Silver North Provides Tim Drilling Progress Update

Silver North Provides Tim Drilling Progress Update

 

(TheNewswire)

 
      
  Silver North Resources Ltd. 
             
 
  •  

      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.

 

 

 

   
Click Image To View Full Size

Coeur has indicated it is planning to complete six holes for a total drilled meterage of approximately 2,200 m. In addition to the drilling, Coeur will also be undertaking two additional detailed airborne geophysical surveys over the entire project consisting of magnetics and radiometrics surveys and a Mobile MT survey that has the potential to detect conductive features at much greater depths than the recent SkyTEM airborne survey of the property. These elements represent an expansion of the planned 2024 exploration program. The current program is expected to wrap up by early September.

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

SNAG:CC
The Conversation (0)
Silver North Commences Drilling at Haldane Property

Silver North Commences Drilling at Haldane Property

 

(TheNewswire)

 
      
  Silver North Resources Ltd. 
             
 
  •  

      Drilling to test high-grade silver targets at the West Fault, Main Fault and Bighorn  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Tim Drilling Program Completed; Crews Mobilizing to Haldane Project

Tim Drilling Program Completed; Crews Mobilizing to Haldane Project

 

(TheNewswire)

 
      
  Silver North Resources Ltd. 
             
 
  •  

      Drilling indicates the presence of a Carbonate Replacement ("CRD") style system at Tim  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Silver North to Commence Haldane Drilling

Silver North to Commence Haldane Drilling

 

(TheNewswire)

 
      
  Silver North Resources Ltd. 
             
 

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.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Silver North Announces Closing of Final Tranche of Private Placement

Silver North Announces Closing of Final Tranche of Private Placement

 

(TheNewswire)

 
      
  Silver North Resources Ltd. 
             
 

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.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Coeur Commences Drilling at Silver North's Tim Project

Coeur Commences Drilling at Silver North's Tim Project

 

(TheNewswire)

 
      
  Silver North Resources Ltd. 
             
 

Vancouver, BC, July 3, 2024 TheNewswire 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, under option to Coeur Mining, Inc. ("Coeur" NYSE-CDE) has commenced. Coeur is funding and operating the program under an option agreement to earn up to an 80% interest in the property. Current plans are to complete approximately 2,000 metres of drilling targeting silver-lead-zinc Carbonate Replacement Deposit (CRD) mineralization similar to that found at Coeur's Silvertip Mine Property, 19 km to the south of Tim.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

 

(TheNewswire)

 
     
  Element79 Gold Corp. 
          
 

  Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

 

Element79 Gold Corp (OTCQB: ELMGF, CSE: ELEM,OTC:ELMGF, FSE: 7YS0) a mining company focused on gold and silver exploration with a portfolio of assets in Nevada and Peru, today announced that CEO and Director, James C. Tworek, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 23, 2025

 

  DATE : July 23, 2025
TIME: 1:30pm EST  
LINK:   REGISTER HERE  
Available for 1x1 meetings: July 23-29, 9am-5pm EST – booking link: Element79 Gold - 1x1 Meeting Management Link  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill

LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has commenced its diamond drilling program at its Swanson Gold Project ("Swanson") in the Abitibi region, Québec, after receiving all the necessary permits including the Authorization to Intervene (ATI) and the Forestry Intervention permits. These permit approvals mark a major milestone, allowing the Company to move forward with its fully funded, minimum 5,000 metre drilling program starting with the Swanson Gold Deposit. Simultaneously, the Company announces the completion of the independent valuation of its Beacon Gold Mill ("Beacon Mill") by Bumigeme Inc. ("Bumigeme") confirming: (1) the Beacon Mill is in excellent condition, (2) with rehabilitation and commissioning costs estimated at C$4.1 million, and (3) full replacement cost of the mill and tailings storage facility combined with permitting costs estimated to exceed C$71.5 million, underscoring the strategic value of the asset. LaFleur Minerals has also significantly expanded its land position at its wholly-owned Swanson Gold Project, now covering over 18,300 hectares across 445 claims and 1 mining lease, reinforcing its district-scale exploration potential.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Halcones Precious Metals Announces AGM Results

Halcones Precious Metals Announces AGM Results

 

Halcones Precious Metals Corp. (TSXV: HPM) (the " Company " or " Halcones ") is pleased to report that the nominees listed in the management proxy circular dated June 5, 2025 (the " Circular ") for the annual and special meeting of shareholders of Halcones held on July 17, 2025 (the " Meeting ") were elected as directors of the Company.  The appointment of each of the nominees to the Company's board was approved by more than 96% of the votes cast at the Meeting.  Shareholders at the Meeting also approved the appointment of the Company's auditors and the Company's stock option plan.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott

1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott

 

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; FRA: 2KY) is pleased to announce that it has completed its previously announced "bought deal" LIFE offering (the " Offering ") for gross proceeds of C$13,225,232.30, including the exercise in full of the Underwriters' Option (as defined in the press release dated June 24, 2025). The Offering consisted of the sale of: (i) 3,750,000 common shares of the Company (the " Non-FT Shares ") at a price of C$0.20 per Non-FT Share; (ii) 2,924,000 common shares (the " Tranche 1 CEE Shares ") at a price of C$0.342 per Tranche 1 CEE Share; (iii) 31,163,633 common shares (the " Tranche 2 CEE Shares " and together with the Tranche 1 CEE Shares, the " CEE Offered Shares ") at a price of C$0.288 per Tranche 2 CEE Share; and (iv) 10,163,000 common shares (the " CDE Offered Shares " and, together with the Non-FT Shares and CEE Offered Shares, the " Offered Shares ") at a price of C$0.246 per CDE Offered Share. The CEE Offered Shares and CDE Offered Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the " Tax Act ")).

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing

Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing

Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) ("Maritime" or the "Company") is pleased to announce the closing of its previously announced brokered "best efforts" private placement offering (the "Offering") of common shares in the capital of the Company ("Offered Securities") for aggregate gross proceeds of approximately $11,500,490. The Offering was led by Paradigm Capital Inc. ("Paradigm"), as lead agent and sole bookrunner, on a "best efforts" agency basis, together with SCP Resource Finance LP (together with Paradigm, the "Agents"), pursuant to the terms of an agency agreement among the Company and the Agents dated as of July 17, 2025 (the "Closing Date").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×