Northwire Canada EditionTuesday, July 21, 2026
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AEC 6.58 +9.3% IAU 1.88 +6.2% LOD 0.285 −3.4% FVL 0.970 +6.6% BAG 0.210 +23.5% FMN 0.220 −8.3% OMM 0.050 +0.0% VUL 0.420 +3.7% PNTR 0.320 +8.5% SWA 0.035 +0.0% GEN 0.065 +0.0% PAT 0.355 +0.0% TOM 0.115 +9.5% ALS 58.36 +2.5% LIO 0.145 +3.6% GEMC 0.020 +0.0% AEC 6.58 +9.3% IAU 1.88 +6.2% LOD 0.285 −3.4% FVL 0.970 +6.6% BAG 0.210 +23.5% FMN 0.220 −8.3% OMM 0.050 +0.0% VUL 0.420 +3.7% PNTR 0.320 +8.5% SWA 0.035 +0.0% GEN 0.065 +0.0% PAT 0.355 +0.0% TOM 0.115 +9.5% ALS 58.36 +2.5% LIO 0.145 +3.6% GEMC 0.020 +0.0%
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Silver47 Auger Program Confirms 2.74 Moz Silver Equivalent Tailings Resource at Surface, Hughes Project, Nevada

Silver47 confirms a 2.74 moz silver-equivalent tailings resource at its Hughes Project.

By The Northwire Desk — AI Analysis Jul 21, 2026 · 07:01 AGA · 0.59 Silver47 Exploration Corp.
Executive Summary

Silver47 Exploration Corp. (AGA) announced results from a 21-hole auger drill program at its Hughes Project in Nevada. The program tested the historic Belmont mine tailings pile, confirming continuous silver-gold mineralization from the surface to the base of the tailings.

An inferred mineral resource of 1.8 moz silver and 11 koz gold (2.74 moz AgEq) was defined within approximately 1.26 million tonnes at an average grade of 68 g/t AgEq. Metallurgical testing is ongoing, including agitated cyanide leach and CIL tests to evaluate recovery and process efficiency.

The tailings are located on patented mining claims adjacent to US Highway 6, with established infrastructure nearby. CEO Galen McNamara highlighted confidence in the consistent mineralization and the potential for a low-disturbance source of domestic silver production.

Material Impact

Silver47 Exploration Corp. (AGA) announced the existence of a substantial tailings resource at its Hughes Project, a development that aligns with metallurgical testwork initiated in February 2026. The resource is classified as inferred and requires further metallurgical validation and economic assessment to determine commercial viability. This announcement serves as an expected follow-up to previous exploration updates, providing incremental validation of the tailings project without representing a fundamentally new discovery or a change in the company's strategic direction. Consequently, the news does not materially alter the company's near-term financial outlook or operational timeline.

AGA · Price
Company Overview

Silver47 Exploration Corp. (AGA) is a precious metals exploration company focused on high-grade silver, gold, and critical mineral projects in the United States and Canada. Its flagship projects include the Red Mountain Project in Alaska, a silver-zinc VMS system; the Hughes Project in Nevada, featuring high-grade silver-gold veins and tailings; and the Kennedy Project in Nevada, which contains high-grade gold-silver veins. The company aims to become a leading U.S.-focused silver explorer and developer, leveraging its diversified asset base and strong financial position.

Read the original news release →

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