VANCOUVER, March 23, 2020 /PRNewswire/ - Dolly
Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the
"Company" or "Dolly Varden") is pleased to announce
that it has retained a new team of experienced, technical mining
professionals focused on growing and advancing silver resources and
has appointed an Investor Relations Representative to enhance
shareholder communications and investor awareness.
"On behalf of the board of directors, I would like to welcome
this new dynamic and energetic team that will enable Dolly Varden
to progress towards a leading silver exploration and development
Company." said Shawn Khunkhun, CEO
President and Director. "We are acutely aware of the global
uncertainty related to the Covid-19 virus, however we will take
advantage of the time to complete data review and compilation
efforts and to investigate corporate development opportunities.
The Team:
Ryan Weymark – Technical Advisor,
Engineering
Ryan Weymark, P. Eng. is a
Professional Engineer (P. Eng.) with
experience in mining, heavy civil and infrastructure projects. Ryan
has experience working on projects as a consultant, contractor and
owner's representative at various stages, from pre-feasibility
through to completion. Mr. Weymark is currently Principal of
Weymark Consulting, providing project management services to the
resource sector, including Teck Alaska Corporation and Imperial
Metals. Mr. Weymark was Vice President - Project Development for
IDM Mining, until the acquisition by Ascot in March 2019. Prior to joining IDM Mining,
Mr. Weymark was a Project Manager with Ledcor Contractors Ltd. in
the Heavy Civil and Mining Division. Prior to Ledcor, Ryan worked
for Teck Resources Ltd. in various project and operational roles,
including Mine Construction Project Manager for the Line Creek
Phase II Expansion Project and Project Engineer for the Quintette
Coal Operations Project. Prior to Teck, Mr. Weymark worked for
SNC-Lavalin Inc. in the Mining & Metallurgy Division on various
feasibility and pre-feasibility studies. Mr. Weymark holds a B.A.Sc
from the University of British Columbia
in Mining and Mineral Processing and is a registered Professional
Engineer with the Association of Professional Engineers and
Geoscientists of British
Columbia.
Jodie Gibson – Technical Advisor,
Geology
Mr. Gibson, P.Geo. is an exploration geologist with over 14
years of mineral exploration experience throughout the North
American cordillera from Alaska to
Mexico, including syngenetic and
epigenetic precious and base metal systems. He was the project
manager of the Underworld Resources Inc. exploration team that
discovered and defined the Golden Saddle and Arc deposits. These
assets were subsequently sold to Kinross in 2010 for $139-million. Mr. Gibson was served as
vice-president of exploration for White Gold Corp where he
supervised over $30-million in
exploration activities over the previous three years, with
highlights including expansion of the Golden Saddle and Arc
deposits and five new discoveries across the White Gold district,
including the high-grade Vertigo discovery on the JP Ross
property. Mr. Gibson holds a Bachelor of Science degree and a
master of science degree from Indiana State
University and is a member of the Association of
Professional Engineers and Geoscientists of British Columbia. Mr. Gibson is currently
vice-president of exploration for K2 Gold, a Discovery Group
Company.
Marilyne Lacasse - Project
Geologist
Marilyne Lacasse, P.Geo is a
dynamic professional geoscientist with extensive experience in
project management in logistically challenging areas and rugged
terrain exploration in northwest British
Columbia. Mme. Lacasse was part of the team that
successfully restarted IDM Mining's Red Mountain Gold project and
doubled its mineral resource before the acquisition by Ascot in
March 2019. She is a graduate of
Geology from the Université du Québec à Montréal and is a
registered professional geologist with the Association of
Professional Engineers and Geoscientists of British Columbia.
Alex Horsley - Investor
Relations
Alex Horsley has been working in
the capital markets and mineral exploration sector since 2006. He
has served has a Director of several public companies. Mr.
Horsley has been involved with a significant number of
financings in public and private sector. Alex has developed long
standing relationships with an extensive network of high net worth
investors, brokers, analysts, investment bankers and private equity
groups.
The Company has granted a total of 750,000 stock options to
purchase common shares ("Shares") of the Company, each of
which entitles the holder to purchase one Share at a price of
$0.25 per Share for a period of 5
years with vesting over a two-year period. The grant of stock
options was made in accordance with the Company's stock option plan
and is subject to TSX Venture Exchange ("TSXV") approval.
Any Shares issued on the exercise of these stock options will be
subject to a four-month and one day hold period from the date of
grant.
About Dolly Varden
Dolly Varden Silver Corporation is a mineral exploration company
focused on exploration in northwestern British Columbia. Dolly Varden has two
projects, the namesake Dolly Varden silver property and the nearby
Big Bulk copper-gold property. The Dolly Varden property is
considered to be highly prospective for hosting high-grade precious
metal deposits, since it comprises the same structural and
stratigraphic setting that host numerous other high-grade deposits
(Eskay Creek, Brucejack). The Big
Bulk property is prospective for porphyry and skarn style copper
and gold mineralization similar to other such deposits in the
region (Red Mountain, KSM, Red
Chris).
Dolly Varden is also a member of the British Columbia Regional
Mining Alliance, a cooperative effort between First Nations,
Industry and the BC Provincial Government, to promote mining
activities and investment in the northwestern region.
Additional information about the Company and its activities may
be found on the Company's website
www.dollyvardensilver.com and under the Company's profile at
www.sedar.com.
FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual
results, performance, or achievements of Dolly Varden to be
materially different from any future results, performance, or
achievements expressed or implied by the forward-looking
statements. Forward-looking statements relate to, among other
things, the appointment of replacement management and TSXV approval
of the options granted. These forward-looking statements are based
on management's current expectations and beliefs but given the
uncertainties, assumptions and risks, readers are cautioned not to
place undue reliance on such forward-looking statements or
information. The Company disclaims any obligation to update, or to
publicly announce, any such statements, events or developments
except as required by law.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
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SOURCE Dolly Varden Silver Corp.