Silver North Resources (TSX-V:SNAG) is fully financed for the 2026 and 2027 field seasons, with a drill program planned at the Haldane Project in Canada.
Drilling will begin as soon as weather permits, but is expected to begin by the first week of June. Two drills will be onsite for four to five months, with an expected 5,000 to 7,000m of drilling through this year’s season.
Fieldwork will begin in late March or early April with airborne magnetics and electromagnetics surveys.
Exploration in the Silvertip District will be conducted in the summer of 2026.
Meanwhile, at the Veronica Project, a follow-up program is planned which will comprise airborne magnetics and electromagnetic geophysical surveys, as well as further groundwork likely to include additional mapping, prospecting and soil geochemical surveys to delineate drill targets.
This news comes after Silver North increased a brokered private placement for the third time to C$10.6 million ($11.41 million), following investor demand.
The company first announced its intention to raise up to C$5 million last week, as reported by Mining.com.au. The initial conditions saw Silver North issuing 5 million units at a price of C$0.40 per unit.
Earlier this month, Silver North closed the placement, raising C$11.58 million. Around 17.1 million flow-through units at C$0.56 were issued, as well as 4.98 million units at C$0.40.
Red Cloud Securities acted as the sole agent and bookrunner for this placement.
Silver North Resources is a silver-focused explorer focused on discoveries in the Keno Hill District in Yukon, Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: Silver North Resources
