Dolly Varden Silver Corp is currently trading below US$0.75.

There's huge upside potential with Dolly Varden given the high-grade nature of its silver asset — the 100%-owned Dolly Varden Project — and the significant institutional and strategic ownership of its shares.

The company is sitting on very high-value silver deposits with a proven history of producing high-grade silver.

Dolly Varden/North Star Mine produced 1.3 million ounces at an average grade of 1,109 grams per tonne silver from 1919-1921

Torbrit Mine was the third largest silver producer in Canada in 1956, producing 18 million ounces of silver at 466 grams per tonne.

Dolly Varden’s current silver resources stand at 32.9 million ounces indicated and 11.48 million ounces inferred — making it the largest pure-play silver project in all of Canada.

The majority of the resource is at Torbrit, but there are several other deposits being explored that can add ounces quickly.

Armed with a treasury of C$20 million, and with key shareholders like Hecla and Eric Sprott, the company has drilled over 55,000 meters in 174 holes since 2017 — including positive results outside of the current resource, which means more ounces are on the way.

Metallurgical testing has shown the company can recover 87% of the silver from Torbrit and 86% of the silver from Dolly Varden.

When you combine the company's structural strength with the value of their deposits, you’re looking at an opportunity for significant returns — even if silver prices stay where they are.

Silver in the Golden Triangle

Dolly Varden is exploring for high-grade silver, gold, and base metals in the Golden Triangle District of northwestern British Columbia.

The area of Canada is a powerhouse when it comes to the global mining industry, and hosts multiple mines including Pretium’s Brucejack and Teck/Newmont’s Galore Creek.

The property is 23 kilometers from a deep tidewater port and 30 kilometers from the power grid. There’s also a historical hydro project on the property.

The seven kilometers of underground workings on the project only scratch the surface of the prolific silver occurrences on the property.

Structural re-interpretation and aggressive drill testing in the past three years have yielded new discoveries of high-grade silver mineralization proximal to areas with 100 years of exploration history, including:

Chance Offset: Hole DV19-165: 385 g/t Ag (399 g/t AgEq) over 24.9m

Beginner’s Luck: Hole DV17-080: 110 g/t Ag (116 g/t AgEq) over 2.94m

The mineralization, alteration, and rock formation of the Dolly Varden Project have a lot in common with the nearby Eskay Creek deposit.

The Eskay Creek deposit is located north of the Dolly Varden project, at an approximate distance of 100 km. This deposit is known for being rich in high-grade gold and silver deposits. It was formerly operated by Barrick and now Skeena Resources owns it with a C$857 million market cap.

Dolly Varden is following in a similar path, and currently has a market cap below $100 million.

Dolly is a very historic mine in Northwestern, BC with very high production grades of 500 grams per tonne silver in the past.

Recent step-out drilling has shown some very exciting results. Multiple silver zones were intersected including 419 g/t silver over 75 meters and 1,240 g/t silver over 16 meters.

The results from the 2020 drilling program of Dolly Varden Silver Corp demonstrated that there is plenty of silver yet to find. The known deposits are open along strike and down dip in some areas. And there is no shortage of exploration targets.

Results out in early 2021 vertically extended the known mineralization via a 45-meter long drill intercept averaging 304 grams per tonne silver [Hole DV20-222] at the Torbrit deposit.

The 2021 dril program is now underway. It’s 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.

Shareholders have recently been realigned and Eric Sprott has come on as a major backer. And with a strong treasury the company is in a position to continue drilling and adding ounces.

Here with us to talk more about it is Shawn Khunkhun, the CEO of Dolly Varden Silver corp.

Interview with Dolly Varden
CEO Shawn Khunkhun

The Opportunity

Dolly Varden is one of the world’s great pure silver mines.

It has produced tens of millions of ounces of silver and was only shut down because of low silver prices.

Now, in a $20+ silver environment, the project has new life.

It already boasts 44 million ounces of silver — with a street value of over $1 billion — yet trades with a market cap below $100 million.

That leaves a runway for the stock of some 10X.

Exploration continues and ounces will add up very fast, meaning the company will be worth even more very soon....

Making now a perfect time to start checking out Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF).

Click here to learn more at the company’s website.

— Resource Stock Digest Research