(Kitco News) - The Golden Triangle is one of the world's top five mining areas, said Shawn Khunkhun, president and CEO of Dolly Varden Silver.
On Thursday Khunkhun spoke to Kitco Mining at its Vancouver studio.
Dolly Varden Silver Corporation (TSX.V:DV) is a mineral exploration company focused on advancing its 100% held Kitsault Valley project located in the Golden Triangle of British Columbia, Canada, 25kms by road to deep tide water. In 2022 Dolly Varden acquired Homestake Ridge gold-silver project from Fury Gold Mines. Homestake is located adjacent to the Dolly Varden project. Last month Dolly Varden closed a $32 million bought deal offering.
The Golden Triangle is situated in the northwest of British Columbia. Red Chris and Brucejack mines, both owned by Newmont, operate in the region.
The Dolly Varden project contains historic mines.
"I don't doubt there's a lot of silver to discover, probably north of 100 million ounces at Dolly," said Khunkhun. "But bringing in Homestake and bringing in the million ounces of gold and having the big hits that we've had...I think we may be onto a system that's reminiscent of Brucejack, Eskay, or Premier, and that's what we've got on deck in terms of these drill results that are pending."
Khunkhun said a number of factors favor precious metals: the Fed is easing, geopolitical turmoil and an uptick in precious metal ETF buying.
"I would be shocked if we didn't get a new all-time high in silver," said K. "Every other time we've been into precious bull market, silver has lagged and then outperformed. It looks like that setup is occurring right now."
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