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Silver47 Exploration (TSXV: AGA) reported a fresh batch of rock sample results from its Kennedy gold-silver project in Nevada on Wednesday, with assays running as high as 38.7 g/t gold and 1,713 g/t silver.
The standout grades came from the Borlasca Vein, but they were not isolated. The Danneburg Vein returned 9.7 g/t gold and 1,351 g/t silver, while the Wallace Vein delivered 7.1 g/t gold alongside 1,566 g/t silver. The Lamberson Vein also produced a notable hit at 32.2 g/t gold.
The numbers come out of a 70-sample mapping and rock chip program completed across the project’s recently expanded footprint. Silver47 tripled Kennedy’s land position to roughly 6,150 acres in April through low cost staking, picking up the additional ground royalty free and on a 100% basis. That expansion is the backdrop here with the latest sampling being the first systematic look across the larger package.
What Silver47 is describing is a roughly 15 kilometre network of near surface, high grade veins that has seen little modern attention. The mineralized corridors cut through Triassic intrusive rocks, and the geochemistry, which includes antimony reaching 0.86%, alongside elevated arsenic, tellurium, molybdenum and bismuth, points the company toward an intrusion-related gold model.
Mapping also flagged something potentially larger. Around the Lamberson target, broad zones of pyrite and propylitic alteration suggest a bulk-tonnage disseminated gold opportunity sitting alongside the high grade veins, rather than instead of them.
Chief Executive Officer Galen McNamara said the surface grades reinforce the case for a robust mineralized system at depth, and that the company intends to push forward with systematic exploration.
READ: Silver47 Eyes Discovery in Nevada After Tripling Kennedy Project Footprint
Next on the agenda is a grid-based soil geochemistry survey covering up to 3,000 samples on 100-metre lines, with induced polarization geophysics potentially to follow. The combined dataset is meant to sharpen drill targeting across the priority corridors.
Separately, drilling continues at the company’s nearby Hughes project on the eastern extension of the Tonopah Mining District, where roughly 20% of the planned program at the Ruby target has been completed. Both core holes there intersected multimeter scale quartz-calcite veining with locally visible silver-sulfide mineralization.
Silver47 Exploration last traded at $0.73 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.
