Oleblue
4週前
Silver47 Reports New High-Grade Rock Sample Results from the Expanded Kennedy Gold-Silver Project, Nevada
Assay results of up to 38.7 g/t Au and 1,713 g/t Ag highlighting a 15 km largely untested vein network with strong potential for new disseminated gold discoveries across the 6,150-acre land package
Vancouver, British Columbia, May 7th, 2026 - Silver47 Exploration Corp. (TSXV: AGA) (OTCQX: AAGAF) ("Silver47" or the "Company") is pleased to report the results of a comprehensive rock sampling and geological mapping program at its wholly owned high-grade Kennedy gold-silver Project in Nevada (the “Kennedy Project”). Results continue to demonstrate strong prospectivity for high-grade gold and silver mineralization across the under-explored project.
Highlights:
High-Grade Results:
38.7 g/t Au and 1,713 g/t Ag from the Borlasca Vein
9.7 g/t Au and 1,351 g/t Ag from the Danneburg Vein
7.1 g/t Au and 1,566 g/t Ag from the Wallace Vein
32.2 g/t Au from the Lamberson Vein
Widespread Gold & Silver Mineralization: This sampling program covered the recently expanded 6,150-acre project area highlighting broad areas of gold-silver mineralization, largely untested by modern exploration.
Shallow High-Grade Vein field: Kennedy hosts a ~15 km network of near-surface, high-grade veins that remain mostly unexplored, offering strong potential for significant new discoveries.
Disseminated Gold Opportunity: Mapping has identified several new areas prospective for intrusion-related, bulk-tonnage disseminated gold mineralization marked by strong alteration and pathfinder geochemistry.
Accelerated Exploration: A multidisciplinary program including ground geophysics and soil-geochemistry is underway to further pinpoint high-priority drill targets.
Hughes Project Drill Program Update: Drilling at the Ruby Target has progressed with four RC pre-collars and one core tail complete with one in progress, representing <20% of the meters drilled of the planned program. Both core holes intersected multimeter-scale quartz-calcite veining and breccias with locally visible silver-sulfide mineralization on the eastern extension of the Tonopah Mining District.
Galen McNamara, CEO, stated: “We are extremely encouraged by these latest high-grade rock sample results from the Kennedy Project, which continue to validate our belief that this is a highly prospective and underexplored asset. The presence of such strong grades at surface reinforces the potential for a robust mineralized system at depth. Our team is eager to build on this momentum as we advance systematic exploration and unlock what we believe could be significant value for our shareholders.”
Figure 1: Map showing compiled and new rock sample locations and assay data
Investigating Widespread High-Grade Gold-Silver Mineralization
A systematic geological mapping and rock sampling program was recently completed by Born Again Prospector, LLC on unpatented mining claims of the recently expanded Kennedy Project, 70 km south of Winnemucca, Nevada (see April 20th, 2026 News Release). The purpose of the mapping program was to investigate the geological setting for widespread gold-silver-base metal mineralization across the project area. Results from the mapping will form the framework for target refinement and continued exploration.
Geological mapping identified 13 key lithological units across the project which are distinguished based on age and structural relationships. Ordovician to Permian stratigraphy of the Pumpernickel Formation comprises intermediate volcanics, volcaniclastic rocks and limestones. These rocks are overlain by Triassic aged rhyolite of the Koipato Formation and collectively are intruded by Oligocene aged gabbros, diorites, granites and rhyolite porphyries. The entire package has been structurally deformed with project-scale brittle faulting and zones of ductile deformation. Vein-hosted, high-grade gold-silver mineralization with associated strong clay-silica alteration is commonly observed in large, km-scale, north-west trending brittle structures that crosscut primarily Triassic intrusive rocks (e.g., Cricket, Imperial and Fourth of July trends, Figure 1). To the south, in older Pumpernickel Formation supracrustal rocks (e.g., near the Lamberson target and proximal to Gold Note and Borlasca targets), gold-mineralization locally lacks apparent structural controls and may represent compelling disseminated gold targets.
As part of the geological mapping program, areas of historic surface workings (e.g., blast pits and mine dumps) as well as outcrop, subcrop and float were sampled. In total, 70 new rock samples were collected. Highlights from recent sampling include:
CONTINUED:
https://mailchi.mp/87f95ea65560/silver47-reports-new-high-grade-rock-sample-results-from-the-expanded-kennedy-gold-silver-project-nevada?e=a01e90e6fd
Weekly Chart......OBV in downtrend ..watching for turn around
https://schrts.co/gdRQcpbw
https://schrts.co/HKpYzaYQ
Oleblue
1月前
Silver47 Triples the Size of the Kennedy Gold-Silver Project in Nevada by Staking 4,150 Additional Acres Targeting High-Grade Veins
Vancouver, British Columbia, April 20, 2026 - Silver47 Exploration Corp. (TSXV: AGA) (OTCQX: AAGAF) ("Silver47" or the "Company") is pleased to announce it has acquired an additional 4,150 acres of mineral claims at the high-grade, gold-silver Kennedy Project, Nevada via claim staking.
Highlights:
Major Expansion in Nevada’s Kennedy District: Silver47 has tripled the size of the Kennedy Project to 6,150 acres by staking approximately 4,150 additional acres and consolidating substantial ground in this underexplored historic gold-silver district.
Low-Cost, Royalty-Free Project Growth: The expansion was achieved through low-cost claim staking with no NSR royalty delivering 100%-owned ground.
Untapped Discovery Potential: The project now covers at least 15 km of largely unexplored veins plus potential bulk-tonnage gold-silver mineralization, building on exceptional surface samples and historic production grades reaching 15.5 g/t Au and 311 g/t Ag¹.
Comprehensive Exploration Program Underway: A multidisciplinary field program, including geological mapping, rock chip sampling, soil-geochemical surveys, and drone-based geophysics is underway aimed at defining high-priority drill targets.
Hughes Project Drill Program Progress: One hole has been completed and another is in progress along the highly prospective eastern extension of the Tonopah Mining district on the Hughes Project. Several meter- to multi-meter zones of quartz-adularia veins, stockworks and breccias were intersected in the first hole as expected. Assays are pending and drilling continues.
Galen McNamara, CEO, stated: “By tripling the size of the Kennedy Project to 6,150 acres through low-cost, royalty-free staking, we have consolidated this historic, underexplored gold-silver district and positioned Silver47 for a major discovery opportunity. Northern Nevada is renowned for historic vein fields that have produced many of the region’s largest and most significant mines. We are now targeting extensions of the vein system as well as new high-grade gold-silver targets across the project as we drive to unlock additional shareholder value through measured and systematic discovery.”
Figure 1. Plan Map of Kennedy Project.
Kennedy Project Expansion
Based on results from previous rock sampling and prospecting programs (e.g., 21.9 g/t Au and 2,336 g/t Ag from the Borlasca vein and 6.2 g/t Au and 3,037 g/t Ag from the Fourth of July vein, see April 24th, 2025 and September 4th, 2025 news releases) and compilation of historical exploration data an additional ~4,150 acres of unpatented mining claims were acquired at the Kennedy Project through staking. The strategic claims cover prospective open ground around the Kennedy district (Figure 1). The project now consists of 301 unpatented mining claims for approximately 6,150 acres located in Pershing County, Nevada, 75 km south of Winnemucca. Priority exploration targets at the Kennedy Project consist of high-grade sheeted veins as well as bulk tonnage disseminated and/or stock-work hosted gold-silver mineralization.
The Kennedy Project covers over 15 km of known veins and vein-systems traceable at surface. Most of historic mining in the Kennedy district was reportedly from the Gold Note mine which was centered on a series of high-angle northwest striking veins traced for over 350 m along strike. Historic mining at Gold Note focused on near-surface (<40 m) oxide mineralization. Deeper secondary sulfide mineralization remains unmined. Mine grades were reportedly as high as 15.5 g/t Au with 311 g/t Ag¹.
Highlights from Previous Rock Sample Program (see September 4th, 2025, news release)
• 21.9 g/t Au, 2,336 g/t Ag, 8.56% Cu (Borlasca Vein)
• 6.2 g/t Au, 3,037 g/t Ag (Fourth of July Vein)
• 40.4 g/t Au, 232 g/t Ag (Gold Note Vein)
• 39.4 g/t Au, 370 g/t Ag (Cricket Vein)
• 12.7 g/t Au, 305 g/t Ag (Accident Vein)
• 15.9 g/t Au, 323 g/t Ag (Coyote Vein)
• 19.5 g/t Au, 273 g/t Ag (Danneburg Vein)
• 30.4 g/t Au, 148 g/t Ag (Imperial Vein)
• 3.1 g/t Au, 583 g/t Ag (Trail/Senator Vein)
• 44.5 g/t Au (Hidden Treasure Vein)
Next Steps
The mineralized corridors across the Kennedy Project and their potential extensions across the newly staked claims have not yet seen any systematic modern exploration. A multidisciplinary program consisting of geological mapping and prospecting, drone-based geophysics (magnetics), induced polarization geophysics and soil and rock geochemical surveys is ongoing. These data will be used to refine priority drill targets.
Qualified Person
The technical and scientific content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a "qualified person" as defined by National Instrument 43-101- Standards of Disclosure for Mineral Projects.
References
¹Klopstock, Paul (1913) The Kennedy mining district, Nevada, American Institute of Mining Engineers Bulletin, v. 77. p. 1041-1046
About Silver47 Exploration
Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQX under the ticker symbol AAGAF.
For more information about the Company, please visit www.silver-47.comand see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd."
Follow us on social media for the latest updates:
X: @Silver47co
LinkedIn: Silver47
On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore @zenci.com
No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “upon” “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements and information include, but are not limited to: the Company’s exploration and development activities and plans. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company's financial statements and the accompanying management's discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.
No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
https://mailchi.mp/9088a62ade97/silver47-triples-the-size-of-the-kennedy-gold-silver-project-in-nevada-by-staking-4150-additional-acres-targeting-high-grade-veins?e=a01e90e6fd
Weekly Chart
https://schrts.co/snRqPbeH
Oleblue
5月前
Silver47 Announces Upsize of Bought Deal Public Offering to $30 Million
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within one business days, through SEDAR+
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia – December 31, 2025 – Silver47 Exploration Corp. (TSXV:AGA) (OTCQX:AAGAF) (the "Silver47" or the "Company") is pleased to announce that, due to strong investor demand, it has entered into an amending agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 28,572,000 units of the Company (the “Units”) at a price of $1.05 per Unit for aggregate gross proceeds to the Company of $ $30,000,600 (the "Offering").
Each Unit shall be comprised of one common share of the Company (a "Common Share") and one-half of oneCommon Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $1.40 per Common Share for a period of 36 months following closing of the Offering.
The net proceeds from the Offering of the Units will be used to accelerate and expand planned drill programs on the Company’s silver projects, and for working capital and general corporate purposes.
The Company has granted to the Underwriters an option (the “Over-Allotment Option”) to increase the size of the Offering by up to an additional number of Units, and/or the components thereof, that in aggregate would be equal to 15% of the total number of Units to be issued under the Offering, to cover over-allotments, if any, and for market stabilization purposes, exercisable at any time and from time to time up to 30 days following the closing of the Offering. If the Over-Allotment Option were exercised in full, the gross proceeds to the Company will be $34,500,690.
The closing of the Offering is expected to occur on or about the week of January 12, 2026 (the “Closing”), or such other earlier or later date as the Underwriters may determine. Closing is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the “Exchange”) to list, on the date of Closing, the Common Shares, and the Common Shares issuable upon exercise of the Warrants and the Underwriters’ broker warrants, on the Exchange
In connection with the Offering, the Company intends to file a prospectus supplement within one business day (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated November 26, 2025 (the “Shelf Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada (except Quebec). The Shelf Prospectus and the Prospectus Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Prospectus Supplement and accompanying Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.
Eventus Capital Corp. is a special advisor to the Company.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About Silver47 Exploration
Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR+ at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQX under the ticker symbol AAGAF.
For more information about the Company, please visit Silver-47.com and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd."
On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore @zenci.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expectation that the Offering will close in the timeframe and on the terms as anticipated by management, that the Offering will be completed at all, and the use of proceeds. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will complete the Offering in the timeframe and on the terms as anticipated by management, and that the Company will receive all regulatory and Exchange approvals. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the failure to complete the Offering at all or in the timeframe and on the terms as anticipated by management, market conditions and timeliness of regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
https://mailchi.mp/fc350cc12174/silver47-announces-upsize-of-bought-deal-public-offering-to-30-million?e=a01e90e6fd
Daily Chart
https://schrts.co/TshaAnDG
Oleblue
5月前
Silver47 Announces $20 Million Bought Deal Public Offering of Units
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia – December 30, 2025 – Silver47 Exploration Corp. (TSXV:AGA) (OTCQX:AAGAF) (the "Silver47" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 19,048,000 units of the Company (the “Units”) at a price of $1.05 per Unit for aggregate gross proceeds to the Company of $20,000,400 (the "Offering").
Each Unit shall be comprised of one common share of the Company (a "Common Share") and one-half of oneCommon Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $1.40 per Common Share for a period of 36 months following closing of the Offering.
The net proceeds from the Offering of the Units will be used to accelerate and expand planned drill programs on the Company’s silver projects, and for working capital and general corporate purposes.
The Company has granted to the Underwriters an option (the “Over-Allotment Option”) to increase the size of the Offering by up to an additional number of Units, and/or the components thereof, that in aggregate would be equal to 15% of the total number of Units to be issued under the Offering, to cover over-allotments, if any, and for market stabilization purposes, exercisable at any time and from time to time up to 30 days following the closing of the Offering.
The closing of the Offering is expected to occur on or about the week of January 12, 2026 (the “Closing”), or such other earlier or later date as the Underwriters may determine. Closing is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the “Exchange”) to list, on the date of Closing, the Common Shares, and the Common Shares issuable upon exercise of the Warrants and the Underwriters’ broker warrants, on the Exchange
In connection with the Offering, the Company intends to file a prospectus supplement within two business days (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated November 26, 2025 (the “Shelf Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada (except Quebec). The Shelf Prospectus and the Prospectus Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Prospectus Supplement and accompanying Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.
Eventus Capital Corp. is a special advisor to the Company.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About Silver47 Exploration
Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR+ at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQX under the ticker symbol AAGAF.
For more information about the Company, please visit Silver-47.com and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd."
On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore @zenci.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expectation that the Offering will close in the timeframe and on the terms as anticipated by management, that the Offering will be completed at all, and the use of proceeds. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will complete the Offering in the timeframe and on the terms as anticipated by management, and that the Company will receive all regulatory and Exchange approvals. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the failure to complete the Offering at all or in the timeframe and on the terms as anticipated by management, market conditions and timeliness of regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
https://mailchi.mp/92e172e47d6e/silver47-announces-20-million-bought-deal-public-offering-of-units?e=a01e90e6fd
Oleblue
5月前
Silver47 Discovers New High-Grade Massive Sulfide Zone at Red Mountain Project, Alaska
Property-Wide Prospecting Identifies Multiple Undrilled Silver-Rich Polymetallic Targets Across 60 km Trend
Vancouver, British Columbia, December 30, 2025 - Silver47 Exploration Corp. (TSXV: AGA) (OTCQX: AAGAF) ("Silver47" or the "Company") is pleased to report results from a property-wide prospecting and rock sampling program from its wholly owned Red Mountain Project located in Alaska (the “Red Mountain Project”). The rock sampling program covered a widely dispersed 60 km trend and identified multiple new and undrilled silver-rich, polymetallic occurrences.
Highlights:
New High-Grade Massive Sulfide Discovery: The newly identified FOMO Zone exposes undrilled massive sulfide lenses up to 5 m wide at surface in areas previously considered unmineralized – potentially representing the surface expression of a new VMS system at the Red Mountain Project.
Exceptional Surface Grades from the FOMO Zone: Grab samples from semi-massive to massive sulfides returned:
1,793 g/t AgEq* (23.2% Zn, 10.05% Pb, 2.54% Cu, 74 g/t Ag)
1,138 g/t AgEq* (9.27% Zn, 11.65% Pb, 2.40% Cu, 54 g/t Ag)
972 g/t AgEq* (8.5% Zn, 7.72% Pb, 2.51% Cu, 31 g/t Ag)
District-Scale Discovery Potential: Property-wide prospecting identified multiple additional undrilled high-grade polymetallic occurrences with semi-massive to massive sulfides at surface, confirming widespread mineralization across the >60 km prospective trend.
Multiple Targets Emerging: Integration of new rock sample results with historic data has defined a robust pipeline of priority, largely undrilled targets for first-pass drilling.
Aggressive 2026 Drill Program Planned: Silver47 is fully funded and is preparing a significant summer drill campaign to test both the existing resource areas and these exciting new high-priority exploration targets at the Red Mountain Project.
Continuous Drilling Across U.S. Silver Portfolio: Drilling is set to commence in January at the Mogollon Project (New Mexico) followed by Hughes (Nevada) starting March— providing steady news flow and resource expansion across the portfolio ahead of the summer program at Red Mountain, Alaska.
*Notes: g/t = grams per tonne; equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]
Galen McNamara, CEO, stated: “The discovery of the FOMO Zone – a new, undrilled massive sulfide occurrence in previously untested stratigraphy – along with multiple high-grade surface showings across the 60 km trend, further highlights the Red Mountain Project’s potential to host a cluster of world-class VMS deposits.
This property-wide prospecting program has delivered a robust pipeline of priority drill targets, while our 2025 drilling has provided key data for an ongoing mineral resource update. With aggressive 2026 programs planned across our three core U.S. projects, Silver47 is well positioned for multiple near-term catalysts and a potentially transformative year ahead.”
Gary Thompson, Executive Chairman, stated: “I'd like to take this opportunity to provide a summary of the past year and some insight into the ensuing year. Silver47 recently celebrated its one-year anniversary as a public company. This past year has been transformative for the Company with the at market merger of Summa Silver, where two $40 million market-cap companies formed a $202 million company today.
Drilling and non-drilling success at Red Mountain, Adams Plateau and Kennedy continue to demonstrate the high-grade silver and gold potential of these assets. As we look to 2026 resource growth and advanced development it is top of mind. Some milestones for 2026 are as follows; an updated resource at Red Mountain potentially leading into PEA level study; resource growth at Mogollon and Hughes through continued drilling; advance studies on the recovery of silver-gold from tailings at Hughes; further M&A to accelerate our mission of becoming a 1 billion ounce of silver company. Lastly, I'd like to thank our shareholders for their support. With silver price action in our sails, we are looking forward to another stellar year."
Figure 1. Map of the Dry Creek Syncline Trend showing the location of key exploration targets (e.g., FOMO) and the Dry Creek and West Tundra Flats deposits. The locations of 2025 samples and historic samples (see August 13, 2025 news release) are also plotted.
Figure 2. Map of the Last Chance Trend showing the location of the high-priority Sheep Creek target. The locations of 2025 samples and historic samples (see August 13, 2025 news release) are also plotted.
Red Mountain Project
Priority volcanogenic massive sulfide (VMS) exploration targets at the Red Mountain Project, 60 miles south of Fairbanks, Alaska are dispersed across the highly prospective Bonnifield mining district. The targets vary from zinc-rich to copper-rich and many have associated high-grade silver and local gold mineralization. Four main target trends are defined at Red Mountain Project, namely, the Dry Creek Syncline, Keevy Trend, Last Chance Corridor and Wood River Trend. Of the 30 known targets across these trends (see August 13, 2025 news release) as well as other un-explored EM targets, only eleven targets have been drill tested, five of those with less than three holes each.
The most advanced VMS targets associated with the Dry Creek Syncline are the Dry Creek and WTF deposits (combined inferred mineral resource of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million silver equivalent ounces*). Previous drilling at Dry Creek have returned high-grade intercepts, such as 22.3 m at 601 g/t AgEq* (150.6 g/t Ag, 0.82 g/t Au, 5.86% Zn, 2.60% Pb, 0.13% Cu, DC24-105) from 18.9 m down hole. VMS targets are also located along both limbs of the syncline where approximately 40 km of prospective VMS stratigraphy (Totatlanika Schist) is well exposed (Figure 1).
Selected Preliminary Targets
The focus of the 2025 project-wide mapping and sampling program across the Red Mountain Project was to verify VMS-related mineralization potential of many of the key target areas along the Dry Creek Syncline and Last Chance Corridor trend (Figures 1 and 2). Over 230 rock samples were collected and together with results from historical sampling programs, three priority targets are now defined, including:
FOMO: Semi-massive to massive sulfide mineralization was discovered in 2025 in the Sheep Creek Member of the Totatlanika Schist, towards the center of the Dry Creek syncline (Figure 1). Sulfides consisting of sphalerite-galena-chalcopyrite-pyrite occur across 0.5 m to 5 m wide zones. Sample highlights from FOMO include (Table 1):
1,792 g/t AgEq (74 g/t Ag, 2.54 % Cu, 10.05 % Pb, and 23.20 % Zn, sample F0033147)
1,138 g/t AgEq (53 g/t Ag, 2.40 % Cu, 11.65 % Pb, and 9.27 % Zn, sample F0033130)
971 g/t AgEq (31 g/t Ag, 2.51 % Cu, 7.72 % Pb, and 8.50 % Zn, sample F0033129)
920 g/t AgEq (31 g/t Ag, 2.08 % Cu, 8.74 % Pb, and 7.84 % Zn, sample F0033128)
Further mapping, rock and soil geochemical sampling is warranted at FOMO to evaluate the size potential of the target area.
Sheep Creek: The highest priority target along the Last Chance corridor (Figure 2) covers a footprint of approximately 200 m by 100 m and forms part of a 3 km long east-west trending target horizon. Massive and disseminated pyrite, sphalerite, chalcopyrite and galena at the Sheep Creek target, hosted in metasediments, has seen limited drilling (1979 program by US Borax1). Drilling in 1979 resulted in strong intercepts including 24.5 m of 1.3% Zn, 1.0% Pb and 0.127% Sn1.
Historical sampling of the main target returned up to 306 g/t Ag, 4.3% Zn, 3.98% Pb, and 0.18% Cu in rock samples. Mineralization is interpreted to have affinities with either VMS or CD (clastic-dominated) SEDEX-type deposits. Sampling 150 m north of the main Sheep Creek target in 2025 returned up to 1,100 g/t AgEq (9 g/t Ag, 409 ppm Cu, 597 ppm Pb, and 22.60 % Zn, sample F0033193) and 782 g/t AgEq (8 g/t Ag, 0.14% Cu, 642 ppm Pb, and 15.75% Zn, sample F0033192). These results demonstrate the expansion potential of the target area and drill testing the strike extent is warranted.
Next Steps
Planning is underway for a multidisciplinary project-scale exploration program at the Red Mountain Project in 2026. Work is anticipated to include geological mapping, soil and rock geochemical surveys and possible ground geophysical surveys to advance high-priority drill targets which may also be drill tested.
Geological modelling from the recently completed drill program at the Dry Creek and West Tundra Flats targets (see November 24, 2025 news release) is ongoing and planning is also underway for a significant drill program in 2026.
Quality Assurance and Quality Control
Rock samples were bagged, sealed and delivered directly to ALS Minerals Fairbanks, Alaska for transport to the ALS Minerals Laboratories labs in North Vancouver, British Columbia. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Core samples were analyzed at ALS Minerals Laboratory facilities in North Vancouver using four-acid digestion with an ICP-MS finish (ME-MS61). Gold analysis was by fire assay with atomic absorption finish (Au-ICP21). Over-limits for silver, zinc, copper, and lead were analyzed using Ore Grade four-acid digestion (MEOG-62).
No standards or blanks were inserted by Silver47 with the rock samples. ALS routinely inserts certified standards, blanks and pulp duplicates into the analytical stream. The standards, blanks and duplicate samples used by ALS are considered appropriate and the results are acceptable.
Technical Disclosure
The technical and scientific content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO and a director of the Company and a “Qualified Person” as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. McNamara is not independent of the Company.
The historical drill results reported herein are from work conducted by previous operators. The Company has not verified the historical data, and such data should not be relied upon. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.
References
Raffle, K, Livingston, C., Proenza, Y. and Black, B., 2024, “Technical Report on the Red Mountain VMS Property, Bonnifield Mining District, Alaska, USA”, dated June 28, 2024 with an effective date of January 12, 2024, 200 p, prepared for the Company by Apex Geoscience Ltd., SEDAR+ (www.sedarplus.ca).
Data reported by White Rock Minerals Ltd., Australian Securities Exchange announcement titled “White Rock Presents at Proactive Investors” and dated August 20, 2018.
About Silver47
Silver47 Exploration Corp. is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Reports and other filings available on SEDAR+ (www.sedarplus.ca). The Company trades on the TSX Venture Exchange under the symbol “AGA” and OTCQX under the symbol “AAGAF”.
For more information about the Company, please visit www.silver-47.com and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA” with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.
On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore @zenci.com
No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements in this release, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “may”, “will”, “expect”, “intend”, “believe”, “anticipate”, “estimate”, “target”, “plan”, “potential”, “could” or similar terminology. Forward-looking statements in this release include, without limitation the results from work performed to date; the estimation of mineral resources; the realization of mineral resource estimates; the development, operational and economic results of technical reports on mineral properties referenced herein; magnitude or quality of mineral deposits; the anticipated advancement of the Company’s mineral properties and project portfolios, including the timing, scope and execution thereof; exploration expenditures, costs and timing of the development of new deposits; underground exploration potential; costs and timing of future exploration; the completion and timing of future development studies; estimates of metallurgical recovery rates; exploration prospects of mineral properties; requirements for additional capital; the future price of metals; government regulation of mining operations; environmental risks; the timing and possible outcome of pending regulatory matters; the realization of the expected economics of mineral properties; future growth potential of mineral properties; and future plans, projections, objectives, estimates and forecasts and the timing related thereto.
Forward-looking statements are based on management’s current beliefs, expectations and assumptions, including, without limitation: that historical information is reliable; that future exploration activities will proceed as currently anticipated; that permits, equipment, personnel and contractors will be available on commercially reasonable terms; and that current commodity prices, labour availability, cost and regulatory frameworks will remain consistent with management’s expectations. Although management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation: the risk that historical data may prove to be inaccurate or unverifiable; that exploration results may not support further work or drilling; that exploration activities may be delayed, restricted or not carried out as planned; that permits may be delayed or revoked; the absence of adverse conditions at mineral properties; the price of silver and other metals remaining at levels that render mineral properties economic; the Company’s ability to continue raising necessary capital to finance operations; and the ability to realize on any mineral resource and reserve estimates; the Company’s ability to complete its planned exploration programs; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; fluctuations in exchange rates; the business objectives of the Company; whether economic mineralization can be defined and, if it can be permitted for development; the uncertainty that any mineralization encountered on adjacent properties continues on to any of the Company’s properties; the uncertainty that geological and/or geophysical and/or any trends, interpretations, or conclusions related to adjacent properties have relevance to any of the Company’s properties; the uncertainty that the exploration season can be extended; changes in project parameters as plans to continue to be refined; the consequences and implications of the historical mining activities on the environment and whether such affects the potential exploration and/or development of any mining operation the Company’s properties; the implications of claims from First Nations, Tribes, Tribal Councils, Tribal Governments, Alaska Native Corporations, Alaska Native Regional or Village Corporations and land claims settlements on the Company’s projects; accidents, labour disputes and other risks of the mining industry, conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; future prices of metals; possible variations of mineral grade or recovery rates; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; title to properties; operational, technical and geological risks inherent in mineral exploration; changes in capital markets, economic conditions, regulatory developments and stakeholder relations; the other risks set out in the Company’s public disclosure record under its profile on SEDAR+ (www.sedarplus.ca) and management’s ability to anticipate and manage the foregoing risks and uncertainties.
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any forward-looking statements, other than as required by law.
https://mailchi.mp/ae859341aa0c/silver47-discovers-new-high-grade-massive-sulfide-zone-at-red-mountain-project-alaska?e=a01e90e6fd
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
メールアドレスで登録
