Silver North Intersects 13.15 metres Averaging 818 g/t Silver and 1.39 g/t Gold from 249.9 m Depth at the Haldane Silver Property, Keno District, Yukon
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The November 17, 2025, news release announces assay results for the first three holes of the 2025 drill program at the company's flagship Haldane Silver Property in the Yukon. The highlight is drill hole HLD25-31, which intersected 13.15 metres averaging 818 g/t silver and 1.39 g/t gold from a depth of 249.9 metres. The company notes this intercept is a 90-metre downdip step-out from the 2024 discovery intersections at the Main Fault target.
CEO Jason Weber stated, "HLD25-31 is the best hole drilled on the property to date." Two other holes reported, HLD25-32 and HLD25-33, also intersected the target structure with broader, lower-grade silver-lead-zinc mineralization, extending the mineralized system. A total of eight holes (1,759.5 metres) were completed in the 2025 program, with results for the remaining five holes pending.
This news is highly material and positive. The analysis of historical news releases shows a clear and consistent strategy laid out by management, and this release delivers a successful outcome that exceeds reasonable expectations.
- Progression of Strategy: The company began 2025 by highlighting the 2024 high-grade discovery at Haldane's Main Fault (January 30). They then successfully raised approximately $3.82 million through a series of financings between April and August 2025 to fund the explicit goal of testing the "down-dip and strike potential" of this discovery (July 30).
- Execution and Results: The November 13 release confirmed the completion of an 8-hole, 1,759.5-metre drill program. Today's release provides the first results. The intercept in HLD25-31 (13.15m @ 818 g/t Ag, 1.39 g/t Au) is not merely a successful step-out; it is, as the CEO states, the "best hole drilled on the property to date." Hitting a better hole than the original discovery on a 90-metre step-out is a significant exploration success. It demonstrates continuity, robust grade, and significant width for a high-grade vein system.
- De-risking and Value Creation: This result materially de-risks the Haldane project by confirming that the high-grade mineralization is not a small, isolated pod. It suggests a potentially large and continuous mineralized system at the Main Fault. For an exploration company of this size, such a result is a primary value driver. The market had anticipated news, with the stock running from $0.15 to $0.43 during the exploration season before pulling back to $0.26. This news provides fundamental validation for that prior move and is a strong catalyst for a potential re-rating.
While the other two holes show lower grades, they successfully intersected the target structure and extended the mineralized halo, which is also a positive outcome for understanding the broader system. The key takeaway is that the company’s primary objective for its 2025 exploration program has been met and exceeded with the very first batch of results.
Silver North Resources Ltd. is a Canadian junior exploration company focused on silver projects in the Yukon. - Flagship Project: The road-accessible Haldane Silver Property is located in the prolific, high-grade Keno Hill Silver District, adjacent to Hecla Mining’s Keno Hill mine property. The project targets high-grade, structurally controlled silver-lead-zinc vein mineralization typical of the district. - Other Projects: The company also holds the Tim, GDR, and Veronica properties in the southern Yukon, targeting Carbonate Replacement Deposit (CRD) style silver-lead-zinc mineralization. The Tim project is under an option agreement where major producer Coeur Mining Inc. can earn up to an 80% interest.