Silver and gold repose patiently in limbo, awaiting the Lunar New Year’s conclusion in a week, so we can allow the Chinese to enlighten us on their designs for the metals henceforth. The DSI for gold stands at 66 and 62 for silver. That signals nothing, but it appears to me the world anticipates what unfolds subsequently. Silver SHOULD persist in correcting but Mr. Market can’t quite resolve his stance.
I shall report on one of my cherished silver equities that I’ve expounded upon thrice in the prior eight months. I surmise all the segments were equally tedious. Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) persists in striking dazzling silver intercepts. I last reported on Silver North on December 12, on November 18, and back in July.
Silver North is situated in the Yukon with its Haldane Silver Property nestled deep in the Keno Hill Silver District. Today, the enterprise disclosed the highest-grade hole they’ve ever drilled. Tedious, tedious, tedious. Who would fancy procuring an ultra-high-grade silver company with silver at US$80 per ounce?
The response, naturally, is virtually everyone. Silver is in dearth with the demand facet coveting considerably more physical silver than exists on the shelf.
Today’s press release conveyed results from eight holes with prodigious hits in seven of the eight, including:
HLD25-31 yielding 13.15 meters of 818 g/t Ag or 896 g/t Silver Eq and HLD25-32 exhibiting 22.65 meters of 160 g/t Ag or 187 g/t Ag Eq and HLD25-33 reporting 5.56 meters of 176 g/t Ag or 224 g/t Ag Eq and HLD25-34 with 13.60 meters of 146 g/t Ag or 204 g/t Ag Eq and HLD25-35 had 27.90 meters of 153 g/t Ag or 172 g/t Ag Eq and HLD25-36 gave 3.15 meter of 228 g/t Ag or 232 g/t Ag Eq and HLD25-37 found some rocks HLD25-38 showed 1.5 meter of 406 g/t Ag or 436 g/t Ag Eq.
The company has executed an exceptional job of capitalizing while circumstances are auspicious. They amassed CA$13 million, which shall wholly fund the ensuing two years. Silver North will employ two drills this year, with its exploration commencing in May. The 2026 drill program will encompass between 5,000 and 7,000 meters.
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