{"id":12501,"date":"2024-11-21T14:52:10","date_gmt":"2024-11-21T14:52:10","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/21\/silver47-drills-2-9m-of-1078-8-g-t-silver-equivalentat-the-west-tundra-flats-zone-at-its-red-mountain-project-alaska\/"},"modified":"2024-11-21T14:52:10","modified_gmt":"2024-11-21T14:52:10","slug":"silver47-drills-2-9m-of-1078-8-g-t-silver-equivalentat-the-west-tundra-flats-zone-at-its-red-mountain-project-alaska","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/21\/silver47-drills-2-9m-of-1078-8-g-t-silver-equivalentat-the-west-tundra-flats-zone-at-its-red-mountain-project-alaska\/","title":{"rendered":"Silver47 Drills 2.9m of 1,078.8 g\/t Silver Equivalentat the West Tundra Flats Zone at Its Red Mountain Project, Alaska"},"content":{"rendered":"<\/p>\n
\n

Silver47 Exploration Corp. (TSXV: AGA) (\u2018Silver47\u2019 or the \u2018Company), is pleased to announce results from two diamond drill core holes at the West Tundra Flats resource area for a combined 331m at its wholly owned flagship Red Mountain Project in Alaska, USA. Both drill holes cut high-grade silver-zinc-lead-gold-copper zones within a wider sulfide mineralization horizon.<\/p>\n

Highlights from 2024 West Tundra Flats Drill Holes:<\/p>\n

WT24-33 returned a 22.03m interval of sulfide mineralization grading 177.10 g\/t AgEq
(57.5 g\/t silver, 0.14 g\/t gold 1.6% zinc, 0.67% lead, 0.09% copper)<\/p>\n

Including 2.90m of 1,078.8 g\/t AgEq from 121.70m depth
(417.4 g\/t silver, 0.74 g\/t gold, 9.1% zinc, 4.7% lead, 0.105% copper)<\/p>\n

WT24-34 returned 4.37m 656.2 g\/t AgEq from 92.25m depth<\/p>\n

Including 1.47m of 1,488.4 g\/t AgEq
(356 g\/t silver, 2.9 g\/t gold, 13.7% zinc, 6.2% lead, 0.16% copper)<\/p>\n

Mr Alex Wallis, P.Geo., Vice President of Exploration, stated: \u2018The 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.\u00a0Historical drilling had poor core recovery at West Tundra Flats, including through mineralized intervals. The high-percentage core recovery achieved in 2024 gives us an opportunity to improve upon the already robust grade reported from the 1980\u2019s drilling.\u2019<\/p>\n

West Tundra Flats Resource Area<\/p>\n

The West Tundra Flats prospect was first identified in 1981 as a surface gossan on the south bank of Dry Creek. Volcanogenic Massive Sulphide (VMS) mineralization was initially confirmed by widespread geochemical sampling and later drill tested in 1982, with zone expansion drilling in 1983. The mineralized horizon consists of semi-massive to massive sulfides including pyrite, sphalerite and galena, and is commonly enriched with silver and gold. This horizon historically occurs at the base of a black chlorite schist and overlying a metarhyolite in the upper formations of the Totatlanika Schist. The surface expression has a 1,000m strike and dips shallowly to the southwest for at least 1,600m. The West Tundra Flats horizon remains open laterally and at depth, and exhibits pinching and swelling of sulfide lenses typical of VMS mineralization.<\/p>\n<\/p>\n

Figure 1. Plan map of drill holes at Dry Creek and West Tundra Flats resource areas.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10967\/230842_4a898ae484dc9b30_002full.jpg<\/p>\n

Table 1. Significant intervals for holes WT24-33 and WT24-34 at West Tundra Flats.<\/p>\n

\n

Hole ID
\nFrom
\u00a0(m)
\nTo
\u00a0(m)
\nInterval
(m)
\nZnEq
\u00a0(%)
\nAgEq
\u00a0(g\/t)
\nAg
\u00a0(g\/t)
\nAu
\u00a0(g\/t)
\nZn
\u00a0(%)
\nPb
\u00a0(%)
\nCu
\u00a0(%)<\/p>\n

WT24-33
\n102.62
\n124.65
\n22.03
\n3.7
\n177.1
\n57.5
\n0.14
\n1.6
\n0.67
\n0.09<\/p>\n

incl.
\n121.70
\n124.60
\n2.90
\n22.6
\n1078.8
\n417.4
\n0.74
\n9.1
\n4.77
\n0.105<\/p>\n

WT24-34
\n92.25
\n96.62
\n4.37
\n13.7
\n656.2
\n157.4
\n1.05
\n6.3
\n3.03
\n0.076<\/p>\n

incl.
\n94.59
\n96.06
\n1.47
\n31.1
\n1488.4
\n356.0
\n2.90
\n13.7
\n6.21
\n0.166<\/p>\n<\/div>\n

\u00a0<\/p>\n

Assay intervals are weighted average and are drilled lengths, true widths cannot be determined at this time.<\/p>\n

Notes:<\/p>\n

g\/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; \u200eAu=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g\/t
\nEquivalencies are calculated using ratios with metal prices of US$2,750\/tonne Zn, US$2,100\/tonne Pb, US$8,880\/tonne Cu, US$1,850\/oz Au, and US$23\/oz Ag and
\nMetal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au.
\nZinc Equivalent (ZnEq %) = [Zn (%) x 1] + [Pb (%) x 0.6364] + [Cu (%) x 2.4889] + [Ag (ppm) x 0.0209] + [Au (ppm) x 1.923]
\nSilver Equivalent (AgEq g\/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g\/t) x 1] + [Au (g\/t) x 91.93]<\/p>\n

Technical Discussion on Hole WT24-33<\/p>\n

Hole WT24-33 was planned as a confirmation twin of hole WTF82-08 in the West Tundra Flats deposit. WTF82-08 intersected 7.3m of 334.8 g\/t silver, 0.54 g\/t gold, 3.48% zinc and 1.94% lead, including 1.8m of 1,313.1 g\/t silver, 1.85 g\/t gold, 11.1% zinc and 6.6% lead. Hole 33 cut regionally metamorphosed metasediments and metavolcanics consistent with the Totatlanika Schist. Comprised primarily of grey aphanitic phyllite with lesser graphitic intercalations and beds. Significant sulfides were first intersected at 102m, with laminations and sporadic 1-4cm beds of pyrite and chalcopyrite, including a 2m interval grading up to 0.4% copper and 94.8 AgEq. At 121.7m depth, a 2.9m sphalerite-pyrite-galena massive sulfide unit was intercepted grading 1,078.8 g\/t AgEq (417.4 g\/t silver, 0.74 g\/t gold, 9.1% zinc, 4.7% lead, 0.105% copper). The massive sulfide was truncated abruptly by a fault containing clasts of mineralization.<\/p>\n

The rock units and grade in WT24-33 matched what was expected from the historic log for WTF82-08, though a wider mineralized halo is observed in hole 33. Core recovery through the mineralized zone in hole 33 was significantly improved from the historic hole. The modern drilling methodology applied in the 2024 campaign achieved excellent core recovery across the property and will provide higher quality data as infill and expansion drilling progresses at West Tundra Flats Zone.<\/p>\n<\/p>\n

Figure 2.\u00a0Drill Core WT24-33 Photograph 102.57m \u2013 107.13m \u2013 Upper low-Cu sulfide zone.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10967\/230842_4a898ae484dc9b30_003full.jpg<\/p>\n<\/p>\n

Figure 3. Drill Core WT24-33 Photograph 119.65m \u2013 124.05m, massive sulfide zone.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10967\/230842_4a898ae484dc9b30_004full.jpg<\/p>\n

Technical Discussion on Hole WT24-34<\/p>\n

Hole WT24-34 was designed to test the resource model at West Tundra Flats by stepping back 80m southwest from hole WT18-28 that yielded 3.5m of 517.5 g\/t Ag, 2.05 g\/t Au, 21.60 Zn+Pb. The upper portion of the hole passes through the regionally metamorphosed metasediments and metavolcanics of the Totatlanika Schist. A known metarhyolite marker unit observed throughout the target area was encountered immediately above the massive sulfide intercept, with increasing sericitization and silicification downhole and containing bands of disseminated pyrite and trace sphalerite. Galena-sphalerite-pyrite semi-massive to massive sulfide was intercepted from 92.25m to 96.06m, with a 1.47m high-grade interval from 94.59m to 96.06m grading 356 g\/t silver, 2.9 g\/t gold, 13.7% zinc, and 6.2% lead.<\/p>\n

Historical drilling at West Tundra Flats was completed with vertical holes at very wide spacing (150m to 250m between holes), and the continuity of both thickness and grade from this first infill hole provides confidence in the resource model for future infill drill planning.<\/p>\n<\/p>\n

Figure 4.\u00a0Drill Hole WT24-34 Cross Section.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10967\/230842_4a898ae484dc9b30_005full.jpg<\/p>\n<\/p>\n

Figure 5. Drill Core WT24-34 Photograph 94.0m \u2013 97.86m, massive sulfide zone.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10967\/230842_4a898ae484dc9b30_006full.jpg<\/p>\n<\/p>\n

Figure 6.\u00a0Drill Core WT24-34 photograph of high-grade sphalerite-galena-pyrite massive sulfide.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10967\/230842_4a898ae484dc9b30_007full.jpg<\/p>\n

Table 2. 2024 Drill Collar Information, Red Mountain Project.<\/p>\n

\n

Red Mountain 2024 Diamond Drill Hole Collars<\/p>\n

Hole ID
\nEasting
\nNorthing
\nElevation (m)
\nAzimuth
\nDip
\nDepth (m)
\nZone
\nStatus<\/p>\n

WT24-33
\n483950
\n7090863
\n982
\n0
\n-90
\n185
\nWest Tundra Flats
\nReported Here<\/p>\n

WT24-34
\n484196
\n7090851
\n968
\n38
\n-78
\n146
\nWest Tundra Flats
\nReported Here<\/p>\n

DC24-106
\n481059
\n7088384
\n1233
\n170
\n-72
\n192
\nDry Creek
\nPreviously Reported<\/p>\n

DC24-104
\n480364
\n7088200
\n1218
\n180
\n-45
\n112
\nDry Creek
\nResults Pending<\/p>\n

DC24-105
\n480364
\n7088200
\n1218
\n180
\n-75
\n120
\nDry Creek
\nResults Pending<\/p>\n

KW24-03
\n470228
\n7085491
\n1561
\n180
\n-50
\n283
\nKiwi
\nResults Pending<\/p>\n<\/div>\n

\u00a0<\/p>\n

Easting and northing in metres, NAD27 zone 6.<\/p>\n

About the Red Mountain VMS-SEDEX Project \u2013 Alaska, USA<\/p>\n

Silver47\u2019s flagship Red Mountain property covers 633 square kilometres of Alaska State-managed land 100km south of Fairbanks, Alaska. The project is well situated for infrastructure, 30km east of the community of Healy which has power, rail and state highway access to Alaska Route 3, providing a valuable connection to Anchorage and tide water. The Company has an approved permit to conduct advanced exploration, including drilling, across the property.<\/p>\n

Red Mountain hosts a NI 43-101 inferred mineral resource estimate of 15.6Mt at 7% ZnEq for 1Mt of ZnEq or 335.7 g\/t AgEq for 168.6 Moz AgEq at the Dry Creek (DC) and West Tundra Flats (WTF) resource areas as combined open pit and underground. DC and WTF are the two most advanced mineralized zones at Red Mountain, with at least 20 additional mineralized prospects discovered on the property to date over the 60 kilometres of highly prospective geology. <\/p>\n

For more information, see the Red Mountain NI 43-101 technical report titled \u2018Technical Report on the Red Mountain VMS Property, Bonnifield Mining District, Alaska, USA\u2019 dated January 12, 2024, prepared by Apex Geoscience Ltd., which can be found on the Company\u2019s website https:\/\/silver47.ca\/ and SEDAR+. <\/p>\n

Quality Assurance and Quality Control<\/p>\n

Quality assurance and quality control (QAQC) protocols for drill core sampling at Red Mountain project followed industry standard practices. Core samples were typically taken at 1.0m intervals in mineralized zones, and 3.0m intervals outside of mineralized zones. Sample lengths were adjusted as necessary so as not to cross lithologic and mineralogic boundaries. QAQC check samples were inserted into the sample stream with one blank, one duplicate (coarse), and one certified reference material (CRM) occurring within every 20 samples. Drill core was cut in half, bagged, sealed and delivered directly to ALS Minerals Fairbanks, Alaska for transport to the ALS Minerals Laboratories labs in North Vancouver, British Columbia. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Core samples were analyzed at ALS Laboratory facilities in North Vancouver using four-acid digestion with an ICP-MS finish. Gold analysis was by fire assay with atomic absorption finish, or gravimetric finish for over-limit samples. Over-limits for silver, zinc, copper, and lead were analyzed using Ore Grade four-acid digestion. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization. <\/p>\n

Qualified Person<\/p>\n

Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for the Company who is a \u2018qualified person\u2019 as defined by National Instrument 43-101. Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the technical information and has approved the technical information in this press release.<\/p>\n

About Silver47 Exploration Corp.<\/p>\n

Silver47 wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada \u200eand the US: the Flagship Red Mountain silver-gold-zinc-copper-lead VMS-SEDEX project in \u200esouthcentral Alaska; the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in \u200esouthern British Columbia, and the Michelle silver-lead-zinc-gallium-antimony MVT-SEDEX \u200eProject in Yukon Territory.\u200e Silver47 Exploration Corporation shares trade on the TSX-V under the ticker symbol AGA. For \u200emore information about Silver47, please visit our website at www.silver47.ca.\u200e<\/p>\n

\n

On Behalf of the Board of Directors
Mr. Gary R. Thompson, Director and CEO
info@silver47.ca
403-870-1166<\/p>\n<\/div>\n

No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.<\/p>\n

FORWARD-LOOKING STATEMENTS <\/p>\n

Information set forth in this news release may involve forward-looking statements under applicable \u200e\u200esecurities laws. Forward-Looking statements are statements that relate to future, not past, events. In this \u200e\u200econtext, forward-looking statements often address expected future business and financial performance, \u200eand \u200eoften contain words such as \u2018anticipate\u2019, \u2018believe\u2019, \u2018plan\u2019, \u2018estimate\u2019, \u2018expect\u2019, and \u2018intend\u2019, \u200estatements that \u200ean action or event \u2018may\u2019, \u2018might\u2019, \u2018could\u2019, \u2018should\u2019, or \u2018will\u2019 be taken or occur, including \u200estatements relating \u200eto the trading of the Company\u2019s common shares on the TSXV, the prospective \u200egeology and composition of its properties, anticipated results of further exploration on its properties, \u200estatements relating to the YESAB litigation, or other similar expressions and all statements, other than \u200estatements of historical fact included \u200eherein. By their nature, forward-\u200elooking statements involve known \u200eand unknown risks, uncertainties and other factors which may cause our \u200eactual results, performance or \u200eachievements, or other future events, to be materially different from any \u200efuture results, performance or \u200eachievements expressed or implied by such forward-looking statements. \u200eSuch factors include, among \u200eothers, the following risks: the need for additional financing; the satisfaction of \u200ethe conditions imposed \u200eby the TSXV on the Listing; operational risks associated with mineral exploration; \u200eregulatory risks; \u200efluctuations in commodity prices; title matters; litigation risks; and the additional risks identified in the \u200e\u200eCompany\u2019s long form prospectus dated October 25, 2024 filed under its issuer profile on SEDAR+ and \u200eother reports and filings with the TSXV and \u200eapplicable Canadian securities regulators. Forward-Looking \u200estatements are made based on management\u2019s \u200ebeliefs, estimates and opinions on the date that \u200estatements are made and the Company undertakes no \u200eobligation to update forward-looking statements if \u200ethese beliefs, estimates and opinions or other \u200ecircumstances should change, except as required by \u200eapplicable securities laws. Investors are cautioned \u200eagainst attributing undue certainty to forward-looking \u200estatements.\u200e<\/p>\n

To view the source version of this press release, please visit https:\/\/www.newsfilecorp.com\/release\/230842<\/p>\n<\/p>\n<\/div>\n

News Provided by Newsfile via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Silver47 Exploration Corp. (TSXV: AGA) (\u2018Silver47\u2019 or the \u2018Company), is pleased to announce results from two diamond drill core holes at the West Tundra Flats resource area for a combined 331m at its wholly owned flagship Red Mountain Project in Alaska, USA. Both drill holes cut high-grade silver-zinc-lead-gold-copper zones within a wider sulfide mineralization horizon. […]<\/p>\n","protected":false},"author":0,"featured_media":12502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-12501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=12501"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/12502"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=12501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=12501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=12501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}