# Silver47 Achieves 80% Silver and 77% Gold Extraction from Belmont Tailings at the Hughes Project, Nevada Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver47-achieves-80-silver-and-77-gold-extraction-from-belmont-tailings-at-the--90921576-cf60-4fbe-b2fb-eb603d736b5d Original source: https://orestocks.com/company/AGA.V/press-releases/5143539778915113 Publisher: orestocks Original announcement: 2026-09-21T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Silver47 Exploration Corp - Ticker: AGA.V - Exchange: Unavailable - Region: Nevada - Primary commodity: Silver - Secondary commodities: Gold - Document categories: Metallurgy, Resource update - Extracted: 2026-09-21 12:09:43 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Silver47 has reported successful metallurgical testing on the Belmont tailings at the Hughes Project in Nevada, achieving 80% silver and 77% gold extraction via agitated cyanide leach at a 53 µm grind. While heap leach testing was unsuccessful due to permeability issues, the results support further evaluation of a mill-based processing route for the 2.74 Moz AgEq inferred resource. Reasoning: The metallurgical results demonstrate high recovery potential for the tailings, though the failure of heap leach testing narrows the processing options to more capital-intensive agitated leaching. - Positive factor: Strong silver and gold extraction results from agitated cyanide leach - Positive factor: Finer grind size shows clear improvement in recoveries - Positive factor: Low organic carbon and sulphur suggest low refractory/preg-robbing risk - Positive factor: Identified a clear processing pathway \(agitated leach\) over heap leach - Negative factor: Heap leach testing failed to sustain permeability - Negative factor: Extraction results are reported on a calculated-head basis rather than measured heads Facts used in scoring: 7 ## Classification and evidence **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: Testing indicates agitated cyanide leaching is the leading processing approach. Evidence · text > agitated cyanide leaching, as opposed to heap leaching, is the leading processing approach **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: Low organic carbon and sulphur suggest low potential for preg-robbing or refractory behaviour. Evidence · text > Sulphide sulphur averaged 0.50% and organic carbon 0.13%, suggesting low potential for preg-robbing or refractory behaviour. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The metallurgical testing is associated with an inferred mineral resource. Evidence · text > associated with the inferred mineral resource of 1.8 Moz silver and 11 koz gold **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 2 distinct composites were tested ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-achieves-80-silver-and-77-gold-extraction-from-belmont-tailings-at-the--90921576-cf60-4fbe-b2fb-eb603d736b5d#fact-resource-facts-5) Hughes Project · silver #### Identity - Project: Hughes Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: AGA.V #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:7374cd12de654f5f16fb #### Resource Data - Category: inferred - Tonnes: 1260000 - Grade: 44 - Grade Unit: g/t - Contained Metal: 1.8 - Contained Unit: moz #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: The resource is in the inferred category. - Negative factor: Inferred category limits confidence Evidence · text > inferred mineral resource of 1.8 Moz silver and 11 koz gold \(44 g/t Ag and 0.3 g/t Au, or 68 g/t AgEq\*\) within approximately 1.26 Mt #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-achieves-80-silver-and-77-gold-extraction-from-belmont-tailings-at-the--90921576-cf60-4fbe-b2fb-eb603d736b5d#fact-resource-facts-6) Hughes Project · gold #### Identity - Project: Hughes Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: AGA.V #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:7374cd12de654f5f16fb #### Resource Data - Category: inferred - Tonnes: 1260000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 11 - Contained Unit: koz gold #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: The resource is in the inferred category. - Negative factor: Inferred category limits confidence Evidence · text > inferred mineral resource of 1.8 Moz silver and 11 koz gold \(44 g/t Ag and 0.3 g/t Au, or 68 g/t AgEq\*\) within approximately 1.26 Mt #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## Metallurgical Results (5) ### agitated cyanide leach [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-achieves-80-silver-and-77-gold-extraction-from-belmont-tailings-at-the--90921576-cf60-4fbe-b2fb-eb603d736b5d#fact-metallurgical-facts-0) Hughes Project · silver #### Identity - Project: Hughes Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: AGA.V #### Test Work - Program Status: preliminary - Test Type: agitated cyanide leach - Sample: West composite \(101.2 kg\) - Grind P80: 53 µm #### Recovery - Recovery: 80.7 % - Recovery Basis: actual\_test - Head Grade: 40.6 - Head Grade Unit: g/t #### Lab - Laboratory: Forte Analytical LLC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Strong silver recovery achieved at 53 micron grind. - Positive factor: High silver recovery at fine grind Evidence · text > At the finest grind tested \(P80 53 µm\), the West composite returned 76.5% gold and 80.7% silver extraction ### agitated cyanide leach [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-achieves-80-silver-and-77-gold-extraction-from-belmont-tailings-at-the--90921576-cf60-4fbe-b2fb-eb603d736b5d#fact-metallurgical-facts-1) Hughes Project · gold #### Identity - Project: Hughes Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: AGA.V #### Test Work - Program Status: preliminary - Test Type: agitated cyanide leach - Sample: West composite \(101.2 kg\) - Grind P80: 53 µm #### Recovery - Recovery: 76.5 % - Recovery Basis: actual\_test - Head Grade: 0.27 - Head Grade Unit: g/t #### Lab - Laboratory: Forte Analytical LLC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Good gold recovery achieved at fine grind. - Positive factor: Solid gold recovery for tailings Evidence · text > the West composite returned 76.5% gold and 80.7% silver extraction #### Tags used in scoring **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 76.5% is below the weak band \(80%\) ### agitated cyanide leach [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-achieves-80-silver-and-77-gold-extraction-from-belmont-tailings-at-the--90921576-cf60-4fbe-b2fb-eb603d736b5d#fact-metallurgical-facts-2) Hughes Project · silver #### Identity - Project: Hughes Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: AGA.V #### Test Work - Program Status: preliminary - Test Type: agitated cyanide leach - Sample: East composite \(137.1 kg\) - Grind P80: 53 µm #### Recovery - Recovery: 80 % - Recovery Basis: actual\_test - Head Grade: 45.4 - Head Grade Unit: g/t #### Lab - Laboratory: Forte Analytical LLC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Strong silver recovery achieved at 53 micron grind. - Positive factor: High silver recovery at fine grind Evidence · text > the East composite returned 77.3% gold and 80.0% silver ### agitated cyanide leach [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-achieves-80-silver-and-77-gold-extraction-from-belmont-tailings-at-the--90921576-cf60-4fbe-b2fb-eb603d736b5d#fact-metallurgical-facts-3) Hughes Project · gold #### Identity - Project: Hughes Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: AGA.V #### Test Work - Program Status: preliminary - Test Type: agitated cyanide leach - Sample: East composite \(137.1 kg\) - Grind P80: 53 µm #### Recovery - Recovery: 77.3 % - Recovery Basis: actual\_test - Head Grade: 0.28 - Head Grade Unit: g/t #### Lab - Laboratory: Forte Analytical LLC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Good gold recovery achieved at fine grind. - Positive factor: Solid gold recovery for tailings Evidence · text > the East composite returned 77.3% gold and 80.0% silver #### Tags used in scoring **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 77.3% is below the weak band \(80%\) ### agitated cyanide leach [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-achieves-80-silver-and-77-gold-extraction-from-belmont-tailings-at-the--90921576-cf60-4fbe-b2fb-eb603d736b5d#fact-metallurgical-facts-4) Hughes Project · silver #### Identity - Project: Hughes Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: AGA.V #### Test Work - Program Status: preliminary - Test Type: agitated cyanide leach - Sample: West composite \(101.2 kg\) - Grind P80: 106 µm #### Recovery - Recovery Basis: actual\_test - Head Grade: 40.6 - Head Grade Unit: g/t #### Lab - Laboratory: Forte Analytical LLC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: As-received grind baseline. Evidence · text > West composite \(101.2 kg\) grading 0.27 g/t Au and 40.6 g/t Ag ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.