What's Happening?
Silver North Resources has commenced its 2025 exploration program at the Haldane Silver Property in Yukon’s Keno Hill Silver District. The program involves drilling 10 holes from four sites, totaling 2,500 meters, to expand upon previous discoveries at the Main Fault. The company aims to enhance its understanding of high-grade silver-lead-zinc mineralization. Silver North has secured C$2.1 million to fund this exploration through a private placement, offering charity flow-through units and warrants to investors.
Why It's Important?
The exploration program is significant for Silver North as it seeks to capitalize on the rich mineral deposits in the Keno Hill District, historically known for high-grade silver production. Successful expansion of mineralization could lead to increased resource estimates and potential development opportunities. This initiative supports the company's growth strategy and positions it to benefit from rising demand for silver, driven by industrial applications and investment interest. The program also contributes to the local economy by engaging drilling and exploration services.
What's Next?
Silver North plans to complete the drilling program by October, with potential additional drilling at the Bighorn target. The company will analyze the results to determine the continuity and extent of mineralization. Positive outcomes could lead to further exploration and development activities, enhancing Silver North’s asset portfolio. The company may also pursue additional acquisitions in favorable jurisdictions to expand its silver holdings.
