Silver North Resources Corp. is preparing for an ambitious 2024 drilling program at the Tim Property in Yukon Territory, currently under an option agreement with Coeur Mining, Inc. The exploration efforts will focus on uncovering silver-lead-zinc Carbonate Replacement Deposit mineralization similar to that found at Coeur's Silvertip Mine Property, located just 19 kilometers away. According to Silver North Resources CEO Jason Weber, Coeur Mining plans to initiate the 2024 program in June, focusing on drilling, geochemical sampling, and drill pad and access development.
The exploration campaign aims to complete approximately 2,000 meters of drilling from up to six drill pads, testing the potential for CRD-style mineralization along almost 2,000 meters of strike length of prospective stratigraphy. This extensive program represents a significant investment in understanding the geological potential of the Tim Property and its similarities to the established Silvertip Mine operation. The strategic location and geological characteristics make this exploration program particularly important for both companies involved.
Weber highlighted the strategic advantages of the Tim property, including its road access, which is a rarity in Yukon exploration. Thanks to its proximity to the access road leading to the Silvertip mine, the Tim Property enjoys a logistical advantage that reduces exploration costs and improves operational efficiency. This accessibility, combined with the region's geological potential and previous findings, underscores the project's significance in the broader context of Yukon mineral exploration. The property's infrastructure advantages make it an attractive target for systematic exploration.
Furthermore, Weber emphasized the exploration's potential to add value to Silver North Resources' portfolio and share price, independent of silver price fluctuations. The company aims to achieve a discovery that enhances its overall value, demonstrating its commitment to advancing exploration efforts and unlocking the full potential of the Tim Property. Weber's comments underscore the company's focus on creating shareholder value through strategic exploration initiatives. The busy 2024 drill campaign with Coeur Mining at the Tim Property represents a significant step in this direction, potentially establishing new mineral resources in a proven mining district.
The partnership between Silver North Resources and Coeur Mining leverages the technical expertise and financial resources of both companies to systematically explore the Tim Property's potential. The 2024 program builds on previous geological work and aims to validate the property's prospectivity through targeted drilling and sampling. Success in this exploration campaign could have broader implications for the Yukon mining district, potentially opening new areas for development and reinforcing the region's status as an important mineral exploration jurisdiction.
