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Dolly Varden drills 12.55 m of 520 g/t AgEq at Dolly

Dolly Varden drills 12.55 m of 520 g/t AgEq at Dolly

2017-08-09 09:14 ET – News Release

Mr. Gary Cope reports

DOLLY VARDEN INTERCEPTS 12.55 METRES GRADING 520 G/T SILVER-EQUIVALENT, INCLUDING 7.00 METRES GRADING 765 G/T, IN THE TORBRIT DEPOSIT AREA OF THE GOLDEN TRIANGLE, NORTHWESTERN BRITISH COLUMBIA

Dolly Varden Silver Corp. has provided the results from the second four holes of the 2017 diamond drilling program on the Dolly Varden silver project in the Golden Triangle of northwestern British Columbia.

Hole DV17-040 – Lower Zone consisted of a core length of 12.55 m (9.89 m true thickness) grading Ag 514.3 g/t, Pb 0.09 % and Zn 0.04 % for a silver-equivalent of 520.2 g/t. Within this Lower Zone interval is 7.00 m (5.52 m true thickness) grading Ag 757.4 g/t, Pb 0.12 % and Zn 0.05 % for a silver-equivalent of 765.1 g/t.

Hole DV17-042 – Lower Zone consisted of a core length of 11.70 m (8.27 m true thickness) grading Ag 204.3 g/t, Pb 0.11 % and Zn 0.07 % for a silver-equivalent of 212.7 g/t. Within this Lower Zone interval is 8.72 m (6.17 m true thickness) grading Ag 249.1 g/t, Pb 0.10 % and Zn 0.06 % for a silver-equivalent of 256.5 g/t.

The Torbrit Deposit is interpreted as a northwestward plunging synform. The three holes DV17-040 to 042 are located on the southeastern edge of the Torbrit Deposit and fill a gap in the drilling. The deposit is still open to the southeast. Hole DV17-043 is located in the northwest edge of the Torbrit Deposit, 80 metres beyond the intercept in hole DV17-039, the results of which were announced in a News Release on 26 July 2017.

The 2017 exploration program is planned to consist of over 5,000 metres of diamond drilling in about 25 to 35 drill holes, with two thirds allocated to resource validation and expansion and one third allocated to reconnaissance drilling on targets beyond the current resource estimates. There are over 50 exploration targets on the property. Geological mapping, plus geophysical and geochemical surveys are also underway for both the main Dolly Varden Ag-Pb-Zn Project, as well as the adjacent Big Bulk Cu-Au Project.

“These are excellent high-grade intercepts in the Torbrit Deposit, which add to our understanding of the geometry and continuity of the deposit,” said Gary Cope, President and CEO of Dolly Varden.

  
   Dolly Varden Project - Torbrit Deposit Drilling 2017 - Holes DV17-040 to 043
Hole      Zone        From    To      Core    True   Ag     Pb   Zn   Ag-Eq 
                      (m)     (m)     Length  Width  (g/t)  (%)  (%)  (g/t) 
                                                                            
DV17-040  Upper       136.00  143.00  7.00    5.66   19.9   0.36 0.07 38.8  
            includes  142.00  143.00  1.00    0.81   57.0   1.19 0.07 110.9 
          Lower       187.50  200.05  12.55   9.89   514.3  0.09 0.04 520.2 
            includes  192.50  199.50  7.00    5.52   757.4  0.12 0.05 765.1 
            includes  194.50  196.50  2.00    1.58   949.0  0.17 0.06 959.3 
                                                                            
DV17-041  Upper       136.50  138.00  1.50    1.30   19.2   0.21 0.04 30.0  
          Lower       154.05  156.60  2.55    2.16   155.6  0.12 0.03 162.2 
            includes  155.00  156.60  1.60    1.36   212.6  0.07 0.02 216.6 
            includes  156.00  156.60  0.60    0.51   302.0  0.09 0.02 306.9 
                                                                            
DV17-042  Upper       169.55  178.10  8.55    6.05   50.0   0.18 0.81 100.6 
            includes  170.55  172.64  2.09    1.48   124.9  0.22 0.62 167.1 
            includes  170.55  171.50  0.95    0.67   191.0  0.15 0.95 247.3 
          Lower       202.00  213.70  11.70   8.27   204.3  0.11 0.07 212.7 
            includes  204.00  212.72  8.72    6.17   249.1  0.10 0.06 256.5 
            includes  208.55  210.68  2.13    1.51   598.8  0.07 0.05 604.5 
                                                                            
DV17-043  Upper       229.00  234.65  5.65    4.00   96.8   0.18 0.30 120.1 
            includes  229.65  233.65  4.00    2.83   121.3  0.17 0.31 144.8 
            includes  229.65  230.65  1.00    0.71   280.0  0.10 0.22 296.0 
                                                                            


  

Note: Ag-Eq = Ag + (Pb%*22.046*Pb price*31.103/Ag price) + (Zn%*22.046*Zn price*31.103/Ag price). Metal prices used for this formula: Ag = $US 16.25/oz, Pb = $US 1.00/lb, Zn = $US 1.25/lb. No provisions have been made for relative metal recovery, thus 100% recovery is used for the silver-equivalent values.

A drill hole location map of the Torbrit Deposit area is posted on the Dolly Varden Silver Corporation website at www.dollyvardensilver.com

About Dolly Varden

Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects, the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other, on-trend, high-grade deposits (Eskay Creek, Brucejack). The Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

The current mineral resource estimate at Dolly Varden, effective date August 27, 2015, consists of four deposits with an Indicated Resource of 3.07 million tonnes grading 321.6 g/t Ag, for 31.8 million ounces of silver, plus an Inferred Resource of 0.9 million tonnes grading 373.3 g/t Ag, for 10.8 million ounces of silver. These resources were estimated at a cut-off grade of 150 g/t Ag. For more details, please refer to a NI 43-101 compliant Technical Report filed on www.sedar.com and on the Company’s website.

Ben Whiting, P.Geo., Vice President of Exploration and Robert van Egmond, P.Geo., Chief Geologist for Dolly Varden, serve as ‘Qualified Persons’ under National Instrument 43-101, and have approved the scientific and technical information contained in this news release.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.

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© 2010 Junior Gold Report and TechMoney360

Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report’s and Tech Money 360’s Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360).  No Guarantee as to Content:  Although JGR/TM360 attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/TM360, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report and TechMoney360 sites or accept this email. Consideration for Services: JGR/TM360, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR/TM360 as such our opinions are biased. We may hold potions in and trade these stocks of the companies we profile and as such our opinions are biased. JGR/TM360 and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR/TM360 has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/TM360 aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR/TM360 is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/TM360 is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/TM360 may contain links to related websites for stock quotes, charts, etc. JGR/TM360 is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading and/or watching videos by JGR/TM360, you agree to hold JGR/TM360, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

 

 

 

 

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Dolly Varden’s Big Bulk Project Will Be Flown For A Ztem Geophysical Survey In Conjunction With Hecla’s Kinskuch Project

 

Vancouver, BC: Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the “Company” or “Dolly Varden”) is pleased to announce that they will be participating in an airborne ZTEM geophysical survey in conjunction with Hecla Mining Company (NYSE: HL) (“Hecla”). The survey will cover Dolly Varden’s Big Bulk Project and Hecla’s Kinskuch Project in northwestern British Columbia, Canada. Hecla will serve as operator for the geophysical survey, which will be conducted by Geotech Ltd.
 
Geotech Ltd utilizes a helicopter-borne ZTEM (Z-Axis Tipper Electromagnetic) system, which detects the natural, or passive, fields of the Earth as a source of transmitting energy. Differences in the vertical component of the EM field are attributed to conductivity contrasts in the Earth’s crust. Sulphide mineralization is particularly well suited as a target for EM studies. The Big Bulk Project is a copper-gold porphyry prospect.
 
The survey is expected to be conducted in late April or early May 2017. Costs will be apportioned according to line-kilometres flown over the respective properties.
 
Cooperative effort between companies working in a region is a good way to keep exploration costs down while still achieving the exploration goals,” said Gary Cope, President and CEO of Dolly Varden.
 
About Dolly Varden
 
Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects, the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other, on-trend, high-grade deposits (Eskay Creek, Brucejack). The Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris).
 
The current mineral resource estimate at Dolly Varden, effective date August 27, 2015, consists of four deposits with an Indicated Resource of 3.07 million tonnes grading 321.6 g/t Ag, for 31.8 million ounces of silver, plus an Inferred Resource of 0.9 million tonnes grading 373.3 g/t Ag, for 10.8 million ounces of silver. These resources were estimated at a cut-off grade of 150 g/t Ag. For more details, please refer to an NI 43-101 compliant Technical Report filed on www.sedar.com and on the Company’s website.
 
The Company’s Common Shares are listed and traded on the TSX.V under the symbol “DV” and on the OTCBB system under the symbol “DOLLF”. 
 
Technical Information
 
Ben Whiting, P.Geo., Vice President of Exploration for Dolly Varden, who serves as a Qualified Person under National Instrument 43-101, has approved the scientific and technical information contained in this news release. Further information regarding the Dolly Varden silver property, including that relating to historical production and current mineral resource estimation, can be found in the Company’s 2015 Technical Report for the Dolly Varden Property with an effective date of September 30, 2015, which is filed on SEDAR and available on the Company’s website.
 
FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the completion of the Offering, the size of the Offering and the Company’s receipt of proceeds of the Offering, the Finder’s fee and payment thereof, the receipt of regulatory approvals, the use of the proceeds of the Offering, results of previous field work and programs and the continued operations of the 2017 program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief about the unexplored portion of the property. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
 
Note: Mineral resources are not mineral reserves, thus have not demonstrated economic viability.
 
For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A”), which is available on SEDAR at www.sedar.com and on the Company’s website at www.dollyvardensilver.com. The risk factors identified in the MD&A are not intended to represent a complete list of factors that could affect the Company.
 
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
 
Contact Information:

Dolly Varden Silver Corporation
Gary Cope, President and CEO
1-604-687-8566
www.dollyvardensilver.com

Mario Vetro
Skanderbeg Capital Advisors Inc.
1 604 687 7130
Email: mario@skanderbegcapital.com

Disclaimer

© 2010 Junior Gold Report

Junior Gold Report Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR).  No Guarantee as to Content:  Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expresseand you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained in our website or emails or any of our publications. No Offer to Sell Securities: JGR is not a registered broker dealer, investment advisor, financial analyst, stock pickers, investment banker or other investment professional. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold JGR, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.d are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails and newsletter. The ideas and companies featured are highly speculative 

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

 

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Dolly Varden – What a Catch!

Finding a great company to invest in can be a lot like fishing. You have to know exactly where to look to find a tasty fish. And if you have ever eaten smoked Dolly Varden trout which is very similar to Artic Char, you know how tasty it can be!
Amidst this comparison we are pleased to be introducing the “Dolly Varden Silver Corporation” (TSX,V: DV) to our subscribers and like the trout we feel this is quite a tasty prospect! The Dolly Varden trout is like a junior company in that it exists in a feast or famine situation. The Dolly Varden trout actually feasts every day for a month on salmon eggs which are not actually going to turn into fish. It´s belly expands as it does so and this sustains it for the remainder of the year when food is scarce. After a period of extreme famine due to drastically poor conditions in the junior resource sector, plus dodging being eaten by a much bigger fish (more on this later), Dolly Varden Silver appears set to start feasting.

 

MANAGEMENT:

Former President Rosie Moore saved the sinking ship and should be giving a lot of kudos. She saved the company from a hostile takeover from Hecla Mining – more on that in the Market Interest Section. Currently Dolly Varden is in good hands with new President and CEO Gary Cope steering the ship.

 

LOCATION:

Location often means the difference between success and failure in the mining business. You can have the greatest deposit but if it costs a fortune to ship the ore to a mill, or to ship the concentrates overland, it can throw a lot of cold water on the profits or stop production from ever starting. Dolly Varden is very fortunate to have their project located in northwestern British Columbia only 25 km from open water, meaning overland shipping costs will be low upon production. Hence it’s location has led to the company name and this is a great situation in our estimation. And like the Dolly Varden trout must be near the mighty salmon to survive, our Dolly Varden is in close proximity to some mighty big fish.
Dolly Varden is in a very elite neighbourhood known as the ‘Stewart complex’. This area is known for high grade projects with the world famous Eskay Creek mine located only 100 km north. (Now a closed mine). The exciting Brucejack gold project owned by Pretiun Resources is located even closer – and all 3 are all considered to be on the same overall trend.
SIZE:

The Dolly Varden property is approximately 9,400 hectares or 94 sq km (app 36 square miles) in total making this a sizeable property considering it’s past mining history.
And like our trout companion we expect the size of its belly of resources to expand!

The company currently holds four historical deposits on which between 1919 and 1959, about 20 million ounces of silver was produced in total, with the majority of the ore having been mined at about 13 ounces per ton. A smaller amount was mined at approximately 36 ounces per ton. If history is any indication there is plenty of room to expand these estimates since their type of deposit is known as VMS  (volcanic massive sulphide) which are known to occur in region sized clusters.

 

EXISTING DEPOSITS:

The four deposits in order of mineral estimate size are the Torbrit, Dolly Varden, Wolf and North Star.
Added together they are estimated by the company to contain approximately 32 million ounces of high grade silver in the indicated category and over 10 million ounces of high grade silver in the inferred category. (More details can be found at their – Website).
MARKET INTEREST:

All of these positive attributes were enough to attract the attention of  leading low cost silver producer Hecla Mining (NYSE.HL).
You might say they were fishing for a nice Dolly Varden trout…. but this Dolly Varden proved to be too a slippery catch for Hecla!
In June 2016 they launched a formal takeover bid for the company at CAD .69 cents per share but Dolly Varden management wasn’t taking the hook! Since Hecla was already an investor in the company  the bid was rejected on the grounds that it was an insider bid and “and therefore Hecla must obtain and disseminate to the Company’s shareholders (at its own expense) an independent formal valuation.” (from a Dolly Varden company press release.)
Hecla announced that they were disappointed but intended to maintain their share ownership in Dolly Varden and in fact took part in the private placement which they had been trying to foil by buying out the company. They did this in order to maintain their ownership percentage, which is approximately 19% of outstanding shares. This capital raise left Dolly Varden debt free with 100% ownership of their properties which is an enviable position to be in as any junior will tell you….Seems like this fish ended up turning the tables…..

The takeaway from all of this is one of the worlds leading silver mining companies with 4 operating mines wanted to own Dolly Varden’s properties and when they couldn’t achieve that goal they bought more shares anyways! So what do the experts know that we should know?
This points to a highly prospective junior company with multiple deposits and past production in an area known for very large and exceptionally well mineralized VMS deposits (volcanic massive sulphide) .
REGIONAL GEOLOGY:

The geology in this region is known as the Stewart Mining Camp, home of the famous high grade Eskay Creek Mine Gold Silver Mine.

In fact the company has a comparison to the  Eskay Creek mine on their website. Eskay Creek is now closed is but widely known for very high grades of precious metals and for being one of Barrick Mining’s lowest cost producers. Barrick in fact is looking for similar deposits in the area.  Fishing for another big catch you might say…

 

In layman’s terms the theory is that Eskay Creek was produced by a so called “Black Smoker” which is basically an undersea volcano emitting mineral rich material which piles up and eventually finds itself gathered in deposits on a mountain range many, many years later. Very high grade mineralization can occur this way, and the company feels that their mineralization may have occurred in a similar fashion.

The following image from the Dolly Varden website illustrates how mineralization is believed to have occurred:

Another very impressive “big fish” not quite so far north is the Brucejack project which is owned by Pretiun Resources (TSX:PVG NYSE:PVG). With a recently updated estimate of 8.1 million ounces of gold in the proven and probable reserves category, you really couldn’t ask for a much better neighbourhood to be fishing in- especially with four deposits already identified.There is obviously a lot of mining expertise in the region which is handy to be able to draw upon. The following image from the Dolly Varden website shows how close they are to some of the most exciting mineral deposits you can find anywhere…

Speaking of mining expertise Dolly Varden has just announced a new exploration director with amazing credentials. Joining up with an award winning  professional geoscientist with more than 35 years in the business is a sign you are getting serious! Ben Whiting P.Geo won IAC Explorer of the Year in 2008 and won a medal as  “Economic Geologist” as well as doing work as an adjunct professor at Queens University in the Geo Sciences and Mining Engineers Departments.  He is also Vice President of Exploration for two other TSX.V listed companies. A class act for sure.
SHARE STRUCTURE

Dolly Varden has a very low amount of outstanding shares, fully diluted they have 38,809,254 shares outstanding. At the current share price of CAD .60 cents this gives them a market cap of just over $23 million which given their 100% ownership and lack of debt, we see as an excellent company to consider having in a portfolio. Management is doing a very good job of  looking out for shareholders in our opinion, fighting off a takeover and maintaining ownership through extremely difficult famine conditions.

So besides being in very good company in the smoked fish category as far as their name goes, Dolly Varden is also in amazing company geologically speaking with some of British Columbia’s finest discoveries, it appears that it is time to feast.

 

It is also very encouraging that the company is expanding existing deposits in a precious metals market where the silver price is still under-performing by most standards. If Dolly Varden can continue to prove up high grade silver resources and the silver price begins to gain more ground as many experts have long predicted, we could see a double whammy appreciation of market cap for this well positioned Canadian junior silver company.

Therefore, we wouldn’t be surprised to see the company celebrate some great mineral discoveries at a company function one of these days.

Smoked trout anyone?

 

Happy Investing,

 

Dr. Kal KoTECHa

 

 

Disclaimer

© 2010 Junior Gold Report

Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR).  No Guarantee as to Content:  Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade  the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.