Dolly Varden Silver Intersects Gold And Silver At Homestake Ridge

VANCOUVER - Dolly Varden Silver Corporation reported on drilling at the Homestake Ridge property in BC's Golden Triangle. The objective of drilling during 2022 at the Homestake Main and Homestake Silver deposits was to expanded multiple, subparallel mineralized zones and to upgrade Inferred Resources.

Highlights include (intervals shown are core length): HR22-314: 4.27 g/t Au and 64 g/t Ag (5.10 g/t AuEq) over 16.06 meters including 18.76 g/t Au and 193 g/t Ag (21.49 g/t AuEq) over 3.08 meters; HR22-322: 6.47 g/t Au and 27 g/t Ag (5.83 g/t AuEq) over 6.00 meters; HR22-325: 7.18g/t Au and 30 g/t Ag, 0.49% Cu (8.26 g/t AuEq) over 10.00 meters including 20.20 g/t Au and 68 g/t Ag (21.13 g/t AuEq) over 1.47 meters; HR22-328: 27.44 g/t Au and 463 g/t Ag (33.34 g/t AuEq) over 9.16 meters including 0.50 meters 216.00 g/t Au and 113 g/t Ag, 0.48% Cu (218.06 AuEq) over 0.50 meters; HR22-330: 5.68 g/t Au and 147 g/t Ag (7.48 g/t AuEq) over 15.00 meters, including 54.10 g/t Au, 4,890 g/t Ag and 0.11% Cu (113.25 g/t AuEq) over 0.39 meters; HR22-337: 3.79 g/t Au and 2 g/t Ag (3.84 g/t AuEq*) over 21.00 meters including 11.15 g/t Au and 5.00 g/t Ag (11.22 AuEq) over 2.00 meters; and HR22-339: 14.56 g/t Au and 4.00 g/t Ag (14.63 g/t AuEq) over 2.50 meters.

"Our 2022 drill program has truly been exceptional. The recently acquired Homestake Ridge Deposit has delivered more high-grade gold and silver values, commonly with strong copper mineralization. These intercepts demonstrate strong continuity of mineralization over wide intervals, similar to the recently announced high-grade results at the Wolf and Kitsol Deposits, located six kilometers to the south. We eagerly anticipate additional assays from all of Dolly Varden's Deposits, as well as new exploration targets drilled during the 2022 program," said Shawn Khunkhun, President and CEO.

These results are primarily infill drilling from areas of Current Inferred Mineral Resources and suggest that the higher-grade gold-silver lenses may be continuous over more extensive areas than previously interpreted. In addition, the drilling has generated new targets down-dip the Homestake Main deposit along the projected plunge of the higher grade shoots that are wide open for expansion. Oriented core was used on all drill holes on the project and this detailed structural data is also being integrated in to the geological model to further increase confidence. Additional assays from the Homestake Main and Silver Deposits are pending.