Source: Clive Maund 05/17/2024
Technical Analyst Clive Maund takes a look at Silver North Resources Ltd. to explain why it is an Immediate Strong Buy.
It's a good time to take another look at Silver North Resources Ltd. (OTC: TARSF) because it is at another favorable buy spot. While the fundamentals of the company have been covered in previous articles, there has been one significant piece of news since we last looked at it a month ago, which is that SILVER NORTH OPTIONS GDR SILVER PROJECT.
Given the extraordinarily positive outlook for silver, it makes sense for the company to acquire more prospective ground, especially as it is close to their existing Tim property and is, therefore, logical from a logistical point of view.
Jason Weber, P.Geo., President and CEO of Silver North, commented, "The GDR acquisition represents a strategic move to acquire additional ground prospective for high-grade CRD silver mineralization in this under-explored district. "Despite the early-stage nature of these properties, all three have favorable characteristics for CRD mineralization. In particular, the Veronica claim group has a strong, unexplained multielement soil geochemical anomaly just west of our Tim Property. This complements the Tim Property nicely and gives Silver North access to more of the prospective stratigraphy in this district."
Before we move on to consider the all-important stock charts, it's worth grounding ourselves in the fundamental circumstances of the company by means of some interesting slides lifted from the company's latest Investor Deck.
The company's two main properties are Haldane and Tim, both located in the Yukon Territory in Canada, some details of which are provided on the following slide.
The next slide shows the location of these two Yukon properties.
The following slide shows the view from Mt. Haldane and gives an idea of the local terrain.
The company's plans for the Haldane Project are summarized on this slide.
The company's other main project, the Tim property, is optioned to Coeur Mining, as detailed on this slide.
Lastly, this slide shows that of the 43.4 million shares is issue, more than half are owned by Management, Funds and Private Individuals, leaving 47% to Retail Investors.