Dolly Varden – The Big Picture Strategy And Vision For The High Grade Silver-Gold Kitsault Valley Project
Shawn Khunkhun, President and CEO of Dolly Varden Silver (TSX.V: DV – OTC: DOLLF) joins us to discuss the big picture strategy and reimagined vision for the high-grade silver-gold Kitsault Valley project in the Golden Triangle, British Columbia. This is the unification of the 4 deposits which Dolly Varden had with the 3 deposits on the Homestake Ridge Project, newly acquired from Fury Gold Mines (TSX: FURY) into a more complete land package and attractive mineral inventory, with a combined resource of either 140 silver equivalent ounces, or close to 2 million ounces of gold equivalent ounces with a 5 g/t grade equivalent.
Shawn outlines the target rich environment and that the exploration plan for 2022 has 3 times more capital and the goal of 4 times more meters drilled, with a healthy mix of infill drilling to move categories of some resource definition form inferred to indicated, and new discovery targets at many key areas and along the prospective 5.4km area between the two projects that appears to have 3 large anomalies for further follow up. About 66% of the focus will be on the newly acquired projects around Homestake, along strike and at depth, and with many other targets being tested regionally across the land package.
The Company is debt free, with $15 Million in cash, and Sean expands on the management team and combined board experience to guide the growth moving forward. We wrap up with the strategy to combine the last 2 years drilling with the drilling from 2022 for an updated resource estimate next year along with an economic study, and the plan to keep derisking the project to make it attractive for a larger producing company to partner with Dolly Varden on the project.
If you have any follow up questions for Shawn regarding Dolly Varden Silver, then please email us at Fleck@kereport.com or Shad@kereport.com.
Click here for a summary of the recent news out of Dolly Varden Silver.
Yep, that is a nice drill hit from Summa as well Mike. Nice to see and congrats to Galen and team!
On another topic – good news from Summa
Summa Silver’s First Drill Results from Mogollon Return 11.6 m of 450 g/t Silver Equiv. including 0.9 m of 1,940 g/t Silver Equiv.
Assays from All Holes Drilled to Date Reveal Multiple High-Grade Silver and Gold Zones with Two Holes Pending and 34 Km of Strike Potential Identified
10,000 m Two-Rig Drill Program Beginning At the Hughes Property, Nevada
Vancouver, BC- Summa Silver Corp (“Summa” or the “Company”)(TSXV: SSVR, OTCQB: SSVRF, Frankfurt: 48X) announces high-grade silver and gold drill results from the Mogollon Property near Silver City, New Mexico and the commencement of a significant drill program at the Hughes Property near Tonopah, Nevada. The Company also provides an update on its operations at the Mogollon Property.
Galen McNamara, CEO, stated: “It comes as no surprise that results from the first set of holes at Mogollon have confirmed high grade silver mineralization around the old Consolidated Mine. I’d like to emphasize that these are only the first few holes ever drilled by Summa at Mogollon. With over 34 km of identified strike potential, these assays truly prove that Mogollon is as exciting as our Hughes project in Nevada. Summa now has two high-grade silver projects, both of which we believe will prove to be very exciting as we continue to define the extent of the mineralization via aggressive drilling. With the completion of the recent $11.5M financing, we are well funded to execute on that plan and create shareholder value.”