Dolly Varden Silver Corp. is a high-grade silver exploration company that trades its shares publicly on the TSX Venture Exchange under the symbol DV. The mining and exploration company develops its properties on the Dolly Varden project in British Colombia in Canada.
The Dolly Varden Property covers 8,800 hectares in area and hosts a high-grade robust mineral resource. The mining company considers the project highly prospective for the future exploration of high-grade deposits.
The project shares the same stratigraphic belt that hosts several other high-grade, on-trend deposits like Brucejack and Eskay Creek. Dolly Varden Silver owns a complete interest in its flagship asset -- Dolly Varden Mines.
According to the company’s reports, favorable silver prices have influenced interest in historic silver mines in Northwest British Colombia. The Dolly Varden Silver property is a historic silver property at an advanced exploration stage with well-studied targets. During 1979 to 1990, geological work was commissioned on the property and established the general geological characteristics of significant silver deposits in the upper Kitsault Valley.
Reportedly, the rock formations and the mineralization style on the Dolly Varden project share many similarities to the Eskay Creek deposit which is a gold and silver rich deposit in proximity to the project. The Dolly Varden Property has the following characteristics:
• Area covered: 88 km sq
• Ownership: 100%
• Exploration status: Underexplored sectors, only 3% of the project explored in detail
• Targets that are well understood
• Historic production: 20 M silver
• Catalysts for higher valuation
• Area contains world-class projects
The project is located at the Stewart Complex which hosts both precious and base metal deposits including the Eskay Creek Mine. The project is known to host four historically active silver mines and production of high-grade ore of 2,200 ounces of silver per ton.
The Dolly Varden mine has a long history of ownerships and production. In 1915, the project was owned by Chicago financiers who contracted Taylor Engineering Company to build the Dolly Varden Mines Railway that ran for 16 miles and was used by the company to transport equipment, ore and supplies to the site.
The company was later turned to Taylor Engineering by the Government of B.C. The new owner started producing silver from the mine and lost ownership in 1922 due to sour market conditions and a drop in silver prices.