Silver North Signs Significant Drill and Geophysical Contracts for 2026 Silver Exploration at Haldane, YT
Silver North locks in multi-year drilling capacity as high-grade Yukon silver discoveries drive massive $11.6M capital injection.
The most recent news (March 09, 2026) announces that Silver North has signed a two-year diamond drilling contract with Boart Longyear for its Haldane and Veronica projects in the Yukon. The contract secures two rigs for 10,000 to 14,000 meters of drilling across the 2026 and 2027 field seasons. Additionally, the company has contracted airborne geophysical surveys (944 line-km at Haldane; 243 line-km at Veronica) to refine structural targeting. This follows a string of high-grade results from the 2025 program, most notably hole HLD25-31, which returned 818 g/t silver and 1.39 g/t gold over 13.15 meters.
The impact is Material - Positive. While a drill contract is often routine, this specific announcement signifies a major transition for the company: - Operational Certainty: Securing top-tier contractors (Boart Longyear) for two full seasons in a competitive Yukon exploration market ensures execution of their largest-ever program. - Financial Validation: The company recently closed a massive $11.6 million brokered private placement (Feb 10, 2026), providing the treasury required to fund this aggressive multi-year campaign without immediate dilution concerns. - Technical Momentum: The 2025 results confirmed the "Main Fault" as a high-grade discovery with significant scale (100m strike, 150m downdip already defined). The move to 5,000–7,000 meters per year suggests management believes they are moving toward a maiden resource.
Silver North is focused on silver-lead-zinc-gold exploration in the Yukon. Its flagship is the Haldane Silver Project, located in the Keno Hill Silver District (adjacent to Hecla Mining). The project hosts Keno-style high-grade silver veins. The "Main Fault" discovery is currently the primary focus, showing significant widths (up to 27m) and high grades.