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Dolly varden Silver Energy Junior Mining Project Generators

Dolly Varden Intersects 50.2 Meters of 414 g/t Silver in Step-Out Drilling at Kitsol Vein

Vancouver, British Columbia–(Newsfile Corp. – August 10, 2022) – Vancouver, BC: Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce significant results from drilling at the Kitsol Vein located near the historic Torbrit Mine on the Company’s Property in northwest BC.

Highlights from drill hole DV22-283 include:

  • 50.18m (~30.0m true width) averaging 414 g/t Ag
  • Including 7.15m (4.29m true width) averaging 646 g/t Ag
  • Including 11.74m (7.04m true width) averaging 658 g/t Ag
  • Including 5.34m (3.20m true width) averaging 801 g/t Ag

Drill hole DV22-283 is a 25m step-out along strike and down dip of high grade silver mineralization zone within the Kitsol Vein and suggests that thickness and grade of the Kitsol Vein is increasing at depth. Within the mineralized interval, three 0.50m long samples assayed 2,910 g/t Ag2,390 g/t Ag and 2,500 g/t respectively. The Kitsol Structure is a vein-hosted, high-grade silver system located immediately west of the Torbrit Mineral Resource and historic mine. Mineralization consists of multiple, overlapping epithermal vein and brecciation events along a northeast striking, steep westerly dipping zone. Silver mineralization includes native silver, pyrargyrite, tennantite, argentite and argentiferous galena hosted in highly siliceous breccias and veins.

“As one of the widest and highest grade drill holes on the Dolly Varden Property, we will be prioritizing additional step out drilling at the Kitsol Vein area. We are targeting potentially underground bulk-mineable mineralization and this certainly meets our criteria. In addition to the ongoing drilling at priority exploration targets including the Wolf Mine and at Homestake Ridge, we are thrilled with these results and look forward to receiving additional assays soon,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.

Complete results from drill hole DV22-283 are as follows:

TargetHole IDFrom (m)To (m)Core Length (m)True width (m)Ag (g/t)Pb (%)Zn (%)Au (g/t)
Kitsol VeinDV22-283181.32231.5050.1830.114140.180.190.07
Includes:
Zone 1DV22-283189.11196.267.154.296340.470.310.11
includingDV22-283191.00193.752.751.6511210.660.370.21
includingDV22-283191.00191.500.500.3029102.811.320.54
includingDV22-283193.25193.750.500.3023900.120.140.42
Zone 2DV22-283207.00218.7411.747.046580.210.140.07
includingDV22-283211.00217.906.904.148490.200.160.10
includingDV22-283212.70215.042.341.4012450.220.110.23
includingDV22-283212.70213.200.500.3025000.030.080.23
Zone 3DV22-283223.02228.365.343.208010.070.220.02


 
Photo showing Native Silver mineralization from Kitsol drill hole DV22-283
 
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Photo showing siliceous breccia and epithermal vein mineralization from Kitsol drill hole DV22-283
 
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Long Section of the Kitsol Vein showing the location of DV22-283 relative to the 2019 Mineral Resource block model
 
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Isometric view of drill hole DV22-283 relative to the Kitsol 2019 Mineral Resource estimate solid
 
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2022 Kitsault Valley Drill Program

The Company is currently utilizing three diamond drill rigs with 99 drill holes planned in the Phase I program. To-date, over 18,000m of drilling has been completed. Resource upgrade and expansion drilling is underway at the Homestake Ridge Main Gold zone with two drills, with one drill continuing exploration and resource expansion drilling at the silver-rich Torbrit area and at the Wolf Deposit.

Concurrent with the diamond drilling, geological and geophysical work along the Kitsault Valley trend is ongoing to help refine targets for exploration drilling in the latter part of the summer.

The Kitsault Valley Project combined current mineral resource contains 34.7 million ounces of silver and 166 thousand ounces of gold in the Indicated category and 29.3 million ounces of silver and 817 thousand ounces of gold in the Inferred category within a 163 square km consolidated land package.

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed and a 500 gram split is pulverized to minus 200mesh. Multi-element analyses were determined by Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.

Qualified Person

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 news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective 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 release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which 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. Forward looking statements or information in this release relates to, among other things, completion of the Offering, TSX Venture Exchange approval of the Offering, the use of proceeds with respect to the Offerings, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the 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 to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133309

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Dolly varden Silver Junior Mining Precious Metals

(VIDEO) Dolly Varden Silver Appoints Robert Van Egmond as Vice-President Exploration and 2022 Exploration Update

Dolly Varden Silver, Proven and Probable

Vancouver, British Columbia–(Newsfile Corp. – July 13, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce that Rob van Egmond, P.Geo has been appointed Vice President of Exploration and to give an update on ongoing drilling work at the Kitsault Valley Project, located near tidewater in northwestern British Columbia.

To-date, three drills have cored over 7,700 meters in 27 holes of the planned 30,000 meter program in 99 holes. Initial work has focussed on stepping out from wide, high grade silver intercepts, particularly at the Kitsol Vein and Wolf Mine. Based on visual indicators of mineralization and veining, drills have continued to step-out in these areas, with the deepest hole at Wolf extended to 720 meters long and 400 meters at Kitsol at the Torbrit Deposit. Assays are pending for this drilling, however lab turnaround times are expected to be much improved during the 2022 season.

First, we are excited to promote Rob Van Egmond to Vice-President Exploration as an officer and leader of the Company, as we accelerate our new phase of growth for Dolly Varden Silver,” says Shawn Khunkhun, President and CEO. “Second, we are very encouraged with our initial drilling in multiple areas on the Property. Our focus is primarily resource expansion and discovery at our silver-rich targets at the south end of the Kitsault Valley trend and are now commencing resource upgrade drilling and regional exploration at our recently acquired gold and silver-rich Homestake Ridge targets in the north.”

Rob Van Egmond, VP Exploration

Over the past two years, Dolly Varden Silver has expanded its technical team to support exploration and potential future development its Kitsault Valley Project as well as ongoing Corporate Development work. As a leader in these efforts, Rob van Egmond has been appointed Vice President of Exploration. Rob brings extensive exploration experience from generative, grass-roots to advanced Project development, mine site exploration and production. He was part of the Team with Platinum Group Metals that discovered and defined the massive Waterburg Platinum-Palladium deposit within the previously unknown northern extension of the Bushveld complex in South Africa. As Candente Copper’s Country Manager for Peru, he led the exploration and resource definition work that defined the multi-billion tonne Canariaco copper porphyry deposit, from initial drilling to the Pre-Feasibility Studies. Additionally, he has extensive experience in Canada’s north, including diamond exploration and resource development for BHP at the Ekati Mine and for Kennecott/Aber JV at the Diavik Mine. While with BHP, Rob also worked as an open-pit mine geologist at the Island Copper Operation in B.C. and as an Exploration Geologist in the Hope Bay greenstone gold belt in Nunavut.

Rob started his exploration career in the Golden Triangle for Cominco and returned as Chief Geologist for the Dolly Varden Project in 2017.

Exploration Update

The 2022 exploration program is balanced between Mineral Resource expansion and upgrading at five of the deposits that comprise the Kitsault Valley Project and exploration work focusing on the discovery of new silver and gold deposits. The objective of infill drilling is to convert Inferred mineral resource to the Measured and Indicated category with infill, with an emphasis on Inferred Resources at the recently acquired Homestake Ridge Area. Step out drilling is being performed at most resource areas, with an early emphasis during the 2022 season at the Torbrit/Kitsol/North Star deposits and Mineral Resources at the historic Wolf Mine. Stepout drilling is also planned later in the Season at Homestake Ridge and Homestake Silver deposits. Late winter snowpacks have delayed the start of drilling at the latter, with initial drilling expected this week. Drill productivity and core recovery have been excellent during the first five weeks of exploration on the Property.

Over half of this season’s exploration work is allocated to discover of new deposits, primarily silver-rich systems but also gold and copper targets. The Kitsault Valley Project currently contains 34.7 million ounces of silver and 166 thousand ounces of gold in the Indicated category and 29.3 million ounces of silver and 817 thousand ounces of gold in the Inferred category within a 163 square km consolidated land package. There are numerous new exploration targets located in the 5.4 kilometer long corridor between the Homestake Ridge and Dolly Varden deposits that are currently being explored, with one drill currently targeting these areas. Ongoing surface geology by the Company’s strong technical team and geophysical exploration will be used to generate and vector into drill targets. Currently, 20 exploration targets have been identified, eight of which are considered highest priority. Ground Induced-Polarity (“IP”) geophysical surveys will be commencing shortly on the Kitsault Valley Project.

In addition to drilling and surface exploration, Camp expansion and infrastructure upgrades have been completed in Alice Arm, BC as well as upgrades and repairs to the road bed and right of way that extends north to from tidewater to the Torbrit Mine.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to the Pacific ocean. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

QP Statement

Rob Van Egmond, P.Geo., Vice President Exploration for the Company and a Qualified Person, as defined by NI 43-101, has reviewed and approved the scientific and technical content of this release.

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which 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. Forward-looking statements or information in this release relates to, among other things, completion of the Offering, TSX Venture Exchange approval of the Offering, the use of proceeds with respect to the Offerings, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the 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 to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130686

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Dolly varden Silver Exclusive Interviews Irving Resources Junior Mining Labrador Gold Lion One Metals Miles Franklin Precious Metals Providence Gold Roo Gold

(VIDEO) Bob Moriarty – Bitcoin, Water Drought, Junior Mining Stocks

Whoa! Joining us for an action packed interview is the legendary Bob Moriarty the founder of http://www.321gold.com/, as we will cover a lot of ground in this interview! Topics ranging from Market Conditions, Bitcoin, the Colorado River, Junior Mining Companies, and Precious Metals. This is an absolute must watch!

Lion One Metals: https://liononemetals.com/

Irving Resources: https://irvresources.com/

Labrador Gold: https://labradorgold.com/
Interview: https://provenandprobable.com/labrador-gold-discovers-54-17-gpt-at-big-vein-on-kingsway-gold-project/

Roogold: https://roogoldinc.com/
Interview: https://provenandprobable.com/roogold-positioned-to-be-the-next-dominant-player-in-the-new-south-whales/

Dolly Varden Silver: https://www.dollyvardensilver.com/
Interview: https://provenandprobable.com/dolly-varden-silver-3-rigs-30000-meter-drill-program-on-the-kitsault-valley-project/

Provenance Gold: https://www.provenancegold.com/
Interview: https://provenandprobable.com/provenance-gold-has-2-gold-projects-that-offer-a-tremendous-opportunity-for-savvy-gold-investors/

Eloro Resources: https://elororesources.com/

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Dolly varden Silver Exclusive Interviews Junior Mining Precious Metals

(VIDEO) Dolly Varden Silver | 3 Rigs, 30,000 Meter Drill Program on the Kitsault Valley Project

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project located in the Golden Triangle of British Columbia, Canada, 25kms by road to deep tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines.

It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Dolly Varden Silver Corp: (TSX.V: DV | OTCQX: DOLLF)
Website: https://www.dollyvardensilver.com/
Corporate Presentation: https://bit.ly/3atGLuq
Email: info@dollyvardensilver.com
Phone: 604-602-1440

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Base Metals Breaking Dolly varden Silver Energy Junior Mining Precious Metals

Dolly Varden: Located in a Historic Mining District

Source: https://b-tv.com/dolly-varden-located-in-a-historic-mining-district-btv-episode/

https://b-tv.com/dolly-varden-located-in-a-historic-mining-district-btv-episode/

Advancing one of the largest high-grade, undeveloped precious metal assets in BC’s Golden Triangle

Dolly Varden is a silver and gold exploration company focused on advancing it’s 100% held Kitsault Valley Project located in the southern tip of BC’s Golden Triangle. The project was formed by combining the Dolly Varden and Homestake Ridge projects on February 25, 2022.

Dolly Varden Resource:

The Dolly Varden comprises the 88 sq. km southern half of the Company’s 163 sq. km. Kitsault Valley project located in the Golden Triangle of Northwest British Columbia. It features a high-grade 100% silver resource. It includes four known precious metal deposits: Wolf, North Star, Dolly Varden and Torbrit.

Homestake Ridge Resources:

Homestake Ridge comprises the 75 sq. km. northern half of the Company’s 163 sq. km. Kitsault Valley project located in the Golden Triangle of Northwest British Columbia and features a high-grade gold and silver resource. It includes three known precious metal deposits: Homestake Main, Homestake Silver and South Reef. More than 90,000 metres in 275 holes have been drilled at Homestake Ridge forming a resource of high-grade gold and silver (along with copper and lead).

For more information on Dolly Varden Silver Corp. (TSX.V: DV, OTCQX: DOLLF) please click the request investor info button.

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Dolly varden Silver Energy Junior Mining Precious Metals

Dolly Varden Silver Mobilizes Three Drill Rigs to Commence an Initial 30,000 Meters of Resource Expansion, Upgrade and Exploration Drilling

VANCOUVER, BC, May 17, 2022 /PRNewswire/ – Dolly Varden Silver Corporation (TSXV: DV) (OTC: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce the initiation of field activities on its Kitsault Valley Project, located near tidewater in northwest British Columbia. Objectives of the 2022 Program include: upgrade current Inferred Mineral Resources to Measured and Indicated classification, expand known deposits and to discover new silver and gold mineralization along the Kitsault Valley trend of multiple deposits and historic mines.

Shawn Khunkhun, President and CEO comments, “With a robust $25 million treasury, a discovery-focused technical team and a target-rich environment, 2022 is setting up to be an historic year for Dolly Varden Silver. With strategic and technical input from our supportive corporate shareholder: Hecla Mining, it is our goal to make new silver and gold discoveries as well as to dramatically grow and upgrade resource at our current deposits, setting the Company up to be the next development Project in the Golden Triangle.”

Three diamond drill rigs are being mobilized by barge to the village of Alice Arm to complete an initial 99 drill holes Program totaling 30,000 meters along the Kitsault Valley Trend. Camp expansion and infrastructure upgrades are underway to accommodate our expanded exploration team, with a significant contingent of team members of the Nisga’a Nation.

Dolly Varden’s Kitsault Valley Project currently hosts Indicated Resources of 34.7 million ounces of silver and 166 thousand ounces of gold with additional Inferred Resources of 29.3 million ounces of silver and 817 thousand ounces of gold within multiple outcropping deposits in the 163 square kilometer Property. Resource upgrade and expansion drilling will begin at the Torbrit silver deposit, initially targeting step-outs at the Wolf Mine and between the Torbrit and North Star silver Deposits.

In late spring, drilling will commence at the Homestake Main and Homestake Silver deposits with the purpose of expanding mineralization along strike and down-dip as well upgrading current Inferred Resources.

Through integration of excellent detailed geological mapping integrated with innovative geochemical, geophysical and remote sensing methods, Dolly Varden’s strong technical team has identified new greenfield target areas along the Kitsault Valley trend. Additional surface mapping and sampling coupled with IP geophysical surveys will help refine drill targets to be tested during the 2022 Program. Twenty exploration targets have been initially identified, eight of which have been classified as Priority 1.

Figure 1 recently consolidated Kitsault Valley Project with Exploration potential between known deposits (CNW Group/Dolly Varden Silver Corp.)
Figure 1 recently consolidated Kitsault Valley Project with Exploration potential between known deposits (CNW Group/Dolly Varden Silver Corp.)
Figure 2 Homestake Ridge Deposits long section with infill and resource expansion project pierce points (CNW Group/Dolly Varden Silver Corp.)
Figure 2 Homestake Ridge Deposits long section with infill and resource expansion project pierce points (CNW Group/Dolly Varden Silver Corp.)

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective 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 release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which 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. Forward looking statements or information in this release relates to, among other things, completion of the Offering, TSX Venture Exchange approval of the Offering, the use of proceeds with respect to the Offerings, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the 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 to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

Cision
Cision

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SOURCE Dolly Varden Silver Corp.

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Dolly varden Silver Junior Mining

Dolly Varden Silver Announces Shareholder Approval of Previously Announced Acquisition of Homestake Resource Corporation at Special Meeting

VANCOUVER, BC, Feb. 22, 2022 /PRNewswire/ – Dolly Varden Silver Corporation (“Dolly Varden” or the “Company“) (TSXV: DV) (OTC: DOLLF), is pleased to announce that the Company’s shareholders have approved (i) the previously announced acquisition of Homestake Resource Corporation (“Homestake“) from Fury Gold Mines Limited (“Fury“) (TSX: FURY) (NYSE American: FURY) (the “Transaction“) and (ii) the resultant creation of a new “control person” of the Company, being Fury, upon completion of the Transaction, at a special meeting of Shareholders held today (the “Meeting“).

At the Meeting, the special resolution approving the Transaction and the creation of a new “control person” was approved by 98.8% the votes cast by Dolly Varden shareholders.

CEO, Shawn Khunkhun remarked “On behalf of the Board of Directors and Management, I would like to extend my gratitude to shareholders for supporting this accretive acquisition and the unification of the Kitsault Valley mineral deposit trend. With investors support, we have now positioned the company as creating one of the largest high-grade, undeveloped precious metals assets in BC’s Golden Triangle.”

Completion of the Transaction remains subject to a number of customary closing conditions, including the final approval of the TSX Venture Exchange (the “TSXV“). Assuming that all conditions to closing of the Transaction are satisfied or waived, the Transaction is expected to be completed on or about February 25, 2022.

Additional information regarding the terms of the Transaction, including a summary of the terms and conditions of the purchase agreement with respect to the Transaction, is set out in the information circular of Dolly Varden dated January 21, 2022, which is filed under Dolly Varden’s SEDAR profile at www.sedar.com.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. The Dolly Varden Project consists of the namesake Dolly Varden silver property that hosts a unique pure silver mineral resource as well as the nearby Big Bulk copper-gold porphyry property. The Dolly Varden Project is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other high-grade deposits (Eskay Creek, Brucejack). Dolly Varden has recently entered into an agreement with Fury to acquire the Homestake Ridge Project adjacent to the current Dolly Varden property to consolidate the Kitsault Valley Gold-Silver mineralization trend into one large, high-grade precious metals project with further exploration upside potential. The Big Bulk property is prospective 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 release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential” and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which 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. Forward looking statements or information relates to, among other things, completion of the Transaction, TSXV approval of the Transaction and the expected closing date of the Transaction. These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of Dolly Varden and Fury to satisfy customary closing conditions to the Transaction and the timely approval of the Transaction by the TSXV, but given the 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 to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A”), which is available on SEDAR at www.sedar.com. The risk factors identified in the MD&A are not intended to represent a complete list of factors that could affect the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE Dolly Varden Silver Corp.