Silver47 Highlights Expansive High-Grade Gold and Silver System at the Kennedy Project, Nevada

Rhea-AI Summary

Silver47 Exploration (OTCQB: AAGAF) has reported exceptional high-grade gold and silver assay results from its Kennedy Project in Nevada. The sampling program revealed outstanding grades across multiple veins, including 44.5 g/t gold at Hidden Treasure Vein and 3,037 g/t silver at Fourth of July Vein.

The project encompasses a 3 km x 2 km area with approximately 22 km of near-surface veins, largely unexplored by modern methods. Key discoveries include mineralization at multiple sites: Borlasca Vein (21.9 g/t Au, 2,336 g/t Ag, 8.56% Cu), Gold Note Vein (40.4 g/t Au, 232 g/t Ag), and Cricket Vein (39.4 g/t Au, 370 g/t Ag).

The company has expanded its land holdings through additional staking and plans a comprehensive exploration program including geological mapping, geophysics, and geochemical surveys to identify drill targets.

Positive

• Exceptional high-grade assay results with up to 44.5 g/t gold and 3,037 g/t silver across multiple veins
• Large mineralized footprint covering 3 km x 2 km area with 22 km of near-surface veins
• Project acquired through claim staking, making it royalty-free
• Strategic expansion of land holdings through additional 4,000 acres of staking
• Multiple high-grade targets identified across eleven different zones

Negative

• Property remains largely untested by modern exploration methods
• Historical data has not been independently verified by the company
• $250,000 marketing agreement with stock options could lead to share dilution

Samples up to 44.5 g/t Gold, 3,037 g/t Silver, and 8.56% Copper

Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to provide assay results from a recently completed rock sampling program at its high-grade Kennedy gold-silver Project in Nevada (the "Kennedy Project"). Results demonstrate strong prospectivity for high-grade gold and silver mineralization across the under-explored project.

Highlights:

• High-Grade Assay Results: Select rock samples returned exceptional grades, including:
  • 21.9 g/t Au, 2,336 g/t Ag, 8.56% 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)

• Expanded Land Holdings: Silver47 has staked substantial additional land around the mineralized vein system covering all prospective open ground around the Kennedy district, which is not shown on Figure 1.

• Large High-Grade Vein Footprint: Sampling across a 3 km x 2 km area reveals widespread gold and silver mineralization, establishing the Kennedy Project as a high-potential precious metal district in Nevada.

• Undrilled Nevada Vein Field: Approximately 22 km of near-surface veins, largely untouched by modern exploration, present a compelling opportunity for significant discoveries.

• Robust Exploration Program Planned: A multidisciplinary program including geological mapping, rock chip sampling, ground geophysics, and soil-geochemical surveys is panned for this fall to pinpoint high-priority drill targets.

• Red Mountain Project Drill Program Progress: 12 holes have been completed at the Dry Creek and West Tundra Flats deposits where zones of massive, semi-massive and disseminated sulfides have been intersected in step-out and infill holes. Assays are pending and drilling continues.

Galen McNamara, CEO, stated: "Our exploration at the Kennedy Project is revealing high-grade gold and silver targets across a 22 km network of largely untested veins. Having acquired this project by claim staking last year, it is also royalty free. These initial results validate our acquisition strategy and position the district as a unique discovery opportunity in Nevada. Concurrently, drilling at our Red Mountain project in Alaska is progressing well, with drilling intersecting promising massive sulfide zones. We look forward to sharing assay results as they become available to showcase the strength of our American project portfolio."

Figure 1. Plan Map of Kennedy Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/265057_1b4d1a5c54f818c4_002full.jpg

Figure 2 (see attached figure). Disseminated, banded and massive sulfide mineralization featuring pyrite, pyrrhotite, chalcopyrite, sphalerite and galena in hole DC25-110 from the Red Mountain, Alaska. Photo is not intended to be representative of broader mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/265057_1b4d1a5c54f818c4_003full.jpg

Table 1: Rock assay highlights

Sample ID	Zone	Au (g/t)	Ag (g/t)	Type	Easting*	Northing*
351902	Accident	12.7	305	dump	437216	4459227
722881	Accident	8.2	78	dump	437118	4459331
351903	Accident	0.9	107	dump	437215	4459255
722894	Borlasca	3.2	258	dump	436104	4457845
722891	Borlasca	5.3	68	outcrop	436211	4457910
722893	Borlasca	21.9	2,336	dump	436214	4457907
722896	Borlasca	6.3	107	dump	436272	4457827
J486215^	Borlasca	17.2	932	dump	436223	4457904
722875	Cricket	11.3	322	outcrop	437134	4459636
722872	Cricket	32.7	251	dump	437115	4459666
722871	Cricket	39.4	370	dump	437102	4459688
722870	Cricket	34.0	293	dump	437092	4459690
722869	Cricket	14.1	162	subcrop	437081	4459715
722873	Cricket	11.9	148	outcrop	437120	4459659
722868	Cricket	12.1	47	dump	437068	4459735
350137	Cricket	17.7	28	dump	437179	4459515
350134	Cricket	6.8	200	dump	437169	4459546
722878	Danneburg	3.8	326	dump	437281	4460597
350143	Danneburg	19.5	273	dump	437359	4460451
722876	Danneburg	3.1	116	dump	437391	4460431
350141	Danneburg	7.2	41	subcrop	437398	4460443
351908	Fourth of July	6.2	3,037	float	437186	4458978
351909	Fourth of July	9.6	2,360	dump	437176	4458993
722885	Fourth of July	2.6	575	dump	437091	4458997
722886	Fourth of July	11.0	239	dump	437121	4458989
351911	Fourth of July	4.6	315	outcrop	437203	4458947
722883	Fourth of July	4.1	211	dump	437122	4459101
351910	Fourth of July	1.9	454	subcrop	437155	4458999
E923275^	Gold Note	11.1	1,020	dump	435331	4458209
J486223^	Gold Note	20.1	114	dump	435391	4458114
350106	Gold Note	40.4	232	dump	435309	4458224
350101	Gold Note	10.9	724	dump	435319	4458213
350104	Gold Note	0.6	419	dump	435327	4458219
350102	Gold Note	5.0	122	dump	435322	4458215
J486240^	Gold Note	5.4	32	dump	435330	4458222
J486241^	Gold Note	8.4	8	float	435450	4458297
350122	Hidden Treasure	10.7	53	subcrop	435757	4458713
351914	Hidden Treasure	44.5	15	dump	435650	4458845
J486233^	Hidden Treasure	8.6	43	dump	435656	4458844
722889	Hidden Treasure	12.0	53	dump	435609	4458805
722890	Hidden Treasure	27.6	11	float	435668	4458776
722864	Imperial	30.4	148	dump	436355	4459530
350133	Imperial	3.3	226	dump	436325	4459715
350130	Imperial	11.1	32	dump	436346	4459567
722867	Imperial	16.8	17	dump	436324	4459657
722860	Imperial	7.0	80	dump	436655	4458931
722861	Imperial	8.4	34	dump	436655	4458930
350131	Imperial	5.9	5	subcrop	436334	4459596
350129	Imperial	8.6	77	dump	436347	4459351
J486238^	Regional	3.1	100	dump	435979	4457773
350121	Regional	5.7	21	subcrop	434848	4459187
E923273^	Trail/Senator	3.1	583	dump	436605	4458764
722855	Trail/Senator	8.6	133	dump	436603	4458763
350123	Trail/Senator	6.4	43	dump	436607	4458764
722854	Trail/Senator	8.5	78	dump	436605	4458762
722857	Trail/Senator	1.9	114	outcrop	436538	4458813
722859	Trail/Senator	1.6	134	outcrop	436512	4458842
350120	Coyote	2.9	759	float	435061	4458685
J486225	Coyote	16.0	64	dump	435227	4458717
350115	Coyote	2.9	103	subcrop	435201	4458738
350118	Coyote	1.7	107	float	435062	4458678
E923276^	Coyote	15.9	323	subcrop	435052	4458607
350116	Coyote	10.9	36	dump	435224	4458716
E923278^	Coyote	10.0	33	dump	435227	4458716

 
*NAD83 Z 11
^see references for sources of data

Defining Widespread High-Grade Gold-Silver Mineralization

A reconnaissance-style prospecting and sampling program was recently completed by Silver47's exploration team on unpatented mining claims of the Kennedy Project. The purpose of the program was to confirm the presence of high-grade gold-silver-base metal mineralization across eleven targets (Figure 1). Areas of historic surface workings (e.g., blast pits and mine dumps) as well as outcrop, subcrop and float were sampled. In total, 109 samples were collected (see April 24^th, 2025 news release for first batch of results). Data from over 40 historic rock samples were also compiled and combined with the new data creating a rock geochemical database of over 150 samples (Figure 1).

Selective sampling across the eleven targets (Figure 1) demonstrates the scale and high-grade potential of vein-systems typical of the Kennedy Project. Highlights from recent and historical sampling include:

• Gold Note: Most of the historic gold production in the Kennedy district was from the Gold Note mine. The mine was centered on a series of high-angle, broadly east-west striking quartz veins hosted in volcanic and sedimentary rocks and traced for over 350 m. Waste material from the mine has been stacked in dumps near the main Union and No. 2 adits (Figure 1). Sampling of these dumps returned grades up to 40.4 g/t Au with 232 g/t Ag and 11.1 g/t Au with 1,020 g/t Ag (Table 1) and the 14 new and compiled samples average 7.9 g/t Au with 193 g/t Ag. These results agree with historic mine grades which were reportedly as high as 15.5 g/t Au with 311 g/t Ag¹.

• Borlasca: The east-west trending Borlasca target comprises a series of northwest to west striking structures centered approximately 900 m east of the Gold Note mine. Veins and oxidized vein-breccias are hosted in porphyritic rhyolite associated with strong silicification. Samples of dump and outcrop from across the three main Borlasca veins have returned up to 21.9 g/t Au with 2,336 g/t Ag with 8.56% Cu. The strong copper mineralization in many of the Borlasca samples suggest strong prospectivity for copper mineralization across this part of the Kennedy district.

• Coyote: The northwest-striking Coyote vein system is centered approximately 600 m north of the Gold Note mine. Veins and quartz-cemented breccias of the Coyote target are hosted primarily in granite and quartz-phyric rhyolite. Samples of dump material, subcrop and float from the main Coyote target returned grades up to 15.9 g/t Au with 323 g/t Ag and 2.9 g/t Au with 759 g/t Ag (Table 1). Sampling 600 m along strike to the northwest returned 5.7 g/t Au with 20.8 g/t Ag (sample 350121, Table 1).

• Cricket-Accident trend: The north-northwest striking Cricket target is centered approximately 2.2 km northeast of the Gold Note mine (Figure 1). The vein-system is hosted near a contact between andesite and monzonite and consists of brecciated and drusy quartz veins and veinlets. The Cricket vein has been sampled (outcrop and dumps) for over 200 m along strike with grades up to 39.4 g/t Au and 370 g/t Ag (15 samples average 12.3 g/t Au and 132 g/t Ag). High-grade gold and silver mineralization at Cricket is locally associated with strong lead and antimony mineralization (up to 3.0% Pb and 3,540 ppm Sb). The Accident vein, 300 m along strike to the south of Cricket, is interpreted to be part of the same 800 m north-trending vein-system. Sampling at Accident returned up to 12.7 g/t Au with 305 g/t Ag (Table 1). Further sampling along trend north of Cricket towards the historic Wall Street mine and along trend south of Accident is warranted.

• Fourth of July: The Fourth of July vein sets are hosted in strongly oxidized granite/monzonite and comprise quartz-rich breccias and veins. Sampling of outcrop, subcrop, dump and float along a 200 m trend at Fourth of July returned up to 6.2 g/t Au with 3,037 g/t Ag and 9.6 g/t Au with 2,360 g/t Ag. The veins may represent a possible southern offset of the Cricket-Accident trend of veins and supports the strong prospectivity for high-grade gold-silver mineralization in broadly north-trending structural corridors.

• Trail-Imperial trend: The historic Trail/Senator mine represents the southern extent of the broadly north-trending Trail-Imperial corridor. The high-grade Imperial Mine represents the northern extent of the 1.0 km long corridor. The Trail/Senator target comprises quartz-rich veins and breccias with associated wall rock hosted quartz-stringers and veinlets. Sampling of dumps and outcrop returned up to 8.61 g/t Au with 133 g/t Ag and 6.4 g/t Au with 43.1 g/t Ag. At Imperial, primarily hosted in quartz monzonite sampling returned up to 30.4 g/t Au with 148 g/t Ag and 16.8 g/t Au with 17.2 g/t Ag. Similar to the parallel Cricket-Accident trend, the Trail-Imperial corridor demonstrated strong prospectivity for high-grade gold and silver mineralization along north-trending structural corridors.

• Hidden Treasure-Chromo trend: The Hidden Treasure set of mineralized veins are centered 800 m north of the Gold Note mine and hosted primarily in volcanics and breccias near the contact with granite. Together with the Chromo target (Figure 1), 300 m along strike to the north, the mineralized Hidden Treasure-Chromo trend comprises high-grade gold-bearing breccias with samples up to 44.5 g/t Au and 27.6 g/t Au (7 samples at Hidden Treasure average 15.6 g/t Au and 31 g/t Ag).

• Danneburg: The Danneburg group of mineralized vein occurrences, covering a 200 by 150 m area, is centered approximately 3.0 km northeast of the Gold Note mine. Drusy and oxidized veins hosted in silicified and oxidized granite returned up 19.5 g/t Au with 273 g/t Ag and 3.8 g/t Au with 554 g/t Ag in dump material. Further work is required at Danneburg to define the strike-extent of the dominant north- and northwest-striking vein-sets.

Based on the results from the preliminary sampling and prospecting program, an additional 4,000 acres of unpatented mining claims have been acquired through staking. The strategic claims cover all prospective open ground around the Kennedy district.

Next Steps

The extensive mineralized corridors across the Kennedy Project with multiple high-grade targets have not yet seen any systematic modern exploration. A multidisciplinary program consisting of geological mapping, ground geophysics (magnetics and induced polarization) and soil and rock geochemical surveys are planned to refine existing targets and define new drill targets. Follow-up exploration is set to commence this fall.

Analytical and Quality Assurance and Quality Control Procedures

Rock samples were sent to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. Paragon meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Samples were analyzed for gold via fire assay with an MS finish ("AU-FA30"), and for silver via inductively-coupled plasma, mass spectroscopy (ICP-MS) after four-acid digestion ("48MA-MS"). Samples assaying over 8 ppm Au were re-run via fire assay for Au with a gravimetric finish ("AU-GR30"). Samples that assayed over 100 ppm Ag (0.01%), 1,000 ppm Cu (1%), Zn (1%) and Pb (1%) were re-run via inductively coupled plasma optical emission spectroscopy ("OLMA-OES").

Historical data referenced herein (e.g., rock samples²), including but not limited to assay results and geological interpretations from previous exploration activities, have been sourced from publicly available records, archived reports, and third-party databases believed to be reliable. However, Silver47 has not independently verified this historical data through resampling, re-assaying, or other confirmatory methods. As such, the Company cautions that this historical information has not been verified by a Qualified Person. The Company is not treating historical information as current and it is being used to guide exploration only.

Marketing Agreement

Effective September 3, 2025, the Company has engaged Sideways Frequency LLC ("SFLLC") to provide certain marketing services to the Company. Under the agreement, the Company will pay SFLLC $250,000 USD for a 12-month term. The Company may elect to renew or extend the engagement at any point during the term. The marketing services will include, but are not limited to, email campaigns, native advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns. The Company has granted 80,000 stock options to SFLLC at a strike price of $0.83 with a three-year term. The options vest quarterly over a period of one year.

SFLLC is based in Utah, USA and is at arm's length to the Company. SFLLC and its principals have no present, direct or indirect interest in the Company or its securities, nor any right or present intention to acquire such an interest except as otherwise provided herein. The agreement and the option grant remain subject to TSX Venture Exchange approval.

Technical Disclosure

The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.

Rock-chip, dump, float and subcrop samples are selective by nature and may not be representative of mineralization across the Kennedy Project.

References

¹Klopstock, Paul (1913) The Kennedy mining district, Nevada, American Institute of Mining Engineers Bulletin, v. 77. p. 1041-1046

²Data reported by West Cirque Resources, WCQ TSX-V NRs September 13, 2011 and November 22, 2011

About Silver47 Exploration

Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a resource totaling 236 Moz AgEq 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. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd."

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On Behalf of the Board of Directors

Mr. Galen McNamara
CEO & Director

For investor relations
Giordy Belfiore
604-288-8004
gbelfiore@silver47.ca

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

This news release includes forward-looking information regarding, among other things, the timing, scope and objectives of planned exploration at the Kennedy Project (including mapping, geophysics, geochemical surveys and target generation), potential future drilling, and the anticipated timing of assay results at Red Mountain. Forward-looking information is based on a number of assumptions that, while considered reasonable by management at the date hereof, are inherently subject to business, technical and operational uncertainties. Assumptions include the availability of personnel and equipment, access to the property, receipt of permits and approvals, budget availability, and that historical information compiled will be useful in guiding exploration. Material risk factors that may cause actual results to differ materially include changes in exploration plans; results of field work that differ from expectations; access, permitting or regulatory risks; availability of contractors and laboratory turn-around times; weather; commodity price volatility; and the risks described in the Company's public filings on SEDAR+. The Company does not undertake to update any forward-looking information except as required by applicable securities laws." (meets all four required elements).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265057

FAQ

What were the highest gold and silver grades reported at Silver47's Kennedy Project?

The highest grades reported were 44.5 g/t gold at Hidden Treasure Vein and 3,037 g/t silver at Fourth of July Vein, with significant copper values up to 8.56% at Borlasca Vein.

How large is the Kennedy Project's mineralized system?

The Kennedy Project covers a 3 km x 2 km area with approximately 22 km of near-surface veins, representing a significant precious metal district in Nevada.

What are AAGAF's next steps for the Kennedy Project?

Silver47 plans a comprehensive exploration program including geological mapping, ground geophysics, and soil-geochemical surveys to identify drill targets, scheduled to commence fall 2025.

How many target zones were identified at the Kennedy Project?

The company identified and sampled eleven distinct target zones, including Gold Note, Borlasca, Cricket, Fourth of July, and Hidden Treasure veins, among others.

What was the cost basis for Silver47's acquisition of the Kennedy Project?

The Kennedy Project was acquired through claim staking last year, making it royalty-free, which represents a cost-effective acquisition for the company.