Silver47 Triples the Size of the Kennedy Gold- Silver Project in Nevada by Staking 4,150 Additional Acres Targeting High-Grade Veins
Silver47 Triples the Size of the Kennedy Gold-
Silver Project in Nevada by Staking 4,150
Additional Acres Targeting High-Grade Veins
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Silver47 Exploration Corp. (TSXV:
AGA) (OTCQX: AAGAF) ("
Silver47
" or the "
Company
") is pleased to announce it has acquired an
additional 4,150 acres of mineral claims at the high-grade, gold-silver Kennedy Project, Nevada via
claim staking.
Highlights:
Major Expansion in Nevada's Kennedy District:
Silver47 has tripled the size of the Kennedy
Project to 6,150 acres by staking approximately 4,150 additional acres and consolidating
substantial ground in this underexplored historic gold-silver district.
Low-Cost, Royalty-Free Project Growth:
The expansion was achieved through low-cost claim
staking with no NSR royalty delivering 100%-owned ground.
Untapped Discovery Potential:
The project now covers at least 15 km of largely unexplored
veins plus potential bulk-tonnage gold-silver mineralization, building on exceptional surface
samples and historic production grades reaching 15.5 g/t Au and 311 g/t Ag
1
.
Comprehensive Exploration Program Underway:
A multidisciplinary field program, including
geological mapping, rock chip sampling, soil-geochemical surveys, and drone-based geophysics
is underway aimed at defining high-priority drill targets.
Hughes Project Drill Program Progress:
One hole has been completed and another is in
progress along the highly prospective eastern extension of the Tonopah Mining district on the
Hughes Project. Several meter- to multi-meter zones of quartz-adularia veins, stockworks and
breccias were intersected in the first hole as expected. Assays are pending and drilling continues.
Galen McNamara, CEO, stated:
"By tripling the size of the Kennedy Project to 6,150 acres through
low-cost, royalty-free staking, we have consolidated this historic, underexplored gold-silver district and
positioned Silver47 for a major discovery opportunity. Northern Nevada is renowned for historic vein
fields that have produced many of the region's largest and most significant mines. We are now targeting
extensions of the vein system as well as new high-grade gold-silver targets across the project as we
drive to unlock additional shareholder value through measured and systematic discovery."
Figure 1. Plan Map of Kennedy Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/293284_18e1527cf44c0aa3_002full.jpg
Kennedy Project Expansion
Based on results from previous rock sampling and prospecting programs (e.g., 21.9 g/t Au and 2,336 g/t
Ag from the Borlasca vein and 6.2 g/t Au and 3,037 g/t Ag from the Fourth of July vein, see April 24
th
,
2025 and September 4
th
, 2025 news releases) and compilation of historical exploration data an
additional ~4,150 acres of unpatented mining claims were acquired at the Kennedy Project through
staking. The strategic claims cover prospective open ground around the Kennedy district (Figure 1). The
project now consists of 301 unpatented mining claims for approximately 6,150 acres located in Pershing
County, Nevada, 75 km south of Winnemucca. Priority exploration targets at the Kennedy Project consist
of high-grade sheeted veins as well as bulk tonnage disseminated and/or stock-work hosted gold-silver
mineralization.
The Kennedy Project covers over 15 km of known veins and vein-systems traceable at surface. Most of
historic mining in the Kennedy district was reportedly from the Gold Note mine which was centered on a
series of high-angle northwest striking veins traced for over 350 m along strike. Historic mining at Gold
Note focused on near-surface (<40 m) oxide mineralization. Deeper secondary sulfide mineralization
remains unmined. Mine grades were reportedly as high as 15.5 g/t Au with 311 g/t Ag
1
.
Highlights from Previous Rock Sample Program (see September 4
th
, 2025, news release)
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)
Next Steps
The mineralized corridors across the Kennedy Project and their potential extensions across the newly
staked claims have not yet seen any systematic modern exploration. A multidisciplinary program
consisting of geological mapping and prospecting, drone-based geophysics (magnetics), induced
polarization geophysics and soil and rock geochemical surveys is ongoing. These data will be used to
refine priority drill targets.
Qualified Person
The technical and scientific 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-
Standards of Disclosure for Mineral Projects
.
References
¹Klopstock, Paul (1913) The Kennedy mining district, Nevada, American Institute of Mining Engineers
Bulletin, v. 77. p. 1041-1046
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 combined 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 OTCQX under the ticker symbol AAGAF.
For more information about the Company, please visit
www.silver-47.com
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."
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X:
@Silver47co
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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 release contains certain "forward looking statements" and certain "forward-looking information"
as defined under applicable Canadian securities laws. Forward-looking statements and information
can generally be identified by the use of forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "upon" "anticipate", "believe", "continue", "plans" or similar terminology. Forward-
looking statements and information include, but are not limited to: the Company's exploration and
development activities and plans.
Forward-looking statements and information are based on forecasts
of future results, estimates of amounts not yet determinable and assumptions that, while believed by
management to be reasonable, are inherently subject to significant business, economic and
competitive uncertainties and contingencies.
Forward-looking statements and information are subject
to various known and unknown risks and uncertainties, many of which are beyond the ability of the
Company to control or predict, that may cause the Company's actual results, performance or
achievements to be materially different from those expressed or implied thereby, and are developed
based on assumptions about such risks, uncertainties and other factors set out herein, including but
not limited to: the ability to close the Offering, including the time and sizing thereof, the insider
participation in the Offering and receipt of required regulatory approvals; the use of proceeds not
being as anticipated; the Company's ability to implement its business strategies; risks associated with
general economic conditions; adverse industry events; stakeholder engagement; marketing and
transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient
capital from internal and external sources, and/or inability to access sufficient capital on favourable
terms; industry and government regulation; changes in legislation, income tax and regulatory matters;
competition; currency and interest rate fluctuations; and the additional risks identified in the
Company's financial statements and the accompanying management's discussion and analysis and
other public disclosures
recently filed under its issuer profile on SEDAR+ and other reports and filings
with the TSXV and applicable Canadian securities regulators. The forward-looking information are
made based on management's beliefs, estimates and opinions on the date that statements are made
and the Company undertakes no obligation to update forward-looking statements if these beliefs,
estimates and opinions or other circumstances should change, except as required by applicable
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No forward-looking statement can be guaranteed, and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on forward-looking statements.
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