Silver47 Soil Survey Highlights 15 km High-Grade Vein Network and Outlines New Disseminated Gold Target at Kennedy, Nevada
Silver47 mapped a 15km high-grade vein network at the Kennedy project ahead of its inaugural drilling campaign.
Silver47 Exploration Corp. (AGA) has released results from a property-wide soil geochemical survey conducted at its Kennedy gold-silver Project in Nevada. The survey encompassed approximately 18 km² and included 2,924 samples, identifying strong multi-element anomalies across the property.
A continuous gold-in-soil anomaly spanning approximately 1.3 km was identified along the Cricket-Accident trend, coinciding with known high-grade veins that have returned grades up to 39.4 g/t Au. Additionally, a new disseminated gold target was identified at Lamberson, characterized by a broad Mo-Cu-Bi-Sb pathfinder signature over pyrite and propylitic alteration. Further anomalies were noted near the historic Gold Note mine and the Danneburg veins.
Samples were analyzed at ALS Global using Aqua regia digestion and an ICP-MS finish, with standard QA/QC protocols managed by the laboratory. The company plans to conduct a DCIP geophysical survey to characterize subsurface sulfides, which will inform target selection for its inaugural drilling program at Kennedy.
Silver47 Exploration Corp. (AGA) released soil survey results at its Kennedy project, an expected incremental step in the exploration pipeline that validates the site's prospectivity ahead of the planned inaugural drill program. The findings support the company's characterization of the area as a highly prospective, underexplored district, though they do not constitute a resource definition or a material financial event.
This update does not alter the strategic narrative, which is currently dominated by the pending merger with Bunker Hill Mining Corp., with a vote scheduled for October 27, 2026. Given the proximity to the merger vote and the routine nature of geochemical surveys in early-stage exploration, the market impact is expected to be limited and positive.
Silver47 Exploration Corp. is a U.S.-focused silver and critical minerals exploration company with a portfolio of projects in Nevada, Alaska, and New Mexico. Its flagship Red Mountain Project in Alaska hosts an inferred resource of 168.6 million ounces AgEq at 336 g/t AgEq, with recent drilling highlighting massive sulfide intervals and high-grade VMS mineralization.
In Nevada, the Hughes Project features high-grade silver-gold veins, including an intercept of 1,450 g/t AgEq over 3.0 m, alongside historic Belmont tailings containing a 1.8 moz Ag inferred resource. The company also holds the Kennedy Project, a 6,150-acre gold-silver property with historic high-grade vein systems and new disseminated targets. Additionally, the Mogollon Project in New Mexico holds an inferred resource of 32.1 moz AgEq, targeting depth extensions of historic silver-gold veins.
Strategically, Bunker Hill Mining Corp. agreed to acquire Silver47 in an all-share transaction, creating "Bunker Hill Silver Corp." with a pro forma market cap target of ~$326M. The combined entity will merge Bunker Hill's operational Idaho mine with Silver47's exploration portfolio.