Dolly Varden Silver, which is focused on their roughly 23.2k-acre Dolly Varden property (20M oz Ag historic production total from just two out of four of the well-defined deposits) up in Northwestern BC, reported big news today with the appointment of 35-year mining industry veteran, George W. Heard, P.Eng., to the position of President and CEO.
Heard will also retain his Director seat and, with such a bounty of frontline management experience across all areas of operations under his belt, from exploration and feasibility, to development, spanning projects around the globe in Africa, Brazil, Canada, Mexico and Indonesia, he will be a serious driving force for DOLLF as they advance the Dolly Varden Project. Heard noted that, in his learned opinion, Dolly Varden could have one of the largest under-advanced silver-gold exploration projects available to investors in the global marketplace today. This is a major endorsement from a guy like Heard, who, as Mine Manager, participated in such huge developments as the $600M Indonesian coal JV between RTZ and BP, as well as previously working for industry giant BHP Billiton across various development and operations roles at three of their high-tonnage surface mines here in the states.
The four deposits at the Dolly Varden property have remaining historic mineral resources and are geologically analogous to Barrick’s Eskay Creek deposit, with broader potential across the host Stewart Complex, which contains base, as well as precious metal deposits. The extremely favorable correlation with the setting of the Eskay Creek Au-Ag VMS (Volcanic Massive Sulfide) deposit, backed up by recent drilling’s indication that the primary DVT exhalite horizon target is actually made of two horizons, DOLLF is now extremely bullish about the project’s potential. High-grade returns from drilling in the upper zone are comparable to historical production values and the newly understood geology clearly indicates that the Eskay rift assemblage’s base may contain other, similarly-rich deposits elsewhere on the property (adjacent, as well as stacked) within and above the DVT horizon.
A graduate of the renowned Butte School of Mines (Montana Tech), where he earned a B.Sc. in Mining Engineering back in 1975, Heard is currently also President, CEO and a Director of Global Met Coal Corp. (coal projects in Alabama and Mongolia), as well as being a registered member of the highly-respected APEGBC (The Association of Professional Engineers and Geoscientists of British Columbia). Heard was keen to express his enthusiasm over the upcoming chance to meet with current and future shareholders at PDAC 2014, running this March 2nd to 5th at the Metro Toronto Convention Centre, where Heard will be exhibiting at Booth 2613 with former two-year President and CEO of DOLLF, Ron Nichols (whom the company heartily thanks for his distinguished service and who will go on from here as VP of the company), alongside DOLLF Chairman, John King Burns. The company will also be presenting during Session B of the exclusive PDAC Core Shack (sponsored by Barrick), on Level 700 of the Metro Toronto Convention Centre, March 4th and 5th at Booth 5041.
Chairman Burns underscored how the Heard appointment showcases DOLLF’s evolution as a company and was very pleased to see a man like George with the drive and intensity, as well as boots-on-the-ground field management experience, really step up to the plate like this in order to deliver the vision and insights needed to accelerate Dolly Varden’s development ahead of pursuing the targets they’ve indentified for the 2014 work program. The company picked a perfect guy to bring home the kind of structured, target scope definition required to maximize the potential inherent in the Dolly Varden project site’s geology and it should be quite interesting to keep an eye on the project as they move towards production.
More info on Dolly Varden Silver Corp. is available at www.DollyVardenSilver.com
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