Silver North Hits More Big Holes

Bob Moriarty
Archives
Dec 12, 2025

I last reported on Silver North, (SNAG-V) on November 18th when the shares were $.25. Based on those drill results back then, a rocket higher in the price in silver and more outstanding drill results just released, the shares closed on December 10 at $.34 up 27% in less than a month.

Silver North is located in the Yukon with their Haldane Silver Property deep in the Keno Hill Silver District. On December 10th, 2025 SNAG released assay results from another two drill holes conducted as part of the 2025 1780-meter eight-hole drill program with two holes remaining.

Hole HLD25-35 intercepted 231 g/t Ag and 0.24 g/t Au with 0.54% lead and 0.39% zinc over 14.40 meters. I put those results into a program to determine metal in the ground value shown here. Within that hole was included a 1.25-meter intercept of 1,261 g/t Silver and 0.74% Au with 0.35% lead and 0.41% zinc shown here.

There are few primary silver deposits in the world so the price of silver doubling rarely creates conditions for higher production of silver. In most cases the price for silver isn’t as important as that of lead and zinc because silver isn’t the primary metal in the mix. In the case of these holes, silver shows 80% of the economic value so indeed Haldane looks to be a primary silver mine in the works.

On December 11th the company posted an additional press release showing overlimit assays from grab samples taken from their Veronica property as high as 76.8% galena (lead) on top of 2,860 g/t silver.

The US and probably the rest of the world are in the midst of a slow-motion train wreck invisible to most observers. On October 31st the US Repo market exploded higher in a similar vein to how it did in September of 2019 just six months before the crash of 2020 in March. In addition, the Yen Carry Trade is collapsing as bond yields shoot higher in Japan. The JCB had a choice of defending the Yen or defending the World’s economy and seems to have chosen defending the Yen for the benefit of Japanese citizens. I see numbers indicating that the Yen Carry Trade involved $12 trillion in high yield assets which are now being unwound.

This is a BFD, not a 2008 or 1929. It’s a whole heap bigger and more dangerous. Premarket on December 10th the shares of Oracle plunged by 11% telling the world that the AI bullshit just floated to the top of the cesspool. Now everyone can smell it. AI shares have provided all of the gains in the S&P this year. The system is coming unglued.

But not silver. I did up some numbers to show where we are in the silver bull market. My regular readers understand I am a contrarian. The only other choice is to be a victim. I chose not to be a victim. You can do what you wish.

https://sprott.com/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/

On April 19th of 2011 at the top, the premium on PSLV was about 25.23%.

On March 12th of 2020 at the bottom, the discount to PSLV was -10.34%.

On October 27th of 2025 just before the rocket ship higher the discount to PSLV was -5% Silver was $46.81 an ounce.

On December 10th of 2025 the discount to PSLV was -3.34% and silver hit $62.46 up $15.65 in six weeks.

We are going higher. Maybe much higher.

I participated in the Silver North private placement. Silver North is an advertiser so that makes me biased. Do your own due diligence.

Silver North Resources Ltd
SNAG-V $.385 (Dec 11, 2025)
TARSF-OTCQB 75.3 million shares 
Silver North Resources website

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Bob Moriarty
President: 321gold
Archives

321gold Ltd