Silver North's Veronica Property Yields Silver Discovery at Betty Target
AlphabetAlphabet(US:GOOG) Thenewswire·2025-10-28 11:30

Core Insights - Silver North Resources Ltd. announced positive analytical results from the 2025 field exploration program at the Veronica Property, indicating the potential for significant silver mineralization [1][2][5] Exploration Results - The 2025 exploration program expanded the previously identified Betty target's soil geochemical anomaly from 450 m by 450 m to over 1 km by 1 km, revealing a multi-element anomaly of silver, lead, and zinc [2][5] - High-grade silver mineralization was discovered, including float cobbles with silver grades of 2,860 g/t and 213 g/t, marking the first silver-bearing mineralization found at the Veronica property [3][5] Geological Context - The exploration results suggest the potential for Carbonate Replacement Deposit (CRD) style mineralization at Veronica, similar to that found at Coeur Mining's Silvertip Mine located 12 km south [2][5] - Geological mapping indicates the preservation of prospective stratigraphy known for hosting high-grade silver-lead-zinc mineralization [7] Program Details - The exploration program was partially funded by a grant from the Government of Yukon, allowing for up to $30,000 in qualifying exploration expenditures [8] - A total of 453 soil samples and 26 rock samples were collected during the eight-day program, which included prospecting, mapping, and hand trenching [8][12] Location and Strategic Importance - The Veronica claims are part of the GDR project, located adjacent to the Tim Property, which is under option to Coeur Mining, targeting high-grade silver-lead-zinc mineralization [9][19]