Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold, 1.89% Lead and 0.63% Zinc in New Discovery at Haldane Silver Project, Yukon
Trading Symbol (TSX-V: SNAG)
410-325 Howe Street
Vancouver, British Columbia
Canada V6C 1Z7
Tel: (604) 687 3520
Fax: 1-888-889-4874
www.silvernorthres.com
NR 24-18
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold, 1.89% Lead
and 0.63% Zinc in New Discovery at Haldane Silver Project, Yukon
• New discovery at the Main Fault consists of multiple silver-bearing structures, elevating
Main Fault to a high priority target
• 365 g/t silver, 0.23 g/t gold, 1.80% lead and 1.37% zinc over 5.80m true width in HLD24-30
• 460 g/t silver, 0.16 g/t gold, 4.34% lead and 1.23% zinc over 3.05m true width in HLD24-29
Vancouver, BC, November 14, 2024 – Silver North Res ources Ltd. (TSX-V: SNAG,
OTCQB: TARSF) (“Silver North ” or the “ Company ”) is pleased to announce results from the
2024 drilling campaign at the wholly owned Haldane Property in the historic Keno Hill Silver
District, Yukon. Drilling confirmed that the Main Fault, marked by a series of silver bearing
surface showings, is indeed a productive structure hosting multiple high grade silver-bearing
veins and breccias. A total of 732 metres of drilling was completed in 3 holes testing the West
Fault and Main Fault targets. The 8,579 hectare Haldane Property is located 25 km west of
Keno City, YT, adjacent to Hecla Mining’s producing Keno Hill Silver Mine, and hosts
numerous occurrences of silver-lead-zinc-bearing quartz siderite veins as seen elsewhere in
the district.
“We consider this a new drill discovery at the Main Fault defined by multiple high grade silver
intersections over three separate vein – fault zone s. The continuity demonstrated over the 50
metres between holes, and the increased grades and thicknesses encountered down dip in
HLD24-30 are extremely encouraging,” stated Jason Weber, P.Geo., president and CEO of
Silver North. “We can now elevate the Main Fault to an important silver target where we can
potentially delineate new silver resources along with the West Fault target. We will continue to
refine our interpretation of these new results to optimize an aggressive drill program to test the
Main Fault in 2025.”
Main Fault Target
The Main Fault, thought to be a parallel structure to the West Fault, was targeted in the 2024
drill program based on surface sampling of the fault at the Main and Main South showings
where oxidized vein samples on surface average 151 g/t silver over 7.6 m and 223 g/t silver
over 3.6 m. Two holes tested this target (HLD24-29 and -30), successfully intersecting a wide
structural zone consisting of three siderite-sulphide vein faults and breccias with an interstitial
stockwork of siderite bearing veinlets and brecciated host rocks that forms the overall
structural zone.
In hole HLD24-29 the widest structural zone returned 13.75m true width (“TW”) of 157 g/t
silver, 1.42% lead and 0.67% zinc and blossomed to 28.36m (TW) of 130 g/t silver, 0.55% lead
and 0.52% zinc 50 metres down dip in hole 30. High grade oxidized and brecciated siderite
vein fault material at the upper boundary returned 1.83m (TW) of 1,088 g/t silver, 3.90 g/t gold,
1.89% lead and 0.63% zinc including 0.73m (TW) of 2,470 g/t silver, 9.64 g/t gold, 3.88% lead
and 0.99% zinc in hole HLD24-30. It is notable that these upper boundary intersections are
unusually high in gold as compared to other intersections at the Haldane Property. The
oxidized nature of these intersections makes it difficult to determine the mineralogy associated
with the elevated gold values at this time.
Table 1 – Haldane Property – 2024 Significant Drill Intersections
Hole
From
(m) To (m)
Interval
(m)
True
Width(m)
Ag
(g/t)
Au
(g/t)
Pb
(%)
Zn
(%)
Silver Eq
(g/t) 1
HLD24-28 (West) 243.71 244.09 0.38 0.19 122 0.17 2.07 0.48 218
HLD24-29 (Main) 146.20 162.00 15.80 13.75 157 0.08 1.42 0.67 233
incl. 147.60 150.00 2.40 2.09 206 0.10 1.49 1.36 311
incl. 157.00 160.50 3.50 3.05 460 0.15 4.34 1.23 653
and incl. 158.60 160.50 1.90 1.65 777 0.25 7.86 2.22 1,123
171.00 176.30 5.30 4.61 53 0.06 1.13 1.43 147
incl. 174.20 176.30 2.10 1.83 105 0.04 2.61 2.07 268
HLD24-30 (Main) 159.00 161.50 2.50 1.83 1,088 3.90 1.89 0.63 1,491
incl. 159.00 160.00 1.00 0.73 2,470 9.64 3.88 0.99 3,422
164.20 203.00 38.80 28.36 130 0.09 0.55 0.52 174
incl. 171.70 172.50 0.80 0.58 1,210 0.42 3.15 0.45 1,358
incl. 183.85 191.80 7.95 5.81 365 0.23 1.80 1.37 491
and incl. 190.80 191.80 1.00 0.73 1,025 0.54 8.52 2.18 1,415
incl 201.75 203.00 1.25 0.91 194 0.18 0.54 1.08 266
1Silver-equivalent values are calculated assuming 100% recovery using the formula: ((20 * silver (g/t) / 31.1035) + (1650 * gold (g/t) / 31.1035) + (0.90 * 2204 * lead %/100) + (1.10 * 2204 *
zinc %/100)) *(31.1035 / 20). Metal price assumptions are US$20/oz silver, US$1650/oz gold, US$0.90/lb lead and US$1.10/lb zinc. While metal prices today are generally higher than those
used in the formula, these are the values used for past drilling at Haldane in order to compare past results.
High grade, partially oxidized and strongly brecciated siderite vein fault from the centre of the
Main Fault structural zone returned 3.05m (TW) of 460 g/t silver, 0.15 g/t gold, 4.34% lead and
1.23% zinc, including 1.65m (TW) of 777g/t silver, 0.25 g/t gold, 7.86% lead and 2.22% zinc in
HLD24-29 and 5.8m (TW) 365 g/t silver, 0.23 g/t gold, 1.80 % lead and 1.37 % zinc 50 meters
down dip from HLD24-30.
The best result from the lowermost unoxidized siderite vein and vein fault breccia was an
intercept of 0.91m (TW) of 194 g/t silver, 0.18 g/t gold, 0.54% lead and 1.08% zinc from
HLD24-30.
Figure 1 - Haldane Property Drill Plan Map
Figure 2 - Cross Section HLD24-29 & -30
West Fault Target
Holes HLD24-29 and -30 potentially tested the very upper portions of the West Fault prior to
reaching the Main Fault. The intersections occur high in the hole in very oxidized material. A
significant fault zone was intersected in HLD24-29 but was unmineralized while the projected
intersection in HLD24-30 was not recovered. Due to the shallow nature of the intersections and
associated poor core recovery, management does not believe that this is an adequate test of
the West Fault in this area and plans deeper drilling in this area in the future.
Hole HLD24-28, intersected the West Fault but deviated significantly more shallowly than
expected and to the west of the intended target pierce point. The hole intersected several
narrow discrete siderite-galena-sphalerite veins and siderite veinlets with the best of these
returning 0.19m (TW) of 122 g/t silver, 0.169 g/t gold, 2.07% lead and 0.47% zinc. The hole did
not close off the interpreted SW plunge of high-grade silver mineralization intersected in 2021
drilling, which remains open at a more steeply oriented plunge.
About Silver North Resources Ltd.
Silver North’s primary assets are its 100% owned Haldane silver project (next to Hecla Mining
Inc.’s Keno Hill Mine project) and the Tim silver project (under option to Coeur Mining, Inc.).
The Company is listed on the TSX Venture Exchange under the symbol “SNAG”, trades on the
OTCQB market in the United States under the symbol “TARSF”, and under the symbol “I90” on
the Frankfurt Stock Exchange.
Mr. Jason Weber, P.Geo., President and CEO of Silver North Resources Ltd. is a Qualified
Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the
technical information contained in this release.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.silvernorthres.com
Twitter: https://twitter.com/SilverNorthRes
LinkedIn: https://www.linkedin.com/company/silvernorth-res-ltd/