Dolly Varden Silver’s 100% held, 163 sq. km. Kitsault Valley Project is located in the southern tip of the Golden Triangle of British Columbia, just south of the high-grade Brucejack and Eskay Creek gold mines. The project hosts a high-grade mineral resource of silver and gold and is considered prospective for hosting further precious metal deposits.

The Kitsault Valley Project was formed on February 25, 2022 as a result of Dolly Varden Silver Corp.’s acquisition of the adjacent Homestake Ridge project from Fury Gold Mines Ltd. The combined project consolidates the highly mineralized Kitsault Valley Trend along with seven precious metal deposits thereby transitioning the Company’s 100% silver project to a project with 50/50 silver and gold resources measured by value.

Dolly Varden comprises the 88 sq. km southern half of the Company’s 163 sq. km. It includes four known precious metal deposits: Wolf, North Star, Dolly Varden and Torbrit
The project is located adjacent to Helca Mining’s 594 sq. km. Kinskuch property, and includes infrastructure such as a 25km access road to deep water and electricity at the nearby town of Kitsault.

From summer 2017 - September 2022, Dolly Varden has seen in excess of 116,000 meters of drilling, with new discoveries made in the 100-year-old mining camp, as a result of modern exploration technologies, data reinterpretation and drilling.

Homestake Ridge comprises the 75 sq. km. northern half of the Company’s 163 sq. km. Kitsault Valley Project and features a high-grade gold and silver resource. It includes three known precious metal deposits: Homestake Main, Homestake Silver and South Reef.