Silver47 Exploration (TSX-V:AGA) is planning a multi-disciplinary project-scale exploration program during the North American summer in 2026, at the Red Mountain Project in Alaska.
Work is anticipated to include geological mapping, soil and rock geochemical surveys and possible ground geophysical surveys to advance high-priority drill targets which may also be drill tested.
This news comes after Silver47 received results from a property-wide prospecting and rock sampling program at Red Mountain. The rock sampling program covered a widely dispersed 60km trend and identified multiple new and undrilled silver-rich, polymetallic occurrences.
At Red Mountain, a newly identified FOMO Zone exposes undrilled massive sulphide lenses up to 5m wide at surface in areas previously considered unmineralised – potentially representing the surface expression of a new volcanic massive sulphide (VMS) system.
Some of the grab samples from semi-massive to massive sulphides returned 1,793 grams per tonne silver-equivalent, 1,138g/t silver-equivalent, and 972g/t silver-equivalent.
The new rock sample results have been integrated with historical data which has defined a robust pipeline of priority, largely undrilled targets for first-pass drilling.
CEO Galen McNamara says the discovery of the FOMO Zone further highlights the Red Mountain Project’s potential to host a cluster of VMS deposits.
“This property-wide prospecting program has delivered a robust pipeline of priority drill targets, while our 2025 drilling has provided key data for an ongoing mineral resource update,” McNamara says.
“With aggressive 2026 programs planned across our three core US projects, Silver47 is well positioned for multiple near-term catalysts and a potentially transformative year ahead.”
Executive Chairman Gary Thompson says 2025 has been transformative for Silver47, with the at-market merger of Summa Silver forming a C$202 million company today.
“As we look to 2026 resource growth and advanced development it is top of mind,” Thompson says.
“Some milestones for 2026 are as follows; an updated resource at Red Mountain potentially leading into preliminary economic assessment-level study; resource growth at Mogollon and Hughes through continued drilling; advance studies on the recovery of silver-gold from tailings at Hughes; further merger and acquisition to accelerate our mission of becoming a one billion ounce of silver company.”
Further, geological modelling from the recently completed drilling program at the Dry Creek and West Tundra Flats targets is ongoing and planning is underway for a drilling program in 2026.
Drilling is also set to begin in January 2026 at the Mogollon Project in New Mexico, followed by the Hughes Project in Nevada in March.
The Red Mountain Project represents a district-scale polymetallic opportunity with upside potential, located 100km south of Fairbanks, Alaska.
Silver47 Exploration is focused on building America’s next silver company through a portfolio of advanced projects in Alaska, Nevada, and New Mexico.
Write to Aaliyah Rogan at Mining.com.au
Images: Silver47 Exploration
