Silver North Reports Haldane Royalty Transaction
Orogen’s 2% NSR validates Silver North’s high-grade silver potential at the Haldane deposit in the Keno district.
Orogen Royalties Inc. has acquired a 2% uncapped Net Smelter Return (NSR) royalty on the Haldane silver project from Silver North Resources Ltd. The transaction consideration includes $500,000 CAD paid on closing, plus future royalty revenue shares capped at $2.5 million total. The royalty covers 86 square kilometres on the extension of the historic Keno Hill silver district.
The release highlights ongoing 2026 exploration, including two active drill rigs at the Main Fault and Bighorn targets, and references recent high-grade intercepts such as HLD25-31: 13.15m @ 818 g/t Ag. Management reiterates that the company is fully funded for its 2026 and 2027 drilling campaigns.
Silver North Resources Ltd. (SNAG) has secured a royalty acquisition on its Haldane property, a move that provides a standard validation mechanism for junior explorers and signals institutional confidence in the site's geological potential. The deal includes a $500,000 upfront payment, which offers minor immediate liquidity, alongside capped future payments of $2.5 million. This structure represents low-cost, non-dilutive financing tied to future production.
The transaction is considered incremental and expected, aligning with the strong historical and recent drill results at Keno Hill. It does not alter the company's operational roadmap, financial outlook, or risk profile.
Silver North Resources Ltd. (SNAG) is a junior exploration company focused on silver and base metals in the Yukon Territory. Its flagship asset is the Haldane Silver Project, an 8,579-hectare property located 25 km west of Keno City, adjacent to Hecla Mining's producing Keno Hill mine. The project targets high-grade silver-lead-zinc mineralization along the Main Fault structure, with recent drilling intersecting world-class grades, including 2,014 g/t Ag over 3.2m.
The company also holds secondary assets, including the Veronica Property, which targets CRD-style mineralization, and the Tim Silver Property, which was previously optioned to Coeur Mining and is now fully retained. Management is technically driven, with CEO Jason Weber, P.Geo., overseeing exploration under NI 43-101 standards.