Dolly Varden Silver High-grade Gold Zone has Mineralisation Identical to the Idled Premier Gold Mine

The most recent news, dated November 12, 2025, is a sponsored article highlighting the exceptional high-grade gold drill results previously announced on November 10, 2025. The release focuses on the intercept from hole HR25-469 at the Homestake Silver deposit, which returned 26.74 g/t gold over 14.75 meters within a broader zone of 12.13 g/t gold over 33.80 meters.

The company's CEO, Shawn Khunkhun, describes this as a "significant metallogenic breakthrough," stating that the style of mineralization is identical to the idled, high-grade Premier Gold Mine located 45km away. The VP of Exploration, Rob van Egmond, notes the potential synergies with the Premier Mill, owned by Ascot Resources, especially given the involvement of the Fiore Group in Ascot's restructuring. The release emphasizes that this discovery shifts the Homestake Silver deposit towards being a gold-rich system and that the deposit remains open for expansion.

The drill results announced on November 10 and highlighted again on November 12 are transformational for Dolly Varden Silver. While the November 12 release is promotional in nature, the underlying results from November 10 are of the highest quality and represent a potential company-making discovery. An intercept of 26.74 g/t gold over a true width estimated at ~10 meters is world-class and fundamentally alters the value proposition of the Homestake Ridge area.

Reviewing the company's progression over the past year demonstrates a clear and successful strategic execution: - Early 2025: The company began reporting strong gold results from Homestake Silver (e.g., 21.55 g/t Au over 8.72m in Feb 2025), hinting at the area's gold potential. It then consolidated its shares and secured a NYSE American listing in April, significantly increasing its profile and access to US capital markets. - Mid 2025: Dolly Varden aggressively consolidated its land package through a series of accretive, share-based acquisitions (Kinskuch from Hecla, Porter from Strikepoint, others from MTB), establishing itself as the dominant player in the district. This was followed by a large C$28.75 million financing in June, which notably included participation from renowned resource investor Eric Sprott. This funding allowed the company to expand its 2025 drill program from 35,000 to 55,000 meters in July. - Late 2025: The expanded drill program yielded spectacular results. In September, the company hit 1,422 g/t silver over 21.70 meters at the Wolf Vein, confirming the project's high-grade silver endowment. This was followed by more strong gold at Homestake in October (3.34 g/t Au over 120m), setting the stage for the November discovery. The company's exploration success allowed it to raise another C$34 million in October at progressively higher prices, leaving it exceptionally well-funded.

The latest results are the culmination of this strategy. They are not just an isolated high-grade hit; they occur within a wide mineralized envelope and are geologically compared to a major past-producing mine. This provides strong evidence for a significant, high-grade, gold-dominant mineralizing system at Homestake. This discovery materially de-risks the project and elevates the Homestake Ridge portion of Kitsault Valley to a tier-one exploration target. The market reacted positively, with the stock gapping up on the November 10 news, confirming the market's recognition of the discovery's importance.

Dolly Varden Silver Corp. is a Canadian mineral exploration company focused on advancing its 100%-owned Kitsault Valley Project, located in the Golden Triangle of British Columbia, Canada. The project is a district-scale consolidation of approximately 100,000 hectares, hosting five past-producing, high-grade silver and gold mines. The flagship project is comprised of two main parts: the original Dolly Varden silver property (including the Wolf and Torbrit deposits) and the Homestake Ridge gold-silver property (including the Homestake Main and Homestake Silver deposits). The company's strategy is to expand known resources and make new discoveries across this large and prospective land package.