Experts: Exploration Company Has Massive Silver Potential

1. Silver North Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North Resources Ltd. and Harvest Gold Corp.
3. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

*John Newell's Disclaimers for quotes from July 14, 2025 and September 9, 2024

1. For the quoted article by John Newell on July 14 and the one on September 9, the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000 and US$1,500.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
3. As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

Over the past year, Silver North Resources Ltd. (SNAG:TSX.V; TARSF: OTCQB) has been steadily gaining momentum through strategic drilling, forging new partnerships, and positive movements on the stock chart, according to experts.

The company has consistently focused on leveraging its core strengths: selecting promising projects, targeting high-grade silver in a renowned district, and maintaining a disciplined exploration budget, wrote John Newell of John Newell & Associates for Streetwise Reports on July 14.*

Now, it seems the narrative and the chart are aligning once again, he said.

*"When I first wrote about Silver North in September 2024, shares were trading around CA$0.10," Newell wrote. "At the time, the company had just pivoted from a prospect generator to a 100% exploration model, placing all eyes on the Haldane project in the Yukon's prolific Keno Hill silver district. That shift, led by CEO Jason Weber, gave Silver North the freedom to drill aggressively on its own terms, and to own 100% of any discovery. Fast forward to today, and we're seeing the results of that decision begin to play out."

Situated in the heart of the Keno Hill Silver District, Silver North's flagship, the 100%-owned Haldane Silver Project, is positioned just 25 kilometers west of Hecla Mining Co.'s operations. Haldane boasts over 12 kilometers of cumulative vein exploration potential, much of which is yet to be explored.

2025 Exploration Plans

Last week, the company unveiled its exploration plans for 2025 at Haldane. Its exploration agenda includes a 10-hole diamond drilling program spanning approximately 2,500 meters, targeting the expansion of Keno-style silver lead-zinc mineralization at the recently discovered Main Fault target. This area is distinguished by a wide zone that hosts at least three high-grade silver veins.

"This program marks a significant step for Silver North in its efforts to augment silver resources in the Keno District," Weber said. "We believe the Main Fault holds the potential to become a substantial silver resource, and the 2025 program is designed to begin delineating that potential."

The exploration strategy includes one drill hole intended to test the continuity of mineralization approximately 60 meters down dip from the HLD24-30 intersection, the company said. The additional drill holes, subject to on-site adjustments based on logistical considerations or visual assessments, will be strategically placed in trios on sections roughly 50 and 100 meters southwest and 50 meters northeast of the discovery section. This arrangement aims to assess the strike and depth continuity of the mineralization.

Furthermore, if time and budget permit, an extra drill hole might be conducted at the Bighorn target to further investigate silver-bearing quartz-siderite-galena veins identified in the only previous drill conducted there, according to the company.

Recent Results

Recent drilling results have been promising, with hits such as 1.83 meters of 1,088 grams per tonne silver (g/t Ag) and 3.03 meters of 423 g/t Ag in the 2024 drilling program. These results indicate that the Main Fault and West Fault zones at Haldane are shaping up to be significant discoveries, particularly where these structures intersect the Keno Hill quartzite — a key host rock in the district.

Haldane stands as a potential game-changer for Silver North, validating the company’s shift to a 100% exploration model, Newell wrote.

Silver North has skillfully navigated through a challenging market, setting the stage for what could be a robust second act, the analyst said. Its focus on wholly owning high-grade silver targets is starting to yield tangible results, both through its flagship Haldane project and its collaborative efforts on Tim and Veronica.

From a technical perspective, he said the stock had broken through critical resistance, suggesting a shift in market sentiment. Fundamentally, the company is positioned in one of the world's highest-grade silver districts, backed by institutional partners and government grants.

Newell said he views the shares as attractively priced for both short and long-term investors, making Silver North a speculative buy at current levels, especially given the broader strength in the silver market and the potential for revaluation to more normalized levels.

'A Pure Silver Opportunity'

On July 31, Ahead of the Herd's Rick Mills interviewed Bob Moriarty of 321Gold.com to discuss junior miners, including Silver North.

Mills pointed out that several months back, the pair pinpointed the low point for junior miners and decided to start buying shares and engaging in private placements because they were attractively priced relative to their market caps and were raising funds for drilling operations.

"It appears we've performed quite well, Mills noted. "All those stocks have now commenced drilling, they were appreciating beforehand and now show significant gains based on visual indicators and some preliminary results. I believe we're well-positioned in that sector, but now another wave of stocks we helped finance and recommended to readers, like Harvest Gold Corp. (HVG:TSX.V) and Silver North, have successfully raised funds, identified targets and will soon begin drilling, both commencing very shortly."

Moriarty said, "Since 2020, Silver North has been reporting stellar results . . . Last year, the company discovered a new zone at the Haldane property, termed the Main Fault."

The company "represents a pure silver opportunity where the team has already made several discoveries, documented substantial silver ounces and I believe is progressing toward defining another Keno silver deposit," Mills noted.

"I'm quite pleased seeing these two companies (Harvest and Silver North) entering the field and commencing drilling operations."

Moriarty said Silver North has the elements essential "for actually receiving awards when purchasing stocks."

You want to buy assets when they're undervalued, but you also want to invest in companies that are actively making significant progress, Moriarty said.

"Both these companies are drilling in favorable locations with competent management," he told Mills. "They have financial resources, representing the ideal circumstances because we're experiencing an obvious bull market, we discussed these stocks when they were undervalued, and they'll soon release results. Will every company we've mentioned produce excellent results? Probably not, but some certainly will."

'Substantial Silver' Exists at Project

In an earlier interview with Moriarty on July 25, Mills said silver seems poised for a rise in value and that SNAG offers a prime silver investment opportunity situated in Canada's most prolific silver district, Keno Hill.

Keno Hill draws significant investment from Hecla, the largest silver producer in America. Nearby, Silver North's Haldane project shows promising signs of high-grade, extensive veins similar to those Hecla is currently mining at Keno Hill.

"You appreciate this company," Mills told Moriarty in an earlier interview on July 25.

Moriarty responded, "Here's the situation: I've known management for 15 years, they control excellent land positions within the Keno Hill district, conducting substantial drilling — they understand their assets and potential."

In a piece published on Streetwise Reports July 16, Moriarty highlighted the "remarkable story" of Silver North, particularly focusing on Haldane.

Moriarty continued, "Since 2020, Silver North has been reporting stellar results . . . Last year, the company discovered a new zone at the Haldane property, termed the Main Fault."

Expert: Skeptical View Turns 'Guardedly Bullish' on Silver

Michael Ballanger of GGM Advisory Inc. wrote on July 14 that he has long held a skeptical view of silver. However, Silver North is one of two silver juniors he owns.

"I turned guardedly bullish in 2025 but have chosen to remain modestly committed until this week," he wrote. "It is my current belief that the bullion bank behemoths have finally thrown in the proverbial towel and are standing aside in favor of a better shorting/selling opportunity at some point in the not-too-distant future."

Since 2020, enthusiasts have praised silver's virtues on various platforms, and while they've been generally right, according to Ballanger, their timing was premature as silver only recently started to catch up.

"The silver bugs are now fully engaged, enlivened, and enthusiastic about the future pricing potential for the shiny metal and it there is one thing has been lodged in my septuagenarian memory banks since 1979-1980, it is that when the silver bugs get thir way, the moves in the junior silver stocks are at once mind-boggling and awe-inspiring," Ballanger concluded.

The Catalyst: Silver Continues to Shine

The US$37.50 mark has repeatedly played a significant role in the silver market, so encountering some resistance at this level early Tuesday shouldn't come as a surprise, wrote Christopher Lewis for FX Empire on August 5.

At this juncture, there are numerous factors suggesting that silver may continue to experience volatility, he noted.

On Tuesday morning, the silver market appeared slightly weak as it once again grappled with the US$37.50 level, which has been a pivotal point. This price point has served as both a resistance in June and a support in July. The critical question now is: what direction will silver take?

"Despite the fact that we’ve seen a pretty significant pullback and we are seeing a certain amount of resistance, I still lean to the upside with the 50-day EMA underneath offering a bit of support," Lewis wrote. " Keep in mind that silver is highly sensitive to the U.S. dollar, and as the U.S. dollar starts to strengthen, it can put a little bit of weight on the silver market. That being said, it doesn’t necessarily mean that both can go up at the same time."

Given the current market conditions, it seems the market might be entering another consolidation phase, similar to what was observed in June, Lewis noted. I expect that eventually, we will break above the US$37.50 threshold. Should we see a daily close above this level, it's likely that additional traders will enter the market, potentially driving prices higher.

Silver currently shines as a standout commodity, witnessing a revival in investor interest and strong fundamentals that have propelled its prices to the highest in 14 years, as noted in a Mining.com report dated July 31. With impressive gains of 28% this year following a 21% increase last year, some analysts suggest that this upward trajectory is just the beginning, positioning silver as an attractive investment option, according to the report.

Citigroup has recently upgraded its short-term outlook for silver prices to over US$40 per ounce, citing a tightening supply and rising demand.

Ownership and Share Structure

According to Metallic Minerals' Investor Presentation, ownership of the company breaks down this way: management and associates own 15%, Newmont Corp. holds 9.5%, Eric Sprott has 12.5% and high net worth individuals own 15%.

Institutional ownership totals 20%. The remainder, 28%, is in retail.

As of August 5, the Canadian explorer has 179 million issued and outstanding shares. Its market cap is CA$15.97 million. Refinitiv reports Metallic Mineral's 52-week range is CA$0.07–0.25 per share.