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Highlights
Silver North Resources receives exploration grant for the Veronica claims
Program to investigate historical silver-lead-zinc anomalies in Yukon
Work to be conducted under the GDR Project near Tim Silver Property
Silver North Resources (TSX-V:SNAG), a Canadian explorer focused on precious metals, has secured financial backing for exploration at its Veronica claims in the Silvertip-Midway District of Yukon. The company, which is not part of the All Ordinaries index, will utilise the grant from the Yukon Mineral Exploration Program to initiate its 2025 field campaign. The project is part of its broader GDR initiative, which includes one hundred and fifty claims across a geologically promising area in southern Yukon.
The newly funded exploration effort is scheduled to begin in July and will follow up on previously identified geochemical anomalies across a defined target zone.
Exploration to Focus on Multi-Element Soil Anomalies
The program will involve detailed geochemical soil sampling, geological mapping, and on-ground prospecting. These methods aim to further define a silver-lead-zinc mineralisation zone previously recognised within a specified area of the Veronica claims. Historical data shows notable silver and base metal concentrations that remain open toward the east of the current grid.
Silver North has stated that the characteristics of this mineralisation may resemble those found at the Silvertip Mine, a prominent deposit located southwest of the Veronica property.
Yukon Mineral Program to Offset Project Costs
The grant from the Yukon Mineral Exploration Program will reimburse a portion of the program’s total expenditure. The initiative is designed to support early-stage exploration projects in the region, enabling junior explorers to gather valuable geological and structural data.
According to the company, this support plays a crucial role in unlocking value in underexplored territories and advancing resource identification across the territory's mineral belts.
GDR Project Positioned Near Existing Silver Interests
The Veronica claims form part of the GDR Project, which lies adjacent to Silver North’s Tim Silver Property. The Tim property is currently under option to Coeur Mining (NYSE:CDE), reinforcing the company’s presence in the Yukon’s evolving silver corridor. The broader district is attracting increased exploration activity, with companies targeting Carbonate Replacement Deposit (CRD) systems.
