Dolly Varden Silver Wolf Vein is Now a Priority as Silver Price Hits 14 Year High

Executive Summary

• Back‑fill directional drill hole DV25‑446 intersected a high‑grade silver zone of 1,422 g/t Ag over 21.70 m, including an ultra‑high grade interval of 10,700 g/t Ag over 1.00 m at the Wolf Vein.
• The result underscores continued continuity and increasing gold/base‑metal grades with depth, supporting further drilling prioritisation through the remainder of the season.
• Directional drilling has enabled Dolly Varden to reduce total new core meters from an estimated 55,000 m to roughly 41,000 m of fresh drill while maintaining mineralized intercept coverage.

Key Details

• Hole DV25‑446 (Wolf Vein) – Back‑fill directional hole intersected:
• 1,422 g/t silver over 21.70 m
• 10,700 g/t silver over 1.00 m (core interval)
• The Wolf Vein drill program builds on a historic data set dating back to 1910; recent modeling by geologist Amanda Bennett identified the target.
• VP of Exploration Rob van Egmond confirmed that gold and base‑metal grades improve with depth, enhancing metallurgy (lead improves silver recoveries).
• Directional drilling strategy:
• Uses “mother” holes repeatedly, reducing total meters drilled.
• Estimated 2025 summer campaign: 55,000 m (surface‑equivalent) → actual new core ≈ 41,000 m.
• Operational logistics:
• Site accessed by helicopter; crew changes every 12 hours.
• Real‑time data transmission via satellite internet to tablets and off‑site servers.
• Company context:
• Metal inventory now roughly a 50/50 split between silver and gold after recent gold‑rich intercepts (e.g., HR23‑389: 79.49 g/t Au over 12.45 m).
• Recent corporate actions include NYSE listing approval (April 15 2025) and multiple land acquisitions in the Golden Triangle (May 5 & May 8 2025).
• Forward outlook:
• Additional drilling ongoing at Wolf Vein, Homestake Silver, Kitsault Valley, and Big Bulk projects.
• Further results will be released as they are received.

Notable Quotes

• “These high‑grade silver results over wide intervals suggest excellent continuity at the Wolf Vein.” – Shawn Khunkhun, CEO
• “The gold and base metal grades are getting stronger as we go deeper at the Wolf Vein… lead helps with the silver recoveries.” – Rob van Egmond, VP Exploration

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