What's Happening?
Silver North Resources is preparing to unveil new target areas for exploration at its Haldane Silver Project in Yukon, Canada. This follows the completion of a SkyTEM312 airborne geophysical survey, which collected extensive magnetic and electromagnetic
data. The company has signed a two-year drill contract with Boart Longyear for a fully funded exploration program for 2026-2027, focusing on expanding the Main Fault target. The survey data will be integrated into the planning of the upcoming drill program, expected to commence by early June 2026. Additionally, Silver North plans to incorporate data from Coeur Mining's previous work and its own Veronica Project to refine drilling targets.
Why It's Important?
The development at the Haldane Silver Project is significant for Silver North Resources as it aims to enhance its exploration capabilities and potentially increase its silver reserves. The integration of new geophysical data with existing datasets could lead to more efficient and targeted drilling, potentially uncovering economically viable mineral deposits. This could strengthen Silver North's position in the silver exploration market and attract further investment. The termination of the Tim Property option agreement by Coeur Mining also allows Silver North to focus resources on more promising areas, potentially leading to new discoveries and increased shareholder value.
What's Next?
Silver North Resources is expected to begin its drilling program by June 2026, with a focus on the Main Fault target. The company will continue to analyze the geophysical data to prioritize drilling locations. The results of this exploration could influence future investment and development decisions. Stakeholders, including investors and local communities, will be watching closely to see if the exploration yields significant findings that could impact the company's growth and the local economy.
