Speaker 1: Primary silver projects are rare, and what makes Dolly Varden
so special is the results that you saw today. You know,
the almost four hundred grams per ton of over twenty
meters and that's on one hundred and twenty meters.
Speaker 2: Step out.
Speaker 1: Finding pure high grade silver with those types of wide intercepts.
It's it is something that you know, there's you could
probably count on one hand the number of projects globally
that can deliver results like this.
Speaker 3: The Financial Survival Network now more than ever, the Financial Survival.
Speaker 4: Network, and welcome. This is Financial Survival Network. I'm your host,
Carrie Letz. You've got a major, major sponsor update from
Sean kun Kuhn of Dolly Varden Silver and Sean.
Speaker 2: Well, I'll kind of let you take it away.
Speaker 4: I view Dolly Varden as kind of one of the
top tier junior miners out there, and these results further
reinforce that view.
Speaker 1: Absolutely. Listen, I think our business, you know, there's three elements.
It's the people, it's the project, and it's the money.
And you know, we're blessed that we've got the shareholders
like Hecklaw, like Eric Spratt, like all the big institutions
that have entrusted us with enough capital. You know, the
company's got over thirty million dollars in the bank, So
we've got the capital, and we've got a best in
class technical team. So you've got the capital, you've got
the people. And as today's news release reiterated, it highlights
one of spectacular world class project. This really is and
it's something carry that. You know, I've been in the
mining business for twenty one years. I've spent the last
five years completely focused on silver and I just walked out.
Speaker 2: Of a meeting.
Speaker 1: I'm calling you out, calling in right now from a
hotel room in Toronto, and I just walked out of
a meeting, and you know what what I see in
Dolly Varden And this is what I told the audience
there was We've got a project here that is it's
a it's a special project amongst a unique group of companies.
You know, silver is super rare. Primary silver projects are rare.
And what makes Dolly Varn so special is the results
that you saw today. You know, the almost four hundred
grams per ton of over twenty meters and that's on
one hundred and twenty meters step out finding pure I
grade silver with those types of wide intercepts. It's it
is something that you know, there's you could probably count
on one hand the number of projects globally that can
deliver results like this.
Speaker 4: Yeah, they're pretty spectacular. And what do you think it's
going to do as far as the resource goes?
Speaker 1: Well, listen, this is all Wolf interesting, the Wolf deposit.
So just to put this into context, Dahlly Varden was
the richest silver mine in the British Empire. It was
Canada's third largest silver producer. We've got this fifteen kilometer trend.
It's about ten miles going south to north in Canada,
in British Columbia in the Golden Triangle and Carrie every
mile cross cutting that ten mile trend are cross cutting
faults that are brought in mineralization, you know, thrusts of
high grade silver mineralization. And so I think what this
does is what this shows is we can grow high
grade silver. So torbrit which was Canada's third largest silver
mine when it was in production throughout the nineteen fifties.
Torbert's about a fifty million ounce high grade here silver deposit.
I think Wolf is another one. There were some numbers
that came out of moose and chants this year that
are showing further growth. So I think it really highlights
the number of potential fifty million outs silver deposits that
are on this line package.
Speaker 4: Yeah, it's pretty remarkable. And you know, one thing is
a technology. Obviously we've seen a lot of technology come
into the sector, but now it looks to me like
directional drilling is a potential game changer.
Speaker 1: It is, and you know, despite being around exploration for
a long time, it was a new idea and concept
to me when our project manager, Amanda Bennett, said, I
want to try something new in twenty twenty four and
she said, Sean, it actually costs a little bit more money.
You know, it's going to you know, you know, having
the specific crew and the tools on site, there's an
incremental added cost. But when we went through it and
she highlighted this, she goes, but you're actually going to
save money in the long run because what directional drilling
enables us to do. First of all, what directional drilling
does is with precision accuracy, you're able to target, you know,
because what happens to Terry when you drill a hole
you could deviate as you go through that rock and
where you're targeting, you may not get there right. So
the directional drilling is a precise, precision way to actually
get to your target. Number one. But what we've employed
is what we drill is what we call a mother hole. Okay,
so you drill an initial hole and then from that
you would drill off, you would fan off daughter holes.
So that initial hundred sometimes two hundred in some cases
three hundred medals of initial drilling.
Speaker 2: You don't have to redrill.
Speaker 1: So I calculated just this summer alone, we've saved about
a million and a half dollars over a million and
a half dollars employing this directional drilling. So what it's
done is it's enabled us to with precision accuracy target
the widest parts of the mineralization, highlighting these really really
high grade wide intercepts. It's enabled us to do this
in a cost saving way. And so no, it's you
know what I really like about Dolly Varden is you've
got all the state of the art technology. You know,
you've got the geophysics right, you've got the geochemistry, you've
got the directional drilling. You've got tools today that weren't
there for the old timers that were mining right and exploring.
But what I love about Dolly is you also have
a team that We've got students in the field that
support us that are in their early twenties, but we
have people at the board level, you know, in their
seventies and their sixties, senior geologists in their fifties and
sixties that are mentoring that team and also emphasizing the
importance of working with papers right and going out and
doing the ground truth thing. So it's marrying the old
with the new, and I think we do it in
a pretty elegant way.
Speaker 4: Yeah, and the results pretty amazing. I mean, all the
multiple holes you've returned results on most of them hit,
you know, the vast majority hit.
Speaker 2: Only a few dry holes.
Speaker 1: The hit ratio at Wolf And you know what I
really celebrated Wolf is this is a business that I've
seen a lot of projects get recycled, you know, as
the metal prices surge up, the same old projects get
kicked around. And what I love about what we're doing
at Dolly is Wolf is brand new, Like Wolf is
something where it is what the industry needs. It needs
new discoveries, it needs growth, it needs taking you know,
some of these new technologies and marrying it with the
old coming up, letting the science drive the mind plans,
and letting the geology drive the mind plans. But no,
it's it is. It is really nice to see. And
and again I really want to emphasize the pure silver
aspect here. You know, silver has been in a deficit
for the last four years, and you know we're talking
about you know, over two hundred million ounce a year
deficits for a market that's producing less than a billion
ounces a year. Then includes your cycling, and so you know,
their silver has got this growing demand. You know, one
hundred years ago, Carrie, you know, only ten percent of
silver was used in industry. Today it's over fifty percent.
And so you've got this growing industrial demand for a
metal that in the natural setting in the world. In
order to find this stuff, the pure silver minds only
represent about one in every four silver mining opportunities. Most
of sober we get as a byproducts. So again, why
I celebrate what we're finding. It will finit tour bread
in it. All these other silver deposits on the property
and silver veins that we're discovering. Is it's pure sover
it's high grade, and I think most importantly, it's in
a safe jurisdiction.
Speaker 2: Yeah, all of the above, and.
Speaker 1: Carrie, that jurisdiction just got a little safer yesterday.
Speaker 2: Well, well, this is a family publication.
Speaker 4: We don't talk politics here, but I definitely understand what
you're saying, and right going to be even more mining
friendly than it already was in All livesihood absolutely so
exciting times ahead. Obviously, twenty twenty five is now upon us.
What are the goals for twenty twenty five?
Speaker 1: You know, it's really interesting. I was talking to a
very successful investory yesterday and he said to me, he goes,
you know, we're going to get this great run, like
this is going to be the year at Gold, And
I said the year at gold. I said, gold had
a huger last year, right, like it's a year and
he goes, well, it's going to have an even bigger one,
and it's going to be the year of Silver and
all these things are going to go crazy. But unfortunately,
all these cash starve mining companies are going to run out.
They're going to hit the bid and the first billion
dollars that shows up from generalists is going to go
into private placements. And Carrie, what twenty twenty five looks
like for Dolling is we're cashed up. We've got over
thirty two million dollars in the bank. We don't need
to go to market. So we're in a unique position
amongst the juniors. And you know, you kindly and generously
called us, you know, one of the better junior miners
out there, and I think what really separates us, and
one of the reasons we've been successful is our access
to capital and the fact that we've operated from a
position of strength. So we're walking into the year. If
silver goes up, if we make new discoveries, if we
convince investors about the business plan, the vision, and our execution,
there's only one way to get into the story, and
that's in the open market, and that's going to put
pressure on the share price to the upside. And I
think it's what is really going to separate us from
our peers this year. So we've got a company that's
well capitalized. We're envisioning approximately a forty thousand meters drill program,
and you know, last year we started off with a
twenty five thousand meter program and because of success and
because of some of those efficiencies and cost savings. With
the directional drilling, we actually ended up drilling over thirty
two thousand meters, so we're looking at building upon that,
going up to forty thousand meters this year, having multiple
rigs going out twenty four hours a day when we
get started. But Carrie, the good news is we have
more results to come from the twenty twenty four program.
So you know, we've got some numbers coming out of
Homestake and they're they're due out soon. So there's a
lot more to talk about and to interpret and to
plan as we go out. But it'll be you know,
if it's not broken while I fix it. So it's
going to be more expansion, more de risking, more growth.
Speaker 4: You know, looking forward to see what happens in twenty
twenty five. Hopefully the market will appreciate it. As we're
speaking today, you know, after your release, silver is back
over thirty dollars the ounce. It hit thirty five US
a while back and then pulled back, which is to
be expected. Had a really nice run last year, but
it's still nowhere near it's all time high. Unlike gold.
Speaker 1: You know, what's really interesting is I was looking at
the sil j's performance in twenty twenty four, and you know,
it's what it's really interesting is I think I'm going
to use you know, approximate numbers here, but let's say
silver was up fifteen percent last year. I think it
was actually closer to twenty So silver's up twenty percent
twenty four. What you normally see an in a price
environment like that, where the metal is appreciating, you'd see
the stocks of sixty percent, you'd see you know, three
x performance from the equities. But what you actually saw
was the SLJ was up like six percent, not sixty
So it's underperforming the metal. And the same is true
in gold. And so what that tells me is the
you know, you've got central banks buying gold, you know,
the East is buying gold. We're starting to see some
investors come into silver.
Speaker 2: You know, you know, you've.
Speaker 1: Got the the the average population in places like India
that are big buyers, and Q one alone Indians consumed
about Indian Indian market and solar was about a third
of the entire silver demand. But what's interesting is I
really think apart from Indian buyers, part from industry, nobody's
come into silvery yet and that tells me, you know,
and there's some big banks and some mainstream investors that
are starting to highlight the opportunity in silver, not on
the monetary side, but just from the industrial supply demand
set up.
Speaker 2: YEP.
Speaker 4: I think the big move is yet to come, and
we're going to see that soon enough, and it could
very well occur in twenty twenty five. So appreciate you
coming on the show, Sean, and I suggest everybody go
over to Dolly vardensilver dot com sign up for notifications,
ticker symbols in the US DOLLF and in Canada it's DV.
Speaker 2: Sean. Sounds like an exciting twenty twenty five ahead. We'll
talk to you again soon. Thank you so much.
Speaker 3: Carry all the best, the Financial Survival Network.