Core Insights - Dolly Varden Silver Corporation reported a significant gold intercept from a step-out drill hole at the Homestake Silver deposit, with hole HR25-456 intersecting 3.34 g/t Au over 120 meters, including high-grade intervals of 216 g/t Au over 0.52 meters and 166 g/t Au over 1.3 meters [1][3][4] Drill Results - The drill hole HR25-456 is a 45-meter step-out from previous holes, confirming continuity and growth potential outside of current mineral resources [1][5] - Approximately 40% of the 2025 drill program, totaling 55,000 meters, is focused on expanding and infilling high-grade gold mineralization at the Homestake Silver Deposit [1][4] Geological Context - The Homestake Ridge deposits are characterized as structurally controlled, multi-phase epithermal vein stockwork and vein breccia systems hosted in Jurassic Hazelton volcanic rocks, with mineralization consisting of pyrite, galena, and sphalerite, along with visible gold [10][11] - Recent drilling indicates a shift towards a gold-rich system, with a shallow north plunging dilation zone defined by a wide mineralized interval and increased frequency of high-grade gold veins [11] Future Exploration - The ongoing drill program includes five diamond drills targeting high-grade gold mineralization and testing areas outside the current resource [4][5] - Additional results from various exploration targets, including the Wolf Vein silver mineralization extension and Big Bulk copper-gold porphyry system, will be reported as assays are received [4]

Core Viewpoint - Dolly Varden Silver has reported significant high-grade silver results from its Wolf Vein drilling, indicating strong mineralization and continuity, which may enhance the company's growth potential in the silver and gold markets [1][3][11]. Company Developments - Dolly Varden Silver announced a silver intersection of 1,422 g/t over 21.70 meters in drill hole DV25-446, with a peak of 10,700 g/t over 1.00 meter [1][2]. - The company has expanded its land package significantly, increasing from 7,000 hectares to 100,000 hectares, and its market capitalization has surged from $20 million to $460 million [13]. - The ongoing drilling campaign is estimated at 55,000 meters, with actual new core expected to be around 41,000 meters due to the use of directional drilling technology [8][9]. Exploration and Drilling Technology - Directional drilling technology is being utilized to enhance efficiency and precision in targeting mineralized areas at both the Wolf and Homestake Silver sites [7][9]. - The company has successfully implemented real-time data logging and communication through satellite internet, improving operational efficiency [5]. Market Context - The rising gold prices are positively impacting Dolly Varden's inventory value, with a current estimated 50/50 split between silver and gold [10][11]. - The silver price has recently surpassed USD 40 per troy ounce, influenced by the increase in gold prices, which may further benefit the company's valuation [11]. Future Outlook - Additional drilling at the Wolf Vein is prioritized for the remainder of the season, with expectations of continued high-grade results [3][14]. - The company is focusing on step-out and infill drilling at key projects, including the Kitsault Valley and Big Bulk Projects, with more results anticipated [14].

Core Viewpoint - Dolly Varden Silver has expanded its drilling program from 35,000 meters to 55,000 meters, reflecting strong shareholder support and a successful start to the exploration season, aimed at testing key targets and expanding the high-grade silver zone at the Wolf Vein [1][2]. Company Developments - The company has completed a year of aggressive drilling, growth, and acquisitions, increasing its land package from 7,000 hectares to 100,000 hectares, a 1,400% increase, and boosting its market capitalization from $20 million to $440 million, a 2,200% increase [3]. - Dolly Varden Silver has drilled 141,000 meters over five years, consistently hitting high-grade silver and gold [3]. - The company is strategically using its shares for acquisitions, preserving cash while acquiring assets from companies that are not in strong positions [4]. Drilling Strategy - The drilling will prioritize the Wolf vein extension, with systematic step-outs and infill drilling, while also testing multiple silver, gold, and copper targets at the Kitsault Valley and Big Bulk Projects [7][8]. - A fifth drill rig has been mobilized to enhance drilling efforts, and the company is employing directional drilling to reduce total meters drilled while maintaining the number of mineralized intercepts [11][12]. - The estimated 55,000 meters of drilling includes re-drilled mother hole lengths, with actual new core expected to be around 41,000 meters [12]. Geological Exploration - The company is intensifying geological fieldwork, including mapping and sampling of underexplored areas within its consolidated claim packages, which will help develop drill targets for future exploration programs in late 2025 and 2026 [15]. - The Big Bulk porphyry system is being drilled for the first time, with three drill holes planned to test a large resistivity and chargeability anomaly at depth [9].

Core Viewpoint - Dolly Varden Silver Corporation has expanded its 2025 drilling program from 35,000 meters to 55,000 meters, focusing on the Wolf vein extension and other exploration targets in the Kitsault Valley and Big Bulk Projects [1][2]. Drilling Program Expansion - The company has completed approximately 17,000 meters of drilling, prioritizing exploration targets at Moose, Chance, and Red Point Prospects [3]. - A fifth drill rig has been added to the project, with two rigs focused on the Wolf vein and two others at the Homestake Silver deposit [4]. Geological Work and Future Plans - The geological team has intensified fieldwork, including mapping and sampling of underexplored areas, covering a total of 100,000 hectares of prospective Hazelton formation rocks [5]. - This geological work aims to develop drill targets for late 2025 and 2026 exploration programs [5]. Drilling Strategy - The company is implementing a more precise drilling strategy by utilizing directional drilling, which allows for fewer total meters drilled while achieving the same number of mineralized intercepts [8]. - The estimated 55,000 meters includes re-drilled mother hole lengths, with actual new core expected to be around 41,000 meters [8]. Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden and Homestake Ridge Projects, located in British Columbia's Golden Triangle [10][11]. - The Kitsault Valley Project is considered prospective for hosting further precious metal deposits and includes the Big Bulk property, which is prospective for copper and gold mineralization [11].