Dolly Varden Silver High-grade Gold Zone has Mineralisation Identical to the Idled Premier Gold Mine
(TheNewswire)
Vancouver, BC – TheNewswire - November 12,2025 – Global Stocks News - Sponsored content disseminated on behalfof Dolly Varden Silver. On November 10, 2025 Dolly Varden Silver(TSX-V: DV) (NYSE MKT: DVS) (FSE: DVQ) reported results from drilling that expand the high-grade goldzone within the Homestake Silver deposit.
Hole HR25-469 targeted a large open area at the Homestake SilverDeposit, intersecting 26.74 g/t Auover 14.75 meters , including 122 g/t Au over 2.85 meters within a broader mineralized zonegrading 12.13 g/t Au over 33.80meters .
HR25-464 intersected 9.22 g/t Au over 6.65 meters ,including 58.80 g/t Au over 0.95 meters from a separate,newly recognized stockwork zone.
* Intervalsshown are core length. Estimated true widths vary depending onintersection angles and range from 65% to 75% of core lengths. Furthermodelling of the new intersections is needed before true widths can beestimated.
Ten years ago, Dolly Varden was a “silver pureplay”. In the last few years, while expanding its silverinventory, the company has hit significant gold intercepts. DV’smetal value is now approximately a 50/50 split between silver andgold.
"This identification of wide, high-grade gold mineralizationrepresents a significant metallogenicbreakthrough at Homestake Ridge ; this style of mineralizationis identical to the idled, PremierGold Mine [owned by Ascot Resources] located 45km to thenorthwest,” stated Shawn Khunkhun, President and CEO of DollyVarden, in the November 10, 2025 press release.
The Premier Gold Mine has been on care and maintenance since June 25,2025. The mill has been refurbished and commissioned at a rate of2,500 tpd. A new water treatment plant has been built and operatingsince February 2024, and there is a 128-bed camp.
“In 2019, Dolly Varden’s technical advisor, Rob McLeod,consolidated IDM with Ascot,” Khunkhun told Guy Bennett, the CEO ofGlobal Stocks News (GSN). “Multiple members of my team worked forAscot. I was retained as a consultant for six months. Collectively,the Dolly Varden team has intimate knowledge of the project.”
“Ascot had an engineering plan that we felt was based on a flawedgeological model. The company spent $538 million in construction anddevelopment costs. If you don't have the feed for the mill,that's a problem. You have to let the geology guide the minedesign.”
“When Premier was the most profitable gold mine in North America, itwas operating at 400 tonnes per day. Why would you build a 2,500-tonneper day mill?”
“Five years ago, Ascot was valued about $400 million,” Khunkhuntold GSN. “At that time, Dolly Varden had a market cap of $20million. As the fortunes of Ascot and Dolly Varden reversed, numeroustimes I have been tempted to orchestrate a buyout. Ultimately, Ididn’t feel it was in the best interests of our shareholders tospend the next two years labouring in the capital-intensive part of The Lassonde Curve.”
Above : Drill core from hole HR25-469 of a sampleinterval grading 91 g/t Au over 0.63 meters compared to a slab withsimilar gold grade from the 320 level at Ascot Resources' PremierMine near Stewart, BC .
On October 23, 2025 Ascot Resources announced that it has entered intoan advisory services agreement with FioreManagement and Advisory Corporation to assist Ascot withrestructuring, refinancing and enhancing the leadership team of Ascot.
Andrée St-Germain, Chair of the Special Committee of Ascot, spokeabout the company’s “challenging financial situation” andconcluded that, “In this context, Fiore's proposal offered themost preferable outcome for all stakeholders.”
“Gold is becoming increasingly important to the economics of apotential future Dolly Varden mine in the Kitsault Valley,” Rob vanEgmond, VP of Exploration, told GSN.
“We’ve developed a number of high-grade underground systems in theKitsault Valley that would benefit from a 'hub and spoke'production scenario, where multiple deposits feed into one mill,”continued van Egmond. “The Premier Mill is already built andit's idle, so that is something we are keeping an eye on.”
Above : view of the idled Premier Mill, 45km tothe northwest of Homestake Silver.
A total of 56,131 meters were drilled in 86 drill holes in the 2025season by Dolly Varden, with approximately 40% of the meters drilledat Homestake Ridge focused on step-outs and local infill along the wider, high-grade gold plunge atHomestake Silver .
DV is using directional drilling technology to precisely target areasfor step-out and infill holes at Homestake Silver. Drill holesHR25-462, HR25-464 and HR25-469 were drilled individually from thesame pad, utilizing directional drilling to precisely intercept thetarget within the mineralized zone.
Recent drilling at Homestake Silver has defined wide mineralisationintervals with increased frequency of high-grade gold veins and veinbreccias, which shows a shift towards a gold-rich system towards thenorth. The deposit remains open along plunge and at depth.
“With gold selling for CDN $5,800/ounce,” van Egmond told GSN,“our team is encouraged to intersect 26.74 g/t gold over 14.76 meters at the Homestake SilverDeposit.”
“The involvement of the Fiore Group in the restructuring of AscotResources pushes the synergy with the Premier Mill into theforeground, while reinforcing our objective to consolidate thisdistrict of British Columbia,” van Egmond concluded.
Rob van Egmond, P.Geo., Vice-President Exploration for Dolly VardenSilver, the “Qualified Person” as defined by NI43-101, hasreviewed, validated and approved the scientific and technicalinformation 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
Full Disclaimer: Global Stocks News (GSN) researches and fact-checksdiligently, but we cannot ensure our publications are free from error.Investing in publicly traded stocks is speculative and carries a highdegree of risk. GSN makes no recommendation to purchase any individualstock. When compensation has been paid to GSN, the amount and natureof the compensation will be disclosed clearly. GSN publications maycontain forward-looking statements such as “project,”“anticipate,” “expect,” which are based on reasonableexpectations, but these statements are imperfect predictors of futureevents. When compensation has been paid to GSN, the amount and natureof the compensation will be disclosed clearly.
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