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Speaker 1: Primary silver projects are rare, and what makes Dolly Varden

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so special is the results that you saw today. You know,

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the almost four hundred grams per ton of over twenty

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meters and that's on one hundred and twenty meters.

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Speaker 2: Step out.

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Speaker 1: Finding pure high grade silver with those types of wide intercepts.

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It's it is something that you know, there's you could

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probably count on one hand the number of projects globally

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that can deliver results like this.

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Speaker 3: The Financial Survival Network now more than ever, the Financial Survival.

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Speaker 4: Network, and welcome. This is Financial Survival Network. I'm your host,

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Carrie Letz. You've got a major, major sponsor update from

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Sean kun Kuhn of Dolly Varden Silver and Sean.

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Speaker 2: Well, I'll kind of let you take it away.

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Speaker 4: I view Dolly Varden as kind of one of the

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top tier junior miners out there, and these results further

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reinforce that view.

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Speaker 1: Absolutely. Listen, I think our business, you know, there's three elements.

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It's the people, it's the project, and it's the money.

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And you know, we're blessed that we've got the shareholders

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like Hecklaw, like Eric Spratt, like all the big institutions

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that have entrusted us with enough capital. You know, the

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company's got over thirty million dollars in the bank, So

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we've got the capital, and we've got a best in

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class technical team. So you've got the capital, you've got

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the people. And as today's news release reiterated, it highlights

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one of spectacular world class project. This really is and

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it's something carry that. You know, I've been in the

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mining business for twenty one years. I've spent the last

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five years completely focused on silver and I just walked out.

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Speaker 2: Of a meeting.

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Speaker 1: I'm calling you out, calling in right now from a

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hotel room in Toronto, and I just walked out of

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a meeting, and you know what what I see in

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Dolly Varden And this is what I told the audience

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there was We've got a project here that is it's

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a it's a special project amongst a unique group of companies.

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You know, silver is super rare. Primary silver projects are rare.

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And what makes Dolly Varn so special is the results

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that you saw today. You know, the almost four hundred

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grams per ton of over twenty meters and that's on

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one hundred and twenty meters step out finding pure I

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grade silver with those types of wide intercepts. It's it

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is something that you know, there's you could probably count

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on one hand the number of projects globally that can

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deliver results like this.

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Speaker 4: Yeah, they're pretty spectacular. And what do you think it's

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going to do as far as the resource goes?

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Speaker 1: Well, listen, this is all Wolf interesting, the Wolf deposit.

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So just to put this into context, Dahlly Varden was

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the richest silver mine in the British Empire. It was

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Canada's third largest silver producer. We've got this fifteen kilometer trend.

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It's about ten miles going south to north in Canada,

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in British Columbia in the Golden Triangle and Carrie every

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mile cross cutting that ten mile trend are cross cutting

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faults that are brought in mineralization, you know, thrusts of

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high grade silver mineralization. And so I think what this

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does is what this shows is we can grow high

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grade silver. So torbrit which was Canada's third largest silver

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mine when it was in production throughout the nineteen fifties.

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Torbert's about a fifty million ounce high grade here silver deposit.

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I think Wolf is another one. There were some numbers

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that came out of moose and chants this year that

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are showing further growth. So I think it really highlights

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the number of potential fifty million outs silver deposits that

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are on this line package.

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Speaker 4: Yeah, it's pretty remarkable. And you know, one thing is

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a technology. Obviously we've seen a lot of technology come

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into the sector, but now it looks to me like

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directional drilling is a potential game changer.

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Speaker 1: It is, and you know, despite being around exploration for

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a long time, it was a new idea and concept

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to me when our project manager, Amanda Bennett, said, I

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want to try something new in twenty twenty four and

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she said, Sean, it actually costs a little bit more money.

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You know, it's going to you know, you know, having

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the specific crew and the tools on site, there's an

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incremental added cost. But when we went through it and

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she highlighted this, she goes, but you're actually going to

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save money in the long run because what directional drilling

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enables us to do. First of all, what directional drilling

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does is with precision accuracy, you're able to target, you know,

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because what happens to Terry when you drill a hole

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you could deviate as you go through that rock and

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where you're targeting, you may not get there right. So

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the directional drilling is a precise, precision way to actually

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get to your target. Number one. But what we've employed

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is what we drill is what we call a mother hole. Okay,

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so you drill an initial hole and then from that

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you would drill off, you would fan off daughter holes.

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So that initial hundred sometimes two hundred in some cases

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three hundred medals of initial drilling.

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Speaker 2: You don't have to redrill.

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Speaker 1: So I calculated just this summer alone, we've saved about

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a million and a half dollars over a million and

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a half dollars employing this directional drilling. So what it's

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done is it's enabled us to with precision accuracy target

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the widest parts of the mineralization, highlighting these really really

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high grade wide intercepts. It's enabled us to do this

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in a cost saving way. And so no, it's you

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know what I really like about Dolly Varden is you've

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got all the state of the art technology. You know,

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you've got the geophysics right, you've got the geochemistry, you've

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got the directional drilling. You've got tools today that weren't

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there for the old timers that were mining right and exploring.

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But what I love about Dolly is you also have

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a team that We've got students in the field that

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support us that are in their early twenties, but we

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have people at the board level, you know, in their

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seventies and their sixties, senior geologists in their fifties and

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sixties that are mentoring that team and also emphasizing the

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importance of working with papers right and going out and

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doing the ground truth thing. So it's marrying the old

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with the new, and I think we do it in

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a pretty elegant way.

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Speaker 4: Yeah, and the results pretty amazing. I mean, all the

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multiple holes you've returned results on most of them hit,

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you know, the vast majority hit.

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Speaker 2: Only a few dry holes.

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Speaker 1: The hit ratio at Wolf And you know what I

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really celebrated Wolf is this is a business that I've

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seen a lot of projects get recycled, you know, as

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the metal prices surge up, the same old projects get

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kicked around. And what I love about what we're doing

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at Dolly is Wolf is brand new, Like Wolf is

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something where it is what the industry needs. It needs

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new discoveries, it needs growth, it needs taking you know,

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some of these new technologies and marrying it with the

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old coming up, letting the science drive the mind plans,

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and letting the geology drive the mind plans. But no,

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it's it is. It is really nice to see. And

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and again I really want to emphasize the pure silver

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aspect here. You know, silver has been in a deficit

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for the last four years, and you know we're talking

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about you know, over two hundred million ounce a year

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deficits for a market that's producing less than a billion

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ounces a year. Then includes your cycling, and so you know,

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their silver has got this growing demand. You know, one

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hundred years ago, Carrie, you know, only ten percent of

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silver was used in industry. Today it's over fifty percent.

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And so you've got this growing industrial demand for a

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metal that in the natural setting in the world. In

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order to find this stuff, the pure silver minds only

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represent about one in every four silver mining opportunities. Most

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of sober we get as a byproducts. So again, why

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I celebrate what we're finding. It will finit tour bread

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in it. All these other silver deposits on the property

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and silver veins that we're discovering. Is it's pure sover

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it's high grade, and I think most importantly, it's in

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a safe jurisdiction.

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Speaker 2: Yeah, all of the above, and.

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Speaker 1: Carrie, that jurisdiction just got a little safer yesterday.

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Speaker 2: Well, well, this is a family publication.

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Speaker 4: We don't talk politics here, but I definitely understand what

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you're saying, and right going to be even more mining

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friendly than it already was in All livesihood absolutely so

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exciting times ahead. Obviously, twenty twenty five is now upon us.

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What are the goals for twenty twenty five?

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Speaker 1: You know, it's really interesting. I was talking to a

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very successful investory yesterday and he said to me, he goes,

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you know, we're going to get this great run, like

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this is going to be the year at Gold, And

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I said the year at gold. I said, gold had

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a huger last year, right, like it's a year and

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he goes, well, it's going to have an even bigger one,

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and it's going to be the year of Silver and

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all these things are going to go crazy. But unfortunately,

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all these cash starve mining companies are going to run out.

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They're going to hit the bid and the first billion

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dollars that shows up from generalists is going to go

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into private placements. And Carrie, what twenty twenty five looks

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like for Dolling is we're cashed up. We've got over

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thirty two million dollars in the bank. We don't need

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to go to market. So we're in a unique position

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amongst the juniors. And you know, you kindly and generously

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called us, you know, one of the better junior miners

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out there, and I think what really separates us, and

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one of the reasons we've been successful is our access

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to capital and the fact that we've operated from a

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position of strength. So we're walking into the year. If

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silver goes up, if we make new discoveries, if we

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convince investors about the business plan, the vision, and our execution,

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there's only one way to get into the story, and

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that's in the open market, and that's going to put

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pressure on the share price to the upside. And I

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think it's what is really going to separate us from

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our peers this year. So we've got a company that's

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well capitalized. We're envisioning approximately a forty thousand meters drill program,

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and you know, last year we started off with a

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twenty five thousand meter program and because of success and

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because of some of those efficiencies and cost savings. With

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the directional drilling, we actually ended up drilling over thirty

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two thousand meters, so we're looking at building upon that,

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going up to forty thousand meters this year, having multiple

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rigs going out twenty four hours a day when we

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get started. But Carrie, the good news is we have

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more results to come from the twenty twenty four program.

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So you know, we've got some numbers coming out of

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Homestake and they're they're due out soon. So there's a

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lot more to talk about and to interpret and to

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plan as we go out. But it'll be you know,

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if it's not broken while I fix it. So it's

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going to be more expansion, more de risking, more growth.

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Speaker 4: You know, looking forward to see what happens in twenty

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twenty five. Hopefully the market will appreciate it. As we're

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speaking today, you know, after your release, silver is back

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over thirty dollars the ounce. It hit thirty five US

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a while back and then pulled back, which is to

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be expected. Had a really nice run last year, but

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it's still nowhere near it's all time high. Unlike gold.

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Speaker 1: You know, what's really interesting is I was looking at

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the sil j's performance in twenty twenty four, and you know,

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it's what it's really interesting is I think I'm going

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to use you know, approximate numbers here, but let's say

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silver was up fifteen percent last year. I think it

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was actually closer to twenty So silver's up twenty percent

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twenty four. What you normally see an in a price

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environment like that, where the metal is appreciating, you'd see

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the stocks of sixty percent, you'd see you know, three

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x performance from the equities. But what you actually saw

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was the SLJ was up like six percent, not sixty

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So it's underperforming the metal. And the same is true

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in gold. And so what that tells me is the

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you know, you've got central banks buying gold, you know,

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the East is buying gold. We're starting to see some

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investors come into silver.

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Speaker 2: You know, you know, you've.

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Speaker 1: Got the the the average population in places like India

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that are big buyers, and Q one alone Indians consumed

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about Indian Indian market and solar was about a third

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of the entire silver demand. But what's interesting is I

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really think apart from Indian buyers, part from industry, nobody's

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come into silvery yet and that tells me, you know,

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and there's some big banks and some mainstream investors that

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are starting to highlight the opportunity in silver, not on

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the monetary side, but just from the industrial supply demand

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set up.

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Speaker 2: YEP.

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Speaker 4: I think the big move is yet to come, and

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we're going to see that soon enough, and it could

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very well occur in twenty twenty five. So appreciate you

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coming on the show, Sean, and I suggest everybody go

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over to Dolly vardensilver dot com sign up for notifications,

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ticker symbols in the US DOLLF and in Canada it's DV.

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Speaker 2: Sean. Sounds like an exciting twenty twenty five ahead. We'll

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talk to you again soon. Thank you so much.

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Speaker 3: Carry all the best, the Financial Survival Network.