Silver North Strikes Additional Substantial Holes
Bob Moriarty of 321gold.com explains why he likes Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB), especially considering their most recent news.
I most recently covered Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) on November 18, when the stock traded at CA$0.25. Considering those drilling outcomes from that time, a meteoric ascent in the silver price, and further remarkable drilling results just announced, the stock finished at CA$0.34 on December 10, a 27% increase in under a month.
Silver North's flagship project, the Haldane Silver Property, is situated in the Yukon, nestled in the heart of the Keno Hill Silver District. On December 10, 2025, SNAG unveiled assay results from an additional two drill holes completed as part of the 2025 1780-meter eight-hole drilling campaign, with two holes still pending.
Hole HLD25-35 encountered 231 g/t Ag and 0.24 g/t Au with 0.54% lead and 0.39% zinc over 14.40 meters. I entered these outcomes into a program to calculate the in-situ metal value depicted here. This hole also contained a 1.25-meter interval grading 1,261 g/t Silver and 0.74% Au with 0.35% lead and 0.41% zinc, illustrated here.
There are scarce primary silver deposits worldwide, so a doubling in the silver price seldom creates circumstances for increased silver production. In most instances, the silver price is not as significant as that of lead and zinc because silver is not the dominant metal in the mix. However, in the case of these holes, silver represents 80% of the economic value, suggesting that Haldane could indeed develop into a primary silver mine.
On December 11, the company issued another press release, revealing overlimit assays from grab samples collected from their Veronica property, with galena (lead) grades as high as 76.8% in addition to 2,860 g/t silver.
The United States, and likely the rest of the globe, are in the throes of a gradual train wreck, unnoticed by most observers. On October 31, the U.S. Repo market surged in a manner akin to how it behaved in September of 2019, just six months prior to the March 2020 crash. Moreover, the Yen Carry Trade is unraveling as bond yields in Japan skyrocket. The JCB faced a dilemma between protecting the Yen and safeguarding the global economy, and appears to have opted for defending the Yen for the welfare of Japanese citizens. I observe data suggesting that the Yen Carry Trade encompassed $12 trillion in high-yield assets, which are currently being liquidated.
This is a Big Deal, not a 2008 or 1929. It's a whole lot larger and riskier. In premarket trading on December 10, Oracle shares tumbled by 11%, signaling to the world that the AI nonsense has risen to the surface of the cesspool. Now everyone can detect the stench. AI stocks have driven all of the gains in the S&P this year. The system is coming apart at the seams.
But not silver. I crunched some figures to illustrate where we stand in the silver bull market. My loyal readers know that I am a contrarian. The only alternative is to be a victim. I elected not to be a victim. You can choose what you want.
https://sprott.com/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/
On April 19, 2011, at the peak, the premium on PSLV was roughly 25.23%.
On March 12, 2020, at the nadir, the discount to PSLV was -10.34%.
On October 27, 2025, right before the meteoric rise, the discount to PSLV was -5%. Silver traded at US$46.81 an ounce.
On December 10, 2025, the discount to PSLV was -3.34%, and silver reached US$62.46, a US$15.65 increase in six weeks. We are headed higher. Possibly much higher.
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Important Disclosures:
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.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 Resources Ltd.Bob Moriarty: I, or members of my immediate household or family, own securities of: Silver North Resources Ltd. My company has a financial relationship with: Silver North Resources Ltd. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 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. This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.For additional disclosures, please click here.