Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) (the “Company” or “Dolly Varden”) announces the completion of the 2025 diamond drill program at the 100% owned Kitsault Valley Project totaling 56,131 meters in 84 drill holes. The program has confirmed resource expansion through step-out and infill drilling at the Wolf and Homestake silver deposits, as well as new mineralization at numerous exploration targets in the Kitsault Valley and Big Bulk copper-gold porphyry project.
“High-grade, early season broad silver results from the Wolf Vein supported the expansion of the 2025 drill program from 35,000 meters to 55,000 meters in the Kitsault Valley with successful step-outs and exciting new mineralized zones that give us a clear view of the next set of priorities. The team has delivered safely and efficiently and the work reinforces our belief in growing the high-grade silver and gold potential of Kitsault Valley. With Fieldwork and Nuclear Once logging is complete, expect a steady series of updates as we integrate and release assays,” said Shawn Khunkhun, President & CEO.
The 2025 drill program split approximately 60% on the Dolly Varden property and 40% on the Homestake Ridge property. The company uses directional drilling technology to accurately determine the areas for exit and fill holes in both the Wolf and Homestake Silver deposits. Using the same parent hole to drill multiple cross-sections of the target mineralized zone into numerous daughter holes has increased efficiency and accuracy over previous drilling.
Marketing service provider engaged
Dolly Varden Silver has entered into a Marketing Services Agreement (the “Agreement“) with Orbiton Capital Corp. (”track”) to provide strategic consulting, digital media and marketing services to the company. Orbiton, a San Francisco-based company, will provide strategic consulting, media buying and distribution and marketing services through online media placements for the company, including but not limited to newsletters. Under the terms of the Agreement, Orbiton will receive $100,000 USD upfront for a 24-month term, renewable at the Company’s discretion.
Orbiton’s corporate address is 100 Pine St, San Francisco CA 94111 USA. Orbiton is an independent party to the company. Orbiton currently has no direct interest in the Company or its securities, nor any right or intention to acquire any such interest. However, Orbiton may in the future acquire an interest in the Company’s securities. In addition, a shareholder of Orbiton personally owns 20,000 stock options of the Company, received pursuant to an unrelated advisory agreement and in accordance with the Company’s stock option plan, which entitles such individual to acquire 20,000 shares of the Company’s common stock at a price of $4 per share. No performance factors are included in the Agreement and no stock options or other compensation is granted to Orbiton under the Agreement.
Qualified person
Rob van Egmond, P.Geo., Vice President Exploration for Dolly Varden, the “Qualified Person” as defined by NI 43-101, has reviewed and approved the scientific and technical information contained in this press release. Rob van Egmond, P.Geo. is not independent of the Company in accordance with NI 43-101.
About Dolly Varden Silver Corporation
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% owned Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project), located in the Golden Triangle of British Columbia, Canada, 25 km by road to tidal waters. Including the Kitsault Valley Project, the company has consolidated approximately 100,000 acres of prospective properties in the Golden Triangle, with five historic mines producing high-grade silver mines, including the historic Dolly Varden, Torbrit, Porter Idaho, Mountain Boy and Esperanza mines. The 163 square kilometers. Kitsault Valley Project is home to the high-grade silver and gold resources of Dolly Varden and Homestake Ridge, along with the former production of Dolly Varden and Torbrit silver mines. It is believed to have the potential to host even more precious metal deposits, as it is located on the same structural and stratigraphic belt as numerous other trendy, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also includes the Big Bulk property which offers potential for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris).
Forward-Looking Statements
This press release may contain forward-looking statements or forward-looking information under applicable securities laws that may not be based on historical fact, including but not limited to statements containing the words “believe,” “may,” “plan,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “potential,” “prospective” and similar expressions. Such forward-looking statements contained in this press release include the exploration information and include the term of the Agreement and any extensions thereof and the proposed benefits of or services to be provided under the Agreement. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dolly Varden to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to risks associated with the speculative nature of mineral exploration and development; the company anticipates significant future capital expenditures in connection with the exploration and development of its assets and there can be no assurance that debt or equity financing will be available; inherent competition in mining; risks relate to the volatility of mineral prices; risks inherent in the estimation of mineral resources; environmental risks associated with the exploration and development of mineral properties; the company is dependent on key personnel; risks associated with working in remote areas; risks associated with maintaining positive community relations; and the other risks listed in the company’s annual information form (“AIF“) dated April 30, 2025 for the year ended December 31, 2024, available on SEDAR+ at www.sedarplus.ca and in the company’s registration statement Form 40-F as filed with the U.S. Securities and Exchange Commission, which is available on EDGAR at www.sec.gov. The risk factors identified in the Company’s public filings are not intended to be an exhaustive list of factors that may affect the Company. Forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the Company’s ability to meet listing and registration requirements, and to successfully pursue its current development plans, that future sources of financing will be available to the Company, that relevant commodity prices will remain at levels economically feasible for the Company and that the Company will receive relevant permits in a timely manner to enable its operations but given the circumstances, uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update or publicly announce any such statements, events or developments, except as required by law.
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