The main focus of Silver47 Exploration (TSX.V: AGA, FSE: QPE, WKN: A408EQ) is on the flagship Red Mountain project in Alaska. However, exploration is also being vigorously advanced on the company’s other two projects. The geochemical soil surveys that Silver47 conducted last month in the south of the Canadian province of British Columbia on the Adams Plateau project have just been completed.
Adams Plateau is a so-called SEDEX project. SEDEX stands for Sedimentary-Exhalative deposits. They are known for their high-grade silver, lead, zinc and copper mineralization. At Adams Plateau, Silver47 is primarily focused on sedimentary polymetallic massive sulfides found within the prolific Eagle Bay Assemblage. Silver, copper, gold, zinc and lead are the most important target metals. Graphite and antimony are also found as other critical minerals in such deposits.
The 150 square kilometer project is located approximately 100 kilometers northeast of Kamloops and is 100% owned by Silver47. The excellent road access and nearby power and rail links are extremely advantageous for the current development of the project and possible later mining. The Samatosum mine is only about 15 kilometers away. It was in operation from 1989 to 1992 and at that time had reserves of 634,984 tons of ore with an average grade of 1,035 g/t silver, 1.9 g/t gold, 1.2% copper, 1.7% lead and 3.6% zinc before the start of production.
Through the acquisition of additional land since the purchase in 2022, Silver47 now controls the largest mineral rights ever consolidated in one hand in this area. This is the first time in the exploration history dating back to 1949 that it has been possible to investigate this property with significant discovery potential for the presence of a large mineralized system.
Silver47 Combines Historical Results and Creates a Basic Exploration Plan for the Entire Property
Given this extremely attractive environment, it is not surprising that Silver47 has taken a total of 5,008 soil samples on Adams Plateau this year over an area of approximately 35 km². The company can draw on a range of historical data, which is however incomplete. One goal of the current work is therefore to supplement the soil grids that were created and checked by the previous owners with its own work in order to close any remaining gaps. 76 additional rock samples were taken to identify further future drilling targets beyond the previous grid.
Geochemical soil investigations are carried out in conjunction with the taking of rock samples. This type of exploration represents an important intermediate step in the identification of new drilling targets and is also a very cost-effective and efficient way to make the project ready for drilling. From the administrative side, Adams Plateau is already drill-ready, as Silver47 has received the drilling permit from the Canadian authorities. It has a term of five years.
First Step Taken. Silver47 is Now Eagerly Awaiting the Results of the Soil Samples
The work on this project is therefore still in its early stages. However, the results of the previous owners are encouraging. In 1976, they were able to intersect 348 g/t silver, 0.72 g/t gold, 8.5% zinc and 18.8% lead over 4.8 meters with a drill hole on the Spar target area. Another drill hole carried out in 1981 yielded 3.66 meters with 180 g/t silver, 2.4% zinc and 5.7% lead on the Lucky target area. However, the problem with these drill holes is their poor documentation. The drill cores were lost and the exact locations where the drill holes were drilled are no longer known today. The documentation of the boreholes by the previous owners was also inadequate.
Silver47 acquired the Adams Plateau project in 2022 and has since been working to create a new comprehensive soil grid and build a geochemical soil database that covers the entire highly promising Eagle Bay deposit. Forest fires and extensive logging in recent years have led to the property now being more accessible due to an increased number of roads and cut lines. This applies in particular to the project areas that have been little explored to date.
The year 2025 therefore promises to be an extremely exciting and transformative year for Silver47 and its shareholders. The first full drilling season will be carried out on the Red Mountain flagship and the upcoming merger with Summa Silver will soon create an enlarged company with several extremely interesting exploration projects.
