It’s Time! Drills Spinning at Canada’s Largest Pure-Play Silver Project

Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF) — currently trading around C$0.60 per share — has commenced drilling at its flagship Dolly Varden Silver Project in British Columbia’s prolific Golden Triangle.  

The diamond drill program is phase one of a two-year plan to aggressively expand and upgrade the Torbrit deposit — along with multiple silver-rich satellite zones — with the objective of advancing the Dolly Varden Silver Project to become British Columbia’s next high-grade silver mine.

Dolly Varden CEO Shawn Khunkhun commented via press release:
 

 

"We are excited to start the 2021 drill program at Torbrit Silver Deposit, where the recent geological modeling and interpretation suggests multiple areas to expand and upgrade the Mineral Resource. This drilling should lead to a much better understanding the deposit, new resource expansion areas and give us additional confidence to apply preliminary bulk underground mining designs and more advanced economic studies. Additionally, we will be testing some new very exciting exploration targets that developed subsequent to the 2020 exploration program." 

 
 
 
The 10,000 meter program will be split 50/50 between infill drilling at the Torbit deposit and resource expansion drilling.

Torbrit is considered a high-grade silver deposit that’s potentially amenable to low-cost underground bulk mining methods. It represents the largest portion of the four silver deposits that make up the current 43-101 Mineral Resource [32.9 million ounces Ag Indicated plus 11.4 million ounces Ag Inferred] — making Dolly Varden Canada’s largest pure-play silver project.

In recent trading, the DV share price has pulled back from the C$0.75 per share level to currently around C$0.60 in tandem with silver’s recent retreat from US$28 per pound to currently just north of US$26/lb.

As Canada’s largest pure-play silver project, speculators could potentially see an upward rerating as holes are completed and as assays pour into what may ultimately prove to be a resurgent silver market in the second half of the year.

Be sure to also click here to access our feature report on Dolly Varden Silver. 
 

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.