Silver47's desired growth in ounces will not only come from new...

@TheLastDegree
Gold Ventures 🟡@TheLastDegree
21 views Dec 05, 2024 ~2 min read
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Silver47's desired growth in ounces will not only come from new discoveries

The 169Moz AgEq from their 2 deposits can easily get lifted through infill drilling

Assays are in from a small program proving just that

$AGA.V
@Silver47co
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@TheLastDegree
Gold Ventures 🟡@TheLastDegree
@Silver47co Silver47's goal is to grow their resource to 500-900Moz AgEq through discovery

Given the amount of exploration targets -most of which never saw drilling-, it might turn out this wasn't such an ambitious goal
Interestingly, they're already way undervalued as it stands today

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@Silver47co The Red Mountain project used to be part of an ASX-listed company

so instead of an NI43-101, this project had a JORC resource
Which showed 270M AgEq ounces🧐
Meaning they lost a little over 100Moz because of the conversion to Canadian standards, requiring shorter spacings

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@Silver47co Though Silver47 will drill for new discoveries soon,

the results of this infill drill program shows that they can easily add a lot of ounces just by drilling their West Tundra Flats & Dry Creek deposits

Situated 2.7km apart, exhibiting great precious & base metals results

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@Silver47co At Dry Creek they drilled (AgEq):

-24.5m of 486.3 g/t➡️incl 2.5m of 2,938.5 g/t, consisting of high grade Silver (249.5g/t), Gold (14.95g/t), zinc (21.97%) & lead (7.03%)

-22.3m of 601 g/t
-15.2m of 545 g/t

Long widths of high grade mineralisation + near surface☝️
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@Silver47co The West Tundra Flats deposit doesn't seem to have any problems living up to its potential either

Here they drilled

-22.0m of 177.1 g/t incl. 2.9m of 1,078.8 g/t

-4.4m of 656.2 g/t

Both again hit at shallow depths, with Silver being most dominant contributor

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@Silver47co The company is already preparing a discovery drill programs along their 60km (!) trend

Field teams collected rock samples on 3 high priority targets

All 3 returned high grades of Ag, Au, Zn, Pb, Cu & Sb

Assays include 1,959 g/t, 1,269 g/t & 1,590 g/t AgEq

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@Silver47co So high odds of a high grade drill discovery

+ Substancial future growth to the resource through drilling the known deposits

These should already back the valuation, but here we are trading at US$0.09/oz😂

A complete value mismatch, only & briefly seen in new juniors
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@Silver47co If you enjoyed this thread,
RT the tweet below to share this thread with your audience

Cheers, GV

/end
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