Silver North Resources Races Toward June Drilling With Fully Funded Two-Year Plan

Silver North Resources gains 10% as it prepares for diamond drilling at Haldane and Tim projects, backed by C$11.6M funding through 2027.

Silver North Resources has emerged as one of the more closely watched junior explorers in the Yukon this spring, with the stock climbing nearly 10% in a single session to C$0.20. The catalyst is straightforward: the company is sitting on a fully funded exploration programme through 2027 and is gearing up to put two diamond drill rigs into the ground starting in June.

The explorer's flagship Haldane project in the Keno Hill District has just benefited from an airborne geophysical survey, the results of which are now being used to refine drill targets in the Main and West zones. Earlier surface sampling at the property returned grades exceeding 2,000 grams of silver per tonne, giving the technical team a high-grade baseline to work from as they seek to unlock the broader geological picture.

Silver North is also regaining full ownership of the Tim project after partner Coeur Mining elected to terminate the option agreement in May. Coeur had completed a 2,250-metre drill programme there and identified signs of promising mineralisation before stepping away. The company now has complete strategic control over both assets.

The financial runway is the key differentiator here. A private placement completed in February raised C$11.6 million, enough to cover all planned work for 2026 and 2027. A contract with drilling services firm Boart Longyear secures access to two diamond drill rigs, with the target set at up to 14,000 metres annually. The focus will be on extending the Main Fault Zone, where earlier intercepts have generated considerable interest.

Investors will get a deeper look at the numbers when the company publishes its latest financial results in May. Management is also scheduled to appear at an investor forum later in the month, where they are expected to provide operational updates on both Haldane and Tim.

The stock has rallied roughly 16% over the past seven days and is up around 17% over the trailing 30-day period, reflecting growing confidence that Silver North is entering a value-creation phase. With exploration fully funded and drilling set to begin in June, the next few months will be critical in determining whether the company can convert its early-stage discoveries into a meaningful resource base.