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Dolly varden Silver Energy Junior Mining Precious Metals

Dolly Varden Silver Mobilizes Three Drill Rigs to Commence an Initial 30,000 Meters of Resource Expansion, Upgrade and Exploration Drilling

VANCOUVER, BC, May 17, 2022 /PRNewswire/ – Dolly Varden Silver Corporation (TSXV: DV) (OTC: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce the initiation of field activities on its Kitsault Valley Project, located near tidewater in northwest British Columbia. Objectives of the 2022 Program include: upgrade current Inferred Mineral Resources to Measured and Indicated classification, expand known deposits and to discover new silver and gold mineralization along the Kitsault Valley trend of multiple deposits and historic mines.

Shawn Khunkhun, President and CEO comments, “With a robust $25 million treasury, a discovery-focused technical team and a target-rich environment, 2022 is setting up to be an historic year for Dolly Varden Silver. With strategic and technical input from our supportive corporate shareholder: Hecla Mining, it is our goal to make new silver and gold discoveries as well as to dramatically grow and upgrade resource at our current deposits, setting the Company up to be the next development Project in the Golden Triangle.”

Three diamond drill rigs are being mobilized by barge to the village of Alice Arm to complete an initial 99 drill holes Program totaling 30,000 meters along the Kitsault Valley Trend. Camp expansion and infrastructure upgrades are underway to accommodate our expanded exploration team, with a significant contingent of team members of the Nisga’a Nation.

Dolly Varden’s Kitsault Valley Project currently hosts Indicated Resources of 34.7 million ounces of silver and 166 thousand ounces of gold with additional Inferred Resources of 29.3 million ounces of silver and 817 thousand ounces of gold within multiple outcropping deposits in the 163 square kilometer Property. Resource upgrade and expansion drilling will begin at the Torbrit silver deposit, initially targeting step-outs at the Wolf Mine and between the Torbrit and North Star silver Deposits.

In late spring, drilling will commence at the Homestake Main and Homestake Silver deposits with the purpose of expanding mineralization along strike and down-dip as well upgrading current Inferred Resources.

Through integration of excellent detailed geological mapping integrated with innovative geochemical, geophysical and remote sensing methods, Dolly Varden’s strong technical team has identified new greenfield target areas along the Kitsault Valley trend. Additional surface mapping and sampling coupled with IP geophysical surveys will help refine drill targets to be tested during the 2022 Program. Twenty exploration targets have been initially identified, eight of which have been classified as Priority 1.

Figure 1 recently consolidated Kitsault Valley Project with Exploration potential between known deposits (CNW Group/Dolly Varden Silver Corp.)
Figure 1 recently consolidated Kitsault Valley Project with Exploration potential between known deposits (CNW Group/Dolly Varden Silver Corp.)
Figure 2 Homestake Ridge Deposits long section with infill and resource expansion project pierce points (CNW Group/Dolly Varden Silver Corp.)
Figure 2 Homestake Ridge Deposits long section with infill and resource expansion project pierce points (CNW Group/Dolly Varden Silver Corp.)

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, completion of the Offering, TSX Venture Exchange approval of the Offering, the use of proceeds with respect to the Offerings, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE Dolly Varden Silver Corp.

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Precious Metals

Silver Surges as Reddit Army Targets Precious Metals

New York (CNN Business)Move over GameStop, Reddit mania is spreading to the precious metals market.Silver futures surged as much as 8.5% above$29 Sunday evening, touching five-month highs. That follows a 6% rally last week.Meanwhile, retail sites warned customers over the weekend they could not meet skyrocketing demand for silver bars and coins. And “#silversqueeze” is trending on Twitter.In more recent trading, silver futures were up 6.5%.The moves provide another example of the power of a group that has captivated Wall Street and Main Street: WallStreetBets. The Reddit forum sent GameStop (GME), AMC (AMC) and other heavily shorted stocks skyrocketing last week, roiling markets and crushing some hedge funds that had bet against those stocks. Robinhood, the free-trading app, came under fire after restricting trades in GameStop and other stocks.People on WallStreetBets set their sights on silver and theiShares Silver Trust ETF (SLV) last week, with some suggesting it could be a way to hurt big banks they believe are artificially suppressing prices.”SLV will destroy the biggest banks, not just some little hedge funds,” one WallStreetBets user wrote.

It's not just GameStop. Market bubble fears are rising

It’s not just GameStop. Market bubble fears are risingAnother claimed JPMorgan Chase has been “suppressing metals for a long time. This should be epic. LOAD UP.”Several noted that JPMorgan (JPM) paid a record $920 million fine last year to settle charges that it engaged in manipulative trades of futures tied to precious metals as well as Treasuries.The Winklevoss twins, who famously sued Facebook’s Mark Zuckerberg and were early backers of bitcoin, both tweeted support for the push by WallStreetBets into silver.”The #silversqueeze is a rage against the machine,” Tyler Winklevoss tweeted.”If silver market is proven to be fraudulent, you better believe gold market will be next,” Cameron Winklevoss tweeted.Leading retail sites posted warnings over the weekend that they faced heavy demand.

Inside the Reddit army that's crushing Wall Street

Inside the Reddit army that’s crushing Wall Street“Due to unprecedented demand on physical silver products, we are unable to accept any additional orders on a large number of products, until global markets open Sunday evening,” APMEX, which calls itself the world’s largest online retailer of precious metals, wrote in a notice atop its website.SD Bullion warned that “due to unprecedented silver demand” it would also be unable to accept orders until Sunday evening. Similar notices were posted by Money Metals and other websites.”It’s not surprising to see the sharp and abrupt uptick in consumer demand overwhelm the physical supply of silver coins held by dealers in the short term,” Ryan Fitzmaurice, a commodities strategist at Rabobank, told CNN Business in an email.However, unlike GameStop and other unloved stocks targeted by WallStreetBets, silver futures have been strong of late. Hedge funds and other institutional investors had been bullish on silver futures and the precious metal was trading near multi-year highs.”It is a dramatically different market setup,” Fitzmaurice said. “I am not sure how well this new Reddit trading strategy will fare in futures markets and especially the notoriously volatile commodity markets.”

By Matt EganCNN Business

Updated 8:18 PM ET, Sun January 31, 2021

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Base Metals Energy Exclusive Interviews Junior Mining Precious Metals

JAYANT BHANDARI / The New America, Philosophy, Resource Stocks, & Precious Metals


Transcript Pending

Joining us for a conversation is Jayant Bhandari, the founder of ‘Capitalism and Morality‘, as we will discuss a number of topics in this action-packed interview:
TIMESTAMP:
:26 – Introduction
3:45- Who is to blame for the Racial and Class Warfare in America
6:52 – What lessons we can learn from the relationship between the Media & President Trump
8:11 – Looking back on the successes of the Trump Administration
10:37 – How will American change under a President Biden
13:42 – Constrained versus Unconstrained Visions for the United States (Reparations)
16:48 – Wealth Confiscation
18:28 – Is the Green Deal a Buy or Sell
20:42- Why are precious metals paramount at times like today
22:07 – Which metals are Jayant buying right now gold, silver, platinum, palladium, or rhodium
25:34 – Which Resources Stocks is Jayant buying right now
31:26 – Are there any Arbitrage Opportunities right now
31:55 – Capitalism and Morality
33:29 – What Keep you up at night that we don’t know about
35:00 – What did I forget to ask
Website: http://jayantbhandari.com/capitalism-morality/capitalism-morality-2021/
Promo Code: P&P
Featuring: Rick Rule, Doug Casey, Brien Leni, Albert Lu, Frank Raymond, Lilija Valis, Daniel Lu, Jayant Bhandari
Website| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
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