56,131m Drilled in BC Confirms High-Grade Silver‑Gold
On October 20, Jeff Clark of Paydirt Prospector also offered a positive assessment following Dolly Varden’s completion of its 2025 drill campaign. Clark noted that the company had drilled 56,131 meters across 84 holes, utilizing directional drilling methods to increase precision and efficiency. According to Clark, Dolly Varden reported confirmed resource expansion at both the Wolf and Homestake Silver deposits, with additional mineralization encountered at new exploration targets including the Big Bulk copper-gold porphyry. He wrote, “Given the size of the program, confirmed resource expansion language at Wolf and Homestake Silver, the efficiency gains from directional drilling, and assays pending, Dolly Varden remains a Buy.”
Clark pointed to management’s confidence in the project’s potential, citing CEO Shawn Khunkhun’s statement that high-grade results from the Wolf Vein led to a program expansion from 35,000 to 55,000 meters. “The team delivered safely and efficiently,” Khunkhun said, “and the work strengthens our conviction in growing Kitsault Valley’s high-grade silver and gold potential.”
In addition to the operational update, Clark referenced Dolly Varden’s engagement with Orbiton Capital for a 24-month digital marketing agreement valued at US$100,000. He noted that while Orbiton does not currently hold a direct interest in the company, a shareholder of the firm owns 20,000 stock options from an unrelated agreement.
Clark reported that Dolly Varden’s share price had increased 6.5% in the U.S. on the day of his writing and was up 75% over the past six months. He also cited a revised CA$11.25 target price issued by Haywood Securities, which he stated would represent a 75% upside from the current price of CA$6.40. “For our readers keeping a scorecard,” he wrote, “the setup is straightforward: a large-scale drill program completed, resource expansion at two cornerstone deposits, and a queue of assays that will determine how well those meters translate to the model.” Clark disclosed a long position in Dolly Varden and confirmed he had not taken profits.
Source: https://www.streetwisereports.com/article/2025/10/21/56-131m-drilled-in-bc-confirms-high-grade-silver-8209-gold.html
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