Silver47 Exploration (TSX-V:AGA) has received results from a recently completed drill program at the Red Mountain Project in the US, returning up to 4,731 grams per tonne silver-equivalent.
At the Dry Creek deposit, results include 9.65m @ 606g/t silver-equivalent, including 0.4m @ 4,731g/t silver-equivalent.
Meanwhile at the West Tundra Flats deposit, results include 1.9m @ 826g/t silver-equivalent, including 0.5m @ 1,867g/t silver-equivalent.
Both deposits are open along strike and down-dip, with systematic expansion drilling planned for 2026.
CEO Galen McNamara says these results confirm Red Mountain is delivering “exactly” what the company had promised – high-grade silver-zinc mineralisation in a district that remains unexplored.
“With only two of at least 35 known massive sulphide occurrences significantly drilled to date, and an existing 168.6 million ounce silver-equivalent inferred resource, the upside here is significant,” McNamara says.
“We believe these hits are just the start. We are fully funded to expand this towards a tier one silver-zinc system starting in June of 2026.”
As Mining.com.au reported, Silver47 has been streamlining an updated resource estimate for the Red Mountain Project, via the summer exploration program which covered 4,000m of drilling. The program comprised 15 holes via infill and step out holes designed to test areas near historical drill intercepts and modelled domains.
Silver47 is also planning an aggressive drilling program at its projects in Nevada and New Mexico.
Red Mountain represents a district-scale polymetallic opportunity with upside potential. The project’s resource contains 15.6 million tonnes @ 335.7g/t silver-equivalent for 168.6 million ounces.
Silver47 Exploration is focused on building the next high-grade silver company through a portfolio of advanced assets in Alaska, Nevada, and New Mexico.
Write to Aaliyah Rogan at Mining.com.au
Images: Silver47 Exploration
