Silver North Resources (TSX-V:SNAG, OTCQB:TARSF), which rebranded during 2023 to emphasize the opportunity presented by its silver assets in the Keno Hill District in Yukon Territory, Canada, has an exciting exploration program planned at its flagship Haldane project in 2024.
CEO Jason Webber joined Proactive to outline the company’s exploration plans and also emphasized the value of its relationship with neighboring miner Hecla Mining Company (NYSE:HL), a major silver producer.
Proactive: Give us a bit of background on Silver North.
JW: Silver North is kind of a new company, we actually just rebranded it in August of 2023. We have two silver projects we are exploring in the Yukon and, in the old company, we had a bunch of other projects. We decided to change the focus to silver around the same time we had a neighbor Hecla Resources [commence production] and, being one of the biggest silver producers in the world, we thought they’d bring more light to the Keno Hill area where we’re working. We really wanted to make sure with the Silver North brand we are recognized as a silver company exploring in the area.
Let’s talk about those two projects. Do you define one as your flagship?
The Haldane project in Keno Hill would be our flagship project. That’s where our capital gets spent exploring. Our second project is called Tim. It’s an outstanding project, as well, that’s partnered with a big silver producer [Couer Explorations]. They’re funding the work and they execute the program, so that operates in the background but still gives investors exposure to a discovery.
Tell me about Haldane and the sort of work that’s going to happen this year.
We made a discovery at Haldane in 2021, high-grade silver intersected over a 90-meter by 100-meter area so far. The first objective of the program is to continue to step out and build on that down dip and along strike. We have a second target called Big Horn that we drilled in 2019 that had an interesting hole, but it was talking to our neighbors at Hecla who helped us figure out the significance of this target. We’re going to go back and drill at least another couple of holes at that target to try and identify a new vein system there as well.
It sounds like you have a pretty good relationship with your neighbor. That must be key for the company, sometimes two or four eyes are better than one.
As much as we’re all competitors, in this business when you’re operating projects up north in secluded areas, you often rely on any neighbors you have around you for help. That can be logistical through to geological and that sharing of knowledge and information can be really valuable.
What’s the message you’re bringing this year?
There’s no doubt we’ve been through some hard times in the junior mining sector, especially in precious metals. We’re saying that it doesn’t really matter where the silver price is right now, where we add value for our shareholders is through discovery and we have two opportunities this year with drilling at Haldane and by our partner at Tim. That’s the story we are trying to tell: even in a troubled market, we can still provide value for our investors.
Quotes have been edited for clarity and style