Silver47 Drills Massive Sulfide at the New Second Chance Zone: 74 m of Visually Observed Semi-Massive to Massive Sulfide Intervals Within 197 m of Continuous Sulfide Mineralization, Red Mountain Project, Alaska
Original announcement by tmx on
- Company
- Silver47 Exploration Corp.
- Ticker
- AGA
- Exchange
- TSX
- Region
- Alaska
- Primary commodity
- Silver
- Secondary commodities
- Gold, Zinc, Lead, Copper
- Document categories
- Drill results, Resource update
- Extracted
- 2026-09-13 10:21:34 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver47 has completed its summer drill program at the Red Mountain Project in Alaska, highlighting the discovery of the Second Chance zone with 197m of continuous visually observed sulfide mineralization. The company also reported high-grade silver-gold intercepts at the Mogollon Project in New Mexico, with many Red Mountain assays currently pending.
Reasoning: The release reports significant visual discovery of massive sulfides at a new zone (Second Chance) and high-grade silver-gold assays at Mogollon, though most Red Mountain results await assay confirmation.
Positive factors
- Discovery of new Second Chance zone with 197m continuous sulfide
- Widest mineralized interval drilled to date at Red Mountain
- Visual observation of massive to semi-massive sulfides
- High-grade silver-gold intercepts at Mogollon
Negative factors
- Assays for major Red Mountain intercepts are still pending
- Visual observations are preliminary and not confirmed by assays
Facts used in scoring: 5
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes detailed QA/QC protocols, including blanks, duplicates, and CRMs, and names accredited laboratories.
Evidence · text
“QAQC check samples were inserted into the sample stream with one blank, one duplicate (coarse), and one certified reference material (CRM)”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Mogollon resource is explicitly stated as being in the Inferred category.
Evidence · text
“outside the current inferred mineral resource”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Drill Results (4)
MOG26-23Mogollon · goldGrade: 2.31Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- MOG26-23
- Project
- Mogollon
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- AGA
Geometry
- Grade
- 2.31
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 418.8 m
- To
- 419.1 m
- Intercept Depth
- 418.8 m
Classification
- Sample Type
- drill
- Group ID
- MOG26-23:418.8-419.1
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Paragon Geochemical Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: High grade gold intercept in a silver-gold system.
Positive factors
- High grade gold intercept
Evidence · table
“2.31”
Context: 0.3
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Silver47 Drills Massive Sulfide at the New Second Chance Zone: 74 m of Visually Observed Semi-Massive to Massive Sulfide"
MOG26-23Mogollon · silverGrade: 117Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- MOG26-23
- Project
- Mogollon
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- AGA
Geometry
- Grade
- 117
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 418.8 m
- To
- 419.1 m
- Intercept Depth
- 418.8 m
Classification
- Sample Type
- drill
- Group ID
- MOG26-23:418.8-419.1
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Paragon Geochemical Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: High grade silver intercept in a silver-gold system.
Positive factors
- High grade silver intercept
Evidence · table
“117”
Context: 0.3
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Silver47 Drills Massive Sulfide at the New Second Chance Zone: 74 m of Visually Observed Semi-Massive to Massive Sulfide"
MOG26-24Mogollon · goldGrade: 1.2Grade Unit: g/tIntercept: 1.7 mView all detailsHide details
Identity
- Hole ID
- MOG26-24
- Project
- Mogollon
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- AGA
Geometry
- Grade
- 1.2
- Grade Unit
- g/t
- Intercept
- 1.7 m
- From
- 395.03 m
- To
- 396.74 m
- Intercept Depth
- 395.03 m
Classification
- Sample Type
- drill
- Group ID
- MOG26-24:395.03-396.74
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Paragon Geochemical Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Gold intercept in a silver-gold system.
Positive factors
- Gold intercept
Evidence · table
“1.20”
Context: 1.7
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Silver47 Drills Massive Sulfide at the New Second Chance Zone: 74 m of Visually Observed Semi-Massive to Massive Sulfide"
MOG26-24Mogollon · silverGrade: 73.8Grade Unit: g/tIntercept: 1.7 mView all detailsHide details
Identity
- Hole ID
- MOG26-24
- Project
- Mogollon
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- AGA
Geometry
- Grade
- 73.8
- Grade Unit
- g/t
- Intercept
- 1.7 m
- From
- 395.03 m
- To
- 396.74 m
- Intercept Depth
- 395.03 m
Classification
- Sample Type
- drill
- Group ID
- MOG26-24:395.03-396.74
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Paragon Geochemical Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Silver intercept in a silver-gold system.
Positive factors
- Silver intercept
Evidence · table
“73.8”
Context: 1.7
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Silver47 Drills Massive Sulfide at the New Second Chance Zone: 74 m of Visually Observed Semi-Massive to Massive Sulfide"
Resource Estimates (1)
inferredMogollon Project · silverTonnes: 2720000Contained Metal: 32.08Contained Unit: moz silver equivalentView all detailsHide details
Identity
- Project
- Mogollon Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- New Mexico
- Ticker
- AGA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:31bd6923da0f4a671296
- Deposit or zone
- Mogollon Project
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2720000
- Contained Metal
- 32.08
- Contained Unit
- moz silver equivalent
Metal Equivalent
- Metal Eq. Grade
- 367
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Existing inferred resource at Mogollon.
Positive factors
- High grade silver equivalent
Negative factors
- Inferred category
Evidence · text
“2.72 million tonnes at 367 g/t AgEq, totalling 32.08 million AgEq”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
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.