FULL DISCLOSURE: This is sponsored content for Silver47 Exploration.
Further assay results have been released by Silver47 Exploration (TSXV: AGA) in connection with a summer 2024 drill program conducted at their flagship Red Mountain project in Alaska. The latest results come from infill drilling conducted at the Dry Creek resource on the property.
Highlights from the results include:
- DC24-104: 545.5 g/t silver equivalent (106 g/t silver, 0.45 g/t gold, 6.4% zinc, 2.2% lead, and 0.19% copper) over 15.24 metres, from a depth of 14.3 metres
- Including 1,248.4 g/t silver equivalent (231.1 g/t silver, 1.04 g/t gold, 14.7% zinc, 5.3% lead, and 0.46% copper) over 6.0 metres
- DC24-105: 601 g/t silver equivalent (150.6 g/t silver, 0.82 g/t gold, 5.9% zinc, 2.6% lead, and 0.13% copper) over 22.32 metres from a depth of 18.9 metres
- Including 1,255.5 g/t silver equivalent (238 g/t silver, 1.57 g/t gold, 14.1% zinc, 5.9% lead, and 0.17% copper) over 4.25 metres
- And including 1,801.2 g/t silver equivalent (599.4 g/t silver, 2.37 g/t gold, 14.5% zinc, 6.9% lead, and 0.64% copper) over 2.66 metres
The drill holes were conducted on the western extent of the Dry Creek resource area, where they intersected polymetallic sulphide mineralization. Mineralization at Dry Creek is said to consist of multiple horizons of semi-massive to massive sulphides within the Totatlanika Schist, which can be traced for 4,500 metres.
“We are pleased with the results from this summer’s drill program at West Tundra Flats and Dry Creek, which further confirm the high-grade polymetallic mineralization and significant potential of the Red Mountain Project. These results strengthen our exploration strategy and enhance our confidence in the scale of the resource. Moving forward, our focus will be on integrating the new data into an updated geological model for planning further drilling to expand the resources along strike and down-dip,” commented CEO Gary Thompson.
READ: Silver47 Hits 177.10 g/t Silver Equivalent Over 22.03 Metres
The 2024 exploration program consisted of 1,039 metres in aggregate of drilling, which was conducted across the Dry Creek, West Tundra Flats, and Kiwi prospects. Field teams were also mobilized to three high priority exploration targets in an effort to determine their viability for immediate or near term drill testing. The Kiwi, Galleon, and Horseshoe targets have been selected based on surface sampling and geophysical anomalies.
“Secondary objectives for the next program will be drill testing for new discoveries like the Galleon and Horseshoe showings, as well as testing the infill potential of the 2.7 km gap between the two resource areas,” continued Thompson.
Silver47 Exploration last traded at $0.65 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.
