DOLLF - Dolly Varden announces agreement with Libero Copper to acquire south portion of Big Bulk Property
(NewsDirect)
Dolly Varden Silver CEO Shawn Khunkhunrecently joined Steve Darling from Proactive to share a significantdevelopment for the company entering into an option agreement, whichallows them to earn 100% interest in the southern portion of the BigBulk Project from Libero. This strategic move consolidates the entirecopper-gold porphyry system, significantly enhancing the company'sprospects in the region.
The Liberoproperty, known as the Big Bulk Property, encompasses seven mineralclaims, spanning over 3,000 hectares within the Golden Triangle ofBritish Columbia. Importantly, the property already holds existingland use agreements and exploration permits, streamlining Dolly VardenSilver's exploration efforts.
Khunkhun elaborated that the southern part of the Big BulkProperty has a history of exploration dating back to 2001-2003 whenTeck and Canadian Empire Minerals were actively involved. Recentgeologic mapping has led to a new interpretation of the geology,revealing a larger calc-alkaline porphyry system with structuralsimilarities to the Kerr-Sulpherets-Mitchell deposits, displayingcomparable age and setting.
Regarding their plans for 2024, Khunkhun mentioned that theyhave 70 drill holes set to report in the new year. The objective is toconnect deposits, potentially marking a watershed moment for DollyVarden Silver. Khunkhun believes that they are already at a pointwhere they have significant size and grade, and the next round ofdrilling could be transformative.
Their 2024 plans include continuing to delineate resources,expanding and extending their deposits, and answering the question ofwhether they have a 1 billion-ounce Silver Cow on their hands, as theyare 14% of the way there based on their 2019 results and 100,000meters of drilling. The geological similarities with nearbyworld-famous mines like SK, Bruce Jack, Kennedy, and Premier make thisa compelling prospect.
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