01:02 PM EDT, 05/21/2024 (MT Newswires) -- Dolly Varden Silver ( DOLLF ) said Tuesday the 2024 Exploration Drill Program at its Kitsault Valley Project in British Columbia is underway.

Three drill rigs have been mobilized and are testing exploration targets at Moose Vein, Chance Vein, and the North Star Deposit step-out.

"With drilling already underway, our 25,000 meter program is the earliest startup for of any season for Dolly Varden Silver ( DOLLF ) and we look forward to building on resource expansion and high-grade mineralization discovered during the 2023 program," chief executive Shawn Khunkhun said in a release.

The objectives of the initial targets include testing for new discoveries and following up on high-grade silver mineralization encountered in the 2023 drilling program.

The company's shares were last seen down $0.01 to $1.19 on the TSX Venture Exchange.

Price: 1.19, Change: -0.01, Percent Change: -0.83