The Conversation (0)
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Drilling to test high-grade silver targets at the West Fault, Main Fault and Bighorn
Silver North Resources
Overview
Silver North Resources (TSXV:SNAG,OTCQB:TARSF) has made significant new silver discoveries in the famous Keno Hill Silver District of the Yukon in Canada. This includes Silver North’s Haldane Project, where high-grade silver has been identified in drilling at two target areas. The company also holds the Tim silver property in southern Yukon, where partner-funded exploration has identified high-grade silver mineralization just 19 kilometers from the Silvertip mine.
Silver North is ideally positioned to further prove out and expand these discoveries, at the stage of the mining development curve traditionally associated with the largest value increases for shareholders.
Silver North’s Haldane Property is located within the Keno Hill mining district, a premier silver-producing region in North America.
Silver North’s Haldane Property is located within the Keno Hill mining district, a premier silver-producing region in North America.
Beyond jewelry and cutleries, silver has a wide range of industrial applications, present in nearly all electronic devices and appliances, and plays an important role in global electrification.
Silver is critical to the green economy due to its diverse applications in the automotive, green energy, technology and medical fields. The average internal combustion engine vehicle contains 15 to 28 grams of silver per vehicle. However, hybrid and battery electric vehicles (EV) use as much as 50 grams of silver per vehicle. As EV adoption grows, predictions are that battery EV demand will increase 50 percent by 2040.
As the world shifts towards renewable energy, the solar energy sector heavily depends on silver to produce photovoltaic cells used in solar panels. These cells convert sunlight into electricity, and silver's exceptional conductivity ensures efficient energy movement. With no end in sight to the growth of solar energy generation, silver use could grow 85 percent in 10 years.
Silver’s electrical conductivity also makes it a metal of choice in the technology industry, where it is used in various electronic devices, including smartphones, tablets and computers.
Infrastructure rollouts, such as 5G wireless technology, result in a steady demand growth for silver - and as these devices become more complex, the amount of silver required increases.
As the demand for electric vehicles, solar panels and advanced technology continues to soar, the need for silver will drive the growth of the silver exploration and mining sector, rewarding explorers and developers like Silver North.
With more and more end-product producers seeking to lock up their supply chains, the potential scope of firms looking to invest in and own silver development projects is also expanding. Silver North’s proven expertise in exploration and discovery will be an even more valuable component of the silver commodity chain in the coming years.
Silver North has a diverse team of experts that builds confidence in the company’s ability to produce shareholder value in the areas of silver exploration and discoveries. Jason Weber, Craig Lindsay and Marc Blythe have direct experience selling discoveries to other mining companies. Weber and Rob Duncan have a combined 60 years of mineral exploration experience, creating a solid foundation of expertise. Mark Brown was the founder of Rare Element Resources (OTCQB:REEMF) that he and his team built into a $500-million company based on a rare earth element discovery. Experts in corporate management and accounting round out the management team.Company Highlights
- Silver North is a silver explorer focused on its wholly owned flagship Haldane Silver Project in Yukon. Haldane has recently seen some excellent high-grade silver intersections over potentially mineable widths.
- Coeur Mining is a meaningful partner providing its expertise and capital to the exploration of the Tim Silver Project, where high-grade silver mineralization has been located over an 800-meter strike length in trenching, including 468 g/t silver and 21.1 percent lead over 4 meters.
- Silver North is led by an experienced management team with asset exploration and sales expertise, and decades of experience in mineral exploration, corporate administration or corporate finance.
Get access to more exclusive Silver Investing Stock profiles here
Next Generation Silver Discoveries
Silver North Commences Drilling at Haldane Property
Vancouver, BC, September 10, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that the 2024 drilling campaign has commenced at the wholly owned Haldane Property in the historic Keno Hill Silver District, Yukon. Approximately 1,000 metres of drilling is planned for 3 holes testing the West Fault, Main Fault and Bighorn targets. The 8,579 hectare Haldane Property is located 25 km west of Keno City, YT and hosts numerous occurrences of silver-lead-zinc-bearing quartz siderite veins as seen elsewhere in the district.
"Silver North's second drill program of 2024 targeting high grade silver mineralization is underway," stated Jason Weber, P.Geo., President and CEO of Silver North. "This is an exciting time for Silver North shareholders as we await the analytical results from Tim and now are drilling three high priority targets at Haldane. We aim to build on the strike and down dip extents at West Fault, attempt to intersect the Main Fault at depth and build on the only hole testing the Bighorn target."
Drilling will target the West Fault, Main Fault and Bighorn areas. Drilling at West Fault will aim to expand upon high grade silver mineralization intersected in recent drilling such as 3.14 metres (true width) averaging 1,351 g/t silver, 2.43% lead and 2.91% zinc. The West Fault structure has been traced for over 650 metres of strike length and is interpreted to extend to 1.1 km in length before merging with the 2.2 km long Main Fault structure.
Drilling at the West Fault will target the interpreted southwest plunge of the mineralization with an approximate 50 m step-out from the high-grade result returned from HLD21-24 (3.14 metres (true width) averaging 1,351 g/t silver, 2.43% lead and 2.91% zinc). A second hole targeting the West Fault and Main Fault will test the West Fault approximately 190 m along strike to the southwest from HLD21-24 and approximately 75m downdip from HLD11-06 that returned 3.04 metres averaging 0.472 g/t gold, 190.8 g/t silver, 4.33% lead and 2.61 % zinc from a very poorly recovered highly oxidized intersection of the vein. This hole is intended to continue to intersect the Main Fault approximately 275m downdip and between the Main and Main South surface showings. A nearby shallow drill hole from 2011 returned 3.08 m averaging 0.122 g/t gold, 83.8 g/t silver, 0.14% lead and 1.39% zinc from poorly recovered and highly oxidized vein material at the overburden – bedrock interface.
Drilling will also target the silver-bearing vein mineralization intersected in the only hole drilled at the Bighorn Target. Drilling in 2019 intersected four separate veins, the best of which returned 2.35 m averaging 125 g/t silver and 4.39% lead. The structure hosting mineralization at Bighorn has been traced for over 525 m of strike length within a 900 m long lead-silver soil geochemical anomaly. The current drilling will target approximately 200 m along strike to the north from the 2019 intersection and will test a combination of soil samples highly anomalous in silver and lead and anomalous trench sampling results from the highly oxidized and weathered main BT structure at Bighorn that returned 22.6 m of 0.12% lead and 6.1 g/t silver.
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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
X: https://x.com/SilverNorthRes
LinkedIn:
Copyright (c) 2024 TheNewswire - All rights reserved.
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Tim Drilling Program Completed; Crews Mobilizing to Haldane Project
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Drilling indicates the presence of a Carbonate Replacement ("CRD") style system at Tim
2,252 metres drilled in six holes
Drill is currently moving from Tim to the Haldane Property
Vancouver, BC TheNewswire - September 4, 2024 Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that the 2024 drilling program at the Tim Property has now been completed and the drill is being demobilized from site. The Tim Property is under option to, and operated by, Coeur Mining, Inc. ("Coeur" NYSE-CDE), which is funding the 2024 program. A total of 2,252 metres were drilled in six holes in the program. The drill is now enroute to Silver North's wholly-owned Haldane Property in the historic Keno Hill Silver District and the Company's technical team is on site.
"We would like to thank the Coeur Silvertip team," stated Jason Weber, P.Geo., President and CEO of Silver North. "Coeur has exceeded expectations on every program they have conducted at Tim. The late addition of two airborne geophysical surveys to augment this year's drilling is an example of the big-picture approach they are taking at Tim to identify how it fits into the regional CRD setting. We eagerly await the receipt of analytical results this fall."
As outlined in Silver North's update of August 19, 2024, drill core observations from the first three holes of the program include diagnostic features that are commonly associated with significant CRD mineralization and have been observed at the Silvertip deposits. Such characteristics include fugitive calcite veining that fluoresces in UV light (displaying the classic "barbeque" pink and orange fluorescence) and re-crystallization of the host limestones.
The 2024 program is conducted under the direction of Coeur's exploration team based at Silvertip, under the terms of an option agreement granting Coeur the right to earn a 51% interest in the property by completing a minimum of $3.15 million in additional exploration expenditures and making additional cash payments to Silver North totalling $275,000 by December 31, 2026. Coeur can bring its interest to 80% by making additional cash payments of $100,000 per year in 2027 and 2028, completing a positive feasibility study and informing Silver North of its intention to develop a mine at Tim by December 16, 2028. Under this agreement, Coeur must fund a minimum $700,000 program in 2024. Tim is road accessible via 25 km of 4 x 4 access off the Silvertip Mine Road.
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
X: https://x.com/SilverNorthRes
LinkedIn: https://
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Silver North to Commence Haldane Drilling
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Vancouver, BC, August 27, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to provide an update on 2024 Yukon exploration activities at the wholly owned Haldane Property in the historic Keno Hill Silver District, Yukon. Crews will be mobilizing to the property in the first week of September, with drilling commencing by mid-September. The 8,579 hectare Haldane Property is located 25 km west of Keno City, YT and hosts numerous occurrences of silver-lead-zinc-bearing quartz siderite veins as seen elsewhere in the district.
"We are eager to begin drilling at Haldane again, following on the heels of the Tim drilling program in southern Yukon," stated Jason Weber, P.Geo., President and CEO of Silver North. "In fact, the drill will move north from Tim to Haldane once the final hole at Tim is complete in early September."
Drilling will target the West Fault and Bighorn areas. Drilling at West Fault will aim to expand upon high grade silver mineralization intersected in recent drilling such as 3.14 metres (true width) averaging 1,351 g/t silver, 2.43% lead and 2.91% zinc. The West Fault structure has been traced for over 650 metres of strike length and is interpreted to extend to 1.1 km in length before merging with the 2.2 km long Main Fault structure. The Main Fault is known to host strongly oxidized silver mineralization on surface at the Main and Main South targets. If drilling conditions permit, one hole at the West Fault will be continued to depth in order to intersect the Main Fault target as well.
Drilling will also target the silver-bearing vein mineralization intersected in the only hole drilled at the Bighorn Target. Drilling in 2019 intersected four separate veins, the best of which returned 2.35 m averaging 125 g/t silver and 4.39% lead. The structure hosting mineralization at Bighorn has been traced for over 525 m of strike length within a 900 m long lead-silver soil geochemical anomaly. In total, approximately 1,000 m of drilling is planned for the current program.
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
X: https://x.com/SilverNorthRes
LinkedIn: https://
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Silver North Provides Tim Drilling Progress Update
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Drilling indicates the presence of a Carbonate Replacement ("CRD") style system at Tim
Program Expanded to include airborne geophysical surveys
Over 1,300 m of planned 2,000 m of drilling completed to date
Management recently completed site visit
Vancouver, BC, August 19, 2 024 – TheNewswire – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to provide an update on 2024 Yukon exploration activities at the Tim silver property. The Tim Property is under option to, and operated by, Coeur Mining, Inc. ("Coeur" NYSE-CDE), which is funding the 2024 program. To date, over 1,300 metres of drilling in four holes have been completed.
"We are extremely pleased with Coeur's progress to date at Tim," stated Rob Duncan, VP Exploration for Silver North after a recent site visit to the Tim Property. "Given that the Wolf Fault has been identified in several historic trenches, in the current drillholes and anomalous soil geochemistry over a cumulative strike length of >2 km, we believe that the Tim project displays the necessary characteristics of a potentially productive CRD system. We are eagerly awaiting the analytical results from this program, which are expected to be received in October."
Diamond drilling at the Tim Property commenced at the end of June, testing the potential for stratiform (manto) and structural (chimney) style Carbonate Replacement Deposit ("CRD") mineralization. Drilling at Tim is primarily targeting the Wolf Fault, a northwest striking and steeply southwest dipping structure that parallels the regionally significant Kechika Fault, which can be traced from the Silvertip land package through Tim and Silver North's Veronica Project (recently acquired via option). Large conductivity anomalies defined by SkyTEM airborne geophysical data are associated with the Wolf Fault, as is silver mineralization and/or heavily oxidized fault breccias in historical trenches.
All 4 holes drilled to date have intersected the strongly oxidized Wolf structure and/or parallel splays of it. The Wolf Fault is noted to emplace overlying Kechika phyllite and argillites in fault contact with the underlying prospective Rosella Limestone Formation. At depth, parallel structures to the Wolf Fault are seen within the argillites of the Boya Formation that underlie the Rosella limestones. Geological and structural features that have been observed in the drilling to date consist of diagnostic features that are commonly associated with significant CRD mineralization and have been observed at the Silvertip deposits. Such characteristics include fugitive calcite veining that fluoresces in UV light (displaying the classic "barbeque" pink and orange fluorescence) and re-crystallization of the host limestones. These features suggest that the Wolf Fault target at Tim could be part of a productive CRD system.
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The 2024 program is conducted under the direction of Coeur's exploration team based at Silvertip, under the terms of an option agreement granting Coeur the right to earn a 51% interest in the property by completing a minimum of $3.15 million in additional exploration expenditures and making additional cash payments to Silver North totalling $275,000 by December 31, 2026. Coeur can bring its interest to 80% by making additional cash payments of $100,000 per year in 2027 and 2028, completing a positive feasibility study and informing Silver North of its intention to develop a mine at Tim by December 16, 2028. Under this agreement, Coeur must fund a minimum $700,000 program in 2024. Tim is road accessible via 25 km of 4 x 4 access off the Silvertip Mine Road.
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
X: https://x.com/SilverNorthRes
LinkedIn: https://
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Silver North Announces Closing of Final Tranche of Private Placement
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Vancouver, BC, July 18, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that it has closed the third and final tranche (the " Final Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $89,000. Further to the Company's news releases dated June 21, 2024 and June 28, 2024, the Company has raised aggregate gross proceeds of $827,380 in the Offering.
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Silver Dollar Upsizes Brokered Financing to $5.9 Million, with Participation by Eric Sprott
Silver Dollar Resources Inc. (CSE: SLV,OTC:SLVDF) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to announce that, due to strong investor demand, it has upsized its previously announced brokered private placement from $4,000,000 to approximately $5,900,000 in aggregate gross proceeds (the "Offering") of units of the Company (the "Units") at a price of $0.35 per Unit. The Offering is being led by Research Capital Corporation as the sole agent and sole bookrunner (the "Agent").
Mr. Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction.
Each Unit will consist of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of $0.45 at any time on or before that date which is 36 months after the closing date of the Offering.
The Company intends to use the net proceeds from the Offering for exploration activities on the La Joya Silver Project in Durango, Mexico, the Ranger-Page Ag-Pb-Zn Project in Idaho's Silver Valley and for general working capital purposes, as more fully described in the Offering Document (as defined herein).
As part of the Offering, up to 14,000,000 Units ("LIFE Units") will be offered for sale to purchasers pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"), in all provinces and territories of Canada, except Quebec, and other qualifying jurisdictions, including the United States. In addition, in relation to the upsizing, up to 2,857,150 Units ("Accredited Investor Units") will also be offered to accredited investors under the accredited investor exemption in all provinces and territories of Canada, and other qualifying jurisdictions, including the United States. The LIFE Units offered will be immediately "free-trading" under applicable Canadian securities laws. Unless permitted under securities legislation, the Accredited Investor Units cannot be traded before 4 months and a day from closing of the Offering.
The Offering is scheduled to close on or about October 3, 2025 and is subject to certain conditions including, but not limited to, a minimum of $950,000 in gross proceeds being raised by the Company under the Listed Issuer Financing Exemption and receipt of all necessary corporate and regulatory approvals.
There is an amended and restated offering document (the "Offering Document") that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://silverdollarresources.com. Prospective investors should read the Offering Document before making an investment decision.
The Company has agreed to pay to the Agent a cash commission equal to 6% of the gross proceeds of the Offering, subject to a reduction for orders on a president's list. In addition, the Company has agreed to issue to the Agent broker warrants of the Company exercisable for a period of 36 months, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Units sold under the Offering, subject to a reduction for orders on a president's list, at an exercise price of $0.35.
None of the securities sold under the Offering have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Silver Dollar Resources Inc.
Silver Dollar is a dynamic mineral exploration company focused on two of North America's premier mining regions: Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt. Our portfolio includes the advanced-stage Ranger-Page and La Joya projects, as well as the early-stage Nora project. The Company's financial backers include renowned mining investor Eric Sprott, our largest shareholder. Silver Dollar's management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can visit our website at silverdollarresources.com, download our investor presentation, and follow us on X at x.com/SilverDollarRes.
ON BEHALF OF THE BOARD
Signed "Gregory Lytle"
Gregory Lytle,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (604) 839-6946
Email: greg@silverdollarresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Cautionary Note Regarding Forward-Looking Information
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including, without limitation, the anticipated completion of the Offering on the terms disclosed, the timing of closing of the Offering; the anticipated terms of the Units and the Warrants; the anticipated use of the net proceeds of the Offering; that Mr. Eric Sprott will participate in the Offering; and the anticipated receipt of all necessary approvals in respect of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should" or "would" or occur.
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including, among other things, that the Offering will close on the anticipated timeline or at all; that the Units and the Warrants will have the anticipated terms; that the Company will use the net proceeds of the Offering as anticipated; that the Company will be successful in raising at least the minimum proceeds of the Offering; that Mr. Eric Sprott will participate in the Offering; and that the Company will receive all necessary approvals in respect of the Offering. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important risks that may cause actual results to vary, include, without limitation, the risks that the Offering will not close on the anticipated timeline or at all; that Mr. Eric Sprott will not participate in the Offering; that the Company will fail to raise the minimum proceeds of the Offering; that the Company and the Agent will fail to negotiate a definitive agreement for the Offering; that the Units and the Warrants will not have the anticipated terms; that the Company will not use the net proceeds of the Offering as anticipated; and that the Company will not receive all necessary approvals in respect of the Offering.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266872
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Southern Silver Acquires Right to Purchase Key Mining Claim Contiguous to Its Cerro Las Minitas Property in Durango, Mexico
Southern Silver Exploration Corp. (TSXV: SSV,OTC:SSVFF) (the "Company" or "Southern Silver") is pleased to report it has reached an agreement to acquire the Puro Corazon mining claim located contiguous to its 100%-owned Cerro Las Minitas project (see Figures 1 and 2 below) from an arms-length third-party.
The Puro Corazon mine, which is operated privately, is currently mining approximately sixty tonnes of ore per day and produces a silver-lead concentrate and a zinc concentrate. Southern Silver will be incorporating Puro Corazon into the much larger Cerro Las Minitas project to unlock significant capital and operating synergies. Southern Silver intends to immediately commence a 12,000-meter infill drilling program at Puro Corazon and then in the first quarter of 2026, commence preparation of an updated Technical Report and Preliminary Economic Assessment ("PEA") in accordance with the provisions of National Instrument 43-101.
Key Transaction Highlights
- Strong Potential for Near-term Resource Growth: infill drilling program to support incremental resource additions for the consolidated Cerro Las Minitas project.
- Capital Efficiency Gains: opportunity to improve capital efficiency through faster access to higher value mineralization, while avoiding development around the Puro Corazon mining claim.
- Enhanced Mine Plan Sequencing: incorporating Puro Corazon material early in the mine plan, given its near-surface and high-grade characteristic, is anticipated to strengthen project economics.
- Improved Project Economics: combination of capital efficiencies, optimized sequencing and potential throughput increases resulting in potential improvements to NPV and IRR.
- Additional Benefits: potential synergies and efficiencies across permitting, environmental management, safety and data collection.
Lawrence Page K. C., Company President, said, "The acquisition of Puro Corazon will allow us to derisk and accelerate the development of Cerro Las Minitas in a capital efficient manner, with significantly enhanced production profile and economics."
Robert Macdonald, Vice President of Exploration, said, "I am excited about the opportunity to begin drilling at Puro Corazon, with numerous high-grade near-surface targets already identified. We have significant historic data from Puro Corazon that will guide exploration and the results of which will be incorporated into an updated PEA, and I am confident that we will be able to add significant value to the Cerro Las Minitas project."
Figure 1: Location of Puro Corazon Claim and Existing Small-Scale Mine and Processing Facility
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5344/266683_d7119de9b42d6a17_002full.jpg
Figure 2: Location of Puro Corazon Claim Location Relative to Existing Cerro Las Minitas Deposits
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5344/266683_d7119de9b42d6a17_003full.jpg
The Company has been granted the right to acquire the Puro Corazon mining claim from an arms-length vendor in consideration for a series of cash payments to be made over a forty-month period following entering into of a definitive assignment agreement with the vendor. The acquisition does not involve the issuance of any securities of the Company.
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA.
Robert Macdonald, MSc. P.Geo, is Vice President of Exploration for Southern Silver Exploration Corp., is a Qualified Person as defined by National Instrument 43-101 and supervised directly the collection of data from the Cerro Las Minitas project that is reported in this disclosure and is responsible for the presentation of the technical information in this disclosure.
On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, K.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. In particular, this press release contains forward-looking information relating to, among other things, the proposed drilling program on the Puro Corazon claim as well as the preparation of a technical report and PEA. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266683
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Silver Dollar Announces $4.0 Million Brokered LIFE Offering
Silver Dollar Resources Inc. (CSE: SLV,OTC:SLVDF) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation to act as the sole agent and sole bookrunner (the "Agent") in connection with a "best efforts" private placement offering (the "Offering") for gross proceeds of a minimum of $950,000 and a maximum of $4,000,000 from the sale of a minimum of 2,714,286 and a maximum of 11,428,571 units of the Company (each, a "Unit") at a price of $0.35 per Unit.
Each Unit will consist of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of $0.45 at any time on or before that date which is 36 months after the closing date of the Offering.
The Company intends to use the net proceeds from the Offering for exploration activities on the La Joya Silver Project in Durango, Mexico, the Ranger-Page Ag-Pb-Zn Project in Idaho's Silver Valley and for general working capital purposes, as more fully described in the Offering Document (as defined herein).
The Agent will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional 1,714,286 Units for additional gross proceeds of up to $600,000 (the "Agent's Option").
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in all the provinces and territories of Canada, except Québec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption") and offshore jurisdictions as permitted under applicable law and in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended. The Unit Shares and the Warrants underlying the Units, and the Warrant Shares underlying the Warrants, if exercised, will be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers' resident in Canada. All securities issued pursuant to the Listed Issuer Financing Exemption will not be subject to a hold period in Canada in accordance with applicable Canadian securities law.
The Offering is scheduled to close on or about the week of September 30, 2025, and is subject to certain conditions including, but not limited to, a minimum of $950,000 in gross proceeds being raised by the Company under the Offering and receipt of all necessary corporate and regulatory approvals.
There is an offering document related to the Offering (the "Offering Document") that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://silverdollarresources.com. Prospective investors should read the Offering Document before making an investment decision.
The Company has agreed to pay to the Agent a cash commission equal to 6% of the gross proceeds of the Offering, subject to a reduction for orders on a president's list. In addition, the Company has agreed to issue to the Agent broker warrants of the Company exercisable for a period of 36 months, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Units sold under the Offering, subject to a reduction for orders on a president's list, at an exercise price of $0.35.
None of the securities sold under the Offering have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Silver Dollar Resources Inc.
Silver Dollar is a dynamic mineral exploration company focused on two of North America's premier mining regions: Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt. Our portfolio includes the advanced-stage Ranger-Page and La Joya projects, as well as the early-stage Nora project. The Company's financial backers include renowned mining investor Eric Sprott, our largest shareholder. Silver Dollar's management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can visit our website at silverdollarresources.com, download our investor presentation, and follow us on X at x.com/SilverDollarRes.
ON BEHALF OF THE BOARD
Signed "Gregory Lytle"
Gregory Lytle,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (604) 839-6946
Email: greg@silverdollarresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Cautionary Note Regarding Forward-Looking Information
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including, without limitation, the anticipated completion of the Offering on the terms disclosed, the timing of closing of the Offering; the anticipated terms of the Units and the Warrants; the anticipated use of the net proceeds of the Offering; and the anticipated receipt of all necessary approvals in respect of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should" or "would" or occur.
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including, among other things, that the Offering will close on the anticipated timeline or at all; that the Units and the Warrants will have the anticipated terms; that the Company will use the net proceeds of the Offering as anticipated; that the Company will be successful in raising at least the minimum proceeds of the Offering; and that the Company will receive all necessary approvals in respect of the Offering. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important risks that may cause actual results to vary, include, without limitation, the risks that the Offering will not close on the anticipated timeline or at all; that the Company will fail to raise the minimum proceeds of the Offering; that the Company and the Agent will fail to negotiate a definitive agreement for the Offering; that the Units and the Warrants will not have the anticipated terms; that the Company will not use the net proceeds of the Offering as anticipated; and that the Company will not receive all necessary approvals in respect of the Offering.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266746
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Analyst Report: Locksley’s US Strategy Strengthens Critical Minerals Position
The company signed a binding research agreement with Rice University to develop green antimony processing and energy storage technologies, and engaged Washington-based advisory firm GreenMet to advance its Mojave critical minerals project into US federal programs.
Key Report Highlights
- Rice University partnership: For investors, the Rice partnership addresses a structural gap: the absence of US antimony processing capacity. With Locksley committing US$550,000 over 12 months, the collaboration is designed to generate jointly owned intellectual property in both environmentally friendly processing and advanced battery applications. This gives the company a potential first-mover advantage in establishing a sovereign supply of antimony, a metal critical to defense and energy technologies.
- GreenMet engagement: GreenMet’s mandate is equally significant for shareholders. By positioning Mojave within the Defence Production Act and Department of Energy initiatives, Locksley could gain access to grants, loans and offtake agreements.
- Near-term catalysts: Peak Asset Management notes the near-term catalysts include maiden drilling results in September and over US$1 billion in US federal critical minerals funding rounds expected later this year. Combined with favorable market dynamics – antimony prices around US$60,000/t and forecast deficits in rare earths like neodymium-praseodymium – Locksley’s dual strategy offers investors exposure to a tightly supplied market with strong policy tailwinds.
- Investor implications: For shareholders, these moves substantially de-risk Locksley’s downstream strategy. Access to non-dilutive US funding reduces the likelihood of equity dilution, preserving shareholder value. The absence of domestic antimony production in the US creates a first-mover advantage for Mojave, while alignment with US defense and energy policy priorities enhances the project’s strategic profile. At the same time, exposure to high antimony prices and looming rare earth supply deficits offers leverage to favorable commodity markets.
For the full analyst report, click here.
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