# 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 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver47-drills-massive-sulfide-at-the-new-second-chance-zone-74-m-of-visually-o--0fd7933c-f8fe-40ce-bb48-57b5acf824c1 Original source: https://money.tmx.com/en/quote/AGA/news/7089665222498171/silver47-drills-massive-sulfide-at-the-new-second-chance-zone-74-m-of-visually-o Publisher: tmx Original announcement: 2026-09-08T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Discovery of new Second Chance zone with 197m continuous sulfide - Positive factor: Widest mineralized interval drilled to date at Red Mountain - Positive factor: Visual observation of massive to semi-massive sulfides - Positive factor: High-grade silver-gold intercepts at Mogollon - Negative factor: Assays for major Red Mountain intercepts are still pending - Negative factor: Visual observations are preliminary and not confirmed by assays Facts used in scoring: 5 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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) ### MOG26-23 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-drills-massive-sulfide-at-the-new-second-chance-zone-74-m-of-visually-o--0fd7933c-f8fe-40ce-bb48-57b5acf824c1#fact-drill-facts-0) Mogollon · gold #### 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 factor: High grade gold intercept Evidence · table > 2.31 Context: 0.3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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" ### MOG26-23 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-drills-massive-sulfide-at-the-new-second-chance-zone-74-m-of-visually-o--0fd7933c-f8fe-40ce-bb48-57b5acf824c1#fact-drill-facts-1) Mogollon · silver #### 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 factor: High grade silver intercept Evidence · table > 117 Context: 0.3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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" ### MOG26-24 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-drills-massive-sulfide-at-the-new-second-chance-zone-74-m-of-visually-o--0fd7933c-f8fe-40ce-bb48-57b5acf824c1#fact-drill-facts-2) Mogollon · gold #### 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 factor: Gold intercept Evidence · table > 1.20 Context: 1.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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" ### MOG26-24 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-drills-massive-sulfide-at-the-new-second-chance-zone-74-m-of-visually-o--0fd7933c-f8fe-40ce-bb48-57b5acf824c1#fact-drill-facts-3) Mogollon · silver #### 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 factor: Silver intercept Evidence · table > 73.8 Context: 1.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver47-drills-massive-sulfide-at-the-new-second-chance-zone-74-m-of-visually-o--0fd7933c-f8fe-40ce-bb48-57b5acf824c1#fact-resource-facts-4) Mogollon Project · silver #### 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 factor: High grade silver equivalent - Negative factor: Inferred category Evidence · text > 2.72 million tonnes at 367 g/t AgEq, totalling 32.08 million AgEq #### 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 ## 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.