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TICKERS: SNAG; TARSF

Silver Co. Achieves Remarkable Results
Contributed Opinion

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Bob Moriarty Bob Moriarty of 321gold.com shares his thoughts on Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) after its recent news.

In the past, I had informed my readers about the forthcoming trajectory of Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) three and a half months prior, when equity valuations stood at a modest CA$0.195 per share, ahead of a precious metals rally that propelled the stock upward by approximately 100% within the following eight weeks. Though I remain cautious about a potential pullback in commodity valuations, silver's persistence in the US$50 neighborhood positions premium-quality silver enterprises as possible undervalued opportunities.

On November 17, SNAG disclosed preliminary results of the first three holes from the opening segment of its 2025 exploration campaign. The complete Haldane initiative encompassed eight boreholes representing 1,760 total meters of drilling activity. Additional results from the remaining five boreholes will emerge in the coming days.

The drilling revealed impressive data demonstrating 13.15 meters grading at 818 g/t Ag, accompanied by an unexpected 1.39 g/t gold, 2.54% lead, and 0.98% zinc. I find gram-meters to be a helpful metric for expressing precious metal content, enabling stakeholders to grasp the intrinsic mineral wealth contained within the mineralized zone.

This particular borehole, HLD25-31, generated 150.34-gram meters when calculated using gold-equivalent parameters. Nevertheless, silver dominates the metal assemblage, representing approximately 80% of the aggregate metallic worth. However, measured purely through the lens of Au gram-meter calculations, any result exceeding 100 g/m constitutes an exceptional achievement. Focusing solely on the intrinsic commodity valuation of that specific interval, the mineralization would equate to approximately US$1,051 per ton of material. Obviously, practical extraction rates would produce diminished recovery percentages.

We inhabit a precarious economic landscape. The yen-funded arbitrage mechanism is deteriorating as borrowing costs surge upward. The American government confronts the substantial obstacle of restructuring US$7 trillion in outstanding obligations within a compressed timeframe. Digital currency and its countless derivative variations are experiencing sharp declines. Nations worldwide are actively reducing their exposure to American currency, consequently establishing momentum for elevated commodity appreciation.

I anticipate a significant contraction ahead. Market turbulence surfaced in late October as the overnight lending infrastructure experienced disruption. This mirrors the volatility that emerged in late summer of 2019, preceding the substantial equities downturn in early spring of 2020, when silver plummeted beneath US$12 per ounce.

Emerging-stage exploration firms, particularly those emphasizing silver as their primary focus, possess substantial upside trajectory potential. At prevailing market pricing, Silver North's aggregate valuation hovers near CA$20 million in Canadian funds. The enterprise successfully raised CA$2.5 million in capital through a restricted offering in July, positioning the organization with robust monetary resources. Anticipate publication of the closing sequence of five exploration results within the immediate future.


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Important Disclosures:

  1. 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.
  2. 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 Resources Ltd.
  3. Bob Moriarty: I, or members of my immediate household or family, own securities of: Silver North Resources Ltd. My company has a financial relationship with: Silver North Resources Ltd. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
  4. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 
  5.  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. 
  6.  This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

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