. . .all such work is enabled by a balance sheet augmented by a recent $22.6M financing."
Rick Mills, Ahead of the Herd
(12/14/22)
"Dolly Varden Silver Corp. continues to hit high-grade silver and gold at its Kitsault Valley project. . .the highlights from a batch of drill results from Homestake Ridge released on Nov. 29 included 27.44 g/t Au and 463 g/t Ag (33.34 g/t Au eq) over 9.16m in hole HR22-328, including 75.13 g/t Au and 2,337 g/t Ag (103.66 g/t Au eq) over 1.77m, and 0.5m of 216 g/t Au, 113 g/t Ag and 0.48% Cu (218.06 g/t Au eq)."
Stuart McDougall, Research Capital Corporation
(11/29/22)
"Dolly Varden Silver Corp. released the first batch of results from the seasonable drilling program at its Homestake Ridge gold-silver project. . .the update follows ones from the adjoining Dolly Varden claims and, in our view, demonstrates equally compelling high-grade potential, with one hole reporting 75.13 g/t Au and 2,337 g/t Ag over 1.77m, followed a few meters later by 216 g/t Au and 113 g/t Ag over 0.5m."
Geordie Mark, Haywood Securities
(11/21/22)
"Dolly Varden Silver Corp.'s drill results on the Wolf vein-breccia system did not disappoint and affirm our belief of Wolf to grow well beyond the defined resource and lead to the augmentation of the global silver-rich resource base on the Kitsault Valley project. . .the main features of the results include high-grade silver in DV22-316 (9.6m grading 551 g/t) and DV22-311 (12.8m grading 412 g/t) and appreciable downdip expansion of the known Wolf system with DV22-316 and DV22-311 representing about 207m and about 400m stepouts from DV22-300."
Bob Moriarty, 321 Gold
(11/21/22)
"Dolly Varden Silver Corp.'s last press release showed 12.51m of 442 g/t Ag; that's almost $300 rock in U.S. dollars and highly economic. . .the company's ownership is almost totally in the hands of professional investors. Sprott owns 11%, Hecla another 10%, Fury with 26% and another 45% in institutional investors."
Geordie Mark, Haywood Securities
(11/7/22)
"Today's batch of drill results from Dolly Varden Silver Corp. adds to the holistic picture of resource growth and discovery around these silver-rich assets on the Kitsol Valley project, British Columbia, and in particular, highlight the high-grade nature of the silver deposits. We see significant growth potential around the Kitsol vein and a similarly oriented epithermal vein system to the north."
Geordie Mark, Haywood Securities
(10/21/22)
"We are initiating coverage on Dolly Varden Silver Corp. with a Buy rating. . .the company's recent consolidation to generate the current portfolio of silver- and gold-rich assets on the Kitsault Valley project presents a unique opportunity in British Columbia's Golden Triangle to add a more silver-rich facet to the metallogenic picture as well as undertake exploration on an integrated front not possible before."
Rick Mills, Ahead of the Herd
(8/12/22)
"Dolly Varden Silver Corp. has returned a set of impressive drill results from its Kitsol vein target, located near the historic Torbrit mine on the company's Kitsault Valley project. . .an 18m interval at an average 414 g/t Ag included 15m averaging 646 g/t Ag (4.29m true width); 74m averaging 658 g/t Ag (7.04m true width); and 34m averaging 801 g/t Ag (3.2m true width). . .within the 18m mineralized interval, three 0.5m-long samples assayed 2,910 g/t Ag, 2,390 g/t Ag and 2,500 g/t Ag, respectively!"
Rick Mills, Ahead of the Herd
(7/15/22)
"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."
Rick Mills, Ahead of the Herd
(5/27/22)
"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."
Stuart McDougall, Research Capital Corporation
(2/27/22)
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
(2/26/22)
"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."
Geordie Mark, Haywood Securities
(2/10/22)
"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."
Rick Mills, Ahead of the Herd
(2/3/22)
"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."
Rick Mills, Ahead of the Herd
(1/22/22)
"Assays are pending for the 21 holes at Dolly Varden Silver Corp.'s namesake project completed at the high-grade Torbrit and Kitsol silver deposits. In the spring, when the company returns to the property with boots on the ground, we expect to see continued investigation of the Dolly Varden project targets, including the Wolf vein extension and Western gold-copper belt."
Stuart McDougall, Research Capital Corporation
(12/6/21)
"Dolly Varden Silver Corp. announced a proposed acquisition of the Homestake Ridge project from Fury Gold Mines. . .Dolly Varden is offering $5M in cash and 76.5M shares, for an implied value of about $50M as of Dec. 3's closing price. . .our initial analysis suggests the terms to be fair and value adding to Dolly Varden shareholders."
Rick Mills, Ahead of the Herd
(11/11/21)
"Dolly Varden Silver Corp. plans to unlock more silver resources from the historical deposits through drilling; according to the company, only about 3% of the property has been explored in detail. An updated NI 43-101 resource estimate completed by Dolly Varden in 2019 revealed 32.9 Moz silver in Indicated resources and 11.477 Moz Inferred, for a total of 44 Moz silver, adjacent to the historical deposits; an aggressive two-year drilling campaign is already underway to expand these resources."
Rick Mills, Ahead of the Herd
(9/30/21)
"This year's 10,000m drill program is the first phase of Dolly Varden Silver Corp.'s aggressive two-year campaign at the Dolly Varden project to aggressively expand and upgrade the Torbrit silver deposit and multiple silver-rich satellite zones; the ultimate goal is for Dolly Varden to become the next high-grade pure silver mine. About 9,000m of the 10,000m program have been drilled, with assay results pending."
Rick Mills, Ahead of the Herd
(9/2/21)
"Drilling is progressing well so far in Dolly Varden Silver Corp.'s 10,000m program, split equally between infill and expansion of the high-grade, potentially bulk-mineable silver resource at the Dolly Varden property. It was previously estimated that the project has 32.9 Moz silver in the Indicated category and 11.477 Moz Inferred, all adjacent to the historical deposits; these figures could get much bigger once the drilling is ultimately completed, perhaps surpassing 100 Moz total."
Rick Mills, Ahead of the Herd
(8/7/21)
"With silver continuing to play a critical role in all 'green revolution' discussions, there should be plenty of traction for silver-focused companies like Dolly Varden Silver Corp. going forward. The company is well underway into a drill program that could potentially expand its silver resources by three times more; this would support its belief that there is a pure silver district emerging within the Golden Triangle of British Columbia."
Rick Mills, Ahead of the Herd
(7/10/21)
"Dolly Varden Silver Corp. commenced drilling at its namesake silver project. . .this initial surface diamond drill program will consist of 10,000m, split 50/50 between infill and expansion of the high-grade, potentially bulk-mineable silver resource at the Torbrit deposit and regional exploration of multiple, highly prospective targets throughout the property. The 2021 drill program is the first phase of an aggressive two-year campaign at Dolly Varden."
4/24/2023 – Dolly Varden Silver Mobilizes Five Drill Rigs and Outlines Discovery-Oriented 45,000 Meter Drill Program
4/6/2023 – Dolly Varden Silver Files NI 43-101 Technical Report for Kitsault Valley Project
8/10/2022 – Dolly Varden Intersects 50.2 Meters of 414 g/t Silver in Step-Out Drilling at Kitsol Vein
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