# Silver47 Launches Drilling to Target Depth Extensions of High-Grade Silver at Mogollon Silver-Gold Project, New Mexico

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver47-launches-drilling-to-target-depth-extensions-of-high-grade-silver-at-mo--e7e945cd-2acd-4597-88fb-ce97d825a013

Original source: https://money.tmx.com/en/quote/AGA/news/6965958051779282/silver47-launches-drilling-to-target-depth-extensions-of-high-grade-silver-at-mo

Publisher: tmx

Original announcement: 2026-01-21T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Silver47 Exploration Corp.

- Ticker: AGA

- Exchange: TSX

- Region: New Mexico

- Primary commodity: Silver

- Secondary commodities: Gold

- Document categories: Resource update, Drill results, Other

- Extracted: 2026-09-13 11:17:59 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Silver47 has launched a winter drilling program at the Mogollon Project in New Mexico, targeting depth extensions of high-grade silver-gold mineralization on the Last Chance Vein. The program aims to test potential beneath historical ore shoots to expand the existing Inferred Mineral Resource.

Reasoning: The announcement marks the commencement of a drilling program rather than reporting new assay results. It focuses on the strategic intent to test depth extensions of a known high-grade system.

- Positive factor: targeting high-grade depth extensions

- Positive factor: large historical production context

- Positive factor: significant cash reserve of $55M

- Negative factor: no new assay results reported in this release

Facts used in scoring: 2

## Classification and evidence

**Inferred Resource**

Polarity: negative

Story-specific tag

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The existing resource mentioned is entirely in the Inferred category.

Evidence · text

> outside the current Inferred Mineral Resource

## Extracted facts

Stored fact records: 2. 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-launches-drilling-to-target-depth-extensions-of-high-grade-silver-at-mo--e7e945cd-2acd-4597-88fb-ce97d825a013#fact-resource-facts-0)

Mogollon Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mogollon Project
- Commodity: silver
- Region: mexico
- Reported Region: New Mexico
- Ticker: AGA

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Galen McNamara
- Resource group id: resource:73d991f66e6ebc0785ce
- Deposit or zone: Mogollon Project
- Resource basis: attributable

#### Resource Data

- Category: inferred
- Tonnes: 2720000
- Grade: 139
- Grade Unit: g/t
- Contained Metal: 12.12
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-22

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-22T00:00:00.000Z

#### Dates

- Event date: 2026-01-21T00:00:00.000Z

Reasoning: This is a restatement of the existing resource to provide context for the new drilling program.

- Positive factor: large silver equivalent tonnage

- Positive factor: high grade

- Negative factor: entirely inferred category

Evidence · text

> Inferred Mineral Resource of 32.08 Moz silver equivalent \(12.12 Moz silver and 0.24 Moz gold\) at 367 g/t silver equivalent\* \(139 g/t silver and 2.72 g/t gold\) over 2.72 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**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-launches-drilling-to-target-depth-extensions-of-high-grade-silver-at-mo--e7e945cd-2acd-4597-88fb-ce97d825a013#fact-resource-facts-1)

Mogollon Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mogollon Project
- Commodity: gold
- Region: mexico
- Reported Region: New Mexico
- Ticker: AGA

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Galen McNamara
- Resource group id: resource:73d991f66e6ebc0785ce
- Deposit or zone: Mogollon Project
- Resource basis: attributable

#### Resource Data

- Category: inferred
- Tonnes: 2720000
- Grade: 2.72
- Grade Unit: g/t
- Contained Metal: 0.24
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-22

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-22T00:00:00.000Z

#### Dates

- Event date: 2026-01-21T00:00:00.000Z

Reasoning: Restatement of gold component of the existing inferred resource.

- Positive factor: significant gold credits

Evidence · text

> Inferred Mineral Resource of 32.08 Moz silver equivalent \(12.12 Moz silver and 0.24 Moz gold\) at 367 g/t silver equivalent\* \(139 g/t silver and 2.72 g/t gold\) over 2.72 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**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.