Silver47 Highlights Expansive High-Grade Gold and Silver System at the Kennedy Project, Nevada Samples up to 44.5 g/t Gold, 3,037 g/t Silver, and 8.56% Copper
Silver47 Highlights Expansive High-Grade
Gold and Silver System at the Kennedy
Project, Nevada
Samples up to 44.5 g/t Gold, 3,037 g/t Silver, and 8.56%
Copper
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Silver47 Exploration Corp. (TSXV:
AGA) (OTCQB: AAGAF) ("
Silver47
" or the "
Company
") is pleased to provide assay results from a
recently completed rock sampling program at its high-grade Kennedy gold-silver Project in Nevada (the
"
Kennedy Project
"). Results demonstrate strong prospectivity for high-grade gold and silver
mineralization across the under-explored project.
Highlights:
High-Grade Assay Results:
Select rock samples returned exceptional grades, including:
21.9 g/t Au, 2,336 g/t Ag, 8.56% Cu (Borlasca Vein)
6.2 g/t Au, 3,037 g/t Ag (Fourth of July Vein)
40.4 g/t Au, 232 g/t Ag (Gold Note Vein)
39.4 g/t Au, 370 g/t Ag (Cricket Vein)
12.7 g/t Au, 305 g/t Ag (Accident Vein)
15.9 g/t Au, 323 g/t Ag (Coyote Vein)
19.5 g/t Au, 273 g/t Ag (Danneburg Vein)
30.4 g/t Au, 148 g/t Ag (Imperial Vein)
3.1 g/t Au, 583 g/t Ag (Trail/Senator Vein)
44.5 g/t Au (Hidden Treasure Vein)
Expanded Land Holdings:
Silver47 has
staked substantial additional land around the
mineralized vein system covering all prospective
open ground
around the Kennedy district,
which is not shown on Figure 1.
Large High-Grade Vein Footprint:
Sampling across a 3 km x 2 km area reveals widespread
gold and silver mineralization, establishing the Kennedy Project as a high-potential precious metal
district in Nevada.
Undrilled Nevada Vein Field:
Approximately 22 km of near-surface veins, largely untouched by
modern exploration, present a compelling opportunity for significant discoveries.
Robust Exploration Program Planned:
A multidisciplinary program including geological
mapping, rock chip sampling, ground geophysics, and soil-geochemical surveys is panned for this
fall to pinpoint high-priority drill targets.
Red Mountain Project Drill Program Progress:
12 holes have been completed at the Dry
Creek and West Tundra Flats deposits where zones of massive, semi-massive and disseminated
sulfides have been intersected in step-out and infill holes. Assays are pending and drilling
continues.
Galen McNamara, CEO, stated:
"Our exploration at the Kennedy Project is revealing high-grade gold
and silver targets across a 22 km network of largely untested veins. Having acquired this project by claim
staking last year, it is also royalty free. These initial results validate our acquisition strategy and position
the district as a unique discovery opportunity in Nevada. Concurrently, drilling at our Red Mountain
project in Alaska is progressing well, with drilling intersecting promising massive sulfide zones. We look
forward to sharing assay results as they become available to showcase the strength of our American
project portfolio."
Figure 1.
Plan Map of Kennedy Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/265057_1b4d1a5c54f818c4_002full.jpg
Figure 2
(see attached figure)
.
Disseminated, banded and massive sulfide mineralization featuring
pyrite, pyrrhotite, chalcopyrite, sphalerite and galena in hole DC25-110 from the Red Mountain, Alaska.
Photo is not intended to be representative of broader mineralization.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/265057_1b4d1a5c54f818c4_003full.jpg
Table 1: Rock assay highlights
Sample ID
Zone
Au (g/t)
Ag (g/t)
Type
Easting*
Northing*
351902
Accident
12.7
305
dump
437216
4459227
722881
Accident
8.2
78
dump
437118
4459331
351903
Accident
0.9
107
dump
437215
4459255
722894
Borlasca
3.2
258
dump
436104
4457845
722891
Borlasca
5.3
68
outcrop
436211
4457910
722893
Borlasca
21.9
2,336
dump
436214
4457907
722896
Borlasca
6.3
107
dump
436272
4457827
J486215^
Borlasca
17.2
932
dump
436223
4457904
722875
Cricket
11.3
322
outcrop
437134
4459636
722872
Cricket
32.7
251
dump
437115
4459666
722871
Cricket
39.4
370
dump
437102
4459688
722870
Cricket
34.0
293
dump
437092
4459690
722869
Cricket
14.1
162
subcrop
437081
4459715
722873
Cricket
11.9
148
outcrop
437120
4459659
722868
Cricket
12.1
47
dump
437068
4459735
350137
Cricket
17.7
28
dump
437179
4459515
350134
Cricket
6.8
200
dump
437169
4459546
722878
Danneburg
3.8
326
dump
437281
4460597
350143
Danneburg
19.5
273
dump
437359
4460451
722876
Danneburg
3.1
116
dump
437391
4460431
350141
Danneburg
7.2
41
subcrop
437398
4460443
351908
Fourth of July
6.2
3,037
float
437186
4458978
351909
Fourth of July
9.6
2,360
dump
437176
4458993
722885
Fourth of July
2.6
575
dump
437091
4458997
722886
Fourth of July
11.0
239
dump
437121
4458989
351911
Fourth of July
4.6
315
outcrop
437203
4458947
722883
Fourth of July
4.1
211
dump
437122
4459101
351910
Fourth of July
1.9
454
subcrop
437155
4458999
E923275^
Gold Note
11.1
1,020
dump
435331
4458209
J486223^
Gold Note
20.1
114
dump
435391
4458114
350106
Gold Note
40.4
232
dump
435309
4458224
350101
Gold Note
10.9
724
dump
435319
4458213
350104
Gold Note
0.6
419
dump
435327
4458219
350102
Gold Note
5.0
122
dump
435322
4458215
J486240^
Gold Note
5.4
32
dump
435330
4458222
J486241^
Gold Note
8.4
8
float
435450
4458297
350122
Hidden Treasure
10.7
53
subcrop
435757
4458713
351914
Hidden Treasure
44.5
15
dump
435650
4458845
J486233^
Hidden Treasure
8.6
43
dump
435656
4458844
722889
Hidden Treasure
12.0
53
dump
435609
4458805
722890
Hidden Treasure
27.6
11
float
435668
4458776
722864
Imperial
30.4
148
dump
436355
4459530
350133
Imperial
3.3
226
dump
436325
4459715
350130
Imperial
11.1
32
dump
436346
4459567
722867
Imperial
16.8
17
dump
436324
4459657
722860
Imperial
7.0
80
dump
436655
4458931
722861
Imperial
8.4
34
dump
436655
4458930
350131
Imperial
5.9
5
subcrop
436334
4459596
350129
Imperial
8.6
77
dump
436347
4459351
J486238^
Regional
3.1
100
dump
435979
4457773
350121
Regional
5.7
21
subcrop
434848
4459187
E923273^
Trail/Senator
3.1
583
dump
436605
4458764
722855
Trail/Senator
8.6
133
dump
436603
4458763
350123
Trail/Senator
6.4
43
dump
436607
4458764
722854
Trail/Senator
8.5
78
dump
436605
4458762
722857
Trail/Senator
1.9
114
outcrop
436538
4458813
722859
Trail/Senator
1.6
134
outcrop
436512
4458842
350120
Coyote
2.9
759
float
435061
4458685
J486225
Coyote
16.0
64
dump
435227
4458717
350115
Coyote
2.9
103
subcrop
435201
4458738
350118
Coyote
1.7
107
float
435062
4458678
E923276^
Coyote
15.9
323
subcrop
435052
4458607
350116
Coyote
10.9
36
dump
435224
4458716
E923278^
Coyote
10.0
33
dump
435227
4458716
*NAD83 Z 11
^see references for sources of data
Defining Widespread High-Grade Gold-Silver Mineralization
A reconnaissance-style prospecting and sampling program was recently completed by Silver47's
exploration team on unpatented mining claims of the Kennedy Project. The purpose of the program was
to confirm the presence of high-grade gold-silver-base metal mineralization across eleven targets
(Figure 1). Areas of historic surface workings (e.g., blast pits and mine dumps) as well as outcrop,
subcrop and float were sampled. In total, 109 samples were collected (see April 24
th
, 2025 news
release for first batch of results). Data from over 40 historic rock samples were also compiled and
combined with the new data creating a rock geochemical database of over 150 samples (Figure 1).
Selective sampling across the eleven targets (Figure 1) demonstrates the scale and high-grade potential
of vein-systems typical of the Kennedy Project. Highlights from recent and historical sampling include:
Gold Note
: Most of the historic gold production in the Kennedy district was from the Gold Note
mine. The mine was centered on a series of high-angle, broadly east-west striking quartz veins
hosted in volcanic and sedimentary rocks and traced for over 350 m. Waste material from the mine
has been stacked in dumps near the main Union and No. 2 adits (Figure 1). Sampling of these
dumps returned grades up to 40.4 g/t Au with 232 g/t Ag and 11.1 g/t Au with 1,020 g/t Ag (Table
1) and the 14 new and compiled samples average 7.9 g/t Au with 193 g/t Ag. These results agree
with historic mine grades which were reportedly as high as 15.5 g/t Au with 311 g/t Ag¹.
Borlasca:
The east-west trending Borlasca target comprises a series of northwest to west striking
structures centered approximately 900 m east of the Gold Note mine. Veins and oxidized vein-
breccias are hosted in porphyritic rhyolite associated with strong silicification. Samples of dump
and outcrop from across the three main Borlasca veins have returned up to 21.9 g/t Au with 2,336
g/t Ag with 8.56% Cu. The strong copper mineralization in many of the Borlasca samples suggest
strong prospectivity for copper mineralization across this part of the Kennedy district.
Coyote
: The northwest-striking Coyote vein system is centered approximately 600 m north of the
Gold Note mine. Veins and quartz-cemented breccias of the Coyote target are hosted primarily in
granite and quartz-phyric rhyolite. Samples of dump material, subcrop and float from the main
Coyote target returned grades up to 15.9 g/t Au with 323 g/t Ag and 2.9 g/t Au with 759 g/t Ag
(Table 1). Sampling 600 m along strike to the northwest returned 5.7 g/t Au with 20.8 g/t Ag
(sample 350121, Table 1).
Cricket-Accident trend:
The north-northwest striking Cricket target is centered approximately 2.2
km northeast of the Gold Note mine (Figure 1). The vein-system is hosted near a contact between
andesite and monzonite and consists of brecciated and drusy quartz veins and veinlets. The
Cricket vein has been sampled (outcrop and dumps) for over 200 m along strike with grades up to
39.4 g/t Au and 370 g/t Ag (15 samples average 12.3 g/t Au and 132 g/t Ag). High-grade gold and
silver mineralization at Cricket is locally associated with strong lead and antimony mineralization
(up to 3.0% Pb and 3,540 ppm Sb). The Accident vein, 300 m along strike to the south of Cricket,
is interpreted to be part of the same 800 m north-trending vein-system. Sampling at Accident
returned up to 12.7 g/t Au with 305 g/t Ag (Table 1). Further sampling along trend north of Cricket
towards the historic Wall Street mine and along trend south of Accident is warranted.
Fourth of July:
The Fourth of July vein sets are hosted in strongly oxidized granite/monzonite and
comprise quartz-rich breccias and veins. Sampling of outcrop, subcrop, dump and float along a
200 m trend at Fourth of July returned up to 6.2 g/t Au with 3,037 g/t Ag and 9.6 g/t Au with 2,360
g/t Ag. The veins may represent a possible southern offset of the Cricket-Accident trend of veins
and supports the strong prospectivity for high-grade gold-silver mineralization in broadly north-
trending structural corridors.
Trail-Imperial trend:
The historic Trail/Senator mine represents the southern extent of the broadly
north-trending Trail-Imperial corridor. The high-grade Imperial Mine represents the northern extent
of the 1.0 km long corridor. The Trail/Senator target comprises quartz-rich veins and breccias with
associated wall rock hosted quartz-stringers and veinlets. Sampling of dumps and outcrop
returned up to 8.61 g/t Au with 133 g/t Ag and 6.4 g/t Au with 43.1 g/t Ag. At Imperial, primarily
hosted in quartz monzonite sampling returned up to 30.4 g/t Au with 148 g/t Ag and 16.8 g/t Au with
17.2 g/t Ag. Similar to the parallel Cricket-Accident trend, the Trail-Imperial corridor demonstrated
strong prospectivity for high-grade gold and silver mineralization along north-trending structural
corridors.
Hidden Treasure-Chromo trend:
The Hidden Treasure set of mineralized veins are centered 800
m north of the Gold Note mine and hosted primarily in volcanics and breccias near the contact with
granite. Together with the Chromo target (Figure 1), 300 m along strike to the north, the
mineralized Hidden Treasure-Chromo trend comprises high-grade gold-bearing breccias with
samples up to 44.5 g/t Au and 27.6 g/t Au (7 samples at Hidden Treasure average 15.6 g/t Au and
31 g/t Ag).
Danneburg:
The Danneburg group of mineralized vein occurrences, covering a 200 by 150 m
area, is centered approximately 3.0 km northeast of the Gold Note mine. Drusy and oxidized veins
hosted in silicified and oxidized granite returned up 19.5 g/t Au with 273 g/t Ag and 3.8 g/t Au with
554 g/t Ag in dump material. Further work is required at Danneburg to define the strike-extent of
the dominant north- and northwest-striking vein-sets.
Based on the results from the preliminary sampling and prospecting program, an additional 4,000 acres
of unpatented mining claims have been acquired through staking. The strategic claims cover all
prospective open ground around the Kennedy district.
Next Steps
The extensive mineralized corridors across the Kennedy Project with multiple high-grade targets have
not yet seen any systematic modern exploration. A multidisciplinary program consisting of geological
mapping, ground geophysics (magnetics and induced polarization) and soil and rock geochemical
surveys are planned to refine existing targets and define new drill targets. Follow-up exploration is set to
commence this fall.
Analytical and Quality Assurance and Quality Control Procedures
Rock samples were sent to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and
analysis. Paragon meets all requirements of International Standards ISO/IEC 17025:2005 and ISO
9001:2015 for analytical procedures. Samples were analyzed for gold via fire assay with an MS finish
("AU-FA30"), and for silver via inductively-coupled plasma, mass spectroscopy (ICP-MS) after four-acid
digestion ("48MA-MS"). Samples assaying over 8 ppm Au were re-run via fire assay for Au with a
gravimetric finish ("AU-GR30"). Samples that assayed over 100 ppm Ag (0.01%), 1,000 ppm Cu (1%),
Zn (1%) and Pb (1%) were re-run via inductively coupled plasma optical emission spectroscopy
("OLMA-OES").
Historical data referenced herein (e.g., rock samples
2
), including but not limited to assay results and
geological interpretations from previous exploration activities, have been sourced from publicly available
records, archived reports, and third-party databases believed to be reliable. However, Silver47 has not
independently verified this historical data through resampling, re-assaying, or other confirmatory
methods. As such, the Company cautions that this historical information has not been verified by a
Qualified Person. The Company is not treating historical information as current and it is being used to
guide exploration only.
Marketing Agreement
Effective September 3, 2025, the Company has engaged Sideways Frequency LLC ("SFLLC") to
provide certain marketing services to the Company.
Under the agreement, the Company will pay SFLLC
$250,000 USD for a 12-month term. The Company may elect to renew or extend the engagement at any
point during the term.
The marketing services will include, but are not limited to, email campaigns, native
advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement
placement, and overseeing progress and results of digital campaigns. The Company has granted
80,000 stock options to SFLLC at a strike price of $0.83 with a three-year term. The options vest
quarterly over a period of one year.
SFLLC is based in Utah, USA and is at arm's length to the Company. SFLLC and its principals have no
present, direct or indirect interest in the Company or its securities, nor any right or present intention to
acquire such an interest except as otherwise provided herein. The agreement and the option grant
remain subject to TSX Venture Exchange approval.
Technical Disclosure
The technical content of this news release has been reviewed and approved by Galen McNamara, P.
Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.
Rock-chip, dump, float and subcrop samples are selective by nature and may not be representative of
mineralization across the Kennedy Project.
References
¹Klopstock, Paul (1913) The Kennedy mining district, Nevada, American Institute of Mining Engineers
Bulletin, v. 77. p. 1041-1046
2
Data reported by West Cirque Resources, WCQ TSX-V NRs September 13, 2011 and November 22,
2011
About Silver47 Exploration
Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing
silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver
developer with a resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq
indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in
America's most prolific mining jurisdictions. For detailed information regarding the resource estimates,
assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings
available on SEDAR at
www.sedarplus.ca
. The Company trades on the TSXV under the ticker symbol
AGA and OTCQB under the ticker symbol AAGAF.
For more information about the Company, please visit
www.silver47.ca
and see the Technical Report
filed on SEDAR+ (
www.sedarplus.ca
) and titled "Technical Report on the Red Mountain VMS Property
Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX
Geoscience Ltd."
Follow us on social media for the latest updates:
X:
@Silver47co
LinkedIn:
Silver47
On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
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.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking information regarding, among other things, the timing,
scope and objectives of planned exploration at the Kennedy Project (including mapping, geophysics,
geochemical surveys and target generation), potential future drilling, and the anticipated timing of
assay results at Red Mountain. Forward-looking information is based on a number of assumptions
that, while considered reasonable by management at the date hereof, are inherently subject to
business, technical and operational uncertainties. Assumptions include the availability of personnel
and equipment, access to the property, receipt of permits and approvals, budget availability, and that
historical information compiled will be useful in guiding exploration. Material risk factors that may
cause actual results to differ materially include changes in exploration plans; results of field work that
differ from expectations; access, permitting or regulatory risks; availability of contractors and
laboratory turn-around times; weather; commodity price volatility; and the risks described in the
Company's public filings on SEDAR+. The Company does not undertake to update any forward-
looking information except as required by applicable securities laws." (meets all four required
elements).
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/265057