DV:CC - DV Silver CEO Shawn Khunkhun: Value-creation is Done Through Growing Your Mineral Inventory
(TheNewswire)
April 29, 2024 – TheNews w ire – Global Stocks News – OnApril 23, 2023 Dolly Varden Silver (TSXV:DV) (OTC:DOLLF) announced plans for its 2024exploration drilling program at its100% owned Kitsault Valley Project.
Key Highlights:
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Three drill rigs mobilising
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Initial 25,000 meters diamond drilling planned
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Follow up on new discoveries
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Focus on Homestake Silver and Wolf Deposits
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Low snow packs allow for earlier than usual start in May
“ The drill program will be split approximately 50/50between the Dolly Varden Property and the Homestake Ridge Property,”states DV, “with an overall project split of 1/3 to Homestake Silver depositarea , 1/3 to Wolf deposit area and 1/3 to project wide explorationtargets with new discovery potential.”
"Our drill results from Homestake Silver wereamong the highest-grade gold and silver intercepts anywhere in theGolden Triangle in 2023,” states Dolly Varden CEO Shawn Khunkhun .
According to theCorporate Finance Institute (CFI) ,the five key responsibilities of a CEO are: 1. Setting and ExecutingOrganizational Strategy, 2. Build the Senior Leadership Team, 3.Making Capital Allocation Decisions, 4. Setting Vision, Values, andCorporate Culture and 5.Communicating Effectively with All Stakeholders .
In the junior markets, it is rare to find a CEO whoexcels at all five things. Commonly, #5 (Stakeholder Communication) isa glaring weakness. Typically, you find biotech geniuses, technologydisrupters and brilliant geologists who are awkward, clumsycommunicators.
Shawn Khunkhun was appointed the DV SIlverCEO position on February 18, 2020 ,during a period of depressed metal prices. Since then, he has provedto be demonstratively good at all five parts of his job, includingcommunication to the investment community.
Wolf Vein
At the Wolf Vein, drilling is planned to delineate thewidth and extent of the southerly plunge of wider and higher-gradesilver mineralization. Step out holes that define the trace of theplunge are spaced so that anynew mineralization can be included in a future resourceupdate . The Company will implement directionaldrilling technology with the objective of more cost effective andaccurate exploration at Wolf, particularly for deep holes.
Figure 2 . Previously releasedresult highlights (2022 and 2023) on Wolf Vein long section lookingnorthwest showing open zones for follow up and trace of wider,higher-grade plunge as black line.
Homestake Silver
The program planned for Homestake Silver will startwith follow up drilling on the newly discovered gold zone at thenorthern extent of deposit, where coarse-grained native gold inlate-stage quartz-carbonate veins (Figure 3.) returned grades of 1,335 g/t Au and 781 g/tAg over 0.68 meters within a wider interval ofstockwork grading 79.49g/t Au and 60 g/t Ag over 12.45 meters in drill holeHR23-389.
Figure 3 . Visible Gold in quartzcarbonate vein from drillhole HR23-389 at 410.00m depth.
The second part of Homestake Silver drilling will beresource expansion and upgrade holes that target the low angle, northdipping plunge of wide and high-grade gold and silver mineralizationencountered in 2023 (Figure 4.).
Figure 4 . Homestake Ridge Longsection looking southwest showing previous results of wide, highergrade plunge and new gold zone at Homestake Silver with 2024 targetareas.
Exploration Targets including MooseVein
The Moose Vein is located 1.5 km up north of the WolfVein and is interpreted to be hosted within a similar cross cuttingstructure as Wolf.
Other Exploration targets on both the Homestake Ridgeand Dolly Varden properties include targets within the 5.4 km longarea between the southern end of Homestake Silver and WolfVein.
Shawn KhunKhun recently spoke with Kerry Lutz, a lawyerand entrepreneur who is now the CEO of “The Financial SurvivalNetwork”, providing “an alternative to Wall Street’salways-be-buying mantra.”
“Primary silver mines are rare,” Khunkhun told Lutz. “They onlyrepresent about 28% of the market. We're located in Canada, that hasstable mining laws. We are up North in British Columbia where thereare not a lot of tourists. We've demonstrated size throughacquisition and discoveries.”
“This has led to a lot of notable shareholders,” continuedKhunkhun. “Including Hecla, Eric Sprott and institutions likeFidelity.”
On November 2, 2023 Dolly Varden Silver announced thatit has closed a deal where Hecla Canada invested$10 million in DV Silver , raising itsstake in DV Silver from 10.6% to 15.7%.
Hecla Mining has a market cap of USD $3.13 billion andtrades on the New York Stock Exchange (NYSE). It is on track toproduce 17 million ounces ofsilver in 2024 .
“Hecla’s increased ownership stake is a benefit tous,” Khunkhun told Guy Bennett, the CEO of Global Stocks News.“Hecla has demonstrated it is a sticky shareholder. They're lookingto expand their North American silver portfolio. ”
“V alue-creation is done throughgrowing your mineral inventory, or growing your production,”Khunkhun told Lutz, “Dolly Varden is trading at about $1 an ounce inthe ground. The average company trades about $4 an ounce in theground. If I can find more silver for pennies an ounce in the ground,there is a likelihood we’re going to be revalued.”
“Our priority with this early [drilling] start is tocontinue with step-outs aswell as infill drilling to confirm continuity ofthe potentially bulk-mineablemineralization ,” stated Khunkhun in the April23, 2024 press release.
“Further south, silver mineralization at Wolf remainswide open for expansion and this seasons' introduction of directional drilling technology will allow for highly accurate placement ofdrill intercepts.”
The currently gold/silver price ratio is 85.
“ For the whole of the 20th century, theaverage gold-silver ratio was 47:1,” reports Investopedia . “Inthe 21st century, the ratio has ranged mainly between the levels of50:1 and 70:1.
With gold trading at USD $2,350/ounce – 95% of its April 12, 2024all-time-high of $2,440 - and silver trading at USD $27/ounce, about60% of its all-time high, it may be an advantageous time in to investin silver equities.
Disclaimer: Dolly Varden Silver paid GSN CND $1,500 for the research,creation and dissemination of this content.
Contact: guy.bennett@globalstocksnews.com
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