FULL DISCLOSURE: Silver47 Exploration is a sponsor of theDeepDive.ca.
Silver47 Exploration (TSXV: AGA) has tripled the size of its Kennedy gold-silver project in Nevada, marking a significant land grab in a historic mining district that has seen little modern attention. The company has acquired 4,150 additional acres through strategic staking, bringing the total project area to approximately 6,150 acres.
Given that the claims were staked rather than acquired. the new claims are 100% owned by the company with no underlying royalties. This move effectively consolidates a large portion of the Kennedy district, a region known for high-grade vein systems that were last actively mined in the early 20th century.
Recent surface sampling at the property has reinforced the project’s high-grade potential. Previous results include 21.9 g/t gold and 2,336 g/t silver from the Borlasca vein, as well as 6.2 g/t gold and 3,037 g/t silver from the Fourth of July vein. The expanded footprint now covers more than 15 kilometers of these known vein systems, many of which remain largely unexplored.
Management views the consolidation as a pivotal step in their Nevada strategy. “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,” said Galen McNamara, CEO of Silver47.
READ: Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project
The company is not wasting any time. A multidisciplinary exploration program is already underway, featuring geological mapping, soil geochemical surveys, and drone based geophysics. These efforts are designed to pinpoint high-priority drill targets across the expanded acreage, focusing on both high-grade sheeted veins and potential bulk-tonnage mineralization.
“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,” continued McNamara.
Silver47 last traded at $0.76 on the TSX Venture.
FULL DISCLOSURE: Silver47 is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Silver47. The author has been compensated to cover Silver47 on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
