Silver continues to experience structural supply shortages while industrial consumption climbs steadily across solar, electronics, and medical sectors, keeping prices well above long-term averages and supporting higher margins for producers.
Why Silver North Resources Stands Out in a High-Grade District
Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) is advancing a fully funded exploration program at its flagship Haldane project, located directly beside Hecla Mining's producing Keno Hill mine. The 100%-owned asset benefits from road access and sits within one of Canada's most prolific silver districts.
The company has launched a multi-rig diamond drill campaign that will run through the summer and into Q4 2026, targeting both resource expansion and new discovery opportunities across several zones.
Current Drilling Focuses on Main Zone Expansion and New Targets
Diamond drilling has commenced at its 100%-owned Haldane Silver Project in Yukon's Keno Hill Silver District, with two drill rigs now operating on the property. One rig is stepping out from the Main Zone, where previous drilling outlined mineralization over 100 meters of strike and roughly 300 meters down dip. Standout results include hole HLD25-31, which returned 13.15 meters, averaging 818 grams per tonne silver, along with meaningful gold, lead, and zinc credits.
The second rig is testing the Bighorn target, previously drilled only once, plus additional prospects identified through recent surface work and the completed SkyTEM airborne survey.
Management Commentary Highlights Scale Potential
President and CEO Jason Weber emphasized the significance of recent results, noting that the latest intercept represents the best hole drilled to date and confirms both grade and continuity at the Main Zone.
Field crews are simultaneously conducting mapping and ground-truthing to refine targets ahead of additional drilling.
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 |
Supportive Silver Market Fundamentals Provide Tailwinds
According to a June 14 report from Excelsior Prosperity Substack, the silver sector experienced significant share-price volatility even as underlying metals prices remained at historically elevated levels. Silver futures recently traded near US$68 per ounce, while physical market conditions show ongoing strain from industrial demand that continues to outpace new mine supply.
A June 15 analysis published by Money Metals examined physical silver market conditions and reported ongoing pressure from both industrial and investment demand. Because a large share of silver is produced as a byproduct, higher prices alone do not quickly translate into increased output, supporting a constructive longer-term price environment.
Current silver prices remained elevated on a longer-term basis, according to market data published June 16 by SD Bullion. Spot prices above US$71 per ounce reflect both investment interest and robust industrial offtake.
Analyst Perspectives on Funding, District History, and Project Pipeline
1According to a February 23 report from John Newell of John Newell & Associates, Silver North has moved into expansion mode at the Main Fault target and maintains a Speculative Buy rating with a technical price objective of CA$1.05. The company completed financing that supports two years of exploration.
In a May 20 report, Peter Krauth of The Silver Advisor discussed exploration work at the Veronica Project in Yukon's Silvertip-Midway District. He highlighted the flagship Haldane project next to Hecla while noting additional blue-sky potential at the Veronica-Tim properties for carbonate replacement deposit style mineralization.
Broader Portfolio Offers Additional Discovery Optionality
According to the company's corporate presentation, Silver North plans to continue advancing Haldane while also progressing the Tim and Veronica projects. At Tim, the Wolf Fault remains a priority target within a confirmed carbonate replacement system. At Veronica, soil anomalies and silver-lead mineralization have been outlined over a sizable area north of Coeur Mining Inc.'s (CDE:NYSE) Silvertip mine.
The 2026 campaign is budgeted for 5,000 to 7,000 meters of drilling across priority targets, supported by ongoing geophysical and geological work designed to generate additional drill-ready prospects.
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, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North Resources Ltd.
- 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.
