| From: Nav2006 | 3/12/2014 3:19:00 PM | | | | | | Dolly Varden Silver Corp. – A New Silver CompanyDolly Varden Silver (TSX.V:DV) is a Canadian based mineral exploration company focused on the development of the historic Dolly Varden Silver Mines property located in Northwestern, British Columbia, Canada. The property hosts four historical deposits in stratigraphy that is analogous to Barrick’s Eskay Creek Deposit. The Dolly Varden Silver properties comprise 9,400 hectares (94 km2 ) located in the Stewart Complex, which is host to both base and precious metal deposits. The Company is currently focused on the expansion of historical resource estimates with the goal to re-start production in the Dolly Varden camp, and to explore a major untested Eskay Creek type precious metal rich target located on the property.
A historic resource estimate completed on the properties in 1986 estimated 5.7 M ounces of silver (proven and probable) and 8.8 M oz of silver (possible)*. The objective of the company’s exporation work is to confirm and reclassify the historic resources as current mineral resources, and to expand the resource to a target of 40 to 50 million ounces of Silver. If successful the necessary economic and technical studies would be undertaken in order to determine if the deposit(s) could become a viable mining operation.
The Property can be accessed from Terrace, B.C. by a 224 km long, all-weather road to the mining town and port of Kitsault, which is located 2 km south of the village of Alice Arm. The village of Alice Arm can be reached from Kitsault by boat. Alternate access from Prince Rupert, B.C. can be accomplished via a privately contracted barge service or charter float plane service. From Alice Arm, the Property can be reached by a public highway comprised of 23 km of all-weather gravel surfaced road. In the 2011 exploration season, access beyond km 17 of the public highway was via helicopter.
Keys to Advancing Discovery- Experienced management and technical team
- Stewart Complex – high-grade silver region
- British Columbia – mining friendly safe jurisdiction
- 100% control of Dolly Varden Mines property
- Historic mineral resources* forms the basis for exploration and resource expansion
- Potential for precious metal rich Eskay Creek type deposits
- Existing infrastructure – facilitates exploration and development
- Create value for shareholders in a rising precious metals market
With key assets in this prolific silver producing region Dolly Varden Silver is poised for exploration and discovery to create shareholder value.
The scientific and technical information on this web site has been reviewed by Paul McGuigan, P.Geo, a qualified person under NI 43-101, who is the Vice President of Exploration, and a Director of Dolly Varden Silver Corporation. |
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| From: Nav2006 | 3/21/2014 11:29:13 PM | | | | | | From the Mining Speculator
I have to say after the PDAC show and recent management changes within the company that I am genuinely excited for the company once again.
As I mentioned earlier, looking at the drill core from last summer’s drill program tells me that we are in the right place for making a major discovery. This is a potential breakout year for Dolly Varden as we are finally going to see significant drilling (13,000 meters or more) on our flagship project.
Many have pointed to this area over the years as a likely place to make a big high grade discovery of silver, gold or both. From the company standpoint, DV is poised to move their agenda forward in a big way this year.
A fresh management approach along with plenty of drilling this year on some key targets makes Dolly Varden a company to watch this summer and beyond. It would not surprise me in the least to see the company pull an incredible drill hole this summer and watch our share price take a big run.
Dolly Varden is in play for an exciting summer drill season!
DV is a BUY. |
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| To: Nav2006 who wrote (4) | 4/9/2014 1:20:01 PM | | From: mary-ally-smith | | | | Just added to my SubjectMarks.
I've been involved with Seabridge for many years and have been watching DV and ESK for quite a while now. It will be interesting how the entire area will be developped in the next few years. Patience is required here. |
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| From: Nav2006 | 9/2/2015 2:50:24 PM | | | | | | News Release - Thursday, August 27, 2015
Title: Skeena Confirms Proposals to Dolly Varden Silver
NR: 15-14
On August 27, 2015, Skeena Resources Limited (TSX.V: SKE) ("Skeena" or the "Company") delivered to Dolly Varden Silver Corporation ("Dolly Varden") (TSX.V: DV) a binding proposal to acquire 100% of the common shares of Dolly Varden (the "Dolly Varden Shares") for consideration consisting of common shares of Skeena (the "Skeena Shares") having an aggregate value of approximately $4.2 million (the "Proposal"). Under the Proposal, each Dolly Varden Share would be exchanged for 2.763 Skeena shares, which values each Dolly Varden Share at approximately $0.221, representing a premium of 30% to the closing price of the Dolly Varden Shares on the TSX Venture Exchange on August 27, 2015 and 50.9% to the 10-day volume weighted average price of both companies' shares.
Skeena believes that the Proposal is in the best interest of both Dolly Varden and Skeena shareholders. More specifically, the Proposal provides an opportunity for Dolly Varden to merge with a well-capitalized company that has the ability to fund exploration programs on Dolly Varden's silver properties; Skeena has a dedicated technical team with a proven track record of successful mineral discoveries in British Columbia; and a business combination of Skeena and Dolly Varden will allow Dolly Varden shareholders to gain exposure to Skeena's Spectrum high-grade gold project in northwest British Columbia.
A previous binding proposal was presented to Dolly Varden's board of directors on July 15, 2015. That proposal was also at a significant premium to the market price of the Dolly Varden Shares as of that date. The board of directors of Dolly Varden rejected the binding nature of that proposal and discussions between the parties ceased.
Regrettably, Dolly Varden made no real response to the July proposal and, on August 30, made a counter-offer to Skeena which, in the opinion of Skeena, is not commercially realistic. The August Proposal has now expired and Skeena is discontinuing its current efforts to combine with Dolly Varden.
Skeena believes that there are meaningful synergies that could result from the combination of junior exploration companies with resources in British Columbia, including the reduction in duplicative overhead costs. Unlike many junior exploration companies, Skeena has demonstrated the ability to raise funding even in the current difficult capital markets and believes that consolidation will enable some junior exploration companies to survive and prosper through trough cycle conditions that may persist for several more years.
Skeena remains ready and willing to consider any reasonable proposal from Dolly Varden and to work with the board of directors and management of Dolly Varden to negotiate a business combination transaction that would benefit the shareholders of both companies.
This announcement does not constitute an offer or public proposal to Dolly Varden shareholders and there can be no assurance that any offer will be made or that any transaction will take place.
About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company involved in the acquisition, exploration and development of prospective base and precious metal properties throughout British Columbia. The Company's primary activities at present are the evaluation of the high-grade Spectrum Gold property. Skeena's management includes a highly experienced team of mine-finders, including Ron Netolitzky, Chairman, who was inducted into the Canadian Mining Hall of Fame in 2015.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED
Walt Coles Jr., President & CEO
Read more at stockhouse.com |
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