Drilling Completed at Silver North's Flagship Haldane Silver Property, Yukon
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The most recent news, dated 2025-11-13, announces the completion of the 2025 drill program at Silver North's flagship Haldane Silver Property in the Yukon. The program successfully completed 1759.5 meters across 8 holes, specifically testing the Main Fault structure along strike and down dip. All collected samples have been submitted for analysis, and the company is now awaiting the assay results. Additionally, a LiDAR and photogrammetry survey covering 15 km² was completed at Haldane. Jason Weber, President and CEO, expressed satisfaction with achieving the goal of testing the continuity of the Main Fault target and eagerly anticipates the assay results.
This news is a routine operational update. It confirms that the planned 2025 drill program at Haldane, which was initiated in mid-August (2025-08-15) and continued through October (2025-10-16), has been successfully completed. While the completion of drilling is a necessary step, the news provides no new assay results, which are the primary value drivers for an exploration company. Therefore, by itself, it is neutral.
However, in the context of previous news, this marks the full execution of the aggressive drill program envisioned to expand upon the high-grade Main Fault discovery made in 2024 (2024-11-14). The company had outlined a 10-hole, 2500-meter program, and has now reported completing 8 holes totaling 1759.5 meters, which is a substantial portion of the planned work. The market's focus will now shift entirely to the pending assay results, which, if positive and in line with or exceeding the high-grade intersections from 2024 (e.g., 1.83m of 1,088 g/t silver), could be highly material.
The news follows closely on the heels of a material positive announcement on 2025-10-28 regarding the Veronica Property, where prospecting and sampling yielded a silver discovery with rock samples up to 2860 g/t silver, indicating strong Carbonate Replacement Deposit (CRD) potential. This discovery at Veronica provides a second promising target for the company, diversifying its exploration portfolio.
Financially, the company appears to be in a better position to fund these programs after closing two private placements in July and August 2025, raising $370,050 and $2.1 million respectively. These financings significantly improved the company's working capital position, which was negative prior to these raises. Cash at June 30, 2025, was $573,236, and with the recent financings (net proceeds estimated around $2.4M), the company should have sufficient funds for near-term operations and exploration.
Overall, the current news is neutral, as it merely states completion. The material impact will come with the assay results.
Silver North Resources Ltd. is a mineral exploration company focused on silver properties in the Yukon Territory, Canada.
Flagship Project: - Haldane Silver Property: Located in the prolific Keno Hill silver district of Yukon, adjacent to Hecla Mining's producing Keno Hill silver mine. - Development: In 2024, the company made a new discovery at the Main Fault, intersecting high-grade silver, gold, lead, and zinc mineralization (e.g., 1.83m true width of 1,088 g/t Ag, 3.90 g/t Au, 1.89% Pb, 0.63% Zn in HLD24-30). The 2025 program (now completed) was designed to expand upon this discovery by testing strike and depth continuity.
Other Key Projects: - Veronica Property (part of the GDR project): Located in the Silvertip area of southern Yukon Territory, adjacent to the Tim property. - Development: An initial field exploration program in 2025 confirmed Carbonate Replacement Deposit (CRD) potential, with rock samples yielding up to 2860 g/t silver at the Betty Target. Further exploration is anticipated. - Tim Silver Project: Also in the southern Yukon, optioned to Coeur Mining Inc. Coeur can earn up to an 80% interest by funding exploration and a feasibility study. - Development: Coeur completed 2250m of drilling in 2024, confirming a CRD-style system. Analytical results for the 2024 program are pending, and Coeur is planning a 2025 follow-up drill program. This project offers non-dilutive upside potential for Silver North.