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Exploration success was had at the Adams Plateau Project in south-central British Columbia, which is owned by Silver47 Exploration (TSXV: AGA). A property wide program that focused on rock sampling soil geochemical surveying is said to have returned positive results.
Over 5,000 soil samples are said to have been collected through the program across an area measuring 35 square kilometres in size, while over 90 rock samples were collected. Multiple rock samples are said to have returned grades in excess of 1,000 g/t silver, with highlights including:
- 3,156 g/t silver equivalent (2,310 g/t silver, 1.7% zinc and 20.0% lead)
- 2,154 g/t silver equivalent (1,230 g/t silver, 5.4% zinc and 20.0% lead)
- 2,109 g/t silver equivalent (835 g/t silver, 13% zinc and 20.0% lead)
The program is said to have resulted in numerous multi-element soil anomalies that have been identified, which represent targets for follow-up work. The soil geochemical survey and rock sampling program are said to be part of the initial steps being taken by Silver47 to pinpoint drill targets and unlock a multi-kilometre search space.
READ: Silver47 Hits 640 g/t Silver Equivalent Over 6.9 Metres At Red Mountain
The rock sampling program resulted in the identification of two targets, Lucky-Elsie and Spar-Ex. Lucky-Elsie consists of a northeast-southwest trending 1.5 kilometre zone of massive to semi-massive sulfide lenses with samples assaying as high as 2,310 g/t silver. Spar-Ex meanwhile contains semi-massive lenses that are localized along folds and locally thickened to 3 metres along a strike length of at least 365 metres. A further five target zones were identified via soil geochemical work.
“Our work on the Adams Plateau Project represents an important step towards defining drill targets and realizing the full potential of this road-accessible project. The extensive surface mineralization on the Project is very encouraging and underscores the prospectivity of the Eagle Bay assemblage,” commented Galen McNamara, CEO of Silver47.
Silver47 also indicated this morning that assay results remain pending for eight drill holes conducted at the Red Mountain VMS Project in Alaska, while a fall-winter drill program is being planned for the Mogollon silver-gold project in New Mexico.
Silver47 last traded at $0.74 on the TSX Venture.
FULL DISCLOSURE: Silver47 is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Silver47. The author has been compensated to cover Silver47 on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
