1
TSX.V : DV U.S. : DOLLF
Exploring for Precious Metals in the Golden Triangle Region, British Columbia, Canada
August 10, 2017
TSX.V : DV OTCUS : DOLLF
British Columbia, Canada TSX.V : DV OTCUS : DOLLF August 10, 2017 - - PowerPoint PPT Presentation
Exploring for Precious Metals in the Golden Triangle Region, British Columbia, Canada TSX.V : DV OTCUS : DOLLF August 10, 2017 TSX.V : DV U.S. : DOLLF 1 Forward Looking Information This presentation may contain forward-looking
1
TSX.V : DV U.S. : DOLLF
August 10, 2017
TSX.V : DV OTCUS : DOLLF
2
TSX.V : DV U.S. : DOLLF
This presentation may contain forward-looking statements that are not historical facts. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the timing and costs of future exploration activities on Dolly Varden Silver Corporation (“Dolly Varden”) properties; success of exploration activities; permitting timelines and requirements; requirements for additional capital; environmental requirements; planned exploration and development of properties and the results thereof; planned expenditures and budgets and the execution thereof. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will”, “budget”, “scheduled”, “forecasts”, “anticipates”, “potential”, “base case” or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". 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 relates to, among other things, Dolly Varden’s corporate strategies, mineral resource estimates and plans for further exploration, which will require additional funding. These forward-looking statements are based on management’s current expectations and beliefs (including the belief in the accuracy of the resource estimate) but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Information in this presentation is not intended to be a comprehensive review of all matters and developments concerning Dolly Varden and Dolly Varden does not assume 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 Dolly Varden’s most recently filed annual management discussion & analysis (“MD&A”), which is available on SEDAR at www.sedar.com and on Dolly Varden’s website at www.dollyvardensilver.com. The risk factors identified in the MD&A are not intended to represent a complete list of factors that could affect Dolly Varden.
Compliance with NI 43-101
The technical information in this website (the "Technical Information") has been approved by Ben Whiting, P.Geo., V.P. of Exploration of Dolly Varden and a Qualified Person. For For rea readers ders to to unders derstand the he inform formation
in thi his presen esentation,
hey sh shoul
read the he tech echnical rep report
vailabl ble www www.seda edar.com
in its en entiret rety (the he "Tech echnical Re Report
"), including all qu qualifi fications
ssumptions
exclusi sions
hat rel relate to to the he infor formation
set out
in this pres resen entation
hat qu qualifi fies es the he Tech echnical Infor formation
he Tech echnical Repor
is inten ended ded to to be be rea read as as a whol
e, and sec section
summari ries es sh shou
be rea read or
relied ed upon pon ou
cont
he Tech echnical Infor formation
in the he Tech echnical Rep eport
is su subj bject ect to to the assu ssumptions
and qualifi fication
ed therei erein. Some of the mineral resources at the Dolly Varden Property are categorized as indicated and some as inferred mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling,
3
TSX.V : DV U.S. : DOLLF
er Corp rp, is exploring for high-grade silver, gold and base metals in the prolific Golden Triangle District, northwestern British Columbia, Canada.
Dolly Varden Project, an 8,800 hectare property, hosting a high-grade silver resource, with expansion potential and multiple regional exploration showings.
Indi dicated d Resour urce ces s of 3.07 M tonne nes, , gradi ding ng 322 g/t Ag f for 31. 1.8 8 million
es silver er, , plus us Inferre erred d Resour urces ces of 0.90 M tonne nes, , grading 373 g/t Ag for 10.8 8 million n ounces es silver er.
regional target concepts and known mineralized showings and deposits.
4
TSX.V : DV U.S. : DOLLF
35,177 52-Week High $0.98 52-Week Low $0.45 Current Price $0.59 Current as of August 10, 2017
5
TSX.V : DV U.S. : DOLLF
Gary Cope
President, CEO & Director
Ben Whiting, P.Geo.
Vice President - Exploration
Rob van Egmond, P.Geo.
Chief Geologist
Stephen Brohman, CPA, CA
Chief Financial Officer
Alex Tsakumis
Vice President – Corp Development
Steve Cope
Senior Director Business Development
Melissa Martensen
Corporate Secretary
Darren Devine
Chairman
Annette Cusworth
Director
Don Birak
Director
Jim Sabala
Director
Tom Wharton
Director
Kurt Allen, P.Geo. Art Freeze, P.Geo. Dale Brittliffe, P.Geo.
6
TSX.V : DV U.S. : DOLLF
metal mineral belt
production
deposits including Eskay Creek and Brucejack (Valley of the Kings)
structure and alteration on Dolly Varden as these world-class deposits.
7
TSX.V : DV U.S. : DOLLF
position (subject to 2% NSR)
Nisga’a First Nation
Varden
silver production (in 1920’s & 1950’s)
historic mines
8
TSX.V : DV U.S. : DOLLF
Category Deposit Tonnes Silver
(g/t Ag)
Silver oz
(contained)
INDICATED
Torbrit 1,913,000 251.4 15,460,000 Dolly Varden 522,000 625.1 10,490,000 Wolf 402,000 296.6 3,834,000 North Star 236,000 262.8 1,994,000 Total 3,073 73,00 ,000 321.6 .6 31, 1,778,00 8,000
INFERRED
Torbrit 845,600 373.0 10,140,000 Dolly Varden 38,600 434.2 539,000 Wolf 9,500 230.6 70,000 North Star 4,800 223.6 35,000 Total 898,50 ,500 373.3 .3 10,784,000
1. Effective August 27, 2015 by Giroux Consultants Ltd. 2. 150 grams of silver per tonne (g/t Ag) cutoff grade 3. Mineral resources that are not mineral reserves have not demonstrated economic viability. Please refer to the company’s updated Technical report filed on www.sedar.com for further details.
9
TSX.V : DV U.S. : DOLLF
included in the mineral resource estimate due to sparsity of lead and zinc assay data (not assayed in pre-2011 drill holes).
sparsity of data. Known presence of barite and sulfides will likely result in higher SG of rock, resulting in greater tonnage.
not included in the current estimate due to lack of modern data. Further drilling will allow adding this material to future resource estimates.
Please refer to the Company’s updated Technical Report filed on www.sedar.com for further details. The Qualified Person for this mineral resource estimate is G.H. Giroux, M.A.Sc., P.Eng., who prepared the mineral resource estimate in compliance with the standards of National Instrument 43-101. Mr. Giroux is independent of the Company.
10
TSX.V : DV U.S. : DOLLF
(Sodium depletion and Potassium enrichment).
exist.
11
TSX.V : DV U.S. : DOLLF
in May and the diamond drilling started on the 7th of June 2017. Dolly Varden was the first company to start drilling this season in the region.
pattern sequence.
in August. Due to exceptionally efficient drilling by Ominica, some shifts exceeding 130 m, the 5,000 metres mark was achieved in July.
les drilled in the Torbri brit Deposit
Area a (completed)
les drilled in the Dolly y Varden den Deposi
t Ar Area (completed)
les drilled in the Gold d Zon
e (Copper pper Cliff) f) Ar Area (completed)
les being drilled in the Centra ntral Sector
Area (under way)
12
TSX.V : DV U.S. : DOLLF
036 to 039 039 in the Torbrit Deposit Area, were released on 26th July 2017. These holes were drilled in the Northwest end of the deposit.
040 to 043 043 in the Torbrit Deposit Area, were released on 9th Aug 2017. These holes were drilled mainly in the southeast end of the deposit.
length of 15.00 .00 m (12.7 .72 2 m true) ue) grading ing Ag 172.4 2.4 g/t, , Pb Pb 0.69 9 % and Zn 0.81 1 % for a s silver er-eq equivalen lent t of 244.4 4.4 g/t.
length of 12.55 55 m m (9.89 89 m true) ue) grading ding Ag 514.3 4.3 g/t, , Pb Pb 0.09 9 % and Zn 0.04 04 % for r a silver er-eq equi uivalen lent t of 520.2 0.2 g/t.
logging stations.
13
TSX.V : DV U.S. : DOLLF
Hole Zone From (m) To (m) Core (m) True (m) Ag (g/t) Pb (%) Zn (%) Ag-Eq (g/t)
DV17-037 Upper 142.80 154.60 11.80 8.34 85.4 0.67 1.32 183.5 includes 145.80 149.40 3.60 2.55 170.2 0.63 1.01 250.2 DV17-039 Upper 116.75 127.95 11.20 9.98 97.6 0.41 1.25 180.9 Lower 150.30 165.30 15.00 12.72 172.4 0.69 0.81 244.4 includes 151.30 157.30 6.00 5.09 355.3 1.63 1.30 493.1 DV17-040 Lower 187.50 200.05 12.55 9.89 514.3 0.09 0.04 520.2 includes 192.50 199.50 7.00 5.52 757.4 0.12 0.05 765.1 DV17-042 Lower 202.00 213.70 11.70 8.27 204.3 0.11 0.07 212.7 includes 208.55 210.68 2.13 1.51 598.8 0.07 0.05 604.5
14
TSX.V : DV U.S. : DOLLF
Explora
tion
ing in the e Centr ntral al Sector
etween n the e Torbr rbrit it Deposi
t Ar Area and the e Wolf lf Deposi
t Ar Area has lead to the e clear ar identi entific icat ation ion of thick ck inter ervals ls of the e DVTH H (Doll lly y Varden den-Torbri
zon) north th of Torbr rbrit it. .
58 intercept is located about 200 metres north of and 200 metres deeper than the north side and bottom of the Torbrit Deposit.
100 metres shallower than DV17-058.
15
TSX.V : DV U.S. : DOLLF
16
TSX.V : DV U.S. : DOLLF
17
TSX.V : DV U.S. : DOLLF
18
TSX.V : DV U.S. : DOLLF
19
TSX.V : DV U.S. : DOLLF
Regional Exploration
tsol epithermal vein: 25.95m grading 712 g/t Ag
Ace-Galena na VMS horizon:
grading 60 g/t Ag)
Ace Galena epithermal vein: 3.15m grading 591 g/t Ag.
the Ace-Galena Trend comparable to those in known deposits on the property.
km, with only 10% having been tested.
rit-st style mine nera ralizati ation n disco scovered red north th
rit Mine ne.
trend aligns with the Homestake Ridge of Auryn Resources.
20
TSX.V : DV U.S. : DOLLF
ly Varden den Silver er Corp rp, also
ulk Copp pper er-Gold Gold Prosp spect ect, located 10 km to the southeast along the south shore of Kinskuch Lake.
surrounded by the very large Kinskuch Project of Hecla Mining Limited.
quartz monzonite intrusives. Analogues for Big Bulk are the Sulphurets, KSM (Seabridge) and Red Mountain (IDM Mining) deposits.
AGA-01 yielded 0.31 % Cu over 54 m from 67 to 121 m, plus 4.0 g/t Au
21
TSX.V : DV U.S. : DOLLF
22
TSX.V : DV U.S. : DOLLF
23
TSX.V : DV U.S. : DOLLF
with the First Nation “Nisga’a Lisims Government” and their business representatives to insure local employment involvement in the Dolly Varden projects.
formal treaty in BC signed with the Government of Canada
24
TSX.V : DV U.S. : DOLLF
Company Location Total AgEq oz Grade Shares F/D Price F/D M Cap Per oz ALEXCO RESOURCE CORP Canada 67,300,000 337 105,000,000 $1.74 $182,700,000 $2.71 DEFIANCE SILVER Mexico 17,900,000 192 95,300,000 $0.34 $32,402,000 $1.81 KOOTENAY SILVER Mexico 179,000,000 55 244,000,000 $0.24 $58,560,000 $0.33 SILVER BEAR Russia 78,100,000 900 172,000,000 $0.27 $46,440,000 $0.59 BRIXTON METALS Canada 21,500,000 90 59,000,000 $0.35 $20,650,000 $0.96 AVERAGE $1.28 DOLLY VARDEN Canada 42,600,000 333 46,398,000 $0.59 $27,374,820 $0.64
25
TSX.V : DV U.S. : DOLLF
A poem by D.E. Muralt on the early days of the Dolly Varden Mine.
26
TSX.V : DV U.S. : DOLLF
systems property wide
discoveries
power via historic road
– prolific production
Creek and Brucejack
board
27
TSX.V : DV U.S. : DOLLF
GARY COPE PE
President, CEO & Director 604-687-8566
BEN WHITI TING, G, P.Geo Geo.
Vice President – Exploration 604-687-8566
www.dollyvardensilver.com
ALEX X TSAKUMIS UMIS
Vice President – Corporate Development 604-687-8566