Silver North Intersects 9.10 Metres Averaging 428.3 g/t Silver and 0.73 g/t Gold from 182.40 Metres at the Haldane Silver Property, Yukon
Haldane Drill Results Confirm High-Grade Continuity as Silver North Transitions to 2026 Expansion Phase
The news release dated January 12, 2026, announces the final drill results from the 2025 exploration program at the Haldane Silver Property in Yukon. Key highlights include hole HLD25-36, which intersected 9.10 metres of 428.3 g/t silver and 0.73 g/t gold (starting at 182.4 metres). Another hole, HLD25-38, intersected 22.0 metres of 0.17 g/t gold and silver mineralization (grades not fully specified in the event summary but noted as "lower section of Main Fault"). The company completed 1,759.5 metres across 8 holes in 2025. Management confirmed the Main Fault strike length is now approximately 100 metres and extends 150 metres downdip. Notably, hole HLD25-37 was abandoned without recovering core, and the company states it is already funded for the 2026 program.
- Resource Potential: The results are positive but largely incremental. They confirm the "Main Fault" discovery is a robust, high-grade structure, but the strike length (100m) remains relatively short for a major deposit. The grades (428 g/t Ag) are high-quality but lower than the "best hole" reported in November 2025 (818 g/t Ag).
- Operational Risk: The abandonment of hole HLD25-37 and the description of the structure as "complex" suggests potential difficulties in targeting and core recovery, which may increase future drilling costs.
- Financial De-risking: The statement that 2026 is already funded is critical. This follows the $2.25 million financing closed in December 2025 at $0.35/share. The fact that the stock is trading at $0.42 (a 20% premium to the recent financing) suggests the market has reacted positively to the 2025 results.
- Sentiment: This news marks the end of the 2025 "assay season." While positive, it does not represent a "new" discovery but rather the successful completion of a previously identified one.
Silver North Resources (formerly Alianza Minerals) is a silver-focused explorer. Its flagship is the Haldane Silver Property (Yukon), located in the Keno Hill District. The project is adjacent to Hecla Mining's high-grade Keno Hill operations. Haldane hosts "Keno-style" silver-lead-zinc veins. The 2024-2025 drilling successfully identified the "Main Fault" as a new high-grade target. The company also holds the Tim Project, currently under option to Coeur Mining, which allows Silver North to benefit from Coeur's spending (up to 80% earn-in) while focusing its own capital on Haldane.