Dolly Varden Silver Intersects 26.74 g/t Gold over 14.76 meters, including 122 g/t Gold over 2.85 meters at Homestake Silver Deposit
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On November 10, 2025, Dolly Varden Silver released drill results from the Homestake Silver deposit at its Kitsault Valley Project. The highlight was drill hole HR25-469, which intersected a wide, high-grade gold zone of 26.74 g/t gold over 14.76 meters. This intercept included an even higher-grade core of 122 g/t gold over 2.85 meters.
Other reported holes, such as HR25-462 and HR25-464, intersected broader zones of lower-grade mineralization.
The President and CEO, Shawn Khunkhun, described the high-grade intercept as a "significant metallogenic breakthrough," stating the mineralization style is identical to the historically rich Premier Gold Mine, located 45km away. He noted the mineralization remains open for expansion. The company also disclosed an investor relations agreement with Epstein Research.
The drill results announced on November 10, 2025, are highly material and represent a potential game-changer for the Homestake Silver deposit and the company as a whole. This assessment is based on the progression of news over the past year.
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Q2 2025 - Consolidation & Growth: The year began with strategic moves to increase market visibility, including a 1-for-4 share consolidation (April) and an NYSE American listing. This was followed by a series of aggressive and strategic acquisitions in May, consolidating a district-scale land package of over 100,000 Ha by acquiring adjacent properties from Hecla Mining, Strikepoint Gold, and MTB Metals. This demonstrated a clear vision to become a dominant player in the Golden Triangle.
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Mid-2025 - Strong Financial Backing: In June, the company closed a significant $28.75 million financing, which included participation from renowned resource investor Eric Sprott. The financing was priced at $4.60 per common share. This strong backing fully funded an expanded drill program, which was increased in July from 35,000 meters to 55,000 meters, signaling management's confidence.
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Q3 2025 - Drilling Success & Narrative Shift: The expanded drill program began yielding exceptional results. In early September, the company reported spectacular high-grade silver at the Wolf Vein (1,422 g/t Ag over 21.70 m). This was followed in early October by an outstanding long intercept of gold at the Homestake Silver deposit (3.34 g/t Au over 120 m). These results began to shift the company's narrative from a pure silver play to a premier, dual-asset precious metals company. The market reacted strongly, driving the share price to a 52-week high of $7.46. This strength allowed the company to raise another $34 million in late October at a much higher price of $6.50 per common share, demonstrating robust investor demand.
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November 10, 2025 News in Context: The latest results are a powerful follow-up to the October discovery at Homestake Silver. While the October intercept was remarkable for its width, the November intercept is exceptional for its grade over a very mineable width (26.74 g/t over 14.76 m). This is not simply another good drill hole; the CEO's commentary frames it as a "metallogenic breakthrough" and draws a direct comparison to the Premier Gold Mine, one of the richest historic mines in the region. This materially enhances the economic potential of the Homestake deposit, suggesting it could be a significant high-grade gold system in its own right, complementing the high-grade silver system at Wolf Vein.
This news confirms and exceeds the positive expectations set by the October results. It provides strong validation for the company's exploration model and significantly de-risks the project's gold component.
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100%-owned Kitsault Valley Project, located in the Golden Triangle of British Columbia, Canada. Following a series of acquisitions in 2025, the project is now a district-scale land package of approximately 100,000 hectares. The project hosts multiple high-grade silver and gold deposits, including the Wolf Vein silver deposit and the Homestake Ridge area, which contains the Homestake Main and Homestake Silver gold-silver deposits. The company's strategy is to aggressively explore and expand the known resources with the goal of proving up a large, multi-deposit precious metals camp.