Silver North signs Haldane drill, geophysical contracts

Executive Summary

• Silver North Resources Ltd. has secured a two-year drilling contract with Boart Longyear for its Haldane silver project in Yukon, covering the 2026 and 2027 exploration seasons.
• The company has also contracted airborne geophysical surveys for both the Haldane and Veronica projects to refine drill targeting and map subsurface geology.
• The 2026 campaign aims to execute 5,000 to 7,000 metres of drilling, focusing on expanding the Main fault target and testing new prospects like Bighorn, supported by recent high-grade historical results.

Key Details

• Drilling Contract: Signed with Boart Longyear for a two-year term (2026–2027).
• Drilling Capacity: Two diamond drilling rigs will be provided for the entirety of the 2026 and 2027 field seasons.
• Drilling Volume: Plan to execute 5,000 to 7,000 metres of drilling annually.
• Mobilization Schedule: Equipment mobilization expected mid-March; drilling anticipated to begin no later than the first week of June 2026, subject to weather.
• Haldane Project Focus:
  • Primary target: Expansion of the Main fault.
  • Secondary targets: Bighorn (2019 discovery), Johnson, West fault, and Middlecoff targets.
  • Additional metreage reserved for refined targets from the upcoming airborne geophysical survey.
• Haldane Airborne Survey:
  • Contractor: SkyTEM Canada Inc.
  • Method: SkyTEM312 survey collecting magnetics and time-domain electromagnetic data.
  • Scope: 100-metre-spaced flight lines with 1,000-metre-spaced tie lines.
  • Total Coverage: 944 line kilometres.
  • Objective: Refine underlying geology and define complex structural architecture for detailed drill hole targeting.
• Veronica Project Airborne Survey:
  • Contractor: Geotech Ltd.
  • Method: VTEM (versatile time-domain electromagnetic) survey collecting magnetics and time-domain electromagnetic data.
  • Scope: 100-metre-spaced flight lines with 1,000-metre-spaced tie lines.
  • Total Coverage: 243 line kilometres.
  • Objective: Map geology obscured by overburden and identify structures hosting mineralization, specifically fault-hosted sulphide or CRD-related manto styles.
• Historical Drill Results (Haldane - HLD25 to 31):
  • High-grade intersection: 3.2 metres averaging 2,014 g/t Ag, 1.72 g/t Au, 4.73% Pb, and 1.1% Zn.
  • Broader intersection: Within a larger 13.15-metre interval averaging 818 g/t Ag, 1.39 g/t Au, 2.54% Pb, and 0.98% Zn.
• Veronica Project Recent Samples:
  • Lodge float cobble: 2,860 g/t Ag, 0.412 g/t Au, 76.8% Pb, and 0.18% Zn.
  • Cooper outcropping brecciated/silicified fault zone: 33.17 g/t Ag, 1.36% Pb, and 0.4% Zn.

Notable Quotes

• "We are extremely pleased to be in a strong financial position and to have the ability to lock in this two-year contract with Boart for drilling at Haldane. This gives us certainty of executing our plan for 5,000 to 7,000 metres of drilling each year for potential expansion of the Main fault... With two drills available to us, we now have the flexibility to simultaneously test our numerous exploration targets on the Haldane project." — Jason Weber, President and CEO