Watson Lake, Yukon near the Silvertip Mine
OPTIONED TO COEUR EXPLORATIONS INC.
The Tim property consists of 72 mineral claims located 72 km west of Watson Lake, Yukon and 12 km northeast of the Silvertip deposit. The property is accessible by road. The Tim property claims cover an area of anomalous silver-lead-zinc in soil geochemistry. Trenching in 1988 uncovered silver, lead, zinc bearing iron and manganese oxides over widths of up to 30 m over a strike length of 1 km.
Silver North believes the property has the potential to host a carbonate replacement – manto style deposit, similar in nature to the nearby Silvertip mine, owned by Coeur Mining. At Tim, historic trench chip samples returned 352.4 g/t silver, 9.12% lead over 4 m and two grab samples taken from another trench returned assays of 1248.1 g/t silver and 49.5% lead and 978.7 g/t silver and 32% lead respectively.
Confirmation sampling by Silver North, using a rock saw in 2013 returned 6.4 meters grading 220 g/t silver and 4.74% lead. Within this interval, 3.7 meters assayed 365 g/t silver and 7.54% lead. Management believes the potential to expand on the known mineralization is excellent.
The SkyTEM airborne survey conducted by Coeur identified several conductors that appear to correlate with oxidized silver-bearing mineralization encountered in historic trenching programs by previous operators. Re-opening of the historic trenches in 2021 exposed oxidized material thought to be related to carbonate replacement mineralization, similar in nature to silver-bearing mineralization seen elsewhere in the region.