Vancouver, BC – TheNewswire - July 28, 2025 – Global Stocks News - Sponsored content disseminated on behalf of Dolly Varden Silver. On July 24, 2025 Dolly Varden Silver (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) announced that it has increased the previously announced 35,000-meter drill program to 55,000 meters.

"With the strong support of our shareholders in the recently completed financing, Dolly Varden is well positioned to significantly expand its exploration drilling based on a strong start to the season, enabling us to test key exploration targets and continue expanding the high-grade silver zone at the Wolf Vein," states Shawn Khunkhun, president and CEO of Dolly Varden Silver.

The announcement of the drill program expansion caps a year of aggressive drilling, growth and acquisitions.

January 7, 2025 – DV Announces 20-meter Step-Out at the Wolf Vein Intersects 379 g/t Silver over 21.69 meters
February 3, 2025 – DV Announces Homestake Silver Step-out Intersects 21.55 g/t Au and 27 g/t Ag over 8.72m
April 15, 2025 – DV Announces Common Shares Have Been Approved for Listing on the NYSE
May 5, 2025 – DV Announces Agreement to Quadruple Tenure Area in the Golden Triangle by Acquiring Hecla Mining Company’s Adjacent Kinskuch Property
May 7, 2025 – DV Announces 2025 Exploration Program Focused on High-Grade Silver and Gold at Kitsault Valley
May 8, 2025 - DV Acquires High-Grade Silver Porter Project in Golden Triangle
May 23, 2025 - DV Announces Issuance of Common Shares for Acquisition of Porter Project
May 26, 2025 - DV Announces Closing of the Acquisition of Hecla’s Kinskuch Property
May 28, 2025 - DV Commences 2025 Drill Program with Four Drill Rigs at the Kitsault Valley Project
June 10, 2025 – DV Announces Full Exercise of Underwriters’ Option in Bought-Deal Financing for Total of $28.76 Million, With Participation by Eric Sprott
June 27, 2025 - Dolly Varden Silver Announces Issuance of Shares for MTB Metal Properties Purchase

“Our progress in 2025 is the culmination of five years hard work by our team,” Khunkhun told Guy Bennett, CEO of Global Stocks News (GSN). “In that time span, we've gone from two past-producing historical mines to five, we’ve drilled 141,000 meters with consistent high-grade silver and gold hits, our land package has gone from 7,000 hectares to 100,000 (+1,400%), and our market capitalisation has moved from $20 million to $440 million (+2,200%).

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“We are in a rising silver price environment, but there is still a disparity between commodity prices and the junior mining equities,” continued Khunkhun. “The companies we're acquiring assets from are not at their strongest positions, yet Dolly Varden Silver, on a relative basis, has currency. We're using our shares, preserving our cash.”

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Drilling will prioritize the Wolf vein extension, where DV continues to intersect mineralization on step outs and infill drilling, as well as testing multiple silver, gold and copper exploration targets at the Kitsault Valley and Big Bulk Projects.

This summer, DV has already completed 17,000 meters, testing priority exploration targets at the Moose, Chance and Red Point Prospects.

Additionally, DV is drilling systematic step-outs at the Wolf Vein. Alteration and structural studies suggest that vein mineralization at Wolf is becoming increasingly robust towards the southwest.

“We have added drilling meters at Wolf,” Rob van Egmond, VP of Exploration told GSN. “We’re going to continue to step out at Wolf, past what we had planned.  This is an important priority because we are continuing to hit as we move down. We have a bank of targets that we want to get to.”

A fifth drill rig has been mobilized to the Project.

July 2025 Drilling Summary:

• Two drills remain on Wolf vein directional drilling, testing down plunge and stepping out in search of the mid-valley structural intercept. 

• Two drills are currently at the Homestake Silver deposit after completing several exploration holes at Red Point, Chance and the Moose Vein. 

• One drill is turning at the Big Bulk copper-gold porphyry system located 10 kilometers east of the Torbrit silver deposit. 

The Big Bulk porphyry was discovered in the early 1900s. It is prospective for both copper-gold porphyry and skarn-style mineralization, analogous to nearby Red Mountain and KSM deposits.

In the Golden Triangle, porphyry systems can represent metallogenic feeders to high-grade vein systems.

“Metallogenic feeders’ is a technical phrase that means, ‘fluids that carry metal’”  van Egmond told GSN. “These feeders can be up to 10 kilometers away from the big porphyries.”

“This is the first time that Dolly Varden has drilled Big Bulk,” van Egmond continued. “We have three drill holes planned of 1,000 meters each. Big Bulk has never been drilled deeper than about 400 meters. Airborne geophysics revealed a large resistivity and chargeability anomaly at depth. We're going to test that target.”

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By shifting the focus from total meterage to strategically placed intercepts, Dolly Varden is executing a more precise and sustainable drilling strategy. The directional drilling has allowed DV to decrease total meters drilled by utilizing the same mother hole numerous times.

The 55,000 meters is estimated using the total length of each drill hole as if each hole started from surface. Since the total meterage estimate includes those “re-drilled” mother hole lengths actual meters of new core will be in the order of 41,000 meters, thus achieving the same number of mineralized intercepts while drilling significantly fewer meters at Wolf and Homestake Silver.

“Mining companies use directional drilling when they want to reduce the total number of drilled meters for a multi-target drilling program,” confirms DV drill contractor Aziwell. “It is highly efficient and precise.”

“At Big Bulk, we’re going to do a cut at about 600 meters,” van Egmond told GSN. “We take a little nick out of the side of the hole, then pull out and keep drilling. This is preparation for potential directional drilling at a later date. If we hit something deeper down, we can peel off at that cut point.

“If we decide we need denser spacing at Big Bulk, then the cut is there, saving us that first 600 meters of drilling,” stated van Egmond. “That cut can then become the next mother hole.”

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In addition to the drilling increase, DV is intensifying geological field work, including mapping and sampling of underexplored areas on the recently consolidated claim packages, now totalling 100,000 Ha of prospective Hazelton formation rocks. This work will develop drill targets for late 2025 and 2026 exploration programs.

Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101, has reviewed, validated and approved the scientific and technical information contained in this GSN release.

Disclaimer: Dolly Varden Silver paid GSN $1,750 for the research, creation and dissemination of this content.

Contact: guy.bennett@globalstocksnews.com

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