Silver47 Achieves 80% Silver and 77% Gold Extraction from Belmont Tailings at the Hughes Project, Nevada

Original announcement by orestocks on

Company
Silver47 Exploration
Ticker
AGA.V
Exchange
Unavailable
Region
Nevada
Primary commodity
Silver
Secondary commodities
Gold
Document categories
Metallurgy
Extracted
2026-09-21 12:15:57 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Silver47 has reported successful metallurgical testing on the Belmont tailings at the Hughes Project, achieving 80% silver and 77% gold extraction via agitated cyanide leach at a 53 µm grind. While heap leach testing was unsuccessful due to permeability issues, the results support further evaluation of a mill-based processing route for the project's inferred resource.

Reasoning: The metallurgical results demonstrate high recovery potential for the tailings, specifically via an agitated leach route, which provides a clear technical path for reprocessing.

Positive factors

  • Strong extraction rates for both silver and gold
  • Low refractory/preg-robbing indicators (low carbon and sulphur)
  • Clear processing pathway identified (agitated cyanide leach)
  • Grind size optimization shows clear upside

Negative factors

  • Heap leach route failed permeability testing
  • Extraction results reported on a calculated-head basis rather than measured

Facts used in scoring: 4

Classification and evidence

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The program supports further evaluation of agitated cyanide leaching with carbon adsorption.

Evidence · text

“The program supports further evaluation of agitated cyanide leaching with carbon adsorption as a potential processing route”

Bench Scale Onlynegative

Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Testing was conducted on composites using agitated leach and heap leach methods at a lab scale.

Evidence · text

“Forte Analytical LLC of Fort Collins, Colorado conducted a staged metallurgical program”

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap_leach route ("heap leach")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

Metallurgical Results (4)

agitated cyanide leachHughes Project · silverRecovery: 80.7 %View all details
Link to this fact

Identity

Project
Hughes Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
AGA.V

Test Work

Program Status
preliminary
Test Type
agitated cyanide leach
Processing Route
agitated cyanide leach
Sample
West composite, P80 53 µm
Grind P80
53 µm
Leach Time
48 hours

Recovery

Recovery
80.7 %
Recovery Basis
actual_test

Reagents

Cyanide
1.9 kg/t
Lime
0.6 kg/t

Lab

Laboratory
Forte Analytical LLC

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: 80.7% silver recovery is strong for an agitated leach route.

Positive factors

  • High silver recovery at fine grind

Negative factors

  • Calculated-head basis

Evidence · text

“At the finest grind tested (P80 53 µm), the West composite returned 76.5% gold and 80.7% silver extraction”
agitated cyanide leachHughes Project · goldRecovery: 76.5 %View all details
Link to this fact

Identity

Project
Hughes Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
AGA.V

Test Work

Program Status
preliminary
Test Type
agitated cyanide leach
Processing Route
agitated cyanide leach
Sample
West composite, P80 53 µm
Grind P80
53 µm
Leach Time
48 hours

Recovery

Recovery
76.5 %
Recovery Basis
actual_test

Reagents

Cyanide
1.9 kg/t
Lime
0.6 kg/t

Lab

Laboratory
Forte Analytical LLC

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: 76.5% gold recovery is a solid result for tailings reprocessing.

Positive factors

  • Strong gold recovery

Negative factors

  • Calculated-head basis

Evidence · text

“At the finest grind tested (P80 53 µm), the West composite returned 76.5% gold and 80.7% silver extraction”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 76.5% is below the weak band (80%)

agitated cyanide leachHughes Project · silverRecovery: 80 %View all details
Link to this fact

Identity

Project
Hughes Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
AGA.V

Test Work

Program Status
preliminary
Test Type
agitated cyanide leach
Processing Route
agitated cyanide leach
Sample
East composite, P80 53 µm
Grind P80
53 µm
Leach Time
48 hours

Recovery

Recovery
80 %
Recovery Basis
actual_test

Reagents

Cyanide
1.9 kg/t
Lime
0.6 kg/t

Lab

Laboratory
Forte Analytical LLC

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: 80.0% silver recovery is strong for an agitated leach route.

Positive factors

  • High silver recovery at fine grind

Negative factors

  • Calculated-head basis

Evidence · text

“the East composite returned 77.3% gold and 80.0% silver”
agitated cyanide leachHughes Project · goldRecovery: 77.3 %View all details
Link to this fact

Identity

Project
Hughes Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
AGA.V

Test Work

Program Status
preliminary
Test Type
agitated cyanide leach
Processing Route
agitated cyanide leach
Sample
East composite, P80 53 µm
Grind P80
53 µm
Leach Time
48 hours

Recovery

Recovery
77.3 %
Recovery Basis
actual_test

Reagents

Cyanide
1.9 kg/t
Lime
0.6 kg/t

Lab

Laboratory
Forte Analytical LLC

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: 77.3% gold recovery is a solid result for tailings reprocessing.

Positive factors

  • Strong gold recovery

Negative factors

  • Calculated-head basis

Evidence · text

“the East composite returned 77.3% gold and 80.0% silver”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 77.3% is below the weak band (80%)

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.