Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) reported new drill results from the 2025 exploration program at the Haldane Silver Property in the Keno Hill Silver District, Yukon, extending the Main Fault mineralized structure by an additional 50 meters along strike. The Main Fault has now been intersected over more than 100 meters in strike length and approximately 150 meters downdip, with surface mineralization bringing the total downdip extent to more than 300 meters.
Hole HLD25-35 returned 14.40 meters of 231 grams per tonne silver, 0.24 grams per tonne gold, 0.54% lead, and 0.39% zinc beginning at 170.60 meters depth. Within this interval, 1.25 meters averaged 1,261 grams per tonne silver and 0.74 grams per tonne gold. The hole also intersected a deeper structural splay that included 0.80 meters grading 642 grams per tonne silver and 4.57% zinc. Hole HLD25-34, drilled approximately 50 meters updip, intersected 13.60 meters of 146 grams per tonne silver, 0.15 grams per tonne gold, 2.34% lead, and 1.24% zinc, including a 1.20 meter interval that averaged 467 grams per tonne silver and 12.07% lead.
"The Main Fault continues to produce significant silver intersections at Haldane," said Jason Weber, P.Geo., President and CEO of Silver North, in the news release. He stated that these results were consistent with those from the 2024 discovery section and noted the strengthening of grades and widths with depth.
Five of eight holes drilled in 2025 have now been reported, totaling 1,759.5 meters. The Haldane Property covers 8,579 hectares, is road accessible, and lies adjacent to the Keno Hill Silver Mine, where multiple silver-bearing quartz siderite vein systems are known to occur.
Silver North also released final analytical results from its 2025 field program at the Veronica Property in southern Yukon, part of the GDR Project. The company reported overlimit lead assays from float samples containing massive galena at the Lodge and Cooper showings, located within a one kilometer by one kilometer silver lead zinc soil anomaly known as the Betty Target.
Michael Ballanger of GGM Advisory Inc. reiterated his favorable outlook on Silver North and referred to it as his "top junior silver pick for 2025 and beyond."
Two previously announced silver-bearing float samples containing massive galena from the Lodge Showing returned final lead grades of 76.8% and 9.6%. The higher grade sample also contained 2,860 grams per tonne silver, 0.412 grams per tonne gold, 0.13% copper, 0.18% zinc, and 2,250 parts per million antimony. At the Cooper Showing, a silver-bearing outcrop sample grading 33.17 grams per tonne silver returned 1.36% lead.
"Lead mineralization, in the form of the mineral galena, is an important component of CRD style mineralization in the Silvertip District," said Weber in the December 11 announcement. He added that although the Lodge samples were float, their grades demonstrated the potential for high-grade silver and lead mineralization at the Betty Target.
The Betty Target anomaly contains silver values from 1 part per million to 31.1 parts per million, lead from 50 parts per million to 8850 parts per million, and zinc from 200 parts per million to 3830 parts per million. The anomaly remains open to the east and possibly to the south. The Veronica claims are located near the Tim Property and lie within an area targeted for high-grade silver, lead, and zinc mineralization similar to that found at the Silvertip Mine.
Following field work, all samples were transported to ALS Laboratories for four acid digestion and ICP analysis, with fire assay for gold and additional ore grade procedures for overlimit silver and lead. The company noted that grab and float samples are selective in nature and may not represent the overall grade of the underlying mineralization.
Silver Market Dynamics and Industrial Demand
According to a December 10 report from Leede Financial, installed photovoltaic power capacity had increased more than tenfold over the past decade, with China contributing 51% of that global growth. Leede stated that silver demand from photovoltaics had expanded faster than demand from other industrial uses, noting that "silver demand for photovoltaics now makes up 29% of total industrial demand, while in 2014 it only made up 11%." The report added that while PV installations had risen more than tenfold relative to a decade earlier, silver demand from PVs was only threefold higher, which reflected technological developments that reduced the amount of silver required per cell.
A sector commentary from Peter Krauth dated December 10 reported that silver had traded above US$60 per ounce for the first time, describing it as "another milestone record high." He wrote that this move occurred less than two months after silver surpassed US$50 and pointed to tightening supply conditions, stating that he and his colleague Jeff Clark had discussed "five straight years of global deficits, shrinking inventories and tightening supply." Krauth also noted that industrial demand had remained strong and that China had been "quietly absorbing physical metal," which he said contributed to ongoing pressure on available supply.
The BBC provided additional context in a report published that same day, noting that silver had crossed US$60 per ounce on the spot market ahead of an anticipated US Federal Reserve rate cut. The article stated that investors tended to shift capital into precious metals as interest rates fell and the US dollar weakened. Yeow Hwee Chua of Nanyang Technological University explained that falling rates "naturally shift demand toward assets viewed as stores of value, including silver." Reuters also reported that strong industrial demand had pushed the value of silver higher, with experts citing the metal's role in electric vehicles and solar panels. Kosmas Marinakis of the Singapore Management University stated that silver was "not only an investment asset but also a physical resource," and that more manufacturers were finding a need for the material. The report added that demand had outstripped supply and that most global silver output occurred as a by-product of mining for other metals, making rapid increases in production difficult.
Experts Highlight Strengthening Case for Silver North
On November 17, Michael Ballanger of GGM Advisory Inc. reiterated his favorable outlook on Silver North and referred to it as his "top junior silver pick for 2025 and beyond." He highlighted new results from the Haldane Silver Property, noting the width and grade of the intercepts. Ballanger drew attention to hole HLD25-31, which intersected 13.15 meters, averaging 818 grams per ton silver, 1.39 grams per ton gold, 2.54% lead, and 0.98% zinc. Within that interval, a 3.2-meter section returned 2,014 grams per ton silver and 1.72 grams per ton gold. He wrote that "these results are like being in a time capsule transporting [me] back to the late 1970s" and commented that elevated gold values alongside high-grade silver could contribute to a re-rating of Silver North's valuation. He stated that "speculative buying in anticipation should take the share price to a new 52-week high" and concluded with a "STRONG BUY" recommendation on the shares.
Bob Moriarty of 321 Gold also commented on November 18, stating that "the results were outstanding" in reference to the first three holes of the 2025 drill program. He cited intervals including 13.15 meters of 818 grams per ton silver, 1.39 grams per ton gold, 2.54% lead, and 0.98% zinc as key outcomes from the early phase of the program.
Michael Ballanger provided additional commentary on December 9, stating that Silver North had delivered "more positive drill results" from the Haldane Project. According to the report, the latest work extended Main Fault mineralization by another 50 meters along strike and included intercepts such as 231 grams per ton silver over 14.40 meters, with a higher grade subinterval of 1,261 grams per ton silver over 1.25 meters. GGM noted that five holes had been reported to date and that the zone now extended 100 meters on strike and 150 meters downdip in drilling.
Streetwise Ownership Overview*
Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB)
Main Fault Growth Highlights Ongoing Exploration Momentum
Silver North's corporate materials indicate that the primary objective of the 2025 drill program was to expand the Main Fault discovery both along strike and down dip. The company reports three new vein discoveries across the Haldane Property, with only a limited number of drill holes completed to date. The Main Fault, confirmed during the 2024 program and extended through the latest results, remains open for further drilling.
The Haldane Property lies within the same geological setting that hosts the Keno Hill Silver Mine, a historic high-grade district with more than 220 million ounces of past production. Recent work suggests potential for multiple Keno-style vein systems at Haldane, supported by confirmed mineralization at targets including Main Fault, West Fault, Bighorn, Middlecoff, and Johnson.
Ownership and Share Structure1
Management & Strategic Investors owns 14.6%, and the rest is retail.
The company has a market cap of approximately CA$23.19 million and a 52‑week share‑price range of CA$0.065 to CA$0.43 per share.
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Important Disclosures:
- Silver North Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- 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.
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- 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.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
