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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