Dolly Varden Silver Expands High-Grade Gold and Silver Mineralization as Precious Metal Prices Surge

Executive Summary

• Dolly Varden Silver reported a significant step‑out drill intercept (HR25‑475) that expands the high‑grade gold‑silver mineralized plunge at the Homestake Silver deposit.
• The 2025 drilling program totaled 56,131 m in 86 holes, with ~40% focused on Homestake Ridge, confirming a wide, high‑grade zone open along plunge and depth.
• Company highlights the potential to leverage the nearby idle Premier Mill (Ascot Resources) for future bulk underground mining, emphasizing a shift toward a roughly 50/50 gold–silver metal split.

Key Details

• Drill Hole HR25‑475: 42 m step‑out north of hole HR24‑448; intercepts high‑grade core at the upper edge of the trend (exact grades not disclosed in release).
• 2025 Season Drilling: 56,131 m drilled across 86 holes; ~40% of meters targeted at Homestake Ridge for step‑outs and infill.
• Mineralization Extent: High‑grade core traced >300 m vertically and >1,000 m along plunge; deposit remains open both laterally and at depth.
• Directional Drilling: Utilized to precisely target step‑out/infill zones, improving intercept accuracy.
• Geological Insight: Shift toward gold‑rich vein breccias in the north‑plunging dilation zone; style comparable to Ascot’s idled Premier Gold Mine (45 km NW).
• Premier Mill Status: Care‑and‑maintenance since 25 Jun 2025; refurbished to 2,500 t/d capacity with new water treatment plant and 128‑bed camp.
• Strategic Outlook: Dolly Varden envisions a “hub‑and‑spoke” model using multiple Kitsault Valley deposits feeding the Premier Mill, enhancing economics via bulk underground mining (lower cut‑off grades, higher tonnage).
• Metal Price Context (Dec 2025): Gold ≈ CDN $5,870/oz (+60% YoY); Silver ≈ CDN $80/oz (+82% YoY), supporting favorable project economics.
• Qualified Person: Rob van Egmond, P.Geo., VP Exploration, reviewed and approved the technical information per NI 43‑101.

Notable Quotes

• “The expansion of the wide, high‑grade gold and silver mineralization in the Homestake Silver Deposit continues to demonstrate the continuity and robustness of the potentially bulk underground minable zone,” – Shawn Khunkhun, President & CEO.
• “Gold is becoming increasingly important to the economics of a potential future Dolly Varden mine… we’re keeping an eye on the idle Premier Mill as a processing hub,” – Rob van Egmond, VP Exploration.