The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - March 8, 2024
Named after Mt. Haldane, the Haldane silver property is found within a historical region that produced over 200 million ounces of silver.
Silver North Resources Ltd. Feb. 29 announced a summary of its accomplishments during 2023 and plans for the upcoming year as rebranding from Alianza Minerals Ltd. best reflects the company's focus on silver as it continues to advance its Haldane and Tim silver properties in Canada's Yukon.
"Rebranding as Silver North Resources Ltd. is a strategic move to focus on silver and align with evolving needs of the global economy, particularly the accelerating demand for silver and its pivotal role in sustainable technologies," said Silver North President and CEO Jason Weber. "The name Silver North Resources encapsulates our focus on two high grade silver projects in Haldane and Tim, both located in known silver-producing camps, helping Silver North be better recognized and valued as a leading junior silver explorer."
Located about 22 kilometers (14 miles) west of Hecla Mining Company's Keno Hill silver mine, the 8,164-hectare (20,174 acres) road-accessible Haldane property hosts a small historical mine that was first recognized for its high-grade silver mineralization more than 100 years ago.
Comprised of the West Fault, Bighorn, and Middlecoff targets, since optioning the project in 2018, Silver North has continued to make extensive headway exploring this historically rich area that produced over 200 million ounces of silver from 1913 to 1989.
In recent years, exploration at Haldane led to the discovery of a new high-grade silver target called West Fault, where drilling intersected significant mineralization. Highlights include: 8.72 meters averaging 311 grams per metric ton silver, 0.89% lead and 1.13% zinc; 3.14 meters averaging 1,351 g/t silver, 2.43% lead, and 2.91% zinc; and 4.27 meters averaging 363 g/t silver, 1.73% lead and 2.8% zinc.
These intercepts have defined a silver-bearing vein system three to eight meters wide over a 100- by 90-meter area with eight holes drilled to date.
In total, over 12 kilometers (7.5 miles) of cumulative vein strike potential exists, with only 28 surface drill holes so far testing portions of this potential. This includes one hole at the Bighorn target, which has identified a new target area about 3,000 meters from previously known mineralization.
The Tim silver project lies roughly 19 kilometers (12 miles) north of Coeur Mining's Silvertip silver-lead-zinc project. While prior exploration at Tim has identified silver-bearing oxide mineralization about four to 30 meters wide in trenches on surface over 1,700 meters of strike length, with its attentions currently focused on Haldane, Silver North optioned the property to Coeur for exploration endeavors.
With the rebrand signaling its reinforced direction toward silver and its role in green technologies in the coming years, Silver North has regrouped and is ready to begin anew with exciting exploration at this highly prospective silver project.
After a strategic review of its robust exploration portfolio in 2023, Silver North's management undertook a transition of its own to focus on its silver assets.
"Industrial demand for silver has increased dramatically in recent years, largely due to silver's excellent thermal and electrical conductivity and reflective properties," said Silver North Executive Chairman Mark Brown. "As a result, silver has become an essential component of green and high technological applications."
Previously holding claims, options, or otherwise in gold prospects in Colorado, Nevada, and Peru; copper prospects in Colorado and Yukon; and other base metals in Yukon and Mexico, Silver North has pushed its attention strictly to silver.
This new focus on silver discoveries through exploration led the company to decide to divest its remaining project portfolio by selling projects or relinquishing claims as they came due for renewal. The remaining projects in the portfolio continue to be marketed for option/JV or outright sale.
This includes seeking a partner to advance its Twin Canyon gold project in Colorado, as well as marketing its Klondike and Stateline copper projects, also in Colorado.
Ultimately, the company feels optimistic about the demand for silver, opting to focus its attention strictly on its silver properties in favor of price forecasts.
With the regroup essentially completed, Silver North has outlined a six-hole diamond drilling program for Haldane in 2024.
This program will target the extensions of high-grade silver mineralization found at West Fault.
Initially aiming for four holes to test the southwest plunge through 50-meter step-outs, one of these holes is also planned to test along strike to the south and deeper below the zone of oxidation to ideally intersect the Main Zone Fault to the east.
Drilling will also investigate the Bighorn target. As mapping and trenching have identified Bighorn's vein structure over 525 meters of strike, Silver North has deemed the target highly prospective to host high-grade "Keno-style" silver vein mineralization.
Additional exploration at Haldane may include further trenching and airborne geophysics to help refine exploration targets, identify potential new vein structures, and extend known mineralization.
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