Silver North Resources (TSX-V:SNAG) has completed a field exploration program at the Veronica Project in Canada, as part of a broader objective to assess its potential to host carbonate replacement deposit (CRD)-style mineralisation.
The eight-day program – partially funded under a grant from the Government of Yukon’s Yukon Mineral Exploration Program – consisted of prospecting, mapping, soil geochemical sampling and hand trenching. The results are expected to be available in October 2025.
Under the government’s program, qualifying exploration expenditures can be refunded to the company in the form of a C$30,000 ($33,612) grant.
CEO Jason Weber says the program at Veronica is an “important” first step to assess the project’s potential.
“The analytical results will help us greatly, but I think we are very happy with the preliminary findings of galena mineralisation in which it appears to be a prospective stratigraphic position,” Weber says.
“If this bears out, we have a very positive indicator that Veronica may be another CRD target in this emerging district.”
Veronica’s previous operators uncovered a multi-element soil geochemical anomaly in 2016.
According to a report, the company says this anomaly is defined over an area of 450m by 450m that is open to the east with values ranging from 0.3 to 31.3 parts per million (ppm) silver, 60 to 3,100ppm lead, and 50 to 612ppm zinc.
The Veronica Project, part of a recently optioned GDR Project, is located adjacent to the Tim Project in the Silvertip area of southern Yukon Territory.
Silver North Resources is a mineral explorer focused on silver discoveries in the Keno Hill district in the Yukon.
Write to Aaliyah Rogan at Mining.com.au
Images: Silver North Resources
