This Silver Explorer Hit on About 80% of Its Holes. Now Its Biggest Drill Program Yet Is Underway

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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), Silver North Resources has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.
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.

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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) is undertaking its largest drill program to date at its Haldane property in the Keno Hill district, building on previous drilling that Executive Chair Mark T. Brown said has encountered high-grade silver, lead and zinc, along with smaller amounts of gold, in about 80% of the company's holes.

In an August 17 interview with Streetwise Reports, Brown outlined an investment case centered on the grades encountered in previous drilling, continued expansion around the Main Fault, testing of additional targets and the property's proximity to Hecla's operating Keno Hill mine. He also pointed to a series of upcoming drill results that he expects to begin around the end of September.

High-Grade Silver Anchors the Investment Case

Brown said Silver North's previous drilling has regularly returned silver grades above 1,000 grams per ton over varying sample widths.

"We've been drilling high-grade silver, with lead, zinc, and a little bit of gold, and we've hit on about 80% of our holes," Brown said. "And this year we're having our biggest drill program ever."

Brown cautioned that the approximately 80% historical hit rate should not be assumed for the current program because Silver North is completing larger step-outs and drilling new areas. Around the Main Fault, however, he said the company has previously encountered mineralization in a substantial portion of its drilling.

One result Brown highlighted was an approximately 13-meter interval grading about 800 grams per ton silver along with additional elements. He said the significance of individual step-outs can be difficult to convey because the company's objective is to extend areas of high-grade mineralization.

"We've hit a little core of high-grade silver," Brown said. "Every 50-meter step-out hole, it doesn't seem like very much, but it adds a lot more ounces because these things are so high grade."

Brown also noted that some of the individual silver grades discussed by the company represent silver alone, with gold, lead and zinc occurring in addition to the reported silver. Silver North also publishes equivalent grades that incorporate additional metals.

Another part of the case Brown outlined is the potential for multiple zones of mineralization across the property. He said the company's goal is to identify multiple silver veins, which elsewherein the Keno Hill Silver District, historically average 20 million to 40 million ounces of silver. Brown said Silver North believes the vein it has been drilling could fall somewhere within that range, although no resource estimate for that target was provided in the interview.

"If we can get two or three or more of those and get over 100 million ounces of potential silver resource in the ground, that's pretty attractive to other major silver companies," Brown said.

That remains a company objective rather than an established resource, and the current drilling is intended in part to determine what additional mineralization is present.

Silver North's location is another element Brown highlighted. Hecla operates the neighboring Keno Hill mine, and Brown said Hecla representatives have visited Silver North multiple times in the past.

Brown said Hecla's technical team has also been very gracious with Silver North in discussing its experience exploring the . A good example of this, according to Brown, is Hecla advised the company that a narrow, lower grade mineralized intercept can establish the presence of a productive fault and that continued drilling along the structure could potentially encounter wider intervals.

"Just keep drilling along that fault, and there’s a chance you'll hit a wide intercept. Once you are onto a productive vein/fault, they can change in width and tenor of mineralization very quickly into target with economic potential," Brown said, recounting the guidance Silver North received from Hecla.

Brown also said the distance from Silver North's ground to Keno Hill is approximately 10 kilometers by the route he described during the interview.

Largest Drill Program to Date Tests New Ground

Silver North is currently carrying out its largest drill program to date, with work focused both on the Main Fault and additional areas of the property.

At the Main Fault, Brown said the company has been completing 50-meter step-out holes. Silver North has also drilled a roughly 350-meter step-out along strike to the southwest to test whether the mineralized structure continues farther from the established drilling.

The company is also drilling at Bighorn. Brown said one hole completed there in 2019 encountered four intervals of lower-grade silver but was not followed up at the time. Silver North now plans to complete three or four holes in that area during the current program.

"We drilled one hole in there in 2019, and never followed up on it," Brown said. "But we hit four intercepts of low-grade silver, and so again, the Hecla guys told us to follow up on those results, so we're going to do three or four holes there this year."

Drill Results Expected Around the End of September

The most immediate catalyst Brown identified is the release of results from the ongoing drill program.

Asked during the Streetwise Reports interview when investors could expect the next results, Brown initially said the end of September before describing the expected timing as exceeding four weeks. He said additional drill results are expected after the first release as results from the broader program become available.

"The drill results are the key to all of this," Brown said.

Those results will include drilling around the Main Fault as Silver North tests extensions to previously encountered mineralization, along with drilling in less-tested portions of the property.

Bighorn provides another specific area to watch. The planned three or four holes will follow up on the four lower-grade silver intercepts Brown said were encountered in the single 2019 hole.

The larger program is expected to continue generating results beyond the initial assays. Brown said Silver North expects news from the drilling to continue through the remainder of the year.

"This is our largest drill program ever this year, and it's the largest one because we've had success in the past, and we're building on that," Brown said. "And so we should have, you know, a steady news flow right till the end of the year."

Analysts Highlight Haldane Drilling, Funding, and Exploration Catalysts

¹John Newell of John Newell & Associates focused on Silver North's position in the Keno Hill Silver District in a February 23 report, including work at the Main Fault target. He 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 highlighted Silver North's financing position following completion of a brokered financing, which he said: "effectively funds the next two years of exploration." He maintained a "Speculative Buy" recommendation and wrote that the company had "shifted from 'prove it' mode into 'expand it' mode." His technical analysis identified a "big picture target at CA$1.05."

Michael Ballanger of GGM Advisory Inc. turned to the Haldane program in an April 28 report following completion of the SkyTEM312 airborne survey. He wrote that "most of their 2026 activity will be focused on Haldane." Ballanger also discussed the history of the Keno Hill Silver District, describing it as "the site of the legendary United Keno Hill Mines epic move from CA$0.60 to CA$60 back in the late 1970's."

Peter Krauth of The Silver Advisor discussed the newly launched Haldane drilling program in a June 17 report. He noted that two rigs were expected to operate through the summer and into the fourth quarter, with work focused on expanding the Main Zone and testing targets generated through fieldwork and the SkyTEM survey.

Krauth highlighted HLD25-31, which returned 13.15 meters grading 818 g/t silver along with gold, lead and zinc. He also noted that the second rig was expected to evaluate Bighorn and other targets while field crews conducted mapping and ground-truthing work. Silver North expected to complete between 5,000 and 7,000 meters of drilling before the program concluded in October, according to Krauth. He disclosed that he owned shares and described Silver North as "a higher-risk play as it's still early," adding that "results so far are quite bullish."

Richard Mills of Ahead of the Herd provided a broader assessment of Silver North's exploration portfolio in a June 24 report. Mills noted that two diamond drill rigs were operating at Haldane, with up to 7,000 meters of drilling expected by October as part of a two-year program funded for between 10,000 and 14,000 meters.

Mills described the Main Fault as the third discovery Silver North had made at Haldane and highlighted the 2025 drilling that preceded the larger 2026 campaign. Discussing HLD25-31, he wrote that the main fault was "a large chunk of mineralization that appears to coalesce from a wide zone with multiple veins into a narrower (albeit still 13 meters wide in hole HLD25-31) higher grade zone that, interestingly, also has gold with it."

Mills also focused on the silver contribution to the Haldane mineralization. "The high silver grades indicate that Haldane is a primary silver play," he wrote, noting that silver represented 81% of the value in HLD25-31, compared with 12% gold, 5% lead, and 2% zinc.

He identified expansion of the Main Zone and testing of known and newly generated targets as the two objectives of the 2026 drilling program. Mills noted that one rig was expected to move from the Main Zone to targets including Bighorn, while targets generated through surface fieldwork and the completed SkyTEM survey were also being evaluated.

Beyond Haldane, Mills discussed the Tim and Veronica properties. He noted that Silver North had regained 100% ownership of Tim following termination of an option agreement as of May 24. At Veronica, he highlighted the airborne magnetics and VTEM geophysical program and the company's work integrating information from Veronica with the adjacent Tim dataset.

"The company's success at the drill bit is certainly impressive," Mills wrote. He pointed to three Keno-style silver vein discoveries made in 24 holes and identified Haldane drill results, data from the completed Haldane geophysical survey, and the Veronica geophysical program among the company's shorter-term exploration catalysts.

Ownership and Share Structure²

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

As of August 13, 2026, the company has a market capitalization of approximately CA$25 million and a 52-week share price range of CA$0.185 to CA$0.57 per share.

Silver North Resources FAQs

What is Silver North Resources Ltd.?

Silver North Resources Ltd. is a silver exploration company advancing exploration at its Haldane property in the Keno Hill district. In an August 17 interview with Streetwise Reports, Executive Chair Mark T. Brown highlighted the company's high-grade silver drilling, its ongoing 2026 exploration program, and upcoming drill results.

What is the ticker symbol for Silver North Resources stock?

Silver North Resources trades under the ticker SNAG on the TSX Venture Exchange and TARSF on the OTCQB.

Where is Silver North Resources drilling in 2026?

Silver North Resources is conducting its largest drill program to date at the Haldane property in the Keno Hill district. Current work includes drilling around the Main Fault as well as testing additional areas, including Bighorn and a roughly 350-meter step-out toward Middlecoff.

How high are Silver North's silver grades at Haldane?

Brown said previous Silver North drilling has regularly returned silver grades above 1,000 grams per ton, with some results exceeding 5,000 grams per ton and, in some cases, 15,000 grams per ton. He also highlighted an approximately 13-meter interval grading about 800 grams per ton silver, along with additional elements.

What was Silver North's HLD25-31 drill result?

HLD25-31 returned 13.15 meters grading 818 grams per ton silver along with gold, lead, and zinc. Peter Krauth of The Silver Advisor and Richard Mills of Ahead of the Herd both highlighted the hole when discussing Silver North's Haldane exploration program.

What is Silver North's historical drilling hit rate?

Brown said Silver North has encountered high-grade silver, lead, and zinc, along with smaller amounts of gold, in about 80% of its previous holes. He cautioned that investors should not assume the same rate for the current program because Silver North is completing larger step-outs and drilling in new areas.

When will Silver North release its next 2026 drill results?

Brown said during the August 17 Streetwise Reports interview that Silver North expects its next drill results around the end of September, describing the timing as approximately four weeks. He said additional drill results are expected afterward as results from the broader program become available.

What is Silver North drilling at the Main Fault?

Silver North is conducting 50-meter step-out drilling around the Main Fault as it tests extensions to previously encountered mineralization. Brown said the company has also drilled a roughly 350-meter step-out toward the Middlecoff area.

What is the Bighorn target at Silver North's Haldane property?

Bighorn is another target being tested during Silver North's 2026 Haldane exploration program. Brown said a 2019 hole encountered four intervals of lower-grade silver, but it was not followed up on at the time. The company plans to drill three or four holes in the area during the current program.

How much drilling does Silver North plan at Haldane in 2026?

Peter Krauth wrote in June that Silver North expected to complete between 5,000 and 7,000 meters of drilling before the program concluded in October. Richard Mills subsequently noted that up to 7,000 meters were expected by October as part of a two-year program funded for between 10,000 and 14,000 meters.

Is Silver North Resources funded for its exploration program?

John Newell of John Newell & Associates wrote in February that Silver North's completed brokered financing "effectively funds the next two years of exploration." Richard Mills later described the broader program as funded for between 10,000 and 14,000 meters of drilling over two years.

What is the connection between Silver North Resources and Hecla?

Hecla operates the neighboring Keno Hill mine. Brown said Hecla representatives have visited Silver North twice during the current drill program and that Hecla's technical team has discussed its experience exploring the district with Silver North.

What are the upcoming catalysts for Silver North Resources?

The most immediate catalyst identified by Brown is the release of results from Silver North's ongoing 2026 drill program, with the next results expected around the end of September. Additional results are expected afterward, while drilling at the Main Fault, Bighorn, and other areas provides further exploration results to watch through the remainder of the year.

What have analysts said about Silver North Resources?

John Newell maintained a "Speculative Buy" recommendation in February and identified a "big picture target at CA$1.05." Peter Krauth highlighted HLD25-31 and the 2026 drilling program in June, while Richard Mills focused on the Main Fault, the scale of the Haldane program, and Silver North's exploration work at Haldane, Tim, and Veronica.