Speaker 1: We talk a lot about Silver not taking out.
Speaker 2: Its old all time eye.
Speaker 1: Well it's about two in Canadian dollar terms. We're forty
six twenty five Canadian. This is a Canadian project and
we are going to realize these mail prices in Canadian dollars.
And it's it's a big opportunity for any US investor.
You know, you're able to come up to Canada at
like basically a one point five ratio and you can
get fifty percent more Dolly vardenstock today with your US dollars.
Speaker 2: The Financial Survival Network now more than network, the Financial
Survival Network.
Speaker 3: And welcome. This is Financial Survival Network. I'm your host,
Carrie Lets. We are connecting with Sean Couon Kuhn, CEO
of Dolly Varden's Silver to get another sponsor update. We
got some drill results out yesterday, Sean, and the wow.
Speaker 2: I'll tell you what.
Speaker 3: If anybody had any doubts about the Homesteak acquisition, the
Homesteak Ridge property, I think those doubts have been put
to rest by now right absolutely.
Speaker 1: And what's interesting is, you know, Dolly Varden acquired Homesteak
back and we completed the transaction in the first quarter
of twenty twenty two, so bout three years ago, and
what really excited me was the Homesteak Main deposit, which
is where the bulk of the gold mineralization was located.
But what's really emerging recently is home Steak silver. And
just to put this into context, so you know, we're
up in Northwest BC, We're in the Golden Triangle. We've
got some of the richest best silver and gold mines
on planet Earth, and the Dolly Varden mine, which was
one of the richest silver mines in the British Empire,
Canada's third largest producer. The silver is transitioning to silver
and gold at home Steak Silver and then it transitions
to gold. And so the results that we put out
on Monday are from Homesteak Silver and we're finding some
really good silver and gold inner STAPs and carry You
don't like for any of your viewers who may not
be geologists, which I assume that's probably a lot of
your viewers, right, like what makes a good drill hole?
You know, what makes a discovery? And there was a presentation.
We had a couple of conferences up here in Vancouver recently,
and there was a mining analyst a very famous mining analyst,
Michael Gray, who talked about what the larger companies are
looking for in gold discoveries and what and this is
something very very simple that anybody who's consuming information news
releases context from explore cos Miners. If you take the
gram of gold per ton, you take that grand per
Ton number and you multiply that by the number of meters,
it's going to give you a calculation. So if we
take Dolly Varden's headline and it was approximately twenty grams
of gold over approximately eight meters, So if we're looking
for the gram meter interval, what we get at Dolly
Varden on that drill hole was over one hundred and
sixty gram meters. And what Michael Gray talked about in
his presentation at the Vancouver Resource Investment Conference and the
roundup conference the technical conference.
Speaker 2: Is he talked about.
Speaker 1: Anything over one hundred gram meters is you know and
by many are suit seen as a discovery. So that's
what you want to see if you can get to
over one hundred grand meters, and at Dolly Varden we
got over sixty eight percent of that in our last
drill inter sex, so.
Speaker 2: We're very very happy with homestake.
Speaker 3: Yeah, well it's definitely looking up and well, I guess
the question is what happens for twenty twenty five.
Speaker 2: Now, that's a great question.
Speaker 1: And you know, when I look ahead at twenty twenty five,
I'm just coming off the back of an exploration planning
meeting that we had this morning with our team, and
you know, we're looking at, you know, some of the
upcoming dates, Carrie. We're looking at you know, May fifteenth
as a date where we could be potentially drilling. We
look at May first as a date where we're looking
to open camp. And so we've got sixty days between
now and when we are in the field out there
exploring and hunting for new mineralization and growing and de
risking these projects. And there's a lot of information that
there's a lot of work that we need to do
over the next two months in preparation for that drill planning.
You know, two years ago we had over one hundred
people up at sight, we had five drill rigs turning,
We drolled over fifty thousand meters. You know, these are
big program and it takes it in order to do
it safely, in order to do it on time and
on under budget. You need to have the appropriate planning
in place, and so the next sixty days are going
to be spent not only as as an internal team
at Dolly Varden.
Speaker 2: But we'll also lean on.
Speaker 1: One of our shareholders, who Heckla Mining is not only
a shareholder, but one of their geologists is made up
of our makes up our technical committee. We've also got
a board member Michael Hendrickson that heads up that technical
committee and a director, Rob McLeod, and our team will
present you know what we want to do in twenty
twenty five, the forty thousand meters are drilling that we
want to launch as an initial phase one drill program.
The high priority targets will rank the targets well, and
we'll make the case of why we want to go
into the Wolf deposit, which is the new high grade
silver deposit on the property that's showing a lot of
growth and expansion potential.
Speaker 2: Why you know the last hole that we put.
Speaker 1: Out at Wolf, which we announced on January sixth, where
it was one hundred and twenty meters.
Speaker 2: Step out hit.
Speaker 1: What I want to do is I want to backfill
that to ensure continuity and ensure that we can get
these ounces into a compliant resource estimate. But I also
want to step out. I want to continue expanding and growing.
So we'll hit Wolf, we'll hit Homestake silver, but there's
a number of other targets. You know, I just learned
something really new and exciting today, which is we could
have another Homesteak deposit on our property. We've got an
area that we refer to as red points, and it's
too early for me to give you all the details.
These are things that are going to come out over
the next sixty days, but we've got some new interpretation
on how we can better explore that deposit, and so
I'm really excited.
Speaker 2: There are there's.
Speaker 1: Ample targets, and the good new US is Terrrie. We
have thirty three point nine million dollars in the treasury
as of today, so we're fully equipped to go out
and to do a big drill program, and I know
it's a very very very exciting time. We're also going
to put out a news release summarizing all of the
results from the twenty twenty four DROLL program. So you know,
we'll look at where Dolly was going into the season,
where we are today, and I'll look ahead at what
we're going to be accomplishing in twenty twenty five.
Speaker 3: And best of all, the metals markets are cooperating with you.
Silver back over thirty two US dollars the outs, and
of course gold trading at all time highs. Looks like
gold's on its way to three thousand.
Speaker 1: And you know's what's crazy for me, Carrie is I'm
just going to pull this up right now on my phone.
You know, our project is located in Canada, and right
now Spot Gold is over four thousand dollars an ounce.
Four thousand and seventy five dollars is the bid on
Spot gold in Canadian dollar terms. You know, we talk
a lot about silver not taking out its old all
time high, Well it's about two in Canadian dollar terms.
I think it already has. In AZI dollar terms. We're
forty six twenty five Canadian. This is a Canadian dectile,
and you know, we are going to realize these metal
prices in Canadian dollars and it's a it's a big
opportunity for any US investor. You know, you're able to
come up to Canada at like basically a one point
five ratio and you can get fifty percent more Dolly
vardenstock today with your US dollars.
Speaker 3: Yeah, so the leverage that you have there, especially when
considering the additional the recent drill results, the share really
the leverage has just increased dramatically per share because the
price has.
Speaker 1: Absolutely we are still about thirty percent off our highs
that we hit in October when the silver price was
at thirty five dollars, and that goes to show like
a ten percent increase in the price of the metal
can have a thirty percent impact on the price of
the shares. And that's why you know, if you're investing,
if you're speculating, if you're looking for torque in your
mining investments and in your metal investments, this is where
the shares really And what's great, Carrie is today Tholly
Varden is on three indexes, you know, so we are
liquid enough, We are big enough to attract the cell
J and some of these ETFs and that's very, very
important from a liquidity standpoint. Sprot just announced a new ETF.
We will be included in that as well, so that's
a fourth and then you know, once our shares start
trading over a million dollars a day in terms of liquidity,
we might be included on something like the GDXJ. And
you know, as this company grows and as it builds,
you know, we are also looking to uplist on larger
stock exchanges, introducing the company to even more investors, both
institutional but also retail.
Speaker 3: Yeah, and effectively, I guess what I was saying is
your ounces in the ground got even cheaper, more discounted
than they already were.
Speaker 1: And and you know, you highlight a great point here.
The disparity between metal price and mental equity has never
been greater. And so you know, as we drill, as
we put out positive dual results, and as the share
price is still here, you know, I think it's around
seventy three cents US. You know, it's still well off,
it's its highs, and we've just made fundamentally made the
company even better.
Speaker 3: All Right, So milestones for twenty twenty five catalytic events?
What do you see ahead?
Speaker 1: Well, you know, again we're in this moment right now
where we just put out yesterday the results from the
twenty twenty four program. And you know, at a very
very high level, you know, the overall goal of this
company is to create a company that becomes a top
ten co. That's the that's the big vision here, and
it has been for five years. And that vision, you know,
it hasn't changed now that we're a three hundred and
twenty million dollar company. You know, it's still the same
vision it was when we were twenty million dollar company
five years ago. So the overall goal here is my
mission for this company is to create a top ten
silver coat, and we either become one ourselves by developing
and growing this asset, or we get acquired by a
company that's already an existing top ten silver equity and
hence we get absorbed into that story and we become
a pipeline project into that larger co.
Speaker 2: So that's the overall goal.
Speaker 1: Now, how do we get there, Well, we get there
through doing what we have done in the past, which
is continue to systematically grow this company through adding high
quality ounces in the ground. And we can do that
through drilling, we can do that through acquisitions, and so
it's really about putting together a systematic, aggressive exploration program
and continue to have success with the drill bit, expanding
and extending high grade silver and gold minimalization.
Speaker 3: All right, and the rising metals prices certainly help everything
look better over time.
Speaker 1: I just hope they're outpacing the rising inflation.
Speaker 3: Yeah, well it's about time they started, I would say. So.
You want to go over to the company's website, Dolly
Voordensilver dot com sign up for notifications so you get
the latest news and the ticker symbols in the US
do O, l l F and of course in Canada DV. Shawn.
Thanks for coming on. We'll talk to you again real soon.
Speaker 2: Thanks for having me, Harry, Thank you. The Financial Survival
Network