Dolly Varden To Acquire Homestake Ridge Gold-Silver Project From Fury Gold Mines

Shawn Khunkhun, President and CEO of Dolly Varden Silver (TSX.V: DV – OTC: DOLLF) joins us to discuss the definitive agreement dated December 6, 2021, pursuant to which Dolly Varden will acquire from Fury Gold Mines (TSX: FURY) a 100% interest in the Homestake Ridge gold-silver, located adjacent to the Dolly Varden Project in the Golden Triangle, British Columbia.  This is $50 million acquisition where Dolly Varden will pay Fury Gold $5 million in cash and the balance in 76.5 million shares of equity under the agreement, and upon completion of the Transaction, Fury will own approximately 36.9% of Dolly Varden on an outstanding basis.


The Homestake Project hosts a resource estimated to contain 165,993 ounces of gold and 1.8 million ounces of silver in the Indicated category and 816,719 ounces of gold and 17.8 million ounces of silver in the Inferred category, and comes out to around a 137 silver equivalent resource.


Shawn outlines the area between the two projects that appears to have 3 large anomalies for further exploration and that there will be an aggressive drill program in 2022 to move some categories of inferred ounces into indicated ounces, as well as plenty of expansion and new discovery targets. We also discuss that the company is still awaiting the assay results the 10,000 meter drill program from 2021 around the Torbit and Wolf targets that will be released to the market as they come in.


If you have any follow up questions for Shawn regarding Dolly Varden Silver, then please email us at or

Click here for a summary of the recent news out of Dolly Varden Silver.

    Dec 08, 2021 08:01 PM

    (DV) (DOLLF) Dolly Varden Silver – Size Meets Grade – Shawn Khunkhun
    Proven & Probable – Dec 7th, 2021
    Dolly Varden Silver acquiring Homestake Ridge from Fury Gold Mines

    Dec 08, 2021 08:03 PM

    Dolly Varden Buys Homestake Ridge From Fury Gold
    Bob Moriarty – Streetwise Reports (12/7/21)
    “Sometimes two plus two equals five. Or even six.”

    Dec 08, 2021 08:21 PM

    (DV) (DOLLF) Dolly Varden and Fury to Consolidate Emerging Canadian Silver-Gold District in the Golden Triangle

    – Dec 6, 2021

    Dec 09, 2021 09:15 AM

    Great deal for both parties. DV really well positioned for dynamic growth in all regards. A winner.

    Dec 09, 2021 09:43 AM

    What a day………………. Back to $1776…………. on gold………… last time we were here,… I said it was a sign……. lol……. 🙂

      Dec 09, 2021 09:00 PM

      Agreed OOTB. We need that “Spirit of 76′ “.

        Dec 10, 2021 10:58 AM

        Lol…….. good one……..

        Dec 16, 2021 16:48 PM

        Today it is more like the “spirit of 666”, Matty’s favorite number.

          Dec 17, 2021 17:37 AM

          Lol…….. good one……..

          Dec 21, 2021 21:38 PM

          Yeah, I know how Matty is.

    Dec 09, 2021 09:49 PM

    OK…had to buy Dolly V again…Took Labrador losses and left overs went to Group Ten. Got to do something productive…

    (Does anyone have the tel # of the Psycho Analysts that handles the Wall Street people…I want to find out if we can expect any change in behavior in the near future.)

      Dec 09, 2021 09:45 PM

      Good job Lakedweller2 – Getting productive with Dolly Varden and Group Ten seems like a solid strategy.
      May your trading be prosperous!