Silver47 Announces Trading on the TSX-V  and Provides Project Summaries

Silver47 Announces Trading on the TSX-V and Provides Project Summaries

 

Silver47 Exploration Corp. (TSXV: AGA) ("Silver47" or the "Company), is pleased to announce that its common shares will begin trading on the TSX Venture Exchange (the "TSXV") effective at the open of trading today.

 

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.‎

 

"We are thrilled to announce that Silver47 will commence trading on the TSX-Venture Exchange at a time when silver prices are surging and the market demand for this precious metal is approaching an all-time high," commented Gary Thompson, CEO. "Our flagship Red Mountain project in Alaska represents an exceptional opportunity for investors to gain exposure to a promising silver-rich deposit that has the potential to become a world-class mine. Our experienced team aims to rapidly advance this high-quality asset to create substantial value for our shareholders by unlocking the full potential of Red Mountain and our portfolio of projects."

 

Red Mountain, VMS-SEDEX Project - Alaska, USA

 

The flagship Red Mountain VMS-SEDEX project is located approximately 100 kilometers (km) south of Fairbanks, Alaska, in the Bonnifield Mining District. Silver47 wholly-owns 942 Alaska State Mining Claims and one Upland Mining Lease covering approximately 633 square kilometers of Alaska State-managed land. The Red Mountain Project is well situated for infrastructure, 30km east of the community of Healy which has power, rail and state highway access to Alaska Route 3, providing a valuable connection to Anchorage and tide water. Silver47 has an approved Application for Permits to Mine in Alaska ("APMA"), valid until ‎December 31, 2026. The APMA allows advanced exploration activities, including drilling, across ‎the property.‎

 

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Figure 1: Red Mountain Project Location

 

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Red Mountain Highlights

 
  • The Red Mountain Project hosts a 2024 NI 43-101 inferred mineral resource estimate of 15.6Mt at 335.7 g/t AgEq or 1Mt of ZnEq at 7% ZnEq comprised of two resource zones, Dry Creek and West Tundra Flats

  •  
  • DC18-79: 6 m of 2155 g/t AgEq (409 g/t Ag, 5.38 g/t Au, 1.21% Cu, 23.3% Zn+Pb)

  •  
  • DC18-77: 5 m of 1719 g/t AgEq (1213 g/t Ag, 1.87 g/t Au, 0.4% Cu, 6.0% Zn+Pb)

  •  
  •  

    DC98-40: 36 m of 672 g/t AgEq (183 g/t Ag, 1.02 g/t Au, 0.22% Cu, 8.54% Zn+Pb)

     
    • Incl. 3 m of 3123 g/t AgEq (738.2 g/t Ag, 3.29 g/t Au, 1.47% Cu, 44% Zn+Pb)

  •  
  • WTF82-08: 7.3 m of 619 AgEq (334.8 g/t Ag, 0.5 g/t Au, 5.4% Zn+Pb)

  •  
  • WTF18-28: 3.5 m of 1654 g/t AgEq (517.5 g/t Ag, 2.05 g/t Au, 0.2% Cu, 21.6% Zn+Pb)

  •  

Table 1: Red Mountain NI 43-101 Resource Summary, 2024‎

 
                                                                
Combined Open-Pit and Underground Mineral Resource Estimate
Mineral Resource Area Rock
Mt  
 ZnEq
kt  
 ZnEq
% 
 AgEq
Moz 
 AgEq
g/t 
 Zn
kt 
 Zn
% 
 Pb
kt 
 Pb
% 
 Cu
kt 
 Cu
% 
 Ag
Moz 
 Ag
g/t 
 Au
Koz 
 Au
g/t 
Dry Creek11.66765.84104279.43462.991301.13230.217.5471280.34
West Tundra Flats442010.3964.6496.91864.6862.1330.0818.4141.2860.66
Global15.61,0977.02168.6335.75323.412161.39260.1735.971.42140.43
 

 

 

Notes:

 
  • Mt=million tonnes; g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead
  •  
  • Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and
  •  
  • Metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au.
  •  
  • Zinc Equivalent (ZnEq %) = [Zn (%) x 1] + [Pb (%) x 0.6364] + [Cu (%) x 2.4889] + [Ag (ppm) x 0.0209] + [Au (ppm) x 1.923]
  •  
  • Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]
  •  

Technical Summary

 

The Red Mountain Project was first discovered in 1975, with exploration resulting in two deposits ‎called Dry Creek (DC) and West Tundra Flats (WTF). ‎The mineralization within the two resource zones are typical of a Volcanogenic Massive Sulfide (VMS) with a siliciclastic felsic association. The mineralization occurs within the upper portions of the Totatlanika Schist of Mississippian to Devonian Age. The Totlanika Schist forms the core of a roughly east-west trending syncline within the property (the Bonnifield East Syncline). The DC mineralized horizons can be traced for 4,500m of strike, and steeply dips to the north. Mineralization occurs as semi-massive to massive sulfides within metamorphosed mudstones and rhyolites. WTF is located approximately 3.5-5 km northeast of DC on the opposing limb of the syncline. Mineralization at WTF can be traced at surface for 1,000m and dips shallowly to the southwest.

 

Table 2: Select Drill Intercepts at Dry Creek (DC) and West Tundra Flats (WTF).

 
                                                                                                         
Drill Hole WidthSilverGoldCopperLead+ZincAgEq
ID(meter)(g/t)(g/t)%%(g/t)
DC98-389.00268.601.150.157.80725
DC98-4036.10183.001.020.228.54672
Including3.00738.203.291.4743.993123
DC18-776.80938.701.450.365.201333
DC18-794.60233.301.750.169.73820
and6.10384.605.501.2322.201988
Including4.70466.006.911.4527.202442
WTF82-087.30334.800.540.075.42619
Including1.801313.101.850.2717.742248
WTF82-141.80240.202.140.1012.50984
WTF83-171.90620.703.580.0023.211945
Including1.30871.605.060.5131.932760
WTF18-283.50517.502.050.2021.601654
 

 

 

Assays are weighted averages and the intervals are drilled widths as true widths have yet to be ‎determined.‎

 

A total of 213 holes for 38,417m have been drilled since 1976 by numerous operators including ‎Phelps Dodge, Getty Oil, US Borax, Grayd Resources, Bear Creek Mining, Inmet Mining and ‎most recently, Whiterock Minerals, prior to Silver47 ownership.‎

 

DC and WTF are the two most advanced mineralized zones at Red Mountain, with at least 20 additional mineralized prospects discovered on the property to date over the 60 km of highly prospective geology. Silver47 has a robust database of historic geochemical and geophysical data, including 2,543 rock samples and 7,948 soil samples, 15,862 XRF soil samples, property-scale SkyTEM surveys and high-resolution FLEM, CSAMT and ground magnetic survey coverage over high-priority targets.

 

During the summer of 2024, Silver47 drilled six holes for a total of 1,039m at Red Mountain to ‎confirm historic intercepts, infill and expansion potential at both DC and WTF, including one hole ‎to 283m depth testing the Kiwi exploration target. A small surface geochemical sampling ‎program was completed concurrent with drill operations for a total of 228 soils and 21 rocks from ‎Galleon, Horseshoe and Kiwi targets.‎

 

Assay results from the 2024 exploration program are pending.

 

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+. The Red Mountain technical report includes a Mineral Resource Estimate at Part 14.

 

Adams Plateau SEDEX/VMS Project - British Columbia, Canada

 

The Adams Plateau Project is located in the Kamloops Mining Division and is 70 km northeast of the city of Kamloops, BC. Silver47 wholly-owns 48 contiguous mineral titles covering approximately 149 square km. Mineralization was first identified in the area in 1925, resulting in more than 25 MINFILE showings, including small-scale past production of lead, zinc, and silver at the Lucky, Spar and Mosquito King Showings.

 

Historic Drill Highlights, Adams Plateau

 
  • 3.66m of 180.4 g/t Ag, 8.1% Pb+Zn at the Lucky Showing

  •  
  • 4.88m of 348.35 g/t Ag, 0.72 g/t Au, 27.3% Pb+Zn, 0.23% Cu at the Spar Showing

  •  

Modern exploration has consisted of surface geochemical sampling and various geophysical surveys. ‎Silver47 carried out surface sampling programs in 2022 and 2024, producing numerous new ‎targets for follow up exploration. A total of 16,947 soil, 694 rock and 146 silt samples have been ‎collected over the project. Silver47 collected surface rock grab samples that have returned up to ‎‎3503 g/t Ag, 7% Cu, 6.5 g/t Au and 29% Pb+Zn.‎

 

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Figure 2: Soil Geochemical Results for Silver with Rock Sample Highlights

 

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Michelle Project, MVT-SEDEX Project - Yukon Territory, Canada

 

The 15,900 hectare Michelle Project is located in north-central Yukon, 130 km north-northeast of Dawson City, Yukon. In 2022, Silver47 confirmed a new and significant silver discovery at the Michelle Project:

 
  • ‎7.68 m of 1,577 g/t Ag, 45% Pb, 4% Zn within 15 m of 907 g/t Ag, 26% Pb, 2.7% Zn in hole ‎MCH22-002 at the Silver Matt Target. ‎

  •  
  • Surface samples at the Silver Matt Showing have returned up to 4180 g/t Ag, 82% Pb.‎

  •  

First discovered in 1973, exploration at the Michelle Project has identified 20 named showings with limited drilling defining 3 mineralized zones. Silver, lead, zinc and a number of critical metals are known to occur within oxide and sulfide mineralization of the Bouvette Formation carbonates across the property. Mineralization style is yet to be defined, with showings exhibiting characteristics of Mississippi Valley Type, Carbonate replacement, within the broader classification of SEDEX deposits.

 

In 2021, Silver47 discovered the Silver Matt showing with reverse calculations drilling intersecting several meters of oxide and massive sulfide mineralization. In 2022 a diamond core drill was mobilized to further test the Silver Matt prospect, MCH-22-002 intersected 7.68 m of 1,577 g/t Ag, 45.28% Pb, 4.03% Zn and 0.17% Sb. Holes MCH-22-004 and -005 confirmed continuous mineralization at least 50 m along strike.

 

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Figure 3: Silver Matt Cross-Section

 

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Table 3: Assay Intervals for the Silver Matt Discovery

 
                                                                                                                                                                                    
Hole IDFrom (m)To (m)Interval (m)Ag (ppm)Pb (%)Zn (%)Cu (ppm)Ga (ppm)Sb (ppm)
MCH-22-00116.9127.1010.19246.315.713.54526.8298.62976.62
incl21.6526.054.40497.0011.133.871035.50190.272129.50
and64.6267.893.2764.970.520.4445.774.825.17







 


MCH-22-00233.7949.0015.21907.1126.032.72117.2417.101011.99
incl33.7941.477.681577.5045.284.03201.5028.961748.75








 

MCH-22-00322.6032.009.40270.927.954.35125.3726.79491.23
incl27.0031.054.05640.3016.557.06190.0041.26880.25
Not Previoulsy Released
Hole IDFrom (m)To (m)Interval (m)Ag (ppm)Pb (%)Zn (%)Cu (ppm)Ga (ppm)Sb (ppm)
MCH-22-00426.8048.3421.54172.423.117.0865.9319.44340.59
incl31.3239.197.87199.875.9718.60121.9348.76896.92
incl44.1248.344.22232.624.452.3084.2011.50213.62






 



MCH-22-00527.2039.5012.30623.8712.953.75354.6166.07657.95
incl33.3238.535.211282.8026.346.55734.60136.341343.40
and49.8879.0029.122.770.106.8054.272.3811.69
 

 

 

Assays are weighted averages and the intervals are drilled widths as true widths have yet to be determined.

 

The Michelle Project is considered an early-stage exploration project, with further exploration recommended pending a class 3 permit. However, during the class 3 drill permit review process by the Yukon territorial government, the federal Yukon Environmental and Socio-economic Assessment Board's ("YESAB") recommended the project not proceed based on environmental and Indigenous group concerns. Both the Yukon Government and Silver47 are jointly challenging the YESAB recommendation for a variety of reasons, e.g. First Nation and government bodies all agreed to honour existing mineral claims, and YESAB improperly applied wrong criteria on Silver47's exploration proposals. The legal challenge will take the form of a judicial review in Yukon Supreme Court, and will be heard in Whitehorse on November 27-29, 2024. Indicative of the Yukon Government concern, it is taking the extraordinary position that Silver47 was treated unfairly by YESAB.

 

Michelle QA/QC

 

Quality Assurance and quality control protocols for rock, soil and drill core sampling at the Michelle Project followed industry standard practices. Rock and soil samples were delivered directly to ALS Minerals preparation facility in Whitehorse, Yukon. Core samples were taken at 1.0 m intervals in mineralized zones, and 3.0 m intervals in unaltered, fresh host rock. Blank, duplicate (Coarse and lab pulp), and certified reference materials were inserted into the sample stream every 8th sample. Core samples were cut in half, bagged, sealed and delivered to ALS Minerals preparation facility in Whitehorse, Yukon. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Rock and core samples were analyzed at ALS Laboratory facilities in North Vancouver using four-acid digestion with an ICP-MS finish. Over-limits for Ag, Pb, and Zn were analyzed using Ore Grade four-acid digestion. Silver values >1,500 ppm were analyzed using fire assay with gravimetric finish. Lead >20% and zinc >30% were analyzed using titration methods. 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
info@silver47.ca
403-870-1155

 

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.‎

 

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229897

 

 

 

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Advancing a premier high-grade US silver portfolio

Silver47 Exploration Launches Drilling to Expand Silver-Rich VMS Deposits at Red Mountain, Alaska

Silver47 Exploration Launches Drilling to Expand Silver-Rich VMS Deposits at Red Mountain, Alaska

Fully-Funded 4,000 Meter Program with Planned Upsize to Boost High-Grade Silver and Critical Minerals

Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the commencement of a fully-funded drill program at Silver47's wholly-owned Red Mountain VMS Project in south-central Alaska.

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Silver47 and Summa Silver Announce Closing of $6.9 Million Brokered Financing, Including Full Exercise of the Over-Allotment Option

Silver47 and Summa Silver Announce Closing of $6.9 Million Brokered Financing, Including Full Exercise of the Over-Allotment Option

Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) ("Silver47") and Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) ("Summa") (together, the "Companies") are pleased to announce the closing of the previously announced brokered offering ("Offering") of subscription receipts of Summa (the "Subscription Receipts") at a price of $0.25 per Subscription Receipt for aggregate gross proceeds of $6,900,000, including the full exercise of the over-allotment option.

The Offering was led by Research Capital Corporation ("RCC"), as co-lead agent and sole bookrunner, and together with Haywood Securities Inc., as co-lead agent, on behalf of a syndicate of agents, including Eventus Capital Corp. (collectively, the "Agents").

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Silver47 Announces Graduation to Tier 1 Status on the TSX Venture Exchange

Silver47 Announces Graduation to Tier 1 Status on the TSX Venture Exchange

Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the "TSXV") effective May 23, 2025.

The TSXV classifies issuers into different tiers based on various factors, including financial performance, stage of development, and available resources. Tier 1 is the TSXV's highest designation and is reserved for more advanced companies with significant financial resources. This upgrade signifies Silver47's continued growth and its commitment to providing long-term value for its shareholders.

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Silver47 Announces Its Final Closing of $9.8 Million Non-Brokered Private Placement

Silver47 Announces Its Final Closing of $9.8 Million Non-Brokered Private Placement

Not for distribution to United States Newswire Services or for dissemination in the United States

Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the completion of its previously announced non-brokered private placement (the "Private Placement"), raising gross proceeds from the fourth tranche of $1,800,000 through the issuance of 3,600,000 (the "Units") at a price of $0.50 per Unit. The Company issued an aggregate of (i) 18,538,400 Units and (ii) 929,192 flow-through units of the Company (the "FT Units") at a price of $0.57 each, for aggregate gross proceeds to the Company of approximately $9.8 million under the Private Placement.

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Silver47 Announces Closing of Third Tranche and Upsize of Non-Brokered Private Placement from $8 Million to $11 Million

Silver47 Announces Closing of Third Tranche and Upsize of Non-Brokered Private Placement from $8 Million to $11 Million

Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that, due to strong investor demand, it has increased the size of its previously announced non-brokered private placement (the "Private Placement") from $8 million to $11 million (the "Upsize"). The Company also intends to complete the third tranche (the "Third Tranche") of the Private Placement on March 21, 2025. The closing of the Third Tranche, along with the Upsize, will be completed as part of the same financing, as set out in the Company's news releases dated February 19 and 24, 2025.

Pursuant to the Third Tranche, the Company will issue approximately 3,871,000 units at a price of $0.50 each, for gross proceeds of approximately $1,935,500. Completion of the Third Tranche will result in the Company having issued an aggregate of 14,938,400 units and 929,192 flow-through units (at a price of $0.57 per flow-through unit) for aggregate proceeds under the Private Placement of $7,998,839.

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Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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Juggernaut Closes $1,100,000 from Institutions and Accredited Investors

Juggernaut Closes $1,100,000 from Institutions and Accredited Investors

 

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 8, 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its June 4, June 12, and June 16, 2025, news releases, the Company is pleased to announce that it has closed its private placement financing (the "Financing") for aggregate gross proceeds of $1,100,000.

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Noble Reports on Canada Nickel's Continued Exploration Success at MacDiarmid, Provides Exploration Update

Noble Reports on Canada Nickel's Continued Exploration Success at MacDiarmid, Provides Exploration Update

 

(TheNewswire)

 
       
  Noble Mineral Exploration Inc. 
                
 

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