Silver47 Exploration (TSXV: AGA / WKN: A408EQ) has successfully completed the 2025 summer drilling program on its 100% owned Red Mountain project in south-central Alaska. According to company information, a total of 15 boreholes were drilled on the Dry Creek and West Tundra Flats sub-targets – eight and seven holes respectively – intersecting zones of massive, semi-massive and disseminated sulfides. However, the laboratory results are still pending. Silver47 sees the program as the next step in further underpinning the existing inferred resource of 168.6 million ounces of silver equivalent (AgEq) at an average of 336 g/t AgEq, which is distributed across Dry Creek and West Tundra Flats, and testing possible extensions.
Silver47: 2025 Drilling Program Overview
The drilling strategy combined infill and step-out drilling. The targets were areas near historical, high-grade sections and modeled domains in which the structural controls of mineralization had not yet been fully clarified. Visually mineralized sections with massive sulfides are documented in both target areas; details on thicknesses and grades are expected with the pending analyses.
The current classification incorporated results from previous campaigns. As early as 2024/early 2025, Silver47 reported, among other things, sections from Dry Creek such as 15.24 m with 546 g/t AgEq and 22.32 m with 601 g/t AgEq from shallow depths. In West Tundra Flats, 2.90 m with 1,079 g/t AgEq were reported; historical work in Dry Creek had also yielded 4.26 m with 2,003 g/t AgEq. In addition to
According to visual drill observations and ongoing 3D modeling, several lenses and domains in both targets remain open both along strike and at depth. Silver47 intends to integrate the new data into the geological model in order to drill more specifically into further high-grade, VMS-typical areas in 2026.
Silver47’s Resource Base and Expansion Potential on Red Mountain
Dry Creek and West Tundra Flats together form the currently reported inferred resource of 15.6 million t with 336 g/t AgEq (168.6 million ounces AgEq). In addition to numerous satellite targets, it represents the core of Red Mountain. The project extends over a ~55 km long trend with at least 35 identified prospects, many of which have only been explored to a limited extent or not at all. This results in a broad grid for further exploration, which includes both the expansion of existing zones and the evaluation of new target areas.
Important for classification: VMS deposits are formed in marine, volcanic environments and often occur as stacked, lenticular sulfide bodies. In such camps, the discovery of additional lenses can increase the tonnage and broaden the metal spectrum. At Silver47, the focus is on silver, but zinc, lead and
Critical Minerals, Financing and Next Steps at Silver47
In addition to precious and base metals, Silver47 refers to ongoing metallurgical investigations into antimony and gallium on Red Mountain. Both elements are considered critical in the USA, particularly in security-relevant supply chains. The aim of the study is to better quantify potential by-product contributions and their extractability – an aspect that can influence the project economics in the long term. The results of these investigations are also still pending.
Financially, Silver47 believes it is well equipped with approximately US$27 million in liquid funds to maintain a high pace of exploration. Operationally, the company plans to evaluate the fresh drill data from the summer of 2025 and combine it with geological modeling and – where appropriate – geophysical investigations. On this basis, drilling targets with a higher probability of success are to be derived in 2026. In parallel, Silver47 announced further work on US silver projects: drilling on Mogollon is planned for the fourth quarter of 2025, and on Hughes for the beginning of 2026.
Regardless, Red Mountain in Alaska remains the main driver in Silver47’s portfolio. The combination of proven mineralization in the core zones of Dry Creek and West Tundra Flats, a broad pipeline of untested prospects along the trend and the VMS geosetting forms the basis of the next exploration phases. However, the pending analysis results from the 15 boreholes will be decisive for the evaluation of future steps. Only they allow statements to be made on grades, thicknesses and continuity of the new sections – and thus on the question of where the company will concentrate its drilling capacities in the 2026 season.
Conclusion: Silver47 Exploration has completed the summer program on Red Mountain as planned and documented visually mineralized zones with massive sulfides in several boreholes. With results from the laboratory, ongoing modeling and solid financing, the company intends to further develop the resource base in Alaska. The next news should focus on assays, the prioritization of new target areas and the roadmap for the 2026 campaign.
