Drilling Expands Strike Length at Yukon Silver Target

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1. Disclosure for the quote from the John Newell article published on January 8, 2026

1. For the quoted article (published on January 8, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
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.

John Newell Disclaimer

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.

2. 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.

Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) released final assay results from its 2025 drilling campaign at the Haldane Silver Property, located 25 kilometers west of Keno City in Yukon. The road‑accessible project sits in the historic Keno Hill Silver District and directly borders Hecla Mining's producing Keno Hill mine property.

Hole HLD25‑36 returned 9.10 meters averaging 428.3 grams per tonne silver, 0.73 grams per tonne gold, 5.26% lead, and 1.73% zinc from 182.40 meters downhole. The interval included a higher‑grade core of 2.80 meters grading 1,069 grams per tonne silver, 1.41 grams per tonne gold, 12.60% lead, and 3.02% zinc. Mineralization occurred within the Main Fault structure and consisted of siderite, quartz, galena, and sphalerite veins and breccias.

Hole HLD25‑38 also intersected multiple mineralized zones, including 1.90 meters within a broader 22‑meter interval grading 437 grams per tonne silver, 0.35 grams per tonne gold, 14.55% lead, and 4.04% zinc. Seven of the eight completed holes intersected the Main Fault, while HLD25‑37 was abandoned in the Main Fault, prior to core recovery.

"The Main Fault is showing itself to be a strong and complex fault structure capable of hosting high‑grade silver, gold, lead, and zinc mineralization," said Jason Weber, P.Geo., President and CEO of Silver North, in a company news release. "We are in the early days of revealing the potential of this target, one of three new discoveries Silver North has made so far on the property."

The 2025 drill program totaled 1,759.5 meters across eight holes, extending mineralization to approximately 100 meters of strike and 150 meters down dip. The company stated the system remained open in multiple directions.

Silver Sector Confronts Tight Supply, Volatility, and Market Realignments

Early January brought sharp volatility across the silver market as supply risks and investor positioning came into focus. Yahoo Finance reported on January 12 that silver briefly traded above US$84 per ounce amid geopolitical stress and renewed safe‑haven demand. Robin Brooks of the Brookings Institution called the political climate surrounding the U.S. Federal Reserve a "deeply destabilizing event," while analysts cited central bank gold accumulation and new Chinese export restrictions as additional supply‑side pressures.

Bryan Lutz of DollarCollapse.com reported on January 12 that physical silver availability was tightening in North America. Although he said there was no widespread panic, he observed shrinking inventory at large retailers such as Costco, including limited listings for 10‑ounce PAMP bars and new quantity caps that he described as real‑time evidence of pressure on physical supply.

Commodity strategist Jen Bawden wrote that silver closed at US$79.92 on January 12 following a sharp rebound. She pointed to a widening disconnect between physical and paper markets, noting that Shanghai premiums reached US$8 per ounce while New York futures traded near US$70. Bawden labeled the divergence the "Great Divorce of 2026."

Bawden also referenced a January 5 note from JPMorgan Global Research, which said silver's recent outperformance could face mean‑reversion pressure. Greg Shearer, Head of Precious Metals at JPMorgan, said algorithmic trading and index rebalancing were expected to weigh on prices in the short term.

Citigroup analysts said in a January 8 note that about US$6.8 billion in silver futures would be sold as part of the annual Bloomberg Commodity Index rebalance. Citi described the volume as "unprecedented" and forecast an average silver price of US$70 in 2026, which it viewed as a potential new base level.

Price expectations for 2025 varied widely, with BMO Capital Markets projecting an average of US$26.50, while Goldman Sachs initially forecast US$35 before revising higher as silver outperformed. Both banks cited index‑driven flows as key influences on their 2026 outlooks.

Analysts Point to Breakout Drill Results at Haldane

Bob Moriarty of 321 Gold called the initial results from Silver North Resources Ltd.'s 2025 drill program "outstanding" in a November 18 commentary. He pointed to a key intercept of 13.15 meters grading 818 grams per tonne silver, 1.39 grams per tonne gold, 2.54% lead, and 0.98% zinc as a standout from the program's early holes.

On December 9, Michael Ballanger reported that Silver North had returned "more positive drill results" from the Haldane Project. He highlighted a 14.40-meter intercept grading 231 grams per tonne silver, which included a subinterval of 1.25 meters at 1,261 grams per tonne silver. The new results extended mineralization at the Main Fault zone by 50 meters along strike and brought the total defined extent to 100 meters on strike and 150 meters downdip.

Ballanger followed up on January 7, 2026, describing Silver North as "a perfect place to invest" in the silver trade. He cited the company's proximity to the historic Keno Hill Silver District and praised the management team's execution. Referencing the November drill results, he said, "Elevated gold values really got my attention, as well as the rest of the market," noting that the stock saw a sharp move higher. He set a CA$1.00 price target and said he would reassess the position at that level.

¹John Newell of John Newell & Associates weighed in the next day, calling Silver North a junior explorer benefiting from broader market shifts. He said silver had "achieved every major upside objective" to that point and viewed the company's improving technical setup, tight share structure, and strong insider ownership as catalysts for potential re-rating. Newell described Silver North as a credible discovery story in a proven high-grade silver district.

Rick Mills of Ahead of the Herd provided additional commentary on January 14, highlighting Silver North's progress at Haldane. According to Mills, the 2025 drill program successfully tested the Main Fault across 150 meters of strike and 150 meters downdip, validating the company's geological model. He called HLD25-31 one of the best holes on the property to date, noting 13.15 meters of 818 g/t silver and 1.39 g/t gold, including 3.2 meters grading 2,014 g/t silver and 1.72 g/t gold. Mills said the high silver content — over 80% of metal value — confirmed the project's position as a true silver play.

Mills also pointed to the Main Fault's continuity and scale, with 300 meters of surface strike and comparable downdip potential. He noted that every drill hole but one encountered mineralization and said the program had delivered a near-perfect success rate. Mills concluded that the company had the potential to outline a deposit similar in scale to Keno Hill's 30-million-ounce silver mines, with 2026 drilling expected to better define the size of the system.

Main Fault Momentum: A Discovery Still Unfolding

Silver North's Haldane Silver Property has continued to evolve as a district-scale exploration story in one of Canada's most prolific silver belts. The company's September 2025 presentation outlines four vein targets — Main Fault, West Fault, Middlecoff, and Bighorn — all open for expansion. The latest program focused on Main Fault, which Silver North called its most recent and most promising discovery to date.

The company is funded for 2026 exploration and plans to begin with an airborne geophysical survey in the first half of the year to refine drill targets. With infrastructure in place and proximity to producing operations, Silver North remains positioned within an active silver-producing corridor.

Beyond Haldane, Silver North also holds the Tim Silver Project, located 19 kilometers from Coeur Mining's Silvertip Mine. Results at Tim have confirmed the presence of a carbonate replacement deposit (CRD) system, expanding the company's exposure to silver-lead-zinc exploration. 

Ownership and Share Structure²

Management and strategic Investors own 14.6%, and the rest is retail. 

The company has a market cap of approximately CA$23.19 million and a 52week shareprice range of CA$0.08to CA$0.57 per share. 

Silver North's continued focus on the Main Fault and surrounding targets aligns with its stated objective of advancing high-grade discoveries in established silver districts. The 2025 results underscore the mineral potential of Haldane and reinforce the company's strategy of developing projects alongside major silver producers.