Dolly Varden Silver Corporation
Dolly Varden Silver — Investor Presentation (February 2022)
24 slides from Dolly Varden Silver's investor presentation, Feb 11, 2022
Slide 1: Creating one of the largest high-grade, undeveloped precious metal assets in BC's Golden Triangle
TSX-V: DV OTCQX: DOLLF TSX: FURY NYSE A: FURY Creating one of the largest high-grade, undeveloped precious metal assets in BC’s Golden Triangle February 11, 2022
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 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 condi
Slide 3: Unifying Resources of the Kitsault Valley
UNIFYING RESOURCES OF THE KITSAULT VALLEY Dolly Varden signed a definitive agreement (subject to shareholder approval) to acquire the Homestake Ridge project (December 6, 2021 press release) DOLLY VARDEN KITSAULT VALLEY PROJECT HOMESTAKE RIDGE 3
Slide 4: Transaction Highlights
TRANSACTION HIGHLIGHTS Combined resources of 34.7 Moz Ag + 166 koz Au Indicated and 29.3 Moz Ag + 817 koz Au Inferred Increased Resource Solidifies the combined project as among the largest Base undeveloped precious metal assets in Western Canada Large and highly prospective land package Large Preli
Slide 5: Transaction Overview
TRANSACTION OVERVIEW Pro-Forma Capitalization Structure Current DV Shares Outstanding 130.9 M Dolly Varden will acquire all the issued Warrants 8.8 M and outstanding shares of Homestake Options 7.4 M Ridge Corporation, a wholly-owned Shares Issued to FURY 76.5 M subsidiary of Fury Gold Mines that ow
Slide 6: Prolific Metallogenic Belt
PROLIFIC METALLOGENIC BELT A commanding position at the southern tip of the Golden Triangle WOLF MINERAL SHOWINGS NORTH STAR TORBRIT DOLLY VARDEN FURY DOLLY VARDEN HECLA TSX-V: DV OTCQX: DOLLF 6
Slide 7: Proximity to Infrastructure
PROXIMITY TO INFRASTRUCTURE HOMESTAKE MAIN WOLF 170 km from the town of TORBRIT Terrace HOMESTAKE SILVER NORTH STAR 46 km SE of the deep-water SOUTH REEF port of Stewart DOLLY VARDEN 30 km from power grid and the town of Kitsault KITSAULT Power Grid, Deep Water Port, Road to 25 km road maintained by
Slide 8: Combined Project Advantages
COMBINED PROJECT ADVANTAGES Shared technical knowledge Economies of scale to reduce combined G&A allows for systematic exploration shared workforce, permitting efforts, community along the same geological trend, and stakeholder engagement, infrastructure, unhindered by property boundaries technical
Slide 9: Combined Gold & Silver Resources
COMBINED GOLD & SILVER RESOURCES Combined Silver Equivalent 100 DV HR Category Property Cut-Off Tonnes Ag (g/t) Ag oz Au (g/t) Au (oz) 80 Moz AgEq 60 Dolly Varden 150 g/t Ag 3,417,0000 299.8 32,931,000 - - 40 Indicated Homestake 2.0 g/t AuEq 736,000 74.8 1,800,000 7.02 165,993 Ridge 20 Total 34,731,
Slide 10: Homestake Ridge – Mineral Resource Long Section
HOMESTAKE RIDGE – EXPLORATION UPSIDE MINERAL RESOURCE LONG SECTION Drilling on the 7,500-ha property has outlined mineralization with three-dimensional continuity, with size and grades that can potentially be extracted economically. TSX-V: DV OTCQX: DOLLF 10
Slide 11: Homestake - South Reef Mineralization
HOMESTAKE - SOUTH REEF MINERALIZATION The South Reef Zone sits along a sub- parallel structure to the west of the main Homestake Zone. It contains high- grade, structurally controlled gold mineralization. South Reef was newly delineated by Fury during the 2017 drilling campaign and shows down-dip ex
Slide 12: Dolly Varden Discovery Potential
DOLLY VARDEN DISCOVERY POTENTIAL • Existing deposits open along strike/down dip in some cases • Torbrit Horizon silver trend • Western Gold Belt alteration trend that WOLF aligns with Fury Gold Mines’ Homestake TORBRIT Ridge project NORTH STAR • Southern Gold Belt, just south of the Dolly DOLLY VARD
Slide 13: Dolly Varden – Expansion Potential
DOLLY VARDEN – EXPANSION POTENTIAL The deposits sit at southern end of a surface potassic alteration signature. Potential for additional WOLF TORBRIT mineralized zones down plunge along the favorable volcanogenic Torbrit horizon. Image to the right shows an isometric side view of the east slope of t
Slide 14: Regional Exploration Potential
REGIONAL EXPLORATION POTENTIAL Combined project eliminates property boundaries for more comprehensive regional exploration, targeting underexplored 5.4km Kitsault Valley gap with the aim of continuing to grow resources and take advantage of further economies of scale TSX-V: DV OTCQX: DOLLF 14
Slide 15: Regional Exploration Potential – Cont'd
REGIONAL EXPLORATION POTENTIAL – CONT’D Surface geochemistry of gold and silver along Kitsault Valley suggests discovery potential of additional mineral deposits between South Reef and Wolf deposits TSX-V: DV OTCQX: DOLLF 15
Slide 16: Community Relations
COMMUNITY RELATIONS Dolly Varden Silver is a member of the BC Regional Mining Alliance (BCRMA), a regional partnership with First Nations (Tahltan and Nisga’a), industry and provincial government representatives Dolly Varden seeks to share the benefits of our work by: • Building strong relationships
Slide 17: Leadership
LEADERSHIP MANAGEMENT SHAWN KHUNKHUN ROBERT VAN EGMOND, P.Geo ANN FEHR, CPA President, CEO & Director Chief Geologist Chief Financial Officer ADVISORS KURT ALLEN JODIE GIBSON RYAN WEYMARK Technical Committee Technical Advisor, Geology Technical Advisor, Engineer DIRECTORS ROB MCLEOD, P.Geo DON BIRAK
Slide 18: Conclusions
CONCLUSIONS Large consolidated silver & gold resources Located in a safe, mining friendly jurisdiction UNIQUE Resource expansion and INVESTMENT discovery potential OPPORTUNITY Provides investors leverage to precious metal prices TSX-V: DV OTCQX: DOLLF 18
Slide 19: Contact
CONTACT SHAWN KHUNKHUN CONTINUING TO GROW President, CEO & Director SILVER AND GOLD RESOURCES IN BC’S GOLDEN TRIANGLE O: 604.602.1440 C: 604.374.5515 E: sk@dollyvardensilver.com Learn more at: WWW.DOLLYVARDENSILVER.COM TSX-V: DV OTCQX: DOLLF 19
Slide 20: Appendix: Dolly Varden Resources
APPENDIX: DOLLY VARDEN RESOURCES Category Deposit Tonnes Silver (g/t Ag) Silver oz (contained) 1. Effective May 8, 2019, Apex Geosciences Ltd. Torbrit 2,623,000.00 296.8 25,025,000.00 Dolly Varden 156,000.00 414.2 2,078,000.00 2. 150 grams of silver per tonne (g/t Ag) cutoff grade Indicated Wolf 402
Slide 21: Appendix: Homestake Ridge Resources
APPENDIX: HOMESTAKE RIDGE RESOURCES 1. Canadian Institute of Mining, Metallurgy and Tonnes Gold Gold Silver Silver Copper Copper Lead Lead Petroleum (CIM) Definition Standards for Mineral Category Zone Resources and Mineral Reserves dated May 10, (Mt) (g/t Au) (oz) (g/t Ag) (Moz) (%) (Mlbs) (%) (Mlb
Slide 22: Appendix: Dolly Varden 2020 Drilling
APPENDIX: DOLLY VARDEN 2020 DRILLING 11,000m of drilling completed Step-out holes at Torbrit • DV20-211: 351 g/t silver over 12.75 m, including 1083 g/t silver over 2.70 m • DV20-213: 135 g/t silver over 37.50 m, including 906 g/t silver over 1.00 m • DV20-222: 204 g/t silver over 15.55 m, including
Slide 23: Appendix: Dolly Varden Project Success
APPENDIX: DOLLY VARDEN PROJECT SUCCESS Discovery of Torbrit North Offset Discovery of Chance Vein Offset DV17-063: 22.74 m at 433 g/t Ag DV19-165: 26.50m at 385 g/t Ag Including: 5.00m at 1,606 g/t Ag Discovery of Torbrit East Offset DV19-166: 20.65m at 233 g/t Ag DV17-076: 27.00m at 120 g/t Ag DV19
Slide 24: Appendix: Regional Exploration Plans
APPENDIX: REGIONAL EXPLORATION PLANS • Focus on developing new gold and silver targets in 15 km length of prospective Hazelton rocks between the two combined projects (Betty Creek and Salmon River). • Full review of historical datasets, geologic mapping, stream sediment and rock chip sampling. • New
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