Silver47 Identifies Critical Minerals Antimony and Gallium Potential in Addition to the High-Grade Silver-Gold-Zinc at the Red Mountain Project, Alaska
Silver47 Exploration Corp. (TSXV: AGA) has discovered significant concentrations of critical minerals at its Red Mountain Project in Alaska. The company identified elevated levels of antimony, gallium, niobium, and vanadium within the Dry Creek and West Tundra Flats resource zones.
Key findings include antimony concentrations up to 6,230 ppm (0.623%) and gallium levels up to 116.4 ppm at the Dry Creek zone. Notable drill results from hole DC18-77 showed 6.8 metres containing 2,928.4 ppm antimony, 81.7 ppm gallium, 938.7 g/t silver, 1.5 g/t gold, and significant base metals.
These critical minerals are found within previously reported high-grade silver-zinc-gold-lead-copper massive sulfides. The discovery is particularly significant as China controls 98.8% of global refined gallium supply, while China and Russia together dominate 70% of world antimony supply.
Silver47 Exploration Corp. (TSXV: AGA) ha scoperto concentrazioni significative di minerali critici nel suo progetto Red Mountain in Alaska. L'azienda ha identificato livelli elevati di antimonio, gallio, niobio e vanadio all'interno delle zone di risorse Dry Creek e West Tundra Flats.
I risultati chiave includono concentrazioni di antimonio fino a 6.230 ppm (0,623%) e livelli di gallio fino a 116,4 ppm nella zona di Dry Creek. Risultati notevoli da un foro di perforazione DC18-77 hanno mostrato 6,8 metri contenenti 2.928,4 ppm di antimonio, 81,7 ppm di gallio, 938,7 g/t di argento, 1,5 g/t di oro e significativi metalli di base.
Questi minerali critici si trovano all'interno di solfuri massivi ad alta legge di argento, zinco, oro, piombo e rame già segnalati. La scoperta è particolarmente significativa poiché la Cina controlla il 98,8% dell'offerta globale di gallio raffinato, mentre la Cina e la Russia insieme dominano il 70% dell'offerta mondiale di antimonio.
Silver47 Exploration Corp. (TSXV: AGA) ha descubierto concentraciones significativas de minerales críticos en su proyecto Red Mountain en Alaska. La empresa identificó niveles elevados de antimonio, galio, niobio y vanadio dentro de las zonas de recursos Dry Creek y West Tundra Flats.
Los hallazgos clave incluyen concentraciones de antimonio de hasta 6.230 ppm (0,623%) y niveles de galio de hasta 116,4 ppm en la zona de Dry Creek. Resultados destacados de la perforación del pozo DC18-77 mostraron 6,8 metros que contenían 2.928,4 ppm de antimonio, 81,7 ppm de galio, 938,7 g/t de plata, 1,5 g/t de oro y metales base significativos.
Estos minerales críticos se encuentran dentro de los sulfuros masivos de alta ley de plata, zinc, oro, plomo y cobre previamente reportados. El descubrimiento es particularmente significativo ya que China controla el 98,8% del suministro global de galio refinado, mientras que China y Rusia dominan juntas el 70% del suministro mundial de antimonio.
Silver47 Exploration Corp. (TSXV: AGA)는 알래스카의 Red Mountain 프로젝트에서 중요한 광물의 상당한 농도를 발견했습니다. 이 회사는 Dry Creek 및 West Tundra Flats 자원 구역 내에서 안티모니, 갈륨, 니오븀 및 바나듐의 높은 수준을 확인했습니다.
주요 발견 사항으로는 Dry Creek 구역에서 안티모니 농도가 최대 6,230 ppm (0.623%)에 이르고, 갈륨 수준이 최대 116.4 ppm에 도달했습니다. DC18-77 구멍에서의 주목할 만한 시추 결과는 6.8미터에서 2,928.4 ppm의 안티모니, 81.7 ppm의 갈륨, 938.7 g/t의 은, 1.5 g/t의 금 및 상당한 기초 금속이 포함되어 있음을 보여주었습니다.
이러한 중요한 광물은 이전에 보고된 고등급 은-아연-금-납-구리 대규모 황화물 내에 존재합니다. 이 발견은 중국이 전 세계 정제된 갈륨 공급의 98.8%를 통제하고 있으며, 중국과 러시아가 함께 세계 안티모니 공급의 70%를 지배하고 있다는 점에서 특히 중요합니다.
Silver47 Exploration Corp. (TSXV: AGA) a découvert des concentrations significatives de minéraux critiques dans son projet Red Mountain en Alaska. L'entreprise a identifié des niveaux élevés d'
Les principales découvertes incluent des concentrations d'antimoine allant jusqu'à 6 230 ppm (0,623 %) et des niveaux de gallium atteignant 116,4 ppm dans la zone Dry Creek. Des résultats de forage notables du trou DC18-77 ont montré 6,8 mètres contenant 2 928,4 ppm d'antimoine, 81,7 ppm de gallium, 938,7 g/t d'argent, 1,5 g/t d'or et des métaux de base significatifs.
Ces minéraux critiques se trouvent au sein de sulfures massifs de haute teneur en argent, zinc, or, plomb et cuivre déjà signalés. La découverte est particulièrement significative car la Chine contrôle 98,8 % de l'offre mondiale de gallium raffiné, tandis que la Chine et la Russie dominent ensemble 70 % de l'offre mondiale d'antimoine.
Silver47 Exploration Corp. (TSXV: AGA) hat bedeutende Konzentrationen kritischer Mineralien in seinem Red Mountain Projekt in Alaska entdeckt. Das Unternehmen identifizierte erhöhte Gehalte an Antimon, Gallium, Niob und Vanadium in den Ressourcenzonen Dry Creek und West Tundra Flats.
Wesentliche Ergebnisse umfassen Antimonkonzentrationen von bis zu 6.230 ppm (0,623%) und Galliumgehalte von bis zu 116,4 ppm in der Dry Creek Zone. Bemerkenswerte Bohrergebnisse aus der Bohrung DC18-77 zeigten 6,8 Meter mit 2.928,4 ppm Antimon, 81,7 ppm Gallium, 938,7 g/t Silber, 1,5 g/t Gold und signifikanten Basismetallen.
Diese kritischen Mineralien befinden sich innerhalb zuvor berichteter hochgradiger Silber-Zink-Gold-Blei-Kupfer-Massivsulfide. Die Entdeckung ist besonders bedeutend, da China 98,8% des globalen Angebots an raffiniertem Gallium kontrolliert, während China und Russland zusammen 70% des weltweiten Angebots an Antimon dominieren.
- Discovery of critical minerals (antimony, gallium) adds potential value to existing resource
- High-grade drill results: 4.3m of 4,432.2 ppm antimony, 96.7 ppm gallium, 1434.8 g/t silver
- Strategic advantage in critical minerals market dominated by China and Russia
- None.
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2025) - Silver47 Exploration Corp. (TSXV: AGA) ("Silver47" or the "Company), has identified anomalous concentrations of several elements listed by both the United States and Canada as 'critical metals.' Following the 2024 drill program, a full review of historic and recent drill assays was undertaken with a focus on critical mineral potential. In addition to the high-grade zinc-silver-gold-lead-copper defined in the inferred resource, elevated amounts antimony (Sb), gallium (Ga), niobium (Nb), and vanadium (V) were found to occur within the Dry Creek (DC) and West Tundra Flats (WTF) resource zones.
Highlights
The highest grades of antimony, gallium and vanadium occurs at the Dry Creek zone with up to 6,230 parts per million ("ppm") (
0.623% ) antimony and 116.4 ppm gallium and 1110 ppm vanadiumThe most significant interval drilled at the Dry Creek zone was from hole DC18-77, which returned 6.8 metres of 2,928.4 ppm antimony, 81.7 ppm gallium, 938.7 g/t silver, 1.5 g/t gold,
3.5% zinc,1.7% lead,0.4% copper including;4.3 metres of 4,432.2 ppm antimony, 96.7 ppm gallium, 1434.8 g/t silver, 2.2 g/t gold
4.8% zinc,2.3% lead and0.5% copper
CEO Gary R. Thompson, stated: "The identification of gallium and antimony, among other critical minerals, within the resource zones has the potential to add significant value to our Red Mountain project. While we are focused on growing the silver-gold and base metals resource at Red Mountain, further assessment of these critical minerals, which are used in a myriad of high-tech applications, is planned to better understand the potential contribution that they may have on the project."
High antimony and gallium assay values consistently occur within previously reported intervals of high-grade silver-zinc-gold-lead-copper massive sulfides and are distributed throughout the resources. Niobium and vanadium highs occur primarily in the western portion of Dry Creek.
Figure 1. Red Mountain Project Location.
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Table 1. Select drilled intervals containing high antimony and gallium at the Dry Creek Zone.
| Drill Hole | Interval | Antimony | Gallium | Silver | Gold | Zinc | Lead | Copper |
| ID | (m) | (ppm) | (ppm) | (g/t) | (g/t) | (%) | (%) | % |
| DC24-105 | 14.3 | 725.8 | 57.8 | 222.0 | 1.2 | 8.4 | 3.7 | 0.2 |
| DC24-106 | 24.5 | 114.0 | 35.8 | 55.5 | 2.0 | 4.1 | 1.3 | 0.1 |
| including | 2.5 | 334.0 | 22.1 | 249.5 | 15.0 | 22.0 | 7.0 | 0.4 |
| DC18-76 | 23.6 | 547.5 | 77.4 | 106.9 | 0.6 | 2.7 | 1.1 | 0.1 |
| including | 4.1 | 993.2 | 84.1 | 84.6 | 0.4 | 4.7 | 2.3 | 0.2 |
| DC18-77 | 6.8 | 2,928.4 | 81.7 | 938.7 | 1.5 | 3.5 | 1.7 | 0.4 |
| including | 4.3 | 4,432.2 | 96.7 | 1434.8 | 2.2 | 4.8 | 2.3 | 0.5 |
| DC18-79 | 4.6 | 1,074.0 | 55.9 | 233.3 | 1.8 | 6.4 | 3.4 | 0.2 |
| and | 6.1 | 743.4 | 35.0 | 384.6 | 5.5 | 15.9 | 6.3 | 1.2 |
| including | 4.7 | 868.4 | 29.8 | 466.0 | 6.9 | 19.5 | 7.8 | 1.5 |
Table 2. Select drilled intervals of high antimony and gallium at the West Tundra Flats Zone.
| Drill Hole | Interval | Antimony | Gallium | Silver | Gold | Zinc | Lead | Copper |
| ID | (m) | (ppm) | (ppm) | (g/t) | (g/t) | (%) | (%) | % |
| WT24-33 | 2.90 | 919.6 | 14.5 | 417.4 | 0.7 | 9.1 | 4.8 | 0.1 |
| WTF83-17 | 1.90 | 954.5 | 9.8 | 620.7 | 3.6 | 16.5 | 6.7 | 0.4 |
| WT18-28 | 3.50 | 991.2 | 9.8 | 517.5 | 2.1 | 15.1 | 6.7 | 0.2 |
Notes: Reported intervals in Table 1 and 2 are drilled intervals not true widths.
Alex Walls, P.Geo., Vice President of Exploration, stated: "The high antimony and gallium content within both existing resource zones shows that there is more value to unlock at Red Mountain as we continue drilling to grow the already impressive polymetallic resource."
China is the world's largest producer of many critical minerals and has recently imposed a ban on the export of gallium, antimony, and other essential materials, further straining global supply chains. Critical minerals are vital to the economies of Canada and the U.S. and have now become a matter of national security, shedding light on the vulnerabilities within our supply chains. According to consultancy Project Blue, China controls
Gallium is used in a variety of high-tech and energy-efficient applications, including AI technologies, data centers, light-emitting diodes (LEDs), magnet manufacturing, semiconductors, microchips, clean energy solutions, consumer electronics, communications, and thin-film solar technologies.
Antimony plays a critical role in several military and industrial applications, such as fire-retardant materials, ammunition, night vision goggles, nuclear weapons, anti-tank missiles, and armor-piercing bullets. It is also essential in the production of infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, tritium production, flares, military clothing, and communication equipment. Additionally, antimony is crucial in the creation of tungsten steel and the hardening of lead bullets.
About the Red Mountain VMS-SEDEX Project - Alaska, USA
Silver47's flagship Red Mountain property covers 633 square kilometres of Alaska State-managed land 100 kilometres south of Fairbanks, Alaska. The project is well situated for infrastructure, 30 kilometres east of the community of Healy which has power, rail and state highway access to Alaska Route 3, providing a valuable connection to the port of Anchorage and tide water. The Company has an approved permit to conduct advanced exploration across the project.
Red Mountain hosts a NI 43-101 inferred mineral resource estimate of 15.6 Mt at
For more information, see the Red Mountain NI 43-101 technical report titled "Technical Report on the Red Mountain VMS Property, Bonnifield Mining District, Alaska, USA" dated January 12, 2024, prepared by Apex Geoscience Ltd., can be found on the Company's website https://silver47.ca/ and SEDAR+.
Quality Assurance and Quality Control
Quality assurance and quality control (QAQC) protocols for drill core sampling at Red Mountain project followed industry standard practices. Core samples were typically taken at 1.0 metre intervals in mineralized zones, and 3.0 metre intervals outside of mineralized zones. Sample lengths were adjusted as necessary so as not to cross lithologic and mineralogic boundaries. QAQC check samples were inserted into the sample stream with one blank, one duplicate (coarse), and one certified reference material (CRM) occurring within every 20 samples. Drill core was cut in half, bagged, sealed and delivered directly to ALS Minerals Fairbanks, Alaska for transport to the ALS Minerals Laboratories labs in North Vancouver, British Columbia. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Core samples were analyzed at ALS Laboratory facilities in North Vancouver using four-acid digestion with an ICP-MS finish. Gold analysis was by fire assay with atomic absorption finish, or gravimetric finish for over-limit samples. Over-limits for silver, zinc, copper, and lead were analyzed using Ore Grade four-acid digestion. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization.
Qualified Person
Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for the Company who is a "qualified person" as defined by National Instrument 43-101. Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the technical information and has approved the technical information in this press release.
About Silver47 Exploration Corp.
Silver47 wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US: the Flagship Red Mountain silver-gold-zinc-copper-lead VMS-SEDEX project in southcentral Alaska; the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in southern British Columbia, and the Michelle silver-lead-zinc-gallium-antimony MVT-SEDEX Project in Yukon Territory. Silver47 Exploration Corporation shares trade on the TSX-V under the ticker symbol AGA. For more information about Silver47, please visit our website at www.silver47.ca.
On Behalf of the Board of Directors
Mr. Gary R. Thompson
Director and CEO
gthompson@silver47.ca
For investor relations
Meredith Eades
info@silver47.ca
778.835.2547
No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, including statements relating to the trading of the Company's common shares on the TSXV, the prospective geology and composition of its properties, anticipated results of further exploration on its properties, statements relating to the YESAB litigation, or other similar expressions and all statements, other than statements of historical fact included herein. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; the satisfaction of the conditions imposed by the TSXV on the Listing; operational risks associated with mineral exploration; regulatory risks; fluctuations in commodity prices; title matters; litigation risks; and the additional risks identified in the Company's long form prospectus dated October 25, 2024 filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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FAQ
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