Drill Results
Silver North Commences Diamond Drilling at Flagship Haldane Silver Project, Keno Hill Silver District, Yukon
Silver North begins a fully funded drilling campaign at its Haldane project, targeting high-grade silver adjacent to Hecla’s Keno Hill.
Executive Summary
- Silver North Resources Ltd. announced the commencement of its fully funded 2026 diamond drilling program at the Haldane Silver Project in the Keno Hill Silver District, Yukon.
- Two diamond drill rigs are currently active, with operations expected to continue through summer and into Q4 2026.
- The two-year campaign targets 10,000 to 14,000 metres total, with 5,000 to 7,000 metres planned for completion by October 2026.
- Primary objectives include expanding the high-grade Main Zone (identified over 100m strike and ~300m downdip) and testing new prospects generated from a recently completed SkyTEM airborne geophysical survey.
- Management highlighted hole HLD25-31 as the best intercept to date, returning 13.15m averaging 818 g/t Ag, 1.39 g/t Au, 2.54% Pb, and 0.98% Zn.
- Additional fieldwork includes ground-truthing SkyTEM targets and detailed structural/lithological mapping across multiple target areas.
Material Impact
- The announcement represents the execution of a previously announced and fully funded exploration plan. The 2026 program scope, funding ($11.6M LIFE closing in Feb 2026 + $2.25M FT in Dec 2025), and drill contractor (Boart Longyear) were disclosed in prior releases (Feb-Mar 2026).
- No new geological data, assay results, or strategic shifts are introduced. The news confirms operational progress against the stated 2026 target of 5,000–7,000m.
- Given the market had already priced in the funding and program timeline, the drill commencement is an expected milestone. It validates management's execution capability but does not alter the fundamental risk profile or valuation thesis.
- Prior-period context: The 2025 program successfully defined the Main Fault's strike and downdip continuity, but remains at the exploration stage with no defined resource. The 2026 program is a direct continuation of that work.
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Company Overview
- Silver North Resources Ltd. is a junior exploration company focused on silver, lead, zinc, and gold projects in the Yukon Territory.
- Flagship asset: Haldane Silver Project (8,579 hectares), located 25 km west of Keno City, YT. It is road-accessible and directly adjacent to Hecla Mining’s producing Keno Hill Silver Mine.
- Geological model: Carbonate Replacement Deposit (CRD) style silver-lead-zinc mineralization hosted in fault-controlled breccia zones and quartz-siderite veins.
- Additional assets: Veronica Property (Silvertip-Midway district, targeting CRD-style Ag-Pb-Zn), Tim Silver Property (retained 100% after Coeur Mining terminated its option in May 2026), and GDR project.
- The company is in the early exploration phase, with no economic resource or reserve defined. All work is focused on target generation, expansion, and geological modeling.
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Jun 04, 2026 · 06:05