Silver47 Exploration

Overview

Silver47 Exploration is a North American-focused firm devoted to discovering and growing silver-gold wealthy deposits throughout its portfolio: Purple Mountain in Alaska, Adams Plateau in British Columbia and the Michelle Mission in Yukon. Silver47’s flagship mission is the Purple Mountain polymetallic VMS deposit, which has a 2024 inferred useful resource of 168.6 million ounces (Moz) of silver equal (15.6Mt at 335.7 g/t AgEq). This useful resource is equal to 2 Moz gold at about 4 g/t.

Silver47 has an “Exploration Goal” for the Purple Mountain Mission of 50-75Mt at 300-400 g/t AgEq together with the present useful resource.

Silver47 plans to quickly increase its useful resource base to unlock the silver, copper and gold worth in its deposits. As well as, zinc, lead, tin, antimony and graphite happen in abundance on its initiatives and value-add from these vital minerals is anticipated by way of additional exploration.

Silver is vital in each industrial purposes and as an funding asset. The worldwide demand for silver is rising as a result of its important function in electronics, renewable power, corresponding to photo voltaic, and different important, new applied sciences in AI parts, and AgZn and AgC batteries. Round 60 p.c of silver demand comes from industrial use, whereas 40 p.c is pushed by bullion, cash and jewellery. With a silver provide deficit of 240 Moz, demand is anticipated to proceed rising.

Firm Highlights

• Silver47 Exploration wholly owns a various portfolio of silver-polymetallic initiatives throughout North America, together with Purple Mountain VMS (Alaska), Adams Plateau (British Columbia) and Michelle (Yukon).
• In 2022, Silver47 made a big new silver discovery on the Michelle mission with 7.68m of 1,577 g/t Ag, 45 p.c Pb, 4 p.c Zn inside 15m of 907 g/t Ag, 26 p.c Pb, 2.7 p.c Zn on the Silver Matt Goal, Michelle Mission.
• The Purple Mountain VMS mission at present holds an inferred useful resource of 168.6 million ounces of silver equal, with the “Exploration Goal” of 500 to 900 Moz silver equal by way of additional exploration.
• The Firm’s concentrate on fast useful resource development and new discoveries for silver, copper, and gold is supported by an in depth variety of targets recognized throughout its properties.
• Silver47 is poised to capitalize on rising world demand for silver, pushed by its vital function in industrial purposes together with photo voltaic, Ai and AgZn, AgC batteries and investments.
• A projected silver provide deficit of 240 Moz additional strengthens the market outlook.
• Backed by an skilled technical and administration group, and led by seasoned geologist and firm builder Gary R. Thompson, the group brings many years of profitable expertise in mineral exploration.
• Aggressive drill applications are deliberate to quickly advance its initiatives towards improvement.

Key Tasks

Purple Mountain VMS Mission (Alaska):

The Purple Mountain VMS Mission is the Firm’s flagship asset, positioned roughly 100 kilometers south of Fairbanks, Alaska. This mission is a polymetallic VMS deposit, wealthy in silver, gold, zinc, copper, and lead. As of January 2024, Purple Mountain holds an NI 43-101 inferred useful resource of 15.6 million tonnes (Mt) at 7 p.c zinc equal, or 168.6 Moz of silver equal at a grade of 335.7 grams per ton (g/t) silver equal. The mission is positioned in a mining-friendly jurisdiction on state managed lands with cheap entry to infrastructure.

The Western half of the Purple Mtn declare group has a SEDEX affinity in comparison with the VMS targets of the Japanese half of the mission. Preliminary exploration of the Horseshoe SEDEX goal recognized shallow dipping mineralized horizons over a broad space with rock seize samples returning as much as 37.9 g/t Ag, 3.81 g/t Au, 4.6 p.c Zn, 2.6 p.c Pb (see pictures under).

Silver47’s exploration goal for Purple Mountain is estimated between 50 and 75 Mt, with an anticipated grade of 300 to 400 g/t silver equal.

The Purple Mtn Mission has immense development potential with the various underexplored goal areas with valuable metals, base metals, tin and antimony.

Adams Plateau Mission (British Columbia, Canada):

The Adams Plateau Mission is positioned 100 km NE from Kamloops, British Columbia, Canada and has nice street entry with infrastructure close by. The Adams Plateau Mission shares similarities to the VMS-SEDEX type deposits of the Firm’s Purple Mountain Mission. Quite a few showings of large sulphide have been positioned throughout the 150 sq km mission.

Historic drilling on the Adams Plateau Mission has returned 4.8m of 348 g/t Ag, 0.72 g/t Au, 2.7 p.c Pb+Zn on the Spar Goal with floor rock grabs as much as 4000 g/t silver, 7 p.c copper. Latest rock samples collected by Silver47 have returned (3503 g/t Ag, 1.0 g/t Au, 29 p.c Pb+Zn) and (1380 g/t Ag, 6.5 g/t Au, 25 p.c Pb+Zn).

Michelle Mission (Yukon):

The Michelle Mission is positioned in north central Yukon, Canada, a territory recognized for its excessive mineral potential. This mission is located in a extremely potential geological area that has 22 floor showings of Ag-Pb-Zn mineralization with vital minerals like gallium and antimony. Silver47’s first season of exploration on the mission led to a brand new and thrilling silver discovery on the Silver Matt exhibiting. Geochemical evaluation means that these targets are MVT sort sediment hosted mineralization.

In 2022, Silver47 confirmed a brand new silver discovery on the Michelle Mission with 7.68m of 1,577 g/t Ag, 45 p.c Pb, 4 p.c Zn inside 15m of 907 g/t Ag, 26 p.c Pb, 2.7 p.c Zn in gap MCH22-002 on the Silver Matt Goal. Floor samples at Silver Matt have returned as much as 4180 g/t Ag, 82 p.c lead.

Mineralization with sulphide and oxide at 39m depth in MCH-22-002, Silver Matt Goal.

The Firm is ready for a Class 3 allow for drilling from the Yukon authorities, which has been delayed as a result of a flawed (YESAB) Yukon Environmental and Socio-economic Evaluation Board’s no-go resolution in late 2022. The mission has been pushed right into a judicial evaluation. Throughout the land use planning course of on this space all events agreed to honour current mineral claims.

Administration Staff

Gary Thompson (P.Geo.), Founder, CEO and Director

Gary Thompson is a geologist with in depth expertise in each exploration and constructing firms. He’s the present Chairman and CEO of Brixton Metals and has held management roles in a number of profitable ventures, together with Sierra Geothermal Energy, which was offered in 2010. Along with his experience in geology he has raised over $135 million of fairness for exploration firms.

Kevin Chen (CPA, CMA), CFO

Kevin Chen brings a wealth of economic experience to Silver47, having beforehand served because the CFO of outstanding mining firms corresponding to Gold Royalty and Uranium Royalty. With a robust background in finance and administration, Chen oversees the Firm’s monetary technique and ensures it maintains a strong monetary basis for development. His expertise within the mining sector, particularly with royalty firms, provides important worth to Silver47’s management group.

Alex Wallis (P.Geo.), VP Exploration

Alex Wallis is an achieved exploration geologist with over 15 years of expertise in worldwide mineral exploration. He was beforehand a mission supervisor with APEX Geoscience and the nation supervisor for U3O8 Corp in Guyana. His technical experience in mineral exploration and his management in guiding exploration initiatives deliver vital information to the Firm’s bold useful resource development methods.

David Netherway – Unbiased Director

David Netherway is a seasoned mining engineer with over 40 years of expertise within the business. He has efficiently constructed and offered 5 gold mines in West Africa and brings a deep understanding of mine improvement and operations. His strategic insights and engineering background present Silver47 with beneficial steerage because the Firm strikes nearer to its improvement milestones.

Ryan Goodman – Unbiased Director

Ryan Goodman is a authorized professional within the mining business, at present serving as VP, Authorized for Orezone Gold and beforehand at Aura Minerals. Mr. Goodman’s authorized acumen and understanding of the regulatory panorama are key belongings to Silver47.