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Dolly Varden Silver Corp. - President's Message to Shareholders
Dolly Varden Silver Corp. - President's Message to Shareholders Canada NewsWire ...
About this update from Dolly Varden Silver Corporation
[{"type":"text","content":"\n\n\n\nDolly Varden Silver Corp. - President's Message to Shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 4, 2018\n\n\n\nVANCOUVER, Jan. 4, 2018 /CNW/ - Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the \"Company\" or \"Dolly Varden\") On behalf of the management of Dolly Varden Silver Corp. (\"Dolly Varden\"), it is my great pleasure to provide a summary to our shareholders of the events of 2017 and provide an outlook of what may lie ahead in 2018. \n\n\n \n \n\n \nThe Belcarra Group assumed control of the management of Dolly Varden in December 2016 at the request of members of the board of directors and several of our large and institutional shareholders. The objective was to bring stability to the corporation by allowing our experienced technical team led by Ben Whiting, Vice President Exploration and Rob Van Egmond, Chief Geologist as the project manager to begin to unlock value in the project.\n\nWe completed a thorough and comprehensive review of all historical data and workings, organized our exploration team and designed the work program for 2017. We wanted to commence drilling as early as possible (weather permitting). Exploration camp construction and site preparation began in May, diamond drilling quickly ensued in June, and we were the first company to begin drilling in the Golden Triangle this season. \n\nThe initial program was designed for 5,000 meters of drilling with a budget of $3.5 million (\"MM\"). This was quickly expanded to $6.5 MM with the program running through to October. In total we completed 15,728 metres of drilling totalling $4.8 MM with the cost per metre coming in well under budget. \n\nThe team in Alice Arm had an incredibly successful drill campaign resulting in FOUR new discoveries which have changed the outlook for the future of Dolly Varden in a very positive way. These discoveries will be followed up with 2018 drilling which should start to delineate the size potential of these exciting new targets. Ben Whiting, VP Exploration, is preparing a much more comprehensive ...