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DV Corporate Presentation, Oct 8, 2012
 

DV Corporate Presentation, Oct 8, 2012

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    DV Corporate Presentation, Oct 8, 2012 DV Corporate Presentation, Oct 8, 2012 Presentation Transcript

    • Dolly Varden Dolly Varden Silver Silver Corporation TSX–V:DVNew Silver Company with Eskay Creek Au–AgPotential Oct. 8, 2012
    • Dolly Varden Forward-Looking Statements SilverFORWARD LOOKING INFORMATIONCertain of the statements and information herein constitute “forward-looking statements” or “forward-looking information. Anystatements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans,projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as“expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” orvariations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or beachieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may beforward-looking statements or information. Forward looking statements or information relate to, among other things: theCompany’s business objectives and plans.Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factorsthat could cause actual events or results to differ from those reflected in the forward-looking statements or information,including, without limitation, the need for additional capital by the Company through financings, and the risk that such fundsmay not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes incommodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social,environmental or other reasons and the efforts and abilities of the senior management team. This list is not exhaustive of thefactors that may affect any of the Company’s forward-looking statements or information. Although the Company has attemptedto identify important factors that could cause actual results to differ materially, there may be other factors that cause results notto be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-lookingstatements or information.The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinionsof management as of the date hereof, and other than as required by applicable securities laws, the Company does not assumeany obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs,expectations or opinions should change, or changes in any other events affecting such statements or information.Paul McGuigan, P Geo, V.P. of Exploration has reviewed and approved the content contained in this presentation. 2
    • Dolly Varden SilverPast-producing silver mine with Precious metal rich Eskay Creek potential 3
    • Dolly VardenTwo strategies for creating value Silver• Confirm and expand historic silver resources with the goal to define 40 to 50 million ounces of Silver and re-start the historic Dolly Varden silver mines, BC• Explore a major untested Eskay Creek-type gold & silver target at Dolly Varden (Eskay Creek production of 3.6 million oz. Gold, 180 million oz. Silver)• Management team and strategic partner experienced in both Eskay Creek-type exploration and re-starting past producing mines 4
    • Dolly VardenExperienced Management & Board of Directors SilverJohn King Burns • Former CFO of Drexel Burnham Lambert Commodity GroupChairman • Former managing director of Barclays Metals Group • 30+ years of extensive capital markets and resource sector experienceRon F. Nichols, P. Eng. • 30+ years (20 years with Cominco) of exploration and developmentPresident & CEO experience including Valley Copper and Snip Mines in BC • Recently re-started Ag-Cu-Pb-Zn La Negra Mine, Mexico and silver Shafter Mine, TexasPaul J. McGuigan, P. Geo. • Principal of Cambria Geosciences Inc., formerly with Esso ResourcesVP Exploration • 35+ years of experience in mineral exploration and mining operations • Active in BC exploration since 1975Allen Ambrose, P. Geo. • 30+ years of exploration and mining experienceDirector • Co-discoverer of Brisas del Cuyuni gold deposit • Director/Co-founder of multiple resource companies incl. Minera AndesAllan Marter • 30+ years experience as a Chartered Accountant and CFO of variousDirector mining companies, including 7 years as President of EURO Ressources S.A. • Former Director of Minera Andes • Experienced in exploration, development and operational stages.Theo Sanidas • 10+ years of mining industry experienceDirector • Extensive capital markets background • Experience with M&A, financing and corporate restructuring activities 5
    • Dolly VardenCapital structure SilverDolly Varden Silver Corporation - TSX-V:DVIssued Common Shares 100,437,000 Options:- 500,000 @ $0.20 6,350,000 @ $0.25 7,600,000 750,000 @ $0.35 Warrants :- 5,000,000 @ $0.10 4,303,000 @ $0.15 10,152,400 842,200 @ $0.25 7,200 @ $0.40 Fully Diluted Shares O/S 118,189,400 Basic cash* $4.05 MM Market Cap (Basic @ $0.25/share) Approx. $25 MM * Cash position would increase by $3.016 million if all warrants and options exercised project potential scope & size will allow company to create significant value 6
    • Dolly VardenStrategic Partner – Hecla Mining Company Silver• Acquired 20 million shares for a 19.9% interest• Hecla has the right to maintain their 19.9% interest• Hecla has right to nominate one person to the Dolly’s Board• Hecla will nominate one person to Dolly’s technical committee• Strong strategic partner with 100 years of silver mining experience• Flagship Greens Creek mine in same geologic setting as Dolly’s Precious Metal Rich VMS target creates synergies for exploration. 7
    • Dolly VardenDolly Varden – Solid foundation Silver % • Property acquired in Spring 2011 owned • 9,400 hectares (94 Km2) • 2 historically active mines • 2 deposits with Development • Native land claims settled 8
    • Dolly Varden Dolly Varden – Rich history Silver M Oz Ag* • Historical production*Historical production • Well understood targets • Region with world-class projects • Experienced senior management 9
    • 7 Dolly Varden Located in northwestern BC Silver Eskay Creek Major nearby projects: • Eskay Creek (Barrick) Historic Production Snip KSM 3.6MM oz Au + 180MM oz Ag Brucejack - Snowfields Silbak Premier • Silback Premier (Ascot) Historic Production Dolly Varden 2.2MM oz Au + 44.2MM oz Ag BC Moly • Brucejack (Pretium) • KSM (Seabridge Gold) • BC Moly (Avanti) • surrounded by world-class projects 10
    • 11 Dolly Varden Located in the Stewart Complex Silver Eskay Creek Hazelton Group Arc assemblage (green) KSM Brucejack Host to base and precious metal deposits 220M+ oz Ag produced historically Granduc Silbak-Premier 7M+ oz Au produced historically Wolf Torbrit Dolly Varden / North Star Big Bulk BC Moly typical mineralization for the region 11
    • World-class gold - Silver VMS deposits with plus Dolly Varden 1 million oz. gold in production & reserves* Silver Deposit Operator Country Tonnage Grade (M t) Au(g/t) Ag(g/t) Canadian VMS Deposits Eskay Creek Barrick Canada 2.5 44.4 2087.7 LaRonde Agnico Eagle Canada 43.5 4.2 52.1 Horne Noranda Mines Canada 54.3 6.1 13.0 Bousquet Agnico Eagle Canada 29.7 5.3 2.1 International VMS Deposits Hassai La Mancha Sudan 6.2 10.0 — Greens Creek Hecla USA - Alaska 11.2 4.2 560.9 Abyz Kazakhmys Kazakhstan 4.4 6.5 61.0 Boliden AB Boliden Sweden 8.3 15.1 48.3 Norton Mt. Morgan Australia 80.7 3.7 0.7 Goldfields*Dubé et al, Geological Survey of Canada 12
    • Dolly VardenExcellent infrastructure – via Alice Arm Silver • 2011 Logistics base and camp built in the settlement of Alice Arm • Property is 30 Km from tidewater at Alice Arm • 30 Km from power grid • Access to rail and deepwater shipping • All-weather road access • 7 Km of existing underground development good logistics for rehabilitation, development and exploration 13
    • Dolly Varden Foundation for Dolly Varden’s plans SilverHistorical resource estimate*: Extensive exploration by5.7M oz. Ag Proven + Probable previous owners:8.8M oz. Ag PossibleThe qualified person has not done sufficient work to • 631 diamond drill holesclassify the Historical Estimates as current mineralResources or Reserves. Furthermore, the issuer is not • 44,090 meters of drillingtreating these Estimates as current Mineral Resourcesor Mineral Reserves. • 7 km underground*Derry Michener Booth & Wahl (1986) developmentPurchase of Property for • 1980’s Engineering studies on mine, mill,$2.5 million translates into and tailings designAcquisition cost of $0.20 peroz. of Silver extensively mapped by current management 14
    • Dolly VardenCreating significant additional value Silver Targeted exploration programs 1. Validation and 2. Identification of new, expansion of historic major Eskay Creek-type silver resource estimates gold and silver deposits to 40 to 50 million oz. clear targets 15
    • Dolly Varden Silver“the best new mines are often foundnear old mines” 16
    • Dolly Varden3D Topography with deposits and showings Silver 17
    • Dolly VardenHistoric mineral resources* (Dilution at 10 – 16%) SilverLocation Historic Tonnes Silver Contained Resource Grade Silver Classification (g/t) (ounces)Dolly Varden Mine – Proven & 42,638 754.3 1,034,000(a) Probable (P & P)North Star Mine – (b) P&P 128,437 401.5 1,657,867Torbrit Mine – (c) Possible 786,531 312.0 7,889,700Wolf No.1 Zone – (d) P&P 77,932 395.0 989,626Wolf No.2 Zone – (e) P&P 218,512 285.9 2,008,839Wolf No.2 Zone – (f) Possible 100,295 279.4 901,031Total P&P 5,690,331 Possible 8,790,731 * Derry Michener Booth & Wahl (1986) All cut off grades 171 g/t silver See Note 4 and additional disclosure on Pg 15 Geology and Mineral Exploration of the Dolly Varden Property, British Columbia, 18 Canada Sept. 5, 2011, as revised. By Terry Garrow - Filed on SEDAR.
    • Dolly VardenNotes on Historic mineral resource estimates* SilverComments:a: Skerl (1964) and Mann (1974) Dolly Varden Mine staff. Remaining resource blocks are in proximity to mined out stopesand downplunge extensions of mined out areas.b: Thompson & Pearson (1981) Derry Michener & Booth. Minimum mining width of 5 ft. No prior mining.c: Leigh & Thompson (1983) Derry Michener & Booth. Comprised of 18 zones. Most zones are in the hanging wall of theglory hole and mined out stopes of the 1959 operation.d: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining. Tested by two levels of underground adits.e: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining. Tested by three levels of undergound adits.f: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining.Note 1: This resource estimate was prepared from incomplete old plans and sections, considerable verification drillingis required prior to placing reliance on this information.Note 2: Historic Resource Classifications used in mineral resource estimates at the Dolly Varden deposits termed blockswith closely spaced drilling and bulk sampling data "Proven and Probable Reserves" and made allowances for miningoperations and dilution. However, significant additional technical work is required. In the current terminology theseblocks would be termed Measured and Indicated Mineral Resources, however, for the purposes of this Technical Reportthey are to be considered Geological Information only and subject to verification by drilling and sampling, prior toreclassification.Note 3: Historic Resource Classifications used in mineral resource estimates at the Dolly Varden deposits termed blockswith more widely spaced drilling "Possible Reserves". In the case of Torbrit, Thompson and Pearson (1981) reduced theconfidence to Possible because the closely spaced drilling data must be subject to considerable check drilling. In thecurrent terminology these blocks would be termed Inferred Mineral Resources, however, for the purposes of thisTechnical Report they are to be considered Geological Information only and subject to verification by drilling andsampling, prior to reclassification.Note 4: The Qualified Person has not done sufficient work to classify the Historical Estimates as current MineralResources or Mineral Reserves. Furthermore, the Issuer is not treating these Historical Estimates as current MineralResources or Mineral Reserves.*Notes from Geology and Mineral Exploration of the Dolly Varden Property, British Columbia, CanadaSept. 5, 2011, as revised. By Terry Garrow - Filed on SEDAR 19
    • Validation and expansion of Dolly Vardenhistoric mineral resources SilverLooking NNW Wolf Mine North Star Mine Torbrit Mine • 4 targets • Mineralization zones of 5-20m true widths Dolly Varden Mine • Potential for high grade silver at depth • Focus on Wolf, Dolly Varden, and Torbrit potential for mineral resource upgrade and expansion 20
    • Dolly Varden Silver“the Dolly Varden deposits may be silver-rich analogues to the precious metal-rich Eskay Creek deposit” (Dunne and Pinsent (2002) of the BC Geological Survey Branch) 21
    • Dolly VardenSize comparison to Eskay Creek Silver Dolly Varden feeder zone much larger than Eskay Creek feeder zone (shown at same scale) 22
    • 1 Dolly Dolly Varden Varden New VMS exploration target Silver Silver Eskay Creek Deposit Model with comparable geological features at Dolly Varden vertical footwall feeders mineralize horizontal ocean-floor strata 23
    • Dolly VardenVMS deposit identification SilverLooking NNW Wolf Mine Surprise 3D map-red zone • 5km strike length of strong feeder style Dolly Varden Mine alteration on the property • Potential for gold-silver VMS at depth beneath intense Red Point alteration zone potential for new Eskay Creek-type deposit 24
    • Dolly Varden2011 exploration program completed SilverDolly • Surface of Dolly Varden & North Star mapped • Portals re-opened and surveyedVarden • Work camp constructed in Alice Arm • BC Land Surveyors verified Torbrit mine grid on surface & U/GTorbrit • Rehabilitation of underground workings scoped • Surface of Wolf mapped and historic drill hole collars located • BC Land Surveyors verified Wolf mine gridWolf • 4,600 m of diamond drilling in 21 holes • Step-out and verification diamond drill intersections obtained • Surface geological mapping and samplingRed Point • BC Land Surveyors verified 1989-90 trenching and drill collars a basis for further value creation 25
    • Dolly VardenWolf mine - Diamond drilling setup Silver 26
    • 2012 Exploration targets Dolly VardenDolly Varden – Torbrit - Redpoint Silver 27
    • Dolly VardenDolly Varden to Torbrit – Longitudinal Section Silver 28
    • Dolly Varden2012 Proposed Drilling – Dolly Varden area Silver 29
    • Dolly Varden SilverTorbrit – 1000 level – Historic drill results 30
    • Dolly VardenUse of Proceeds Silver Dolly Varden 2012 Work Program Budget Road & Bridges - Km 1 to 24 $ 824,750.00 Preparation & Mobilization $ 75,000.00 Program Support & Logistics $ 1,018,000.00 Geoscience Program $ 341,000.00 Drill Program – 8845 meters $ 2,641,450.00 Geotechnical & Environmental Program $ 298,000.00 Road & Bridges - Km 24 to Torbrit $ 33,000.00 Geotechnical & Environmental Program $ 172,800.00 Airborne Geophysical Program $ 210,000.00 Underground Prep Work $ 950,000.00 Grand Total $ 6,564,000.00 31
    • Dolly Varden2012 Objectives – Longer term milestones Silver2012 Objectives• Increase silver resources at Dolly Varden and Torbrit deposits by drilling down plunge of known Historic resource blocks.• Limited infill drilling and underground sampling to begin to convert Wolf historic resources, and 2011 drill results to 43-101 compliant categories.• Refine Eskay target on Redpoint with geochemistry, alteration studies and geophysics (VTEM) prior to drill testing (minimum 3 holes in 2012)Longer Term Milestones (success contingent)• Increase Historic resources at all 4 deposits from current 14 million ounces to 45 to 50 million ounces of 43-101 compliant resources.• With success in defining 45 million + ounces initiate scoping through to feasibility studies to determine the economic viability of a 1,000 to 1,500 tonne per day operation.• Continue to develop Eskay targets towards discovery. 32
    • Dolly VardenCorporate Overview Silver• Evaluating the re-start of historic Dolly Varden silver mines, BC• Exploring a major untested Eskay Creek- type gold and silver target• Senior management team experienced in both Eskay Creek-type exploration and re- starting old mines• 2012 proposed diamond drill program of 8,900 m to expand silver resources and define and drill Eskay type targets. 33
    • Dolly Varden SilverDolly Varden Silver Corporation TSX-V:DVSuite 910 – 355 Burrard StreetVancouver, British Columbia, www.dollyvardensilver.comCanada, V6C 2G8Tel: 778-383-3083Toll free: 1-855-381-3530Ron F. NicholsPresident, CEO & DirectorDirect line: 604-398-4345Investor RelationsStrata Star – Gary LindseyTel: 1-720-273-6224Email: gary@strata-star.com 34