FULL DISCLOSURE: This is sponsored content for Silver47 Exploration.
Further drill assays have been released by Silver47 Exploration (TSXV: AGA) from exploration conducted at its flagship Red Mountain Project in Alaska.
The latest results come from the West Tundra Flats resource area, where drilling was focused on confirming the resource model, while stepping out drilling. Highlights from the results include:
- WT24-33: 177.10 g/t silver equivalent (57.5 g/t silver, 0.14 g/t gold, 1.6% zinc, 0.67% lead, 0.09% copper) over 22.03 metres, from a depth of 106.62 metres
- Including 1,078.8 g/t silver equivalent (417.4 g/t silver, 0.74 g/t gold, 9.1% zinc, 4.7% lead, 0.105% copper) over 2.90 metres
- WT24-34: 656.2 g/t silver equivalent (157.4 g/t silver, 1.05 g/t gold, 6.3% zinc, 3.03% lead, 0.076% copper) over 4.37 metres from a depth of 92.25 metres
- Including 1,488.4 g/t silver equivalent (356.0 g/t silver, 2.90 g/t gold, 13.7% zinc, 6.21% lead, 0.166% copper) over 1.47 metres
“The successful confirmation and infill holes drilled at West Tundra Flats suggest a path to increasing the size and grade of the resource by utilizing modern drilling to fill the widely spaced historical drilling. Historical drilling had poor core recovery at West Tundra Flats, including through mineralized intervals,” commented VP of Exploration Alex Wallis on the results.
Hole WT24-33 was designed to twin a hole originally drill tested in 1982 as a means of confirming mineralization, with rock units and grade said to match what was expected from the historic log. Core recovery meanwhile is said to have significantly improved from the historic hole. The second hole, WT24-34, was an 80 metre step out to the southwest from hole WT18-28, which was designed to serve as an infill hole for historical drilling that was conducted on spacing between 150 and 250 metres.
READ: Silver47 Intersects 24.5 Metres Of 486.3 g/t Silver Equivalent At Red Mountain
The Red Mountain project currently contains an inferred mineral resource estimate that was established in January of this year. The project is estimated to have 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.
Silver47 Exploration last traded at $0.68 on the TSX Venture.
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.
