(TheNewswire)

Vancouver, BC – August 15, 2024 – TheNewswire – Global Stocks News – Sponsored content disseminated on behalf of Dolly Varden Silver. On August 12, 2024 Dolly Varden Silver (TSXV:DV) (OTC:DOLLF) announced the first results from the Wolf Vein step-out directional drilling.

Dolly Varden Silver is advancing its 100% held Kitsault Valley Project, located in the Golden Triangle of British Columbia, Canada. The 163 sq. km. project hosts high-grade silver and gold resources. The recently consolidated Big Bulk project 5 km to the east is prospective for porphyry and skarn style copper and gold mineralization.

The 40-meter southwest Wolf Vein step-out intersected 1,091 g/t silver over 9.38 meters, with significant base metal grades. (intervals shown are core length, true width is estimates to be 60 to70%).

“Step-out holes are higher risk and higher reward than infill drilling,& Rob van Egmond, P.Geo., VP Exploration for Dolly Varden Silver explained to Guy Bennett, the CEO of Global Stocks News (GSN). “There is a possibility that a step-out hole will be dead, which cuts off your speculation.&

“The upside with a step-out hole is that it may reveal something new,& van Egmond continued. “In this case, we are exploring a mineralised plunge that is returning high grade results, and appears to be getting wider, as we go deeper.&

“We are seeing significant native silver in the core. Metallurgically speaking, that makes it easier to extract the silver from the rock.&

Figure 1 below: Plan of Wolf Vein mineralized zone (in red) with all drilling to date. Lithology shown on drill trace - grey: sedimentary rock, green: volcanic rock, pink/red: mineralization.

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Dolly Varden Silver is using directional drilling technology to precisely target areas for step-out and infill work.

“Directional drilling allows you to position the drill bit exactly where you want it to be, without re-drilling hundreds of meters from the surface,& van Egmond told GSN. “It&s an ideal technique for us to explore the Wolf Vein.&

Drillhole DV24-404 is the initial "mother" hole on a step-out collared at surface from which three additional “daughter& holes were directed off at depths near the base of the sedimentary cap (DV24-409, 412 and 414).

This animated video by Horizontal Technology gives a technical overview of directional drilling.

“A skilled driller can direct the course of the drill bit along a pre-planned path over great distances,& reports Horizontal Technology.

For the current program, DV Silver has contracted Omineca Diamond Drilling, based in Burns Lake. Omineca&s drill rigs can be converted to heli-portable fly configurations required in remote locations.

“To drill efficiently in the Kitsault Valley, you need good contractors,& confirmed van Egmond. “If there&s a drill rig malfunction, the repair parts are probably already in camp. If they need to be ordered, Omineca delivers them to site within eight hours.&

“In a drill camp, downtime destroys budgets,& said van Egmond. “Omineca, along with other remote logistical support, is helping us achieve our drilling quotas.&

On August 1, 2024 Khunkhun spoke to Shae Russell about Dolly Varden.

“If you can make discoveries, that is where I see value creation,& Khunkhun told Russell.&

“Along with size, we believe we may have the quality and the grade,& Khunkhun told GSN. “The August 12, 2024 Wolf Vein drill results advance our company objectives.&

DV&s precious metal inventory has increased 300% in the last four years through acquisition. Exploration drilling done after 2019 will be added in on the next property wide mineral resource estimate

Key Highlights of 2024 Drilling Program:

• Three drill rigs mobilised

• Initial 25,000 meters diamond drilling planned

• Focus on Homestake Silver and Wolf Deposits

• Follow up on new discoveries

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“Exploration drilling is important for Dolly Varden,& van Egmond told GSN. “We see growth potential on the property. There's a lot of unexplored areas, and surface showings that deserve attention. The allocation of this summer&s exploration meters includes four or five targets.&

“Dolly Varden is trading at about $1.80 an ounce in the ground,& KhunKhun told GSN. “The average company trades about $4 an ounce in the ground. If our exploration program continues to hit high-grade silver as we have at the Wolf Vein, there is a likelihood that we are going to be revalued.&

The directional drilling steered the holes to intersect the Wolf Vein at specific points that were a minimum of 30 meters apart. Assays are pending for the three "daughter" holes.

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 CND $1,500 for the research, creation and dissemination of this content.

Contact: guy.bennett@globalstocksnews.com

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