New Airborne Survey Launches Over High-Grade Silver Target in Yukon

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1. Disclosure for the quote from the John Newell article published on February 23, 2026

1. For the quoted article (published on February 23, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.
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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.

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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) announced that an airborne magnetics and VTEM geophysical survey has commenced at its Veronica Project in the Silvertip-Midway District of Yukon. The program is being conducted by Geotech Ltd. and includes magnetics and time domain electromagnetic VTEM surveys using 100 meter spaced flight lines and 1,000 meter spaced tie lines, totaling 253 line-kilometers of survey.

According to the company, the work is intended to support mapping of lithology and host stratigraphy while also identifying structural architecture and potential faults that could host and control mineralizing systems. The company referenced previous exploration results at the property area, including a float cobble sample grading 2,860 g/t silver from the Lodge showing and 33.2 g/t silver identified in a northeast-trending fault at the Cooper showing.

Jason Weber, President and CEO, stated in a company news release: "The primary focus of this survey is to advance the mapping of stratigraphy and structure." He added, "In addition, we believe it has potential to identify conductive or low-resistivity CRD manto targets in the subsurface." Weber also stated that integrating the data with the adjacent Tim Property dataset was expected to provide "greater insight into a much larger mineralizing system extending across both projects."

Silver Sector Trends Supported by Rising Prices and Market Activity

Gold and silver markets experienced strong price activity in early May as macroeconomic and geopolitical developments influenced investor positioning. Gerelyn Terzo wrote on May 6 that the PHLX Gold/Silver Sector climbed "roughly 8%" as buying activity increased across bullion and mining equities. Spot silver was reported at "roughly US$77 an ounce," while "silver futures" posted a "6% jump." The report stated that a weaker U.S. dollar and changing inflation expectations contributed to movement in precious metals pricing. Terzo also wrote that "Silver outpacing gold is the tell here," noting that "Silver has industrial exposure that gold lacks, so when both rally together it usually signals investors expect easier policy without a recession."

Chen Lin wrote on May 13 that silver continued to show strong market activity, stating simply: "Silver hit 90!" He also noted that his top silver holdings were "becoming the momentum stock, hitting new highs everyday!"

According to a May 14 analysis from The Sharpe Quest, silver pricing continued to support activity across the sector. The report stated that "new all-time highs... coincided with a new push in silver," with silver having "closed near US$84." The analysis also discussed cost structures and operating metrics within silver mining, stating that all-in sustaining cost remained an important measure across the industry. It highlighted operations running at "US$12.86/oz of silver," which the report stated was "well below peers." The report also noted that by-product credits from metals such as lead and zinc reduced overall operating costs and stated that "the by-products pay more than the cost of operating the mine."

The Sharpe Quest also discussed broader silver market conditions and wrote that "the silver market has already accumulated a deficit for the sixth consecutive year," describing it as a "structural tailwind." The report further stated that options activity showed "investor positioning is optimistic," while adding that market participants appeared "positioned to let a long position run."

Exploration Activities and Program Details

Materials included in the company's corporate presentation described Veronica as one of three projects acquired under the GDR Project and identified it as a high-priority exploration target for 2026. The presentation stated that the property is located approximately 12 kilometers north of Coeur Mining's Silvertip Mine and was described as exploring the same rocks hosting Silvertip mineralization.

According to the presentation, Silver North held an option to earn a 100% interest in the GDR Project through staged cash payments totaling US$102,000 over four years and staged share payments totaling 1,500,000 common shares over the same period. The agreement remained subject to a net smelter return royalty of 2.4%, of which the company stated 0.9% could be repurchased for US$2 million.

The presentation also noted that Silver North had reported exploration work at the Betty target during 2025, where the anomaly area more than doubled to over one kilometer by one kilometer and remained open to the east and possibly south. It further stated that prospecting identified silver-lead mineralization on the property, including float cobbles containing 2,860 g/t silver and outcrop mineralization returning 17.15 g/t silver and 33.7 g/t silver. 

Silver North's presentation described Veronica as a "high-priority target for 2026 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 52-week share price range of CA$0.08 to CA$0.57 per share.