What's Happening?
Silver North Resources has commenced its 2025 exploration program at the Haldane Silver Property in the Keno Hill Silver District, Yukon. The program involves 2,500 meters of diamond drilling across 10 drill holes, focusing on expanding the Main Fault target. This initiative aims to build on previous discoveries and explore high-grade silver-lead-zinc mineralization. The company has secured funding through a non-brokered private placement, raising C$2.1 million to support exploration activities. The drilling is expected to conclude by the end of October.
Why It's Important?
The exploration program by Silver North is crucial for the mining industry, particularly in the context of silver production. The Keno Hill Silver District is renowned for its rich deposits, and successful exploration could lead to increased resource estimates and potential economic benefits. This initiative supports the company's growth strategy and could enhance its market position. The program's success may attract further investment and interest in the region, contributing to local economic development and job creation.
What's Next?
Silver North plans to complete the drilling program by October, with potential follow-up exploration at the Bighorn target. The company will continue to assess the results to determine the next steps in expanding its resource base. Stakeholders, including investors and local communities, will be closely monitoring the outcomes, which could influence future exploration and development activities in the region.
