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The latest update is out from Silver47 Exploration Corp ( (TSE:AGA) ).
Silver47 Exploration Corp. has begun metallurgical test work on the historic Belmont tailings deposit at its Hughes property in Nevada, following the completion of a 21-hole auger drilling program to collect fresh, representative samples across the impoundment. The tailings host an inferred resource of 1.8 million ounces of silver and 11,000 ounces of gold at surface, positioning them as a potentially important, low-disturbance source of silver and gold on private land.
The new laboratory program will test various cyanide leach and carbon-in-leach configurations to determine recovery rates and process efficiency, building on prior diagnostic work that indicated most of the contained silver and a majority of the gold are readily cyanide-soluble. Management says the initiative could provide a near-term, low-cost production opportunity, rehabilitate a legacy site, and add meaningful value alongside ongoing exploration, potentially making this a transformative year for the company if results support a full feasibility assessment.
More about Silver47 Exploration Corp
Silver47 Exploration Corp. is a Vancouver-based mineral exploration company focused on silver and gold projects, with a key asset at the Hughes property in Nevada. The company is targeting both conventional high-grade exploration and the reprocessing of historic mine tailings on privately held patented claims, aiming to unlock low-cost, near-surface metal resources.
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Technical Sentiment Signal: Sell
For detailed information about AGA stock, go to TipRanks’ Stock Analysis page.