Dolly Varden Silver Hits Gold Jackpot at Homestake, Deposit Expansion Likely
Dolly Varden Silver (TSX-V: DV, NYSE MKT: DVS, FSE: DVQ) has reported significant gold price intercepts from a step-out drill hole at the Homestake Silver deposit, located in the Golden Triangle region of British Columbia, Canada. The company's CEO, Shawn Khunkhun, has confirmed that these results indicate the deposit's growth beyond its current mineral resource estimate.
The drill hole, HR25-456, is a 45-meter step-out along strike from hole HR24-433 and 30 meters up dip from hole HR24-451. It intersected 3.34 g/t gold price over 120 meters, including high-grade intervals of 216 g/t gold price over 0.52 meters and 166 g/t gold price over 1.3 meters. These results suggest the presence of a high-grade gold price system that could be separate or overlapping with the high-grade silver mineralization.
Dolly Varden Silver is using directional drilling technology to precisely target areas for step-out and infill holes at Homestake Silver. Approximately 40% of the 2025 drill program was dedicated to expanding and infilling zones of high-grade gold price mineralization at this deposit. The deposit remains open for expansion, with gold price mineralization vectoring to the Homestake Main Deposit along strike to the north.
Dolly Varden Silver's metal inventory value is now roughly a 50/50 split between silver and gold price. The company recently announced a $30 million bought-deal financing to support its exploration activities. With these significant gold price intercepts, Dolly Varden Silver continues to demonstrate the potential of the Homestake Silver deposit and its growth prospects.
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