Dolly Varden Silver Intersects 3.34 g/t Gold over 120 Meters, Including 216 g/t Gold over 0.52 Meters and 166 g/t Gold over 1.30 m in Step-Out Hole at Homestake Silver Deposit

Executive Summary

• Dolly Varden Silver reported a high‑grade gold intercept from step‑out drill hole HR25‑456 at the Homestake Silver deposit: 3.34 g/t Au over 120 m, including 216 g/t Au over 0.52 m and 166 g/t Au over 1.3 m.
• The intercept confirms continuity of mineralization beyond the current resource model and suggests expansion potential both laterally (strike) and at depth.
• The result is part of a broader 2025 drill program (~55,000 m planned) targeting high‑grade gold zones within the Kitsault Valley Project, with additional results pending from Homestake Silver, Wolf Vein, Big Bulk, and other targets.

Key Details

• Hole HR25‑456 (Homestake Silver):
• Depth interval: 409 m – 529 m (core length 120 m).
• Au grade: 3.34 g/t over 120 m.
• High‑grade sub‑intervals:
  • 216 g/t Au over 0.52 m (138 g/t Ag, 1.01 % Cu).
  • 166 g/t Au over 1.30 m (79 g/t Ag, 0.16 % Cu, 1.92 % Pb, 2.23 % Zn).
• Location & Geometry:
• Hole is a ~45‑m step‑out along strike and 30 m up‑dip from previously released holes HR24‑433 and HR24‑451.
• Coordinates: Easting 463,516 m; Northing 6,179,218 m; Elevation 843 m; Azimuth 232°; Dip –48°.
• Program Context:
• The intercept is part of ~40 % of the 2025 drill program (≈55,000 m) focused on expanding and infilling high‑grade gold zones at Homestake Silver.
• Remaining drilling aims to test extensions of the gold zone, the Wolf Vein silver extension, and the Big Bulk copper‑gold porphyry system.
• Geological Interpretation:
• Homestake Ridge deposits are structurally controlled epithermal vein stockworks hosted in Jurassic Hazelton volcanic rocks.
• Recent drilling indicates a shallow north‑plunging dilation zone with increased frequency of high‑grade gold veins, suggesting a shift toward a more gold‑rich system to the north.
• QA/QC:
• Samples processed by ALS Canada Ltd.; QA/QC includes standards, blanks, duplicates, and 5 % third‑party re‑analysis.
• Qualified Person: Rob van Egmond, P.Geo., Vice‑President Exploration (NI 43‑101).

Notable Quotes

• “These gold results from a step‑out hole at the Homestake Silver Deposit confirm that the deposit continues to grow beyond the current mineral resource estimate… this deposit is potentially a key driver of future project development,” – Shawn Khunkhun, CEO.