Silver47 Completes Successful Red Mountain Drill Program and Intersects Massive Sulfides in Multiple Holes

Silver47 Exploration Corp. has successfully completed its summer 2025 drill program at the wholly-owned Red Mountain Project in south-central Alaska, marking a significant step forward in the company's exploration strategy. The program intersected massive sulfides in multiple drill holes, with assay results still pending, indicating the potential for continued resource expansion at the deposit.

The Red Mountain Deposit remains open to expansion in multiple directions, suggesting strong potential for future resource growth. Previous drilling campaigns have demonstrated the project's potential, with the company referencing historical results from late 2024 and early 2025 that included intersections of silver, zinc, lead, copper, and gold mineralization. The presence of massive sulfides in the current program suggests continued mineralization consistency across the deposit.

Silver47 is well-positioned financially with $27 million in funding, providing the company with significant runway to advance multiple projects. The company has outlined an aggressive exploration timeline, with plans to drill at the Mogollon project in Q4 2025 and the Hughes project in early 2026. This systematic approach to advancing multiple assets demonstrates a strategic focus on building a portfolio of silver and critical mineral projects.

The completion of this drill program represents part of Silver47's broader strategy to develop what management describes as 'America's next generation of strategic mineral assets.' With critical minerals increasingly important for national security and the energy transition, the company's focus on silver and associated metals positions it well within current market trends. The pending assay results from the Red Mountain program will be crucial in determining the next steps for resource expansion at this promising Alaska project.