Silver North Resources Ltd. ($SNAG) is excited to share insights from its transformative 2025 exploration season and outline an ambitious exploration strategy for 2026.
The price of silver had another strong year in 2025, finishing over USD$70 per ounce after starting just under USD$29 per ounce. This impressive performance provided a robust backdrop for silver explorers, allowing Silver North to capitalize on the strong market with excellent results from both the Haldane and Veronica properties. The company's share price rose significantly, closing the year at $0.39 compared to its January 2025 low of $0.065.
In early 2025, the focus was on preparing field programs at both Haldane and Veronica, alongside financings to support these efforts. This led to successful financings at $0.10 and $0.15 in April and July, totaling $1.72 million, along with a Charity Flow Through Financing at $0.21 in July, raising an additional $2.1 million. To facilitate preparations for 2026, management secured a $2.25 million flow-through financing at $0.35 in December.
HALDANE PROJECT: Expanding the Main Fault Zone
The primary objective of the 2025 program was to explore the Main Fault, following the discovery of silver-lead-zinc mineralization in 2024. An eight-hole, 1,759.5 m program completed in November 2025 successfully targeted mineralization on sections both northeast and southwest of the discovery area. Siderite, silver-bearing galena, and sphalerite mineralization were intersected in all holes, except for HLD25-37, which was lost at the top of the interpreted Main Fault structure.
A highlight of the program was hole HLD25-31, which intersected the Main Fault approximately 90 m downdip from HLD24-30, yielding a 13.15 m mineralized intersection averaging 818 g/t silver, 1.39 g/t gold, 2.54% lead, and 0.98% zinc from 249.9 metres downhole.
VERONICA PROJECT: New Discoveries
August 2025 marked the start of the inaugural exploration program at Veronica, partially funded by a grant under the Yukon Mineral Exploration Program. This program included prospecting, geological mapping, soil geochemical sampling, and hand trenching, resulting in the expansion of the previously identified multi-element soil geochemical anomaly known as the Betty target. Notably, it led to the discovery of silver-bearing mineralization in float cobbles and outcrop for the first time on the property.
Geological mapping at the Betty Anomaly revealed a significant silver-lead-zinc geochemical anomaly that remains open to the east and potentially to the south. The Veronica claims are adjacent to the Tim Property, where exploration is targeting high-grade silver-lead-zinc mineralization similar to that found at the Silvertip Mine, located approximately 12 km southwest.
With an $11.6 million financing recently closed, Silver North is fully funded for the 2026 and 2027 field seasons. Management is currently planning the scope of the 2026 drill program at Haldane, with a budget of $5 million allocated for the continued expansion of the Main Fault target. Fieldwork is expected to begin in late March or early April, with drilling anticipated to start by the first week of June.
In the summer of 2026, exploration in the Silvertip District will be undertaken, with plans from Coeur Mining, operator of the nearby Tim project, being communicated to shareholders once available. Additionally, management is preparing a follow-up program to the successful 2025 Veronica property initiative, budgeting $500,000 for further groundwork.
For more information, visit Inside Ticker or the company's website at www.silvernorthres.com.