FULL DISCLOSURE: This is sponsored content for Silver47 Exploration.
Silver47 Exploration (TSXV: AGA) is set to begin trading today on the TSX Venture Exchange. The silver explorer, with 50 million shares outstanding, is to trade under the symbol “AGA”.
The newly public company currently has three silver and critical mineral projects in North America, with the company focusing on VMS- and SEDEX-type deposits. It’s flagship project, the Red Mountain VMS-Sedex project, is found 100 kilometres to the south of Fairbanks, Alaska, and covers 633 square kilometres of Alaska State managed land. The company also has an approved application for permits to mine on thr project, valid through to December 2026, which enables advanced exploration across the property.
Most significantly, the project currently contains an inferred mineral resource estimate that was established in January of this year. The project contains 168.6 million silver equivalent ounces at a grade of 335.7 g/t silver equivalent across two deposits, Dry Creek and West Tundra Flats.
The project has collectively seen 213 holes drilled across an aggregate 38,417 metres at the property by numerous operators, including six holes drilled in 2024 for which assays are pending. The two deposits represent the most advanced stage mineralized zones at Red Mountain, however Silver47 says that at least 20 additional mineralized prospects exist along the 60 kilometre trend that makes up the property.
Outside of Red Mountain, Silver47 also owns the Adams Plateau SEDEX/VMS project in British Columbia, which is 70 kilometres to the northeast of Kamloops. The project covers a combined 149 square kilometres, and is host to historic small-scale past production of lead, zinc and silver at three showings.
Historic drill highlights here include 3.66 metres of 180.4 g/t silver, and 8.1% lead+zinc at the Lucky Showing, along with 4.88 metres of 348.35 g/t silver, 0.72 g/t gold, 0.23% copper, and 27.3% lead+zinc at the Spar Showing. Surface sampling in 2022 and 2024 has identified several new targets for follow up exploration.
Silver47 also owns the Michelle MVT-SEDEX project, which is based in the Yukon, 130 kilometres to the north-northeast of Dawson City. The project has identified at least 20 named showings, with three mineralized zones defined with limited drilling. Silver47 drill tested the Matt Prospect back in 2022, intersecting 7.68 metres of 1,577 g/t silver, 45.28% lead, 4.03% zinc, and 0.17% antimony in hole MCH-22-002, while further drilling confirmed a strike length of at least 50 metres.
Further exploration at Michelle requires a class 3 drill permit, which the company is working towards obtaining.
“We are thrilled to announce that Silver47 will commence trading on the TSX-Venture Exchange at a time when silver prices are surging and the market demand for this precious metal is approaching an all-time high. Our flagship Red Mountain project in Alaska represents an exceptional opportunity for investors to gain exposure to a promising silver-rich deposit that has the potential to become a world-class mine. Our experienced team aims to rapidly advance this high-quality asset to create substantial value for our shareholders by unlocking the full potential of Red Mountain and our portfolio of projects,” commented Gary Thompson, CEO of Silver47.
Silver47 Exploration is set to commence trading today at market open.
FULL DISCLOSURE: Silver47 Exploration is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is long the equity of Silver47 Exploration. The author has been compensated to cover Silver47 Exploration on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
