Michelle Project - Yukon, Canada
The Michelle Project is strategically positioned in a largely underexplored district, analogous in scale to the nearby Keno Hill Silver District, Canada's second-largest primary silver-producing camp. With multiple high-grade targets, favorable geology, and a significant land package, the Michelle Project represents a compelling exploration opportunity for discovering substantial silver and base metal resources.
The Michelle Project is a district-scale exploration opportunity in the Yukon Territory, Canada. The project offers significant potential to discover high-grade silver, lead, zinc, and other critical minerals like gallium, copper and antimony, in an underexplored region.
Location
The Michelle Project is located in Northcentral Yukon Territory, Canada, covering a 158 square kilometer land package.
Ownership
Silver47 wholly owns the Michelle Project, having acquired it from Silver Range Resources for 5.6 million shares.
Deposit Type
The Michelle Project is a unique silver-rich Mississippi Valley Type (MVT) SEDEX deposit.
Highlights
High-Grade Discoveries
- Silver Matt Zone: 15m at 907 g/t Ag, including 7.68m at 1577 g/t Ag, 45% Pb, and 4% Zn
- Gully Zone: 18.29m at 310 g/t Ag, 16.75% Zn, and 8.66% Pb, including 7.9m at 511 g/t Ag, 22% Zn, and 17% Pb
- Peak Zone: 24m at 347 g/t Ag, 4.5% Pb+Zn, including 2.9m at 2134 g/t Ag, 15.6% Pb+Zn
- Additional zones such as Gaynor, Nanny, Blender, and Scorpion show significant grades of silver, lead, and zinc
Multiple Mineralized Targets
A total of 23 mineralized targets identified, including significant critical minerals such as Gallium, Vanadium, Indium, Antimony, and Copper.
Mineralization with sulphide and oxide at 39m depth in MCH-22-002, Silver Matt Target.
Exploration Activities
Recent Drilling Results
- Drilling in 2022 at the Silver Matt Zone returned exceptional results, including:
- 15m at 907 g/t Ag, with 28.75% Pb + Zn
- Including 7.68m of 1577 g/t Ag, 45% Pb, 4% Zn
Surface Sampling
- Rock grabs, trenches, and drill holes across various zones show high-grade results, indicating strong potential for further discoveries.
Geological Highlights
Mineralization Style: The Michelle Project features both stratabound and fault-hosted mineralization, typical of MVT and SEDEX deposits, characterized by high-grade silver, lead, zinc, and critical minerals.
Geochemical Anomalies: Significant silver, lead, and zinc anomalies have been identified through surface geochemistry, suggesting extensive subsurface mineralization.
Permitting
The Company is waiting for a Class 3 permit for 60,000 meters of drilling from the Yukon government, which has been delayed due to a flawed (YESAB) Yukon Environmental and Socio-economic Assessment Board’s no-go decision in late 2022. The Project has been pushed into a judicial review. However, during the land use planning process in this area all parties agreed to honor existing mineral claims.
On May 29, 2023, the Yukon Government (the “Government”) filed a petition to initiate a judicial review against the Yukon Environmental and Socio-economic Assessment Board (the “YESAB”) regarding the YESAB’s recommendation against proposed exploration (or mining) operation at the Michelle Project. In the petition, the Government alleged that the YESAB, did not have enough information for a fair, thorough assessment of the Michelle Project. The Government is asking for the court to quash the recommendation on the grounds that it is “unreasonable”, and wants the case remitted to the YESAB for reconsideration and a declaration that the office “failed to observe a principle of natural justice and procedural fairness.”
On September 26, 2023, the Yukon Supreme Court asked Silver47 whether it would like to participate in the Government’s petition. The Company is participating as a “party” to the petition. Silver47 has been advised its role in the Government petition will be solely to allow it to provide arguments to supplement those put forth by the Government. In the context of the petition, to Silver47 and Silver47 acknowledging , there is no potential for liability to arise in the form of damages or costs given the nature of its role and the proceedings.
Hearing on the petition is scheduled for November 24, 2024.
QAQC statement for Silver47 results:
Quality assurance and quality control protocols for rock, soil and drill core sampling at the Michelle Project follow industry standard practices. Rock and soil samples were delivered directly to ALS Minerals preparation facility in Whitehorse, Yukon. Core samples were taken at 1.0m intervals in mineralized zones, and 3.0m 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 is 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 >1,500ppm 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. Blank material consisted of non-mineralized limestone landscaping rock.
Historical Data Cautionary Note:
Historical exploration results referenced in this website for the Adams Plateau and Michelle projects were conducted prior to Silver47 Exploration Corp.’s involvement with the projects. The Company has not independently verified this data and cannot guarantee its accuracy or reliability. Investors are advised to use caution in considering historical results as they should not be relied upon for the basis for investment decisions. Further exploration and verification work will be required to update or confirm these historical figures. There are no assurances that new exploration work will replicate these historical results.