FULL DISCLOSURE: Silver47 Exploration is a sponsor of theDeepDive.ca.
The final assays are out for Silver47 Exploration’s (TSXV: AGA) 2025 exploration program at their Red Mountain Project in Alaska. The program saw the company continue to intersect high grade mineralization at both Dry creek and West Tundra Flats, with the program expected to expand the resource estimates at both deposits.
Highlights from the latest assay results include:
- DC25-113: 606 g/t silver equivalent (124 g/t silver, 1.82 g/t gold, 4.99% zinc, 2.00% lead, 0.12% copper over 9.65 metres from a depth of 233.25 metres
- Including 4,731 g/t silver equivalent (558 g/t silver, 30.10 g/t gold, 22.40% zinc, 8.99% lead, 0.52% copper) over 0.4 metres
- WTF25-41: 826 g/t silver equivalent (195 g/t silver, 0.27 g/t gold, 10.23% zinc, 3.53% lead, 0.08% copper) over 1.9 metres from a depth of 176.40 metres
- Including 1,867 g/t silver equivalent (560 g/t silver, 0.38 g/t gold, 20.30% zinc, 9.30% lead, 0.16% copper) over 0.5 metres
The latest assay results are said to have confirmed a thick, multi-stacked system at Dry Creek, with hole DC25-113 said to have intersected multiple massive sulphide horizons over 55 metres, indicating a robust VMS system is present. Mineralization was intersected within the Totatlanika Schist, a prospective unit which has been traced for roughly 4,500 metres along the Dry Creek deposit.
The 2025 program as a whole consisted of fifteen drill holes, eight of which targeted Dry Creek, and seven of which targeted West Tundra Flats. Drilling under the program is said to have intersected mineralization at both deposits outside of the current resource areas. The two targets collectively contain an inferred resource of 168.6 million silver equivalent ounces at an average grade of 336 g/t silver equivalent, with targets remaining open along strike and down dip, with systematic exploration planned for 2026.
“Today’s results confirm Red Mountain is delivering exactly what we promised: exceptional high-grade silver-zinc mineralization in a district that remains virtually unexplored. With only two of at least 35 known massive sulphide occurrences significantly drilled to date, and an existing 168.6 Moz AgEq inferred resource, the upside here is significant,” commented Galen McNamara, CEO of Silver47.
“We believe these hits are just the start. We are fully funded and ready to expand this towards a tier-one silver-zinc system starting in June of 2026. In the meantime, we plan aggressive drilling at our projects in Nevada and New Mexico and look forward to sharing more information as plans are finalized.”
Silver47 Exploration last traded at $0.69 on the TSX Venture.
FULL DISCLOSURE: Silver47 is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Silver47. The author has been compensated to cover Silver47 on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
