FULL DISCLOSURE: This is sponsored content for Silver47 Exploration.
Silver47 Exploration (TSXV: AGA) has released the first set of assay results from its 2024 drill program at its flagship asset, the Red Mountain Project in Alaska.
Highlights from the results include:
- DC24-106: 24.51 metres of 486.3 g/t silver equivalent (1.99 g/t gold, 55.50 g/t silver, 4.08% zinc, 1.32% lead, 0.10% copper) from a depth of 126.4 metres
- Including 2.48 metres of 2,938.5 g/t silver equivalent (14.95 g/t gold, 249.5 g/t silver, 21.97% zinc, 7.03% lead, 0.42% copper) from a depth of 128.3 metres
The drill hole was conducted at the Dry Creek Zone, where it intersected several massive sulphide horizons and the highest gold grade interval to date on the project. The results of the hole are said to indicate strong potential for rapid resource upgrade and growth extending down-dip.
The Dry Creek target area as a whole is said to consist of multiple horizons of semi-massive to massive sulfides within the Totatlanika Schist, which can be traced for 4,500 metres and dips to the north.
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The 2024 drill program consists of six drill holes across an aggregate 1,039 metres of drilling. Drilling took place at the Dry Creek, West Tundra Flats and Kiwi prospects at Red Mountain.
“We are extremely excited to report these kinds of high-grade polymetallic intercepts in our first drill program on the Project. This drill intercept supports our thesis that Red Mountain Project hosts significant precious metal enrichment in addition to the base metal endowment,” commented Alex Walls, VP of Exploration for Silver47.
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.
