Two Rigs, Up to 14,000 Meters and a Yukon Silver District in Focus

1. Silver North Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North and Selkirk Copper Mines, 
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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1. Disclosure for the quote from the John Newell article published on February 23, 2026

1. For the quoted article (published on February 23, 2026), Silver North Resources has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

For additional disclosures, please click here.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Yukon continued to attract exploration activity as the 2026 field season got underway, with multiple companies advancing drill programs, property acquisitions, and exploration campaigns across the territory.

A June 4 industry commentary highlighted activity from Yukon Metals Corp. (YMC:CSE; YMMCF:OTCQB), Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB), and others, describing the Yukon as a mineral-rich jurisdiction where district-scale copper, gold, and silver exploration programs are drawing capital and field activity.

Among the companies active in the territory, Silver North outlined its largest exploration program to date at the Haldane Silver Project. The company signed a two-year contract that will keep two drill rigs operating on site and support between 10,000 and 14,000 meters of drilling. The program also includes a SkyTEM airborne geophysical survey designed to refine targets across the Main, West, Bighorn, Johnson, and Middlecoff zones.

The program is being conducted alongside several other exploration initiatives across Yukon. Yukon Metals recently began a fully funded 5,000-meter drill campaign at its AZ and Birch copper-gold properties, while Selkirk Copper Mines Inc. (SCMI:TSX.V; SKRKF:OTCQB) reported results from its 50,000-meter Phase 1 drill program at the Minto Mine. Gold Strike Resources (GSR:TSX.V; GDSRF:OTC) announced a US$15 million bought-deal financing and additional project acquisitions in the Tombstone Gold Belt, and White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) continued exploration activities across the White Gold District.

According to the commentary, Silver North's exploration plans reflect the breadth of Yukon's 2026 exploration season, which includes silver, copper, gold, and base metal projects across the territory.

Central Bank Buying and Silver Market Trends Remained in Focus

According to a June 5 analysis published by GoldFix citing a report from UBS strategist Joni Teves, World Gold Council data showed that central banks and other official institutions purchased a net 244 tonnes of gold during the first quarter, representing a 3% increase from the same period a year earlier and exceeding market expectations.

The report stated that concerns about a potential slowdown in official-sector demand had not materialized despite geopolitical tensions, higher real interest rates and a stronger U.S. dollar. Teves wrote that "central banks may not be pushing gold higher, but they continue to make it harder for gold to fall."

UBS also addressed reserve changes reported by Türkiye, noting that fluctuations in reported holdings did not necessarily reflect long-term selling activity. According to the report, reserve figures could be influenced by gold swaps, domestic liquidity operations, and commercial banking activity. Teves wrote that "headline reserve changes do not necessarily equal structural selling."

The analysis further stated that while investor positioning, real interest rates, and currency markets continued to influence short-term gold pricing, official-sector purchases provided long-term support by absorbing physical supply. UBS also reported that demand appeared to be expanding beyond the traditional group of major central-bank buyers as additional sovereign institutions and reserve managers entered the market. GoldFix summarized the trend by stating, "The market spent months worrying about who might sell gold. The data suggest more institutions are still looking for reasons to buy it."

Separate commentary published June 3 by Rocks Daily, citing findings from the European Central Bank, reported that gold had surpassed U.S. Treasuries as the world's second-largest reserve asset. The report stated that central banks continued accumulating bullion while many countries sought to diversify reserves away from the U.S. dollar. According to Rocks Daily, central banks collectively held more than 36,000 tonnes of gold, with reserve stockpiles approaching levels last seen during the Bretton Woods era.

Market participants also continued monitoring technical and macroeconomic developments affecting precious metals prices. Writing for CNBC on June 5, Michael Khouw stated that gold was trading near its 200-day moving average while testing the 50% Fibonacci retracement level of its previous advance. He wrote that several momentum and trend indicators had weakened and that inflation concerns tied to the conflict in Iran had increased expectations for a more hawkish Federal Reserve policy stance.

Khouw noted that a "higher for longer" interest-rate environment had historically created headwinds for gold because the metal does not generate yield and competes with interest-bearing assets. He also stated that a stronger-than-expected employment report had contributed to market uncertainty. According to CNBC, options market activity reflected continued investor attention on both technical price levels and broader macroeconomic developments.

Silver market commentary published June 8 by commodities analyst Patrick MontesDeOca focused on the metal's longer-term price structure. MontesDeOca wrote that silver futures continued to follow "the structure of a major 360-day cycle" that began in September 2025. He stated that silver advanced from US$43.47 to US$121.78 between September 2025 and January 2026, describing the move as "an extraordinary rally of approximately 180% in only four months."

MontesDeOca also wrote that silver remained "one of the strongest-performing asset classes in the commodity sector" and stated that its price structure continued to display characteristics of a secular bull market supported by "monetary demand, industrial consumption, and tightening physical supply conditions."

According to silver pricing data published June 8, spot silver was quoted at US$67.86 per ounce. Historical performance figures cited in the report showed gains of 16.35% over the previous six months and 88.56% over the prior 11 months. The report stated that the spot price remained the benchmark for silver valuation and continued to be influenced by global supply, demand, and economic developments.

Analyst Commentary Highlights Exploration Funding and District Activity

¹According to a February 23 report from John Newell of John Newell & Associates, exploration activity in the Keno Hill Silver District continued to draw attention as companies advanced drilling and funding initiatives. Discussing developments at the Main Fault target, Newell wrote that "the Main Fault is showing the scale and complexity needed to host high-grade mineralization, and they are still early in revealing its potential."

Newell also pointed to the importance of exploration funding, stating that a recently completed brokered financing had "effectively funds the next two years of exploration." He further noted that the company was "heading into 2026 with its largest drill plan to date at Haldane in the Keno Hill Silver District of Yukon."

The report also discussed market activity related to the sector. Newell wrote that shares had "achieved targets in sequence," including CA$0.32 and CA$0.43, and had also "tagged the CA$0.55 area." He added that "the next obvious magnets remain CA$0.55, then the CA$0.70 interim level, and finally the big picture target at CA$1.05," describing chart levels identified in his analysis.

Additional commentary on exploration work in the district appeared in an April 28 report from Michael Ballanger of GGM Advisory Inc. Ballanger wrote that a SkyTEM312 airborne survey had been completed on the Haldane property and stated that "most of their 2026 activity will be focused on Haldane."

Ballanger also referenced the district's history, noting that "the Keno Hill Silver District was the site of the legendary United Heno Hill Mines epic move from CA$0.60 to CA$60 back in the late 1970's." He discussed the area in the context of ongoing exploration activity and geological work being conducted across the district.

Silver North Outlines Multiple Exploration Programs Across Yukon Properties

Silver North Resources has outlined exploration activities across its Haldane, Tim, and Veronica properties in Yukon, according to its corporate presentation.

At the Haldane silver project, the company reported that its 2025 program extended the Main Fault mineralized footprint to at least 100 meters of strike length and 300 meters down dip from surface. The presentation states that the 2026 program is intended to focus on building the Main Fault discovery down dip and along strike. Silver North also indicated that airborne geophysics is planned to help refine Main Fault targeting and that the company is planning to operate two drill rigs for a four- to five-month period.

The company identified several target areas at Haldane, including the Main Zone, West Fault Zone, Bighorn Zone, Middlecoff Zone, and Johnson area. The presentation notes that recent work extended mineralization at the Main Fault and highlighted potential for multiple Keno-style vein deposits across the property.

At the Tim property, Silver North reported that drilling and trenching work identified the Wolf Fault as a priority target and that previous drilling confirmed the presence of what the company describes as a productive carbonate replacement deposit system. 

Silver North also outlined plans at the Veronica property, located north of Coeur Mining's Silvertip Mine. The company reported that exploration work expanded the Betty soil anomaly to more than one kilometer by one kilometer and identified silver-lead mineralization through prospecting and outcrop sampling. The presentation describes Veronica as a high-priority target for 2026 exploration and notes that Silver North is working to confirm the presence of a carbonate replacement deposit system in the district. 

The presentation further states that Silver North is fully funded for 2026 and 2027 exploration programs and plans to continue drilling at Haldane while advancing work at Tim and Veronica.

Ownership and Share Structure²

Management and strategic Investors own 14.6%, and the rest is retail.

The company has a market cap of approximately CA$23.19 million and a 52-week share price range of CA$0.08 to CA$0.57 per share. 

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