UPDATE: Dolly Varden Silver Encounters Silver Grades at Northwestern BC Property; Stock Up 7% to Day Highs

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Dolly Varden Silver Corp. (DV.V) reported today the results of its fall 2012 Exploration Program on the Dolly Varden property, located near tidewater in northwestern BC, Canada.

Ron Nichols, CEO, said: "The 2012 Dolly Varden drilling was focused mainly on confirming and extending drill coverage within and below the known historical mineral resource blocks, and has the potential to add significantly to the total silver resource at the Dolly Varden."

DV rose 7% to day high $0.225, with 52-week range $0.12 - $0.50.

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