A SILVER TARGET IN THE EMERGING SILVERTIP CRD DISTRICT

The Veronica property is one of three properties in the GDR Project. Veronica consists of 100 mineral claims located 80 km west of Watson Lake, Yukon and 11 km northeast of Coeur Mining’s Silvertip deposit. Veronica is just west of and adjacent to Silver North’s Tim Property (under option to Coeur) and was acquired based on the emergence of the Silvertip area as a new Carbonate Replacement Deposit (“CRD ”) silver district. The property is accessible by road via a spur off of the Silvertip Mine access road, which connects to the Alaska Highway. The Veronica claims cover an area of anomalous silver-lead-zinc in soil geochemistry and geology prospective for hosting CRD style mineralization similar to that hosting the silver resources at the nearby Silvertip Mine. Recent work by Coeur and Silver North in this region suggests that both Silvertip and Veronica (and Silver North’s Tim Property adjacent to Veronica’s east side) are part of an emerging CRD district in southern Yukon and northern British Columbia.

In 2025, Silver North completed an eight-day prospecting, mapping, soil geochemical sampling and hand trenching program at Veronica. A total of 453 soil samples and 26 rock samples were collected, while two hand trenches and eight additional hand excavated pits were completed. This work investigated an open-ended 450 m by 450 m silver-lead-zinc soil geochemical anomaly that had been identified by the property vendors. The 2025 program successfully expanded upon this anomaly (now termed the “Betty Anomaly”), bringing it to over 1000 m by 1000 m in size and open to the east, and possibly to the south. The Betty Anomaly is defined by coincident silver (1 ppm to 31.1 ppm), lead (50 ppm to 8850 ppm) and zinc (200 ppm to 3830 ppm) values in soils.

Importantly, field crews were able to identify the first-ever silver bearing mineralization on the property, in both float and outcrop within the anomaly. Float cobbles were found on surface including a 15-cm wide massive sulphide cobble which returned 2,860 g/t Ag, 0.412 g/t Au, >1% Pb, 0.13 % Cu, 0.22 % Sb, 0.18% Zn  (Sample K665269) and a cobble uncovered in a hand trench in the same area (213 g/t Ag, >1% Pb, 367 ppm Sb (Sample K665270) collectively, the “Lodge Showing”). Approximately 100 m to the northeast of the Lodge Showing, an outcropping brecciated and silicified fault zone was discovered, the Cooper Showing, hosting disseminated and blebby galena. One grab sample from this location returned 17.15 g/t Ag, 0.72 % Pb, 0.17 % Zn, 22.3 ppm Sb.  Geological mapping indicates the potential preservation of the prospective stratigraphy known for hosting high grade silver-lead-zinc mineralization at Silvertip.

MAPS & PHOTOS

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  Veronica Location

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  Silver in soil geochemistry

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  Lead in soil geochemistry

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  Sample K665269 (float cobble) - 2,860 g/t Ag, 0.412 g/t Au, >1% Pb, 0.13 % Cu, 0.22 % Sb, 0.18% Zn

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  Sample K665269 (float cobble) - 2,860 g/t Ag, 0.412 g/t Au, >1% Pb, 0.13 % Cu, 0.22 % Sb, 0.18% Zn