New Found Gold Corp. press release

Dolly Varden Silver's Step-Out Drilling at Homestake Ridge Discovers New, High-Grade Gold Zone: 79.49 g/t Au over 12.45m, including 1,335 g/t Au over 0.68m

2024-02-12

TSX - Toronto Stock Exchange · Drill Results

Vancouver, British Columbia--(Newsfile Corp. - February 12, 2024) - Dolly Varden Silver Corporation (TSXV: DV) (OTC: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce 2023 step-out drilling at the Homestake Ridge property intersected a new gold-rich zone, to the northwest from the Homestake Silver Deposit.

Highlights of Homestake Silver step-outs to the northwest include: (intervals shown are core length)

HR23-389: 79.49 g/t Au and 60 g/t Ag (80.21 g/t AuEq*) over 12.45metersincluding 1,335 g/t Au* and 781 g/t Ag (1,344.42 g/t AuEq*) over 0.68 meterswithin a broad mineralized zone grading 15.26 g/t Au and 20.05 g/t Ag (15.50 g/t AuEq*) over 66.50 meters.

HR23-399: 43.10 g/t Au and 66 g/t Ag (43.90 g/t AuEq*) over 1.01 metersand 40.33 g/t Au and 418 g/t Ag (45.37 g/t Au Eq) over 1.75 meters within a broad mineralized zone grading 2.68 g/t Au and 20 g/t Ag (2.92 g/t AuEq*) over 57.70 meters.

HR23-410: 10.17 g/t Au over 6.61 meters including 50.70 g/t Au over 0.62 meters.

Highlights from Homestake Main infill drilling below high-grade plunge include: (intervals shown are core length)

HR23-374:22.60 g/t Au over 0.67 meters, 18.75 g/t Au over 2.00 metersand 10.15 g/t Au over 1.00 meterin separate vein breccias included in a wider mineralized envelope grading 1.22 g/t Au and 1.90 g/t Ag (1.24 g/t AuEq*) over 83.51 meters.

HR23-386: 18.14 g/t Au and 30 g/t Ag (18.51 g/t AuEq*) over 2.50 metersincluding 69.9 g/t Au and 42 g/t Ag (70.41 g/t AuEq*) over 0.50 meters.

HR23-390: 129.00 g/t Au and 218 g/t Ag (131.63 g/t AuEq*) over 0.50 metersin a vein breccia included in a wider mineralized envelope grading 1.92 g/t Au and 3.58 g/t Ag (1.96 g/t AuEq*) over 50.30 meters.

*AuEq and AgEq are calculated using $US1650/oz Au, $US20/oz Ag Estimated true widths vary depending on intersection angles and range from 50% to 85% of core lengths. *Determined using metallic screen fire assay on 1.0 kg split

"Whether we discover new zones of high-grade gold at Homestake Ridge or expand the large, wide and high-grade silver deposits at Wolf and Torbrit, drilling continues to deliver results from the premier, undeveloped gold-silver trend in Canada," said Shawn Khunkhun, CEO of Dolly Varden Silver.

"The new high-grade gold and silver mineralization encountered in step out drilling to the northwest of Homestake Silver represents a significant breakthrough in further defining, upgrading and expanding the mineralization at Homestake Ridge," said Rob van Egmond, Vice-President Exploration." This new zone remains open to the northwest, projecting towards the Homestake Main Deposit."

This release includes the remaining drill results from 48 drill holes from the 2023 drill program at the 100%-owned Kitsault Valley Project that includes the Homestake Ridge and Dolly Varden properties in BC's Golden Triangle. Reporting 26 drill holes at Homestake Main (11,054.90m), four drill holes (2,478.00m) from the new gold-rich zone at the Homestake Silver northwestern extension, and six exploration drill holes on the Homestake Ridge property (1,627.00m). In addition, twelve holes (6,971.00m) from the Dolly Varden property including the North Star, Red Point and Wolf areas are reported in this release.

Homestake Silver Step-Out Drilling

The high-grade gold and silver intersections in holes HR23-389 and HR23-399 are horizontally separated by approximately 40m and are interpreted to be a new gold zone extending northwest, at depth towards the Homestake Main deposit. Deeper in these holes a second, targeted mineralized envelope was encountered (Figure 5). In longitudinal section, the new gold zone overlaps parallel with the known mineralized envelopes approximately 50 meters to the east. This zone remains open to the northwest below historic drilling. Drilling in 2024 will target a 350m long gap between the Homestake Silver and Homestake Main Deposits to expand this new zone (Figure 2).

Drill hole HR23-410 is a 75-meter step-out from previously released holes HR23-395 and 398 (January 4th, 2024 release) and represents an extension of the higher grade veins to depth and below the wide, higher grade plunge.

The dip of drill hole HR23-394 steepened due to hole deviation more than anticipated and remained in the footwall to mineralized zones.

[](https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_002full.jpg)

Figure 1. Location in this release along Dolly Varden's Kitsault Valley trend

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_002full.jpg

Homestake Main Drilling

The objective of drilling during 2023 at the Homestake Main and Homestake Silver deposits was to expanded multiple, subparallel mineralized zones and to upgrade Inferred Mineral Resources in the projected plunge of the wider, higher-grade zone. The drilling completed in 2023 at Homestake Main was primarily resource expansion drilling, targeting both down dip and along strike from current Mineral Resources.

At Homestake Main, the 2023 drilling tested the depth extent of the structural corridor that hosts the mineralization and infilled in areas of higher grades. Drill hole HR23-374 is located approximately 200m down dip from the modelled wide, high-grade plunge, planned as a depth test at the bottom edge of the known mineralized envelope.

Drilling along the northwest projection of the Homestake Main zone intersected the structural corridor and associated alteration but with a decrease in vein stockwork and vein breccias density.

Homestake Ridge Exploration Drilling

Four exploration drill holes (HR23-417, 420, 421 and 424) tested two parallel, northwest trending structures located 300 metres and 600 meters to the west of the Homestake Silver deposit. HR23-424 tested the Fox Reef, a parallel structure approximately 900 meters to the southwest. Numerous veins and breccias were intersected with lower grade gold values (Table 3). Another two drill holes (HR23-422 and 423) tested the Dilly - Rambler exploration target 1,500m to the south of Homestake Silver. Although zones of QSP alteration and structures of interest were intersected, no significant precious metal grades were returned from the samples in these holes.

The Homestake Ridge deposits are interpreted as a structurally controlled, multi-phase epithermal vein stockwork and vein breccia system hosted in Jurassic Hazelton Volcanic rocks. Mineralization consists of pyrite and chalcopyrite in a breccia matrix within a silica breccia vein system and quart-carbonate veining (Figure 3). The northwest orientation of the main Homestake structural trend appears to have numerous subparallel internal structures that are interpreted to form the controls for higher grade gold and silver shoots within a broader low-grade (>0.1 g/t Au) zone at the Homestake Main deposit. The main structural corridor dips steeply to the northeast at Homestake Main and rolls to steeply Southwest at Homestake Silver (Figure 2 and 5).

[](https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_003full.jpg)

Figure 2. Long Section of Homestake Silver and Main. Modelled mineralized envelope from resource in Red (looking southwest)

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_003full.jpg

[](https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_004full.jpg)

Figure 3. Drill hole HR23-389 at the gold zone from the Homestake Silver deposit hosting quartz carbonate vein and stockwork with high-grade gold and silver mineralization.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_004full.jpg

[](https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_005full.jpg)

Figure 4. Location of 2023 Drill holes at Homestake Main and northwest step outs at Homestake Silver in this release. Plan View with Current Mineral Resource block model in grey, primarily of Inferred Classification

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_005full.jpg

[](https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_006full.jpg)

Figure 5. Homestake Silver northwest extension Cross Section (A-B) with 2023 and previous drill holes

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1728/197571_d1b03db9d4f00b27_006full.jpg

Table 1. Completed Drill Hole Assays from the Homestake Silver Deposit Northern Extension drilling

| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu (%) | AuEq* | AgEq* | | HR23-389 | 329.50 | 369.93 | 40.43 | 0.11 | 67 | 0.00 | 0.91 | 76 | | including | 366.00 | 368.00 | 2.00 | 0.52 | 559 | 0.03 | 7.26 | 602 | | including | 367.00 | 368.00 | 1.00 | 0.99 | 996 | 0.04 | 13.00 | 1078 | | New Au Zone | 377.50 | 444.00 | 66.50 | 15.26 | 20 | 0.01 | 15.50 | 1285 | | including | 401.00 | 413.45 | 12.45 | 79.49 | 60 | 0.01 | 80.21 | 6649 | | including | 409.90 | 410.58 | 0.68 | 1335* | 781 | 0.01 | 1344.42 | 111440 | | Lower Zone | 503.07 | 550.35 | 47.28 | 1.22 | 1 | 0.01 | 1.23 | 102 | | including | 510.60 | 511.85 | 1.25 | 13.70 | 4 | 0.01 | 13.75 | 1140 | | including | 522.77 | 523.37 | 0.60 | 8.53 | 4 | 0.01 | 8.57 | 711 | | including | 525.79 | 526.81 | 1.02 | 13.65 | 6 | 0.01 | 13.72 | 1137 | | HR23-394 | 416.50 | 421.50 | 5.00 | 0.52 | 14 | 0.02 | 0.69 | 57 | | including | 416.50 | 417.50 | 1.00 | 2.10 | 26 | 0.03 | 2.42 | 200 | | and | 484.00 | 486.00 | 2.00 | 2.20 | 50 | 0.02 | 2.79 | 231 | | HR23-399 New Au Zone | 377.90 | 435.60 | 57.70 | 2.68 | 20 | 0.02 | 2.92 | 242 | | including | 396.24 | 397.25 | 1.01 | 43.10 | 66 | 0.23 | 43.90 | 3639 | | including | 413.00 | 414.75 | 1.75 | 40.33 | 418 | 0.13 | 45.37 | 3761 | | and | 446.80 | 452.00 | 5.20 | 1.40 | 5 | 0.02 | 1.46 | 121 | | Lower Zone | 545.10 | 570.00 | 24.90 | 0.36 | NSV | | 0.36 | 30 | | HR23-410 | 329.35 | 329.85 | 0.50 | 0.12 | 1215 | 0.04 | 14.77 | 1225 | | and | 329.85 | 330.35 | 0.50 | 0.06 | 192 | 0.41 | 2.37 | 197 | | 75m Step out | 566.11 | 572.72 | 6.61 | 10.17 | 7 | 0.03 | 10.25 | 850 | | including | 567.58 | 571.47 | 3.89 | 16.81 | 10 | 0.04 | 16.93 | 1403 | | including | 567.58 | 568.20 | 0.62 | 50.70 | 26 | 0.08 | 51.01 | 4229 | | including | 570.00 | 571.47 | 1.47 | 15.30 | 9 | 0.05 | 15.41 | 1277 |

Table 2. Completed Drill Hole Assays from the Homestake Main Deposit Area

| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu (%) | AuEq* | AgEq* | | HR23-367 | 295.75 | 304.80 | 9.05 | 1.66 | 1 | 0.01 | 1.68 | 139 | | including | 299.96 | 300.80 | 0.84 | 3.16 | 2 | 0.03 | 3.19 | 264 | | including | 301.32 | 301.82 | 0.50 | 19.80 | 11 | 0.06 | 19.94 | 1652 | | HR23-368 | 186.90 | 188.90 | 2.00 | 0.18 | NSV | | 0.18 | 15 | | and | 207.70 | 212.95 | 5.25 | 0.17 | NSV | | 0.17 | 14 | | HR23-369 | 204.00 | 211.00 | 7.00 | 0.60 | NSV | | 0.60 | 50 | | including | 231.07 | 231.62 | 0.55 | 0.83 | 4 | 0.01 | 0.88 | 73 | | and | 294.50 | 317.34 | 22.84 | 0.37 | NSV | | 0.37 | 31 | | including | 313.19 | 314.50 | 1.31 | 3.31 | 18 | 0.00 | 3.52 | 292 | | HR23-370 | 288.00 | 295.00 | 7.00 | 1.65 | 2 | 0.01 | 1.67 | 139 | | including | 293.00 | 295.00 | 2.00 | 4.83 | 5 | 0.01 | 4.89 | 405 | | HR23-371 | 323.00 | 323.50 | 0.50 | 1.45 | NSV | | 1.45 | 120 | | HR23-372 | 234.36 | 258.50 | 24.14 | 0.87 | 1 | 0.04 | 0.88 | 73 | | including | 246.50 | 250.50 | 4.00 | 3.58 | 3 | 0.10 | 3.61 | 299 | | including | 257.70 | 258.50 | 0.80 | 1.05 | 7 | 0.52 | 1.13 | 94 | | HR23-373 | 341.00 | 343.00 | 2.00 | 0.45 | NSV | | 0.45 | 37 | | HR23-374 | 261.03 | 344.54 | 83.51 | 1.22 | 2 | 0.04 | 1.24 | 103 | | including | 268.48 | 269.15 | 0.67 | 22.60 | 10 | 0.17 | 22.72 | 1883 | | including | 311.00 | 313.00 | 2.00 | 18.75 | 8 | 0.22 | 18.85 | 1562 | | including | 321.00 | 322.00 | 1.00 | 10.15 | 9 | 0.09 | 10.26 | 850 | | HR23-375 | 234.00 | 237.18 | 3.18 | 0.14 | 2 | 0.01 | 0.17 | 14 | | HR23-376 | 402.09 | 409.13 | 7.04 | 0.97 | 1 | 0.05 | 0.98 | 81 | | including | 408.32 | 409.13 | 0.81 | 5.29 | 5 | 0.32 | 5.35 | 444 | | HR23-377 | 475.75 | 477.26 | 1.51 | 0.32 | 4 | 0.04 | 0.37 | 31 | | HR23-378 | 523.55 | 526.00 | 2.45 | 0.36 | NSV | | 0.36 | 30 | | and | 569.85 | 571.46 | 1.61 | 0.45 | NSV | | 0.45 | 37 | | HR23-379 | 264.00 | 293.00 | 29.00 | 0.47 | 1 | 0.02 | 0.49 | 40 | | including | 284.88 | 286.50 | 1.62 | 4.96 | 14 | 0.25 | 5.13 | 425 | | and | 299.75 | 315.35 | 15.60 | 0.29 | NSV | | 0.29 | 24 | | and | 387.00 | 416.00 | 29.00 | 0.38 | NSV | | 0.38 | 31 | | including | 395.00 | 399.50 | 4.50 | 0.80 | NSV | | 0.80 | 66 | | including | 403.00 | 406.00 | 3.00 | 0.92 | NSV | | 0.92 | 76 | | HR23-380 | 420.44 | 446.00 | 25.56 | 0.25 | 0 | 0.00 | 0.25 | 21 | | HR23-381 | 259.97 | 277.00 | 17.03 | 0.56 | 12 | 0.03 | 0.71 | 59 | | including | 265.24 | 265.89 | 0.65 | 3.38 | 111 | 0.41 | 4.72 | 391 | | including | 268.02 | 268.61 | 0.59 | 1.30 | 4 | 0.00 | 1.35 | 112 | | HR23-382 | 312.00 | 394.41 | 82.41 | 0.26 | NSV | 0.02 | 0.26 | 22 | | including | 324.60 | 325.12 | 0.52 | 3.33 | 4 | 0.44 | 3.38 | 280 | | including | 359.50 | 360.22 | 0.72 | 1.95 | 13 | 0.48 | 2.11 | 175 | | and | 404.00 | 434.00 | 30.00 | 0.38 | NSV | 0.01 | 0.38 | 31 | | including | 426.30 | 427.12 | 0.82 | 4.86 | 21 | 0.32 | 5.11 | 424 |

Table 2 con't. Completed Drill Hole Assays from the Homestake Main Deposit Area

| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu (%) | AuEq* | AgEq* | | HR23-383 | 166.08 | 168.00 | 1.92 | 0.86 | 39 | 0.00 | 1.33 | 110 | | HR23-384 | 338.12 | 371.10 | 32.98 | 0.31 | 1 | 0.01 | 0.33 | 27 | | and | 391.00 | 444.00 | 53.00 | 0.30 | 1 | 0.00 | 0.31 | 26 | | HR23-385 | 485.67 | 515.05 | 29.38 | 0.25 | 2 | 0.07 | 0.27 | 22 | | and | 510.00 | 510.70 | 0.70 | 0.93 | 15 | 0.63 | 1.11 | 92 | | HR23-386 | 156.69 | 208.95 | 52.26 | 1.47 | 25 | 0.13 | 1.78 | 147 | | including | 159.00 | 160.00 | 1.00 | 1.35 | 969 | 0.09 | 13.04 | 1081 | | including | 161.00 | 163.50 | 2.50 | 18.14 | 30 | 0.24 | 18.51 | 1534 | | including | 161.00 | 161.50 | 0.50 | 69.90 | 42 | 0.18 | 70.41 | 5836 | | including | 183.90 | 190.00 | 6.10 | 2.19 | 16 | 0.91 | 2.39 | 198 | | HR23-387 | 146.84 | 190.10 | 43.26 | 0.62 | 6 | 0.13 | 0.69 | 57 | | including | 150.00 | 150.50 | 0.50 | 6.18 | 10 | 0.16 | 6.31 | 523 | | including | 166.00 | 168.65 | 2.65 | 2.54 | 35 | 1.68 | 2.96 | 246 | | including | 189.10 | 189.60 | 0.50 | 2.62 | 1 | 0.11 | 2.64 | 219 | | HR23-388 | 211.90 | 229.50 | 17.60 | 1.00 | 4 | 0.14 | 1.04 | 86 | | including | 213.86 | 215.00 | 1.14 | 1.90 | 17 | 0.93 | 2.10 | 174 | | including | 219.48 | 220.20 | 0.72 | 7.80 | 8 | 0.13 | 7.90 | 655 | | including | 221.50 | 222.00 | 0.50 | 1.03 | 9 | 0.16 | 1.14 | 94 | | including | 225.60 | 228.40 | 2.80 | 2.05 | 4 | 0.14 | 2.10 | 174 | | and | 372.50 | 381.50 | 9.00 | 1.76 | 3 | 0.13 | 1.80 | 149 | | including | 373.38 | 373.88 | 0.50 | 28.80 | 47 | 2.23 | 29.37 | 2434 | | HR23-390 | 167.70 | 218.00 | 50.30 | 1.92 | 4 | 0.03 | 1.96 | 162 | | including | 169.68 | 170.18 | 0.50 | 129.00 | 218 | 1.09 | 131.63 | 10911 | | including | 173.95 | 174.45 | 0.50 | 5.59 | 8 | 0.13 | 5.68 | 471 | | including | 206.00 | 207.00 | 1.00 | 2.72 | 1 | 0.00 | 2.73 | 227 | | including | 216.00 | 218.00 | 2.00 | 2.12 | 5 | 0.03 | 2.18 | 180 | | HR23-391 | 159.00 | 167.50 | 8.50 | 0.12 | NSV | | 0.12 | 10 | | and | 232.00 | 239.55 | 7.55 | 1.22 | 5 | 0.14 | 1.28 | 106 | | including | 234.00 | 236.55 | 2.55 | 3.29 | 11 | 0.36 | 3.43 | 284 | | and | 246.04 | 306.90 | 60.86 | 0.72 | 3 | 0.09 | 0.76 | 63 | | including | 246.04 | 246.61 | 0.57 | 3.56 | 40 | 0.12 | 4.04 | 335 | | including | 254.48 | 273.30 | 18.82 | 1.52 | 4 | 0.14 | 1.56 | 130 | | including | 304.70 | 305.20 | 0.50 | 13.55 | 50 | 0.27 | 14.15 | 1173 | | and | 324.00 | 346.20 | 22.20 | 0.26 | 0 | 0.02 | 0.27 | 22 | | including | 331.80 | 332.30 | 0.50 | 3.96 | 5 | 0.84 | 4.03 | 334 | | HR23-392 | 113.00 | 119.00 | 6.00 | 0.45 | 47 | 0.02 | 1.01 | 84 |

Table 3. Completed Drill Hole Assays from the Homestake Ridge Property Exploration

| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu (%) | AuEq* | AgEq* | | HR23-422 | 193.00 | 194.17 | 1.17 | 0.36 | 24 | 0.13 | 0.65 | 54 | | HR23-424 | 10.00 | 17.00 | 7.00 | 0.27 | NSV | | | | | HR23-424 | 12.00 | 13.16 | 1.16 | 1.06 | 9 | | 1.17 | 97 | | and | 23.25 | 23.75 | 0.50 | 5.72 | 22 | 0.40 | 5.98 | 496 | | and | 95.20 | 95.70 | 0.50 | 0.54 | 20 | | 0.79 | 65 | | and | 196.05 | 196.66 | 0.61 | 1.76 | 2 | | 1.79 | 148 | | and | 199.35 | 199.85 | 0.50 | 1.97 | 3 | | 2.00 | 166 | | and | 249.35 | 249.93 | 0.58 | 1.84 | 2 | | 1.86 | 154 | | HR23-423 | 168.60 | 169.70 | 1.10 | 1.52 | 1 | | 1.53 | 127 | | and | 246.75 | 247.75 | 1.00 | 0.78 | NSV | | 0.78 | 65 | | HR23-420 | NSV | | | | | | | | | HR23-421 | 97.60 | 206.00 | 108.40 | 0.11 | NSV | | 0.112 | 9 | | HR23-417 | 156.20 | 161.20 | 5.00 | 0.98 | NSV | | 0.978 | 81 | | including | 158.20 | 159.20 | 1.00 | 2.09 | NSV | | 2.09 | 173 |

*AuEq and AgEq are calculated using $US1650/oz Au, $US20/oz Ag. Estimated true widths vary depending on intersection angles and range from 50% to 90% of core lengths *Determined using metallic screen fire assay on 1.0kg

Table 4. Drill Hole Collar Locations for 2023 Homestake Ridge drill holes in this release

| Hole ID | Easting UTM83 (m) | Northing UTM83 (m) | Elev. (m) | Azimuth | Dip | Length (m) | | HR23-367 | 462840 | 6179693 | 952 | 211 | -58 | 351.00 | | HR23-368 | 462840 | 6179693 | 952 | 202 | -68 | 402.00 | | HR23-369 | 463071 | 6179531 | 927 | 237 | -55 | 414.00 | | HR23-370 | 462840 | 6179693 | 952 | 226 | -56 | 324.90 | | HR23-371 | 462771 | 6179849 | 1091 | 200 | -75 | 589.00 | | HR23-372 | 463071 | 6179531 | 927 | 235 | -62 | 390.00 | | HR23-373 | 462840 | 6179693 | 952 | 230 | -68 | 450.00 | | HR23-374 | 463166 | 6179562 | 895 | 232 | -53 | 441.00 | | HR23-375 | 462771 | 6179849 | 1091 | 200 | -62 | 582.00 | | HR23-376 | 462897 | 6179729 | 964 | 140 | -65 | 609.00 | | HR23-377 | 463166 | 6179562 | 895 | 232 | -71 | 552.00 | | HR23-378 | 462771 | 6179849 | 1091 | 200 | -73 | 609.00 | | HR23-379 | 463015 | 6179634 | 918 | 210 | -59 | 450.00 | | HR23-380 | 463132 | 6179539 | 914 | 221 | -70 | 501.00 | | HR23-381 | 462794 | 6179271 | 1116 | 106 | -45 | 402.00 | | HR23-382 | 463075 | 6179672 | 902 | 212 | -55 | 450.00 | | HR23-383 | 463129 | 6179330 | 986 | 220 | -53 | 285.00 | | HR23-384 | 463132 | 6179539 | 914 | 205 | -66 | 501.00 | | HR23-385 | 462897 | 6179729 | 964 | 240 | -74 | 600.00 | | HR23-386 | 463120 | 6179391 | 969 | 223 | -57 | 300.00 | | HR23-387 | 463120 | 6179391 | 969 | 231 | -52 | 306.00 | | HR23-388 | 463133 | 6179500 | 925 | 223 | -47 | 399.00 | | HR23-390 | 463120 | 6179391 | 969 | 205 | -62 | 354.00 | | HR23-391 | 463133 | 6179500 | 925 | 218 | -61 | 439.00 | | HR23-392 | 462794 | 6179271 | 1116 | 116 | -45 | 354.00 | | HR23-389 | 463590 | 6179193 | 825 | 228 | -46 | 603.00 | | HR23-394 | 463590 | 6179193 | 825 | 228 | -53 | 654.00 | | HR23-399 | 463590 | 6179193 | 825 | 232 | -48 | 621.00 | | HR23-410 | 463560 | 6179124 | 834 | 220 | -50 | 600.00 | | HR23-417exp | 463182 | 6178630 | 1070 | 240 | -50 | 283.00 | | HR23-420exp | 463482 | 6178246 | 1014 | 240 | -50 | 279.00 | | HR23-421exp | 463295 | 6177829 | 1200 | 282 | -46 | 222.00 | | HR23-422exp | 463305 | 6177143 | 1117 | 166 | -46 | 261.00 | | HR23-423exp | 463713 | 6176389 | 1038 | 315 | -50 | 255.00 | | HR23-424exp | 463318 | 6178059 | 1169 | 230 | -46 | 327.00 |

Dolly Varden Exploration Drilling

Result for twelve drill holes competed at the end of the 2023 season on the Dolly Varden property come from three main areas: Red Point, North Star and Wolf (Figure 6).

Red Point Drilling

Three holes were drilled in the Red Point area, located at the southern end of the western gold belt, approximately 10 kilometers southeast along the trend from the Homestake Ridge deposits. Styles of mineralization encountered including varying degrees of quartz and quartz-carbonate veining in a QSP alteration halo, similar to what is seen at the Homestake Ridge deposits. Highlights from the 2023 exploration drilling include: (intervals shown are core length)