The following is a paid email campaign from Dolly Varden Silver. We do not endorse any specific company, product, or service mentioned in this email. Our mission-critical information is sent each weekend and is separate, therefore unsubscribing from this email will also stop your Free Morgan Report subscription. Big Bulk Project Expansion: Dolly Varden Secures 100% Interest in Key Area
On December 20, 2023 Dolly Varden Silver (TSXV:DV) (OTC:DOLLF) announced that it intends to acquire a 100% undivided interest in the southern portion of the Big Bulk Project from Libero Copper & Gold.
Dolly Varden will issue Libero 275,000 common shares at a deemed value of .78 to close the deal. Big Bulk is located about 10 kilometers east of the Kitsault Valley Project located in the Golden Triangle which DV Silver is also developing. VP of Exploration Rob van Egmond says, "Prior to this transaction, we controlled the northern part of it. It's a property we haven't done a lot of work on as of yet, as we have been focused on the high-grade silver to the west." The southern portion of the Big Bulk property that DV Silver is acquiring rights to earn 100% ownership in, contains seven mineral claims making up 3,025 hectares. When combined with the northern portion, this will double the size of the Big Bulk Project to approximately 6000 hectares. The option will give DV Silver a new consolidated copper-gold porphyry project in the Golden Triangle. "The Big Bulk porphyry was discovered in the early 1900s," stated van Egmond. "It's above treeline, the rocks are exposed so it got prospected first, revealing some high-grade silver and gold veins, peripheral to the porphyry system." "We have been continuing to seek accretive consolidation opportunities in the area and the amalgamation of the southern portion of the Big Bulk copper gold porphyry with Dolly Varden's portion is our latest step," stated Shawn Khunkhun, President, and CEO of Dolly Varden. "In the Golden Triangle, porphyry systems can represent metallogenic feeders to high-grade vein systems, such as the KSM Deposit that occurs adjacent to the Brucejack Mine. Big Bulk may represent a causative mineralized porphyry to the high-grade silver and gold deposits 10 kilometres to the west at the Kitsault Valley Trend," added Khunkhun. From 2001 to 2003, the southern portion of the Big Bulk Property was explored by Teck and Canadian Empire Minerals. The northern half of the system was drilled by AngloGold in 2009, encountering porphyry-style alteration with copper and gold mineralization. "The Kitsault Valley Project will remain our main focus," explained van Egmond, "We still have about 70 holes to release from the 51,000-meter 2023 drill program. We expect to do a similar sized program in 2024. We'll be looking to deploy drills to Big Bulk and learn more about what we have there." On November 2, 2023, Dolly Varden Silver announced that it has closed a deal where Hecla Canada invested $10 million in DV Silver, raising its stake in DV Silver from 10.6% to 15.7%. Hecla Mining has a market cap of USD $3.07 billion and trades on the New York Stock Exchange (NYSE). It has produced 11.4 million ounces of silver this year so far. "Hecla's increased ownership stake is a benefit to us," Khunkhun says "Hecla has demonstrated it is a sticky shareholder. They're looking to expand their North American silver portfolio. Our consolidated Big Bulk Project is surrounded by Hecla's land package." Be Part of the Dolly Varden Silver Journey and learn more here:
[( Inquire at: info@dollyvardensilver.com
Phone: 1-604-609-5137 Thank you, Shawn Khunkhun
CEO
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