Silver North Resources and Coeur Mining Launch Major Yukon Exploration Program

Silver North Resources Corp. is preparing for an ambitious 2024 drilling program at the Tim Property in the Yukon Territory, currently under an option agreement with Coeur Mining, Inc. The exploration efforts will focus on uncovering silver-lead-zinc Carbonate Replacement Deposit mineralization similar to that found at Coeur's Silvertip Mine Property, located just 19 kilometers away. According to Silver North Resources CEO Jason Weber, Coeur Mining plans to initiate the program in June, concentrating on drilling, geochemical sampling, and drill pad and access development.

The exploration campaign aims to complete approximately 2,000 meters of drilling from up to six drill pads, testing the potential for CRD-style mineralization along nearly 2,000 meters of strike length of prospective stratigraphy. Weber emphasized the strategic advantages of the Tim property, particularly its road access, which is uncommon in Yukon exploration. The property's proximity to the access road leading to the Silvertip mine provides significant logistical benefits that could accelerate exploration progress and reduce operational costs.

Weber highlighted the exploration's potential to add value to Silver North Resources' portfolio and share price, independent of silver price fluctuations. The company's objective is to achieve a discovery that enhances its overall value, demonstrating commitment to advancing exploration efforts and unlocking the full potential of the Tim Property. The CEO's comments underscore the company's focus on creating shareholder value through strategic exploration initiatives, with the 2024 drill campaign representing a significant step in this direction. The partnership with Coeur Mining brings substantial technical expertise and financial resources to the project, increasing the likelihood of successful exploration outcomes.

The geological setting of the Tim Property shows strong similarities to the Silvertip Mine, which has established significant silver, lead, and zinc resources. This geological continuity suggests the potential for similar mineralization patterns across the region. The extensive strike length being tested provides multiple targets for discovery, increasing the probability of identifying economic mineralization. The program's timing aligns with growing market interest in silver and base metals, though company leadership emphasizes that the exploration value proposition stands independent of commodity price cycles.