01:40 PM EDT, 06/19/2024 (MT Newswires) -- Dolly Varden Silver ( DOLLF ) was last seen up 7.1% after the company on Wednesday reported the first drill results from the 2024 exploration program, intersecting high-grade silver mineralization at the Moose and Chance veins within the Kitsault Valley Project.

Three rigs are currently drilling with 25 holes completed or in progress, the company said.

Among the highlights from Moose Vein, the company said DV24-387 returned 977 g/t silver over 5 meters, including 3,670 g/t silver over 0.79 meters.

From Chance Vein, DV24-388 returned 206 g/t over 23.03 meters, including 597 g/t silver over 1.40 meters and 749 g/t silver over 0.50 meters.

The company's shares were last seen up $0.07 to $1.05 on the TSX Venture Exchange.

Price: 1.05, Change: +0.07, Percent Change: +7.14