Mogollon Project
New Mexico, USA
About the Project
The Mogollon Project is located 120 km from Silver City in southwestern New Mexico, the largest historic silver producing region in the state. It covers an extensive, silver-gold bearing epithermal vein field. Between 1904 and 1925 the district is reported to have produced 13.1M ounces of Silver and 271k ounces of Gold from 1.39M tons of rock¹. Production stopped in 1942 due to the wartime cessation of all gold and silver mining in the United States, but the established workforce and infrastructure remain.
Sources: USGS 1927, Blackhawk Mines corporate production records 1942
“The Mogollon district presents a very rare discovery opportunity, and for good reason. It is my strong belief that the district has the potential to be one of the great remaining vein fields still left in the United States”
Galen McNamara
Silver47 CEO & Director
Project Highlights
Inferred Mineral Resources for the Mogollon Project are presented using a 175 g/t AgEq Cutoff Grade. For Mogollon Project Inferred Mineral Resources, AgEq is based on silver and gold prices of $25/oz and $2100/oz respectively, and metallurgical recoveries of 97% and 97% for silver and gold, respectively. AgEq Factor= (Ag Price / Au Price) x (Ag Rec / Au Rec); g AgEq/t = g Ag/t + (g Au/t / AgEq Factor).
*AgEq is calculated using US$20/oz Ag, US$1,800/oz Au, with metallurgical recoveries of Ag – 90% and Au – 95%. AgEq = (Ag grade x Ag recovery)+((Au grade x Au recovery) x (Au price / Ag price)). True thicknesses are estimated to be 70-80% of drilled intercept length
Mogollon Mineral Resource Estimates
Mogollon Project Drilling
Mogollon Project Long Section
Technical Report
Mogollon Silver-Gold Exploration Property Technical Report
Effective Date: November 22, 2024
Qualified Person under NI 43-101
Galen McNamara, P.Geo., the Chief Executive Officer of the Company, and a qualified person pursuant to NI 43-101, has reviewed and approved the scientific and technical information contained on this website. Mr. McNamara has verified the data disclosed herein, including sampling and drilling data underlying the technical information contained herein, by reviewing blanks, duplicates and certified reference material that the Company inserted into the sample stream and confirming that they fall within limits as determined by acceptable industry practice.
Latest news on Mogollon Project
Silver47 Announces Mogollon Project Anniversary Payment
Silver47 Launches Drilling to Target Depth Extensions of High-Grade Silver at Mogollon Silver-Gold Project, New Mexico
Summa Silver Announces Mogollon Project Anniversary Payment pursuant to Amended Lease Agreements
Summa Silver Files Technical Reports for its Two American High-Grade Silver Projects
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