Dolly Varden Silver Intersects 4.66 g/t Gold over 48.49 Meters, Including 52.15 g/t Gold and 306 g/t Silver over 1.01 Meters at Homestake Silver Deposit
High-Grade Gold Hits at Homestake Bolster Resource Expansion as Dolly Varden Approaches Transformative Contango Merger
The most recent news release dated February 4, 2026, reports significant drilling results from the 2025 program at the Homestake Silver Deposit. Key intercepts include hole HR25-466, which returned 4.66 g/t gold over 48.49 meters, and HR25-470, which returned 5.25 g/t gold over 38.74 meters. These results represent a mix of infill and expansion drilling. Specifically, hole HR25-454 demonstrated a vertical down-dip extension of 405 meters below previous drilling, indicating the system remains open at depth and along its northern plunge. The program total reached 56,131 meters across 88 holes, confirming the continuity of a potentially bulk-mineable underground gold-silver system.
The impact is Material - Positive for three primary reasons: - Resource Validation: The width of the intercepts (38m to 48m) at grades well above typical underground mining cut-offs suggests significant potential for volume increases in future resource estimates. - Depth Extension: Testing and hitting mineralization 405 meters vertically below previous holes (HR25-454) is a major "de-risking" event for the long-term life of the mine. - Merger Synergy: These results directly support the "20-year plan" narrative used to justify the pending merger with Contango ORE. It confirms that the Kitsault Valley project is not just a collection of narrow veins but contains robust, high-grade zones that can support the production profile of a mid-tier company. - Comparison to History: Management previously highlighted a "metallogenic breakthrough" in late 2025, claiming Homestake was becoming more gold-rich to the north. Today's news confirms that projection with factual data, showing consistent gold-dominant high-grade zones.
Dolly Varden Silver is focused on the Kitsault Valley Project in the Golden Triangle of British Columbia. The project is a consolidation of the high-grade Dolly Varden silver mine and the Homestake Ridge gold-silver deposit. - Flagship: Kitsault Valley Project. - Stage: Advanced Exploration/Resource Development. - Ownership: 100% (subject to various royalties). - Strategic Goal: Transitioning from an explorer to a producer via the Contango ORE merger to utilize cash flow from the Manh Choh mine for BC development.