Original News Release
Silver North finds Ag mineralization at Veronica
Mr. Jason Weber reports
SILVER NORTH'S VERONICA PROPERTY YIELDS SILVER DISCOVERY AT BETTY TARGET
Silver North Resources Ltd. has released analytical results from the 2025 field exploration program at the Veronica property, one of three properties comprising the GDR project in southern Yukon. Results of the program, which included prospecting, geological mapping, soil geochemical sampling and hand trenching, include the expansion of the previously identified multielement soil geochemical anomaly (the Betty target) as well as the discovery of silver-bearing mineralization in float cobbles (2,860 and 213 grams per tonne silver) and in outcrop (33.7 and 17.15 g/t silver). Prior to the 2025 program, no silver-bearing mineralization had been discovered on the Veronica property.
"Our goal with the 2025 program at Veronica was to assess the property's potential to host carbonate-replacement-deposit-style mineralization," stated Jason Weber, PGeo, president and chief executive officer of Silver North. "These analytical results, from silver-bearing galena in structurally controlled replacement-style mineralization are a strong positive indicator that Veronica may be another CRD target in this emerging district."
Previous operators identified a 450-metre-by-450-metre silver-lead-plus-or-minus-zinc multielement soil geochemical anomaly in 2016 (according to a filed but unpublished assessment report by the property vendors and filed with the Yukon government), which was the focus of the 2025 program. The 2025 program successfully expanded this anomaly to over one kilometre by one kilometre in size (now termed the Betty anomaly or Betty target). The Betty anomaly is now defined as a coincident silver (one part per million to 31.1 ppm), lead (50 ppm to 8,850 ppm) and zinc (200 ppm to 3,830 ppm) anomaly that remains open to the east and potentially to the south.
Mapping and prospecting work at the Betty anomaly discovered the first-ever mineralization found at Veronica, consisting of massive galena-bearing cobbles in float and, subsequently, in outcrop. Float cobbles found on surface include a 15-centimetre-wide massive sulphide cobble that returned 2,860 g/t Ag, 0.412 g/t gold, greater than 1 per cent Pb, 0.13 per cent copper, 0.18 per cent Zn and 2,250 ppm antimony (sample K665269) and a cobble uncovered in a hand trench in the same area that returned 213 g/t Ag, greater than 1 per cent Pb and 367 ppm Sb (sample K665270). These areas collectively make up the Lodge showing.
Approximately 100 metres to the northeast of the Lodge showing, an outcropping brecciated and silicified fault zone was discovered, the Cooper showing, hosting disseminated and blebby galena. Grab samples from the outcropping structure returned 33.17 g/t Ag, greater than 1 per cent Pb, 0.4 per cent Zn and 26 ppm Sb (sample E812425) and 17.15 g/t Ag, 0.71 per cent Pb, 0.17 per cent Zn and 22.3 ppm Sb (E82424).
Overlimit analyses for lead are currently under way and will be released once received.
Geological mapping indicates the potential preservation of the prospective stratigraphy known for hosting high-grade silver-lead-zinc mineralization at Silvertip.
The 2025 exploration program was undertaken and partially financed under a grant from the government of Yukon, under its Yukon mineral exploration program (YMEP). Under this program, qualifying exploration expenditures can be refunded to the company in the form of a grant of up to $30,000. The 2025 program was conducted over an eight-day period, consisting of prospecting, mapping, soil geochemical sampling and hand trenching. A total of 453 soil samples and 26 rock samples were collected while two hand trenches and eight additional hand-excavated pits were completed.
The Veronica claims, part of the recently optioned GDR project, are located adjacent to the Tim property (under a separate option to Coeur Mining Inc.), in the Silvertip area of southern Yukon. Exploration in the region is targeting high-grade silver-lead-zinc mineralization similar to that found at the Silvertip mine, approximately 12 kilometres to the southwest of Veronica.
Analytical and chain of custody
Following the field program, all samples were secured on site and transported to the office of Archer Cathro & Associates (1981) Ltd. before being delivered to ALS Minerals in Whitehorse, Yukon. All samples were prepared at ALS Minerals in Whitehorse before being transported to the ALS laboratory (an independent accredited laboratory) in North Vancouver, B.C., for analysis.
Rock and soil samples were analyzed using four-acid digestion with an ICP-MS finish (ME-MS61). Gold analysis was by fire assay with atomic absorption finish (Au-ICP21). Overlimit analysis for silver was completed using ore-grade four-acid digestion (ME-OG62) and by fire assay and gravimetric finish (Ag-GRA21 -- 30-gram sample). Overlimit analysis for lead is currently being completed using ore-grade four-acid digestion (ME-OG62).
Grab and float rock samples collected in the program are selective by nature and may not necessarily represent the overall grade of underlying mineralization. Soil geochemical surveys conducted prior to Silver North's agreement to option the Veronica property consisted of grid (50-metre samples on 100-metre-spaced lines) and ridgeline sampling (approximately) every 100 metres. Approximately 453 soil samples were collected in kraft soil bags and analyzed using a 30-gram fire assay method for gold and standard ICP spectroscopy (inductively coupled plasma) for 50 additional elements. Samples were analyzed at ALS laboratories.
About Silver North Resources Ltd.
Silver North's primary assets are its 100-per-cent-owned Haldane silver project (next to Hecla Mining Inc.'s Keno Hill mine project), the Tim silver project (under option to Coeur Mining in the Silvertip/Midway district in British Columbia and Yukon) and the GDR project (also in the Silvertip/Midway district). Silver North also plans to acquire additional silver properties in favourable jurisdictions.
The company is listed on the TSX Venture Exchange under the symbol SNAG and trades on the OTCQB market in the United States under the symbol TARSF and under the symbol I90 on the Frankfurt Stock Exchange.
Qualified person
Kelson Willms, PGeo, of Archer Cathro and Associates is a qualified person as defined under the terms of National Instrument 43-101 and has reviewed and approved the technical information in this news release.
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