Expert Says Silver Stock Has Begun a New Bull Market

In light of Silver North Resources Ltd.'s 2024 drilling program, Technical Analyst Clive Maund takes another look at the company to explain why he believes the stock is an Immediate Strong Buy.

This is a good time to present an update on Silver North Resources Ltd. (SNAG:CVE;TARSF:OTCMKTS) for a variety of reasons. One is that the stock has decisively begun a new bull market, as predicted in the original article posted on March 19. After this article was posted, the company came out with news on March 27 that a drill program is to be undertaken at its Tim property by Coeur Mining, with which it is working in collaboration. Here is an important and relevant paragraph from this news release.

"Coeur is planning to commence the 2024 program in June, with the intention of completing drilling, geochemical sampling, and drill pad and access development, with crews operating out of the Silvertip mine camp. Approximately 2,000 meters of drilling is planned from up to six drill pads, testing the potential for CRD-style mineralization along almost 2,000 meters of strike length of prospective stratigraphy. Previous work has identified silver mineralization in trenches dating back to the 1980s. A 2022 program conducted by Coeur to verify previous trench sampling returned 468.1 grams per tonne of silver, 21.1% lead, and 0.3% zinc over four meters from one reopened trench. Another, located approximately 200 meters along the strike, returned 265 g/t silver, 6.7% lead, and 0.9% zinc over 8.8 meters. Silver North views Tim as a high-priority exploration target as it exhibits similar geological characteristics to Coeur's Silvertip Project."

Some details of the Tim Property are provided on the following slide.

Note that other slides from the company's