Silver47 finished drilling at Red Mountain, intersects high-grade mineralization in step-out holes – Richard Mills

2025.10.21

On Oct. 1, Silver47 (TSXV:AGA, OTCQB:AAGAF) announced the completion of its 2025 drill program at Red Mountain in Alaska.

Red Mountain

The 4,000-meter program, started in June, was planned to boost Silver47’s high-grade silver and critical minerals.

Eight holes were sunk at the Dry Creek target and seven holes at West Tundra Flats, intersecting massive, semi-massive and disseminated sulfides in step-out and infill drilling.

According to the company, the 2025 program targeted untested areas near historical high-grade intercepts to enhance Red Mountain’s inferred 168.6 million silver equivalent ounce resource (336 g/t silver equivalent AgEq) at Dry Creek and West Tundra Flats.

Both the Dry Creek and West Tundra Flats zones remain open to expansion in multiple directions and the company is completing detailed geological modeling to guide vectoring towards additional mineralization in 2026.

There are at least 35 mineralized prospects across the Red Mountain Project covering a 55-km trend, many of which are undrilled or represent preliminary drilled discoveries.

An ongoing metallurgical study is evaluating Red Mountain’s potentially significant concentrations of antimony and gallium, critical for US defense, where current supply chains are at risk from foreign dominance.

The company is fully funded with approximately $27 million in working capital to deploy towards aggressive growth-oriented drilling on its American silver projects.

Highlights from previous drilling at Red Mountain include:

• DC24-104: 15.24m grading 546 g/t AgEq plus 290 g/t antimony (Sb) and 32 g/t gallium (Ga) from 14.3m depth (AgEq: 106 g/t silver, 0.45 g/t gold, 6.4% zinc, 2.2% lead and 0.19% copper)

• DC24-105: 22.32 m grading 601 g/t AgEq plus 503 g/t Sb and 54 g/t Ga from 18.9m depth (AgEq: 150.6 g/t silver, 0.82 g/t gold, 5.9% zinc, 2.6% lead and 0.13% copper)

• WT24-33: 2.90m grading 1,079 g/t AgEq plus 920 g/t Sb and 15 g/t Ga from 121.70m depth (AgEq: 418 g/t silver, 0.74 g/t gold, 9.1% zinc, 4.7% lead, 0.105% copper)
  
  
• DC18-77: 4.26m grading 2,003 g/t AgEq plus 4,432 g/t Sb and 97 g/t Ga from 168.8m depth (AgEq: 1,435 g/t silver, 2.2 g/t gold, 4.8% zinc, 2.3% lead, 0.5% copper)

“The 2025 Red Mountain drill program has intersected massive sulfides in multiple holes. With assays pending, we now look forward to drilling at Mogollon in Q4 of this year and Hughes in early 2026,” said CEO Galen McNamara in the Oct. 1 news release.

Under the Spotlight – Galen McNamara, CEO, Silver47

Mogollon, which Silver47 acquired through a merger with Summa Silver earlier this year, is a continuation of the big vein systems found in Mexico and is thought to be one of the biggest epithermal vein systems in the western United States.

Mogollon has shown good results to date, for example 31 meters at 448 grams per tonne silver-equivalent, and 23.2m @ 433 g/t AgEq.

First seven holes

High-grade assays from the first batch of holes at Red Mountain were reported on Oct. 15; assays are pending for the remaining eight holes.

Highlights from the first seven holes include high-grade step-outs at West Tundra Flats; broad mineralization at Dry Creek; and the potential for resource expansion:

• West Tundra Flats: 640 g/t silver equivalent over 6.9m (136 g/t Ag, 0.56 g/t Au, 7.06% Zn, 1.99% Pb and 0.16% Cu, including 1,341 g/t silver equivalent over 3.05 m (305 g/t Ag, 1.23 g/t Au, 15.61% Zn, 4.45% Pb and 0.35% Cu) in a 165m step-out in WT25-38;

• 736 g/t silver equivalent over 3.0m (249 g/t Ag, 0.69 g/t Au, 6.16% Zn, 3.43% Pb and 0.12% Cu) in a 165m step-out in WT25-37.

• Dry Creek: 344 g/t silver equivalent over 12.8m (13 g/t Ag, 0.01 g/t Au, 4.93% Zn, 2.22% Pb and 0.17% Cu), including 646 g/t silver equivalent over 1.3m (335 g/t Ag, 0.71 g/t Au, 3.9% Zn, 1.4% Pb and 0.13% Cu) in DC25-108.

Resource expansion: The 2025 summer program targeted untested areas near historical high-grade intercepts to enhance Red Mountain’s inferred 168.6 million silver-equivalent-ounce resource at Dry Creek and West Tundra Flats. Both the West Tundra Flat and Dry Creek deposits remain open along strike and down-dip, with systematic drilling planned to delineate full scale.

Hughes

The company also announced that it has drilled multiple new silver-gold veins east of the Ruby discovery at its Hughes Project in Nevada.

Among the high-grade gold-silver intercepts:

• 509 g/t silver equivalent (3.30 g/t Au, 252 g/t Ag) over 1.1m in SUM24-65;

• 406 g/t silver equivalent (2.47 g/t Au, 217 g/t Ag) over 0.9m in SUM24-66;

• 546 g/t silver equivalent (3.16 g/t Au, 306 g/t Ag) over 0.5m in SUM23-60

Drilling confirms continuity of high-grade silver-gold mineralization across a broad 600m trend at the Ruby Vein.

Mineralization extends over a 4-km strike length east of the historic Tonopah Mining District, open in all directions, with strong alteration suggesting proximity to a major mineralized structure.

Planned drill fences will target the main high-grade structure, building on mineralized veins and extensive hydrothermal alteration observed in drilling to date.

Over 3,700m of combined reverse circulation and diamond drilling (RC pre-collars with diamond tails) in seven holes was completed along strike from the Ruby discovery, part of the eastern extension of the Tonopah Mining District, near Tonopah Nevada. The purpose of the exploration drill program was to test for mineralization across a 475m untested gap between the Ruby discovery (e.g. SUM23-59 1,450 g/t silver equivalent (8.41 g/t Au, 813 g/t Ag) over 3.0m) and a significant mineralized vein discovered in hole SUM23-60 (392 g/t silver equivalent (3.04 g/t Au, 147 g/t Ag) over 3.0m.

According to Silver 47, structural and lithological data from the recently completed holes have been integrated into the Ruby Vein model. Planning is now underway for a follow-up drill program which will be aimed at further targeting high-grade veins east of the Ruby discovery across the eastern extension of the historical Tonopah Mining District.

Silver47 Exploration Corp
TSXV:AGA, OTCQB:AAGAF
Cdn$0.86 2025.10.20
Shares Outstanding 139.6m
Market Cap Cdn$148.3m
AGA website

Richard (Rick) Mills
aheadoftheherd.com

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Richard does not own shares of Silver47 Exploration Corp (TSXV:AGA). AGA is a paid advertiser on his site aheadoftheherd.com This article is issued on behalf of AGA