Vancouver-based Dolly Varden aims to complete 25,000m of core drilling at its namesake project in 2018.

"The entire 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 hosts numerous other, on-trend, high-grade deposits [such as Eskay Creek and Brucejack]," the company says.

Dolly Varden shares are currently trading at less than half the levels they were at in January this year, capitalising the company at about C$21 million.