The Critical Investor examines Dolly Varden Silver, a junior exploration company fully focusing on the Dolly Varden silver district, which is home to several former high-grade silver mines.
• Dolly Varden is looking for much more high grade silver on its prolific land package, just inside the Golden Triangle
• A new management team has taken on Dolly Varden under the leadership of Gary Cope as President & CEO.
• After raising C$7.2M, Dolly Varden is ready for a major drill program in 2017.
• The 2016 drill results are in and look very promising.
1. Introduction
The best place to explore for a new mine is in the shadow of an old mine. This is a very old adage in the mining sector and is definitely valid for new sponsor of my website Dolly Varden Silver Corp. (DV:TSX.V). Dolly Varden is a junior exploration company fully focusing on the Dolly Varden silver district, which is home to several former high-grade silver mines. The company hopes to expand known deposits, and find new ones under the technical guidance of veteran geologist Ben Whiting (P.Geo).
This district is located at the southern end of the Golden Triangle, a well-known mining area in Canada’s British Columbia province.
Dolly Varden has just started drilling, but things weren’t always that bright for this little junior. The company had for example a bad share structure, debt from the past and hardly any cash, and was involved in a fight with long time major shareholder Hecla Mining Co. (HL:NYSE), which launched a buyout offer and tried to take control right before the summer. This (hostile) attempt fell back, and Dolly Varden was able to raise CA$7.2M to repay all of the debt it owed and could finally start a significant field program in September …read more