Central bank gold purchases have continued to underpin precious metals markets, providing a supportive backdrop for silver explorers operating in high-potential districts such as Yukon. Retail investors watching macroeconomic trends may find this environment particularly relevant as official institutions seek diversification away from traditional reserve assets.
Within this setting, Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) has outlined an aggressive exploration schedule that aligns with broader sector momentum. The company is advancing multiple silver-focused initiatives across its Yukon portfolio, distinguishing itself through scale and continuity of work.
Yukon continued to attract exploration activity as the 2026 field season got underway, with multiple companies advancing drill programs, property acquisitions, and exploration campaigns across the territory. This sustained interest stems from the territory's established mineral endowment in copper, gold, and silver, drawing both established and emerging operators.
Silver North stands out because of its fully funded, multi-year drill commitment at the Haldane project in the Keno Hill Silver District. The company has secured a two-year contract supporting two rigs and 10,000 to 14,000 meters of drilling, supplemented by a SkyTEM airborne geophysical survey covering the Main, West, Bighorn, Johnson, and Middlecoff zones. This level of sustained activity differentiates the firm from peers with shorter programs.
The program is being conducted alongside several other exploration initiatives across Yukon. Yukon Metals Corp. (YMC:CSE) recently began a fully funded 5,000-meter drill campaign at its AZ and Birch copper-gold properties, while Selkirk Copper Mines Inc. (SCMI:TSX.V; SKRKF:OTCQB) reported results from its 50,000-meter Phase 1 drill program at the Minto Mine. Gold Strike Resources (GSR:TSX.V; GDSRF:OTC) announced a US$15 million bought-deal financing and additional project acquisitions in the Tombstone Gold Belt, and White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) continued exploration activities across the White Gold District.
According to a June 5 analysis published by GoldFix, citing a report from UBS strategist Joni Teves, World Gold Council data showed that central banks and other official institutions purchased a net 244 tonnes of gold during the first quarter, representing a 3% increase from the same period a year earlier and exceeding market expectations. The report noted that concerns about slowing official-sector demand had not materialized, with Teves stating that central banks may not be pushing gold higher but continue to make it harder for gold to fall.
UBS also addressed reserve changes reported by Trkiye, noting that fluctuations in reported holdings did not necessarily reflect long-term selling activity. According to the report, reserve figures could be influenced by gold swaps, domestic liquidity operations, and commercial banking activity. Teves wrote that headline reserve changes do not necessarily equal structural selling.
Writing for CNBC on June 5, Michael Khouw stated that gold was trading near its 200-day moving average while testing the 50% Fibonacci retracement level of its previous advance. A 200-day moving average is a widely followed technical indicator that smooths price data over roughly ten months of trading sessions. Fibonacci retracement levels help identify potential support or resistance points based on prior price swings.
Silver market commentary published June 8 by commodities analyst Patrick MontesDeOca focused on the metal's longer-term price structure. MontesDeOca wrote that silver futures continued to follow the structure of a major 360-day cycle that began in September 2025. He stated that silver advanced from US$43.47 to US$121.78 between September 2025 and January 2026, describing the move as an extraordinary rally of approximately 180% in only four months.
According to silver pricing data published June 8, spot silver was quoted at US$67.86 per ounce. Historical performance figures cited in the report showed gains of 16.35% over the previous six months and 88.56% over the prior 11 months.
Streetwise Ownership Overview*
Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB)
| Strike Price | Number | Expiry Date |
|---|---|---|
| $0.3 | 1,259,999 | 10/19/26 |
| $0.2 | 62,755 | 10/19/26 |
| $0.3 | 100,000 | 12/28/26 |
| $0.2 | 43,750 | 12/28/26 |
| $0.2 | 5,260,000 | 04/11/27 |
| $0.15 | 69,360 | 07/31/27 |
| $0.15 | 314,800 | 08/12/27 |
| $0.35 | 414,090 | 12/19/27 |
| $0.15 | 252,000 | 04/09/28 |
| $0.15 | 9,755,000 | 04/09/28 |
| $0.35 | 2,500,000 | 06/21/28 |
| $0.35 | 1,099,250 | 06/28/28 |
| $0.35 | 556,250 | 07/18/28 |
| $0.56 | 11,048,373 | 02/10/29 |
| $0.4 | 1,546,772 | 02/10/29 |
| $0.35 | 1,233,500 | 07/31/29 |
| $0.35 | 5,000,000 | 08/12/29 |
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 08/14/23 | ANZ | 5 | SNAG | 1 |
| 04/30/15 | TCC | 10 | ANZ | 1 |
Key Assets and 2026 Catalysts at Silver North
Silver North Resources has outlined exploration activities across its Haldane, Tim, and Veronica properties in Yukon, according to its corporate presentation. At the Haldane silver project, the company reported that its 2025 program extended the Main Fault mineralized footprint to at least 100 meters of strike length and 300 meters down dip from surface. The 2026 program is intended to focus on building the Main Fault discovery down dip and along strike, with airborne geophysics planned to refine targeting and two drill rigs operating for a four- to five-month period.
The company identified several target areas at Haldane, including the Main Zone, West Fault Zone, Bighorn Zone, Middlecoff Zone, and Johnson area. At the Tim property, Silver North reported that drilling and trenching work identified the Wolf Fault as a priority target and that previous drilling confirmed the presence of what the company describes as a productive carbonate replacement deposit system. Carbonate replacement deposits are a type of mineral occurrence where metal-bearing fluids replace carbonate host rocks, often producing high-grade silver and base-metal veins.
Silver North also outlined plans at the Veronica property, located north of Coeur Mining's Silvertip Mine. The company reported that exploration work expanded the Betty soil anomaly to more than one kilometer by one kilometer and identified silver-lead mineralization through prospecting and outcrop sampling. The presentation describes Veronica as a high-priority target for 2026 exploration.
Analyst Perspectives and District Context
1According to a February 23 report from John Newell of John Newell & Associates, exploration activity in the Keno Hill Silver District continued to draw attention as companies advanced drilling and funding initiatives. Discussing developments at the Main Fault target, Newell wrote that the Main Fault is showing the scale and complexity needed to host high-grade mineralization, and they are still early in revealing its potential. Newell also pointed to the importance of exploration funding, stating that a recently completed brokered financing had effectively funds the next two years of exploration.
Additional commentary on exploration work in the district appeared in an April 28 report from Michael Ballanger of GGM Advisory Inc. Ballanger wrote that a SkyTEM312 airborne survey had been completed on the Haldane property and stated that most of their 2026 activity will be focused on Haldane. Ballanger also referenced the district's history, noting that the Keno Hill Silver District was the site of the legendary United Heno Hill Mines epic move from CA$0.60 to CA$60 back in the late 1970's.
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.
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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 and Selkirk Copper Mines.
- Jordan Nova 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. Disclosure for the quote from the John Newell article published on February 23, 2026
- For the quoted article (published on February 23, 2026), Silver North Resources has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.
- 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.
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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.
