Silver North Outlines Largest Exploration Program to Date at Haldane Following 2025 Success
Massive $11.6M War Chest and Best-Ever Drill Results Set Stage for Aggressive 2026 Expansion
The most recent news (February 19, 2026) outlines Silver North’s 2026 exploration plans following the successful 2025 season. The company is preparing for its largest program to date, including 7,000 meters of drilling. This follows the high-grade discovery at the Haldane property, specifically hole HLD25-31 which returned 13.15 meters of 818 g/t silver and 1.39 g/t gold—the best hole in the property's history. The 2026 budget is set at C$5.0 million for Haldane and C$500,000 for the Veronica property. This is fully funded by a recently closed C$11.6 million brokered private placement.
- Fully Funded Operations: The closing of the C$11.6 million financing (February 10, 2026) is a material shift for the company. Previously, financial statements from June 2025 showed a meager cash position of C$573,236 and a working capital deficit. The new capital provides at least 24 months of runway at current burn rates and fully funds the massive 2026 program.
- High-Grade Continuity: Results from the 2025 program (HLD25-31 and HLD25-36) confirm that the "Main Fault" at Haldane is not just a fluke discovery but a continuous high-grade structure. This significantly de-risks the flagship project.
- Strategic Validation: While Coeur Mining has not yet exercised its full option at the Tim Property, its continued investment and exploration ($3.5M required for 51%) provide a third-party endorsement of Silver North's technical team and property selection.
- Dilution vs. Potential: The share count has expanded significantly to secure this funding. While the news is positive, the "Material - Game Changer" status is withheld because the company is still in the exploration phase without a defined 43-101 resource estimate.
Silver North Resources (formerly Alianza Minerals) is focused on silver in the Yukon, Canada. - Flagship Project: Haldane Silver Property. Located in the historic Keno Hill Silver District, it shares a border with Hecla Mining’s high-grade Keno Hill operations. - Key Discovery: The "Main Fault" target, which has shown multi-meter intercepts of 800+ g/t silver. - Secondary Assets: The Tim Property (under option to Coeur Mining) and the Veronica/GDR property, which is an early-stage Carbonate Replacement Deposit (CRD) target.