The ground exploration program completed at the Kennedy Project in the US state of Nevada has impressively demonstrated, with gold grades of up to 44.5 g/t, silver grades of up to 3,037 g/t, and a peak of 8.56% copper, how attractive this project is for Silver47 Exploration (TSX.V: AGA, FSE: QPE, WKN: A408EQ). The Kennedy Project is still largely unexplored. However, the results available so far clearly indicate that Silver47 has the potential here to demonstrate high-grade gold and silver mineralization.
In total, CEO Galen McNamara’s company collected 109 samples. Data from over 40 historical rock samples were also compiled and combined with the new data, resulting in a geochemical rock database of over 150 samples. The new samples were taken in an area of three by two kilometers and indicate widespread gold and silver mineralization. They establish the Kennedy Project as a promising precious metal district in Nevada.
It is noteworthy that many of the veins are still relatively unexplored. Approximately 22 kilometers of the near-surface veins have not yet been investigated with modern exploration methods. This presents Silver47 Exploration with a compelling opportunity for significant discoveries in Nevada. Therefore, Silver47 has staked significant additional claims around the already known veins. These cover the promising open areas around the Kennedy District. Furthermore, the project acquired by Silver47 only last year is free of royalty payments, as it was acquired through claim staking.
The first results now available confirm the acquisition strategy and attest to a unique discovery opportunity within the district in Nevada. It was particularly pleasing that not only individual samples yielded high gold and silver grades, but a whole series of discoveries with high gold and silver grades were noteworthy. The already mentioned sample with 44.5 g/t gold was taken from the Hidden Treasure Vein. A sample taken from the Trail/Senator Vein contained a solid 3.1 g/t gold and 583 g/t silver.
Silver47 Exploration Plans a Robust Exploration Program
Additionally, 30.4 g/t gold and 148 g/t silver were detected in a sample from the Imperial Vein. A sample taken from the Danneburg Vein contained 19.5 g/t gold and 273 g/t silver, while 15.9 g/t gold and 323 g/t silver were detected in rock from the Coyote Vein. Silver47 was also successful on the Accident Vein, where the sample taken contained 12.7 g/t gold and 305 g/t silver.
The samples taken from four other veins are also very attractive. They contained 39.4 g/t gold and 370 g/t silver (Cricket Vein), 40.4 g/t gold and 232 g/t silver (Gold Note Vein), 6.2 g/t gold and 3,037 g/t silver (Fourth of July Vein), and last but not least, the 21.9 g/t gold, 2,336 g/t silver, and 8.56% copper identified in the ore of the Borlasca Vein are very promising.
Therefore, Silver47 intends to take the next steps at the Kennedy Project as early as this autumn. A multidisciplinary program is planned for the further development of the property, which includes geological mapping, rock sampling, geophysical ground surveys, and geochemical soil surveys. Its goal is to locate the priority drill targets.
Exploration Work is Progressing Rapidly at Red Mountain
Meanwhile, the drilling program at the Red Mountain Project in Alaska is progressing rapidly. The already completed drillings intersected very promising massive sulfide zones. To date, twelve drillings have been completed at the Dry Creek and West Tundra Flats deposits. These boreholes include both step-out drillings to expand the existing resource and infill drillings to improve the quality of the resource.
Therefore, investors have every reason to look forward to the coming autumn with great anticipation. If the laboratory analyses confirm the previous findings and the visual appearance of the drill cores, an increase in size and a qualitative upgrade of the existing mineralization can be expected at Red Mountain. Meanwhile, in Nevada, another promising prospect that Silver47 currently has is being actively advanced by identifying the most attractive drill sites.
