Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) recently announced that it completed its 2026 field program at the Veronica Property in Yukon's Silvertip District. Retail investors watching the Yukon silver space should note that the company collected 1,112 soil samples, including 60 from the adjacent Tim Property, plus 53 rock samples, with analytical results pending.
The 2026 work directly followed up on a large open-ended soil anomaly first expanded in 2025. That anomaly now covers roughly 1.2 km by 1 km and remains open to the east and possibly south. The program added detailed mapping and prospecting around the Lodge and Cooper showings, where earlier float samples returned up to 2,860 g/t silver.
Why Veronica Matters for Investors Right Now
Veronica sits only 11 km northeast of Coeur Mining Inc.'s (CDE:NYSE) Silvertip Mine. The geology at Veronica shows prospective stratigraphy similar to that known to host Carbonate Replacement Deposit-style silver-lead-zinc mineralization at Silvertip.
The completed 2026 program and pending analytical results provide a clear near-term catalyst as the new data are interpreted alongside existing geophysical and mapping information.
Company Position and Exploration Advantage
Silver North now controls three projects in the broader Silvertip-Keno Hill region. The company regained 100 percent ownership of the Tim Property after an option agreement ended in May 2026.
Veronica and Tim together give Silver North a large contiguous land package with multiple geophysical targets already identified.
Key Assets and Next Catalysts
At Veronica, the company tested several airborne magnetic and VTEM conductivity anomalies with contour soil lines in the southern project area. The company also investigated several target areas defined by airborne magnetics and VTEM geophysical anomalies. Results from the 1,112 soil samples, including 60 from the adjacent Tim Property, and 53 rock samples will be reported once analytical results have been received and incorporated into the Veronica database and interpreted alongside the 2026 geophysical data and lithological mapping.
At the Haldane Silver Project, a fully funded drill program is targeting extensions of the Main Fault discovery. Hole HLD25-31 previously intersected 13.15 m grading 818 g/t silver, 1.39 g/t gold, 2.54 percent lead, and 0.98 percent zinc. Two rigs are operating as part of a larger 10,000 to 14,000 m exploration program, with the company fully funded for its 2026 and 2027 drilling campaigns.
Silver Market Context and Sector Timing
According to a September 14 report from FX Empire, silver traded near US$63.50 per ounce amid higher oil prices and rising expectations for Federal Reserve rate increases.
Trading Economics reported the same day that silver had struggled below US$64 per ounce after declining for three consecutive weeks. Despite short-term pressure, the metal remained substantially higher than a year earlier.
FXStreet also reported on September 14 that silver had traded around US$63.50 per troy ounce during Asian trading as expectations for a Federal Reserve rate increase rose following August inflation data. Industrial demand from solar panels and electronics continues to support long-term fundamentals even as monetary policy creates near-term volatility.
Views and Valuation Context
1Technical Analyst Stewart Thomson gave Silver North Resources Ltd. a "Speculative Buy" rating in an August 20 report. He highlighted a breakout from a bull wedge on the monthly chart and identified resistance targets at CA$0.45 short term, CA$0.65 medium term, and CA$1.00 longer term.
Richard Mills of Ahead of the Herd provided a wider assessment of the company's exploration activities in a June 24 report. Mills noted three Keno-style silver vein discoveries in 24 holes at Haldane and emphasized that the company is fully funded through 2027 after raising more than CA$13 million.
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 |
|---|---|---|---|---|
| 09/12/23 | TARSD:OTCQB | 1 | TARSF:OTCQB | 1 |
| 08/14/23 | ANZ:TSXV | 5 | SNAG:TSXV | 1 |
| 08/14/23 | TARSF:OTCQB | 5 | TARSD:OTCQB | 1 |
| 04/30/15 | TCC:TSXV | 10 | ANZ:TSXV | 1 |
| 06/19/09 | TSISF:OTCQB | 1 | TARSF:OTCQB | 1 |
Key Investor Takeaways
- Silver North completed its 2026 Veronica field program and collected 1,112 soil samples, including 60 from the adjacent Tim Property, plus 53 rock samples, with analytical results pending.
- The Veronica soil anomaly measures 1.2 km by 1 km and remains open, with prior float samples returning up to 2,860 g/t silver.
- The company controls 100 percent of the Tim Property after regaining ownership in May 2026 and holds a large land package near the Silvertip Mine.
- A funded multi-year drill program continues at Haldane targeting extensions of the Main Fault discovery that graded 818 g/t silver over 13.15 m.
- One analyst issued a Speculative Buy rating, citing technical breakouts and fully funded exploration through 2027.
- Silver prices remain sensitive to interest-rate expectations yet show strong yearly gains supported by industrial demand.
Management and strategic investors own 14.6 percent of the shares, with the balance held by retail and institutional investors. As of August 13, 2026, the market capitalization stood at approximately CA$25 million with a 52-week trading range of CA$0.185 to CA$0.57.
Common Questions from Investors
What results are still pending from the Veronica 2026 program?
Analytical results from 1,112 soil samples, including 60 from the adjacent Tim Property, and 53 rock samples, are expected after interpretation with geophysical and mapping data.
Where is the Veronica Property located relative to existing mines?
Veronica lies 11 km northeast of Coeur Mining's Silvertip Mine in Yukon's Silvertip District.
How is Silver North funded for ongoing work?
The company raised more than CA$13 million and states it is financed for exploration through 2027.
What grades were reported from the earlier Veronica sampling?
Previous work returned 2,860 g/t silver from mineralized float at the Lodge showing and 33.2 g/t silver from an outcropping fault.
What is the next major catalyst for Silver North shares?
Pending assay results from the Veronica program, together with ongoing drill results from the Haldane Main Fault extension program, represent the primary near-term catalysts.
Important Disclosures:
- Silver North is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North.
- 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.
For additional disclosures, please click here.
- Disclosure for the quote from the Stewart Thomson article published on August 20, 2026
- Silver North Resources has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$2500 for the preparation of an independent technical research report, published on August 20, 2026
- Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. 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. Mr. Thomson owns no securities in Silver North, and he has no direct financial relationship with the company.
- 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.
