Mr. Galen McNamara reports
SILVER47 TRIPLES THE SIZE OF THE KENNEDY GOLD-SILVER PROJECT IN NEVADA BY STAKING 4,150 ADDITIONAL ACRES TARGETING HIGH-GRADE VEINS
Silver47 Exploration Corp. has acquired an additional 4,150 acres of mineral claims at the high-grade, gold-silver Kennedy project, Nevada, via claim staking.
Highlights:
- Major expansion in Nevada's Kennedy district: Silver47 has tripled the size of the Kennedy project to 6,150 acres by staking approximately 4,150 additional acres and consolidating substantial ground in this underexplored historic gold-silver district.
- Low-cost, royalty-free project growth: The expansion was achieved through low-cost claim staking with no NSR (net smelter return) royalty delivering 100-per-cent-owned ground.
- Untapped discovery potential: The project now covers at least 15 kilometres of largely unexplored veins plus potential bulk-tonnage gold-silver mineralization, building on exceptional surface samples and historic production grades reaching 15.5 grams per tonne Au (gold) and 311 g/t Ag (silver).
- Comprehensive exploration program under way: A multidisciplinary field program, including geological mapping, rock chip sampling, soil geochemical surveys and drone-based geophysics, is under way aimed at defining high-priority drill targets.
- Hughes project drill program progress: One hole has been completed and another is in progress along the highly prospective eastern extension of the Tonopah mining district on the Hughes project. Several metre- to multimetre zones of quartz-adularia veins, stockworks and breccias were intersected in the first hole as expected. Assays are pending and drilling continues.
Galen McNamara, chief executive officer, stated: "By tripling the size of the Kennedy project to 6,150 acres through low-cost, royalty-free staking, we have consolidated this historic, underexplored gold-silver district and positioned Silver47 for a major discovery opportunity. Northern Nevada is renowned for historic vein fields that have produced many of the region's largest and most significant mines. We are now targeting extensions of the vein system as well as new high-grade gold-silver targets across the project as we drive to unlock additional shareholder value through measured and systematic discovery."
Kennedy project expansion
Based on results from previous rock sampling and prospecting programs (for example, 21.9 grams per tonne Au and 2,336 g/t Ag from the Borlasca vein and 6.2 g/t Au and 3,037 g/t Ag from the Fourth of July vein, see April 24, 2025, and Sept. 4, 2025, news releases) and compilation of historical exploration data an additional approximately 4,150 acres of unpatented mining claims were acquired at the Kennedy project through staking. The strategic claims cover prospective open ground around the Kennedy district. The project now consists of 301 unpatented mining claims for approximately 6,150 acres located in Pershing county, Nevada, 75 kilometres south of Winnemucca. Priority exploration targets at the Kennedy project consist of high-grade sheeted veins as well as bulk tonnage disseminated and/or stockwork hosted gold-silver mineralization.
The Kennedy project covers over 15 km of known veins and vein-systems traceable at surface. Most of historic mining in the Kennedy district was reportedly from the Gold Note mine which was centred on a series of high-angle northwest-striking veins traced for over 350 m along strike. Historic mining at Gold Note focused on near-surface (less than 40 metres) oxide mineralization. Deeper secondary sulphide mineralization remains unmined. Mine grades were reportedly as high as 15.5 g/t Au with 311 g/t Ag.
Highlights from previous rock sample program (see Sept. 4, 2025, news release):
- 21.9 g/t Au, 2,336 g/t Ag, 8.56 per cent Cu (Borlasca vein);
- 6.2 g/t Au, 3,037 g/t Ag (Fourth of July vein);
- 40.4 g/t Au, 232 g/t Ag (Gold Note vein);
- 39.4 g/t Au, 370 g/t Ag (Cricket vein);
- 12.7 g/t Au, 305 g/t Ag (Accident vein);
- 15.9 g/t Au, 323 g/t Ag (Coyote vein);
- 19.5 g/t Au, 273 g/t Ag (Danneburg vein);
- 30.4 g/t Au, 148 g/t Ag (Imperial vein);
- 3.1 g/t Au, 583 g/t Ag (Trail/Senator vein);
- 44.5 g/t Au (Hidden Treasure vein).
Next steps
The mineralized corridors across the Kennedy project and their potential extensions across the newly staked claims have not yet seen any systematic modern exploration. A multidisciplinary program consisting of geological mapping and prospecting, drone-based geophysics (magnetics), induced polarization geophysics, and soil and rock geochemical surveys is continuing. These data will be used to refine priority drill targets.
Qualified person
The technical and scientific content of this news release has been reviewed and approved by Galen McNamara, PGeo, the chief executive officer of the company and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
About Silver47 Exploration Corp.
Silver47 Exploration is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The company is creating a leading high-grade United States-focused silver developer with a combined resource totalling 236 Moz (million ounces) AgEq (silver equivalent) at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions.
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