Silver47 Intersects High-Grade Mineralization in Step-Out Holes at Red Mountain, Alaska, and Hughes, Nevada

Silver47 Exploration Corp. has announced encouraging assay results from the initial batch of holes in its 2025 drill program, marking significant progress at both its flagship Red Mountain Project in Alaska and the Hughes Project in Nevada. The company successfully intersected high-grade mineralization in step-out holes at Red Mountain, demonstrating the potential for resource expansion beyond previously defined zones. The results validate the company's systematic approach to exploring the property's full potential through strategic step-out drilling.

At the Hughes Project in Nevada's historic Tonopah Mining District, Silver47 has made notable progress by drilling multiple new silver-gold veins east of the Ruby discovery. This expansion of the known mineralized system suggests the project may have broader exploration potential than previously recognized. The discovery of additional veins in this prolific mining district adds to the company's growing portfolio of prospects in a region with established infrastructure and mining history.

The timing of these results positions Silver47 well as the company advances both projects through systematic exploration programs. With additional assays still pending from the 2025 drill campaign, investors and industry observers will be watching for further confirmation of the mineralized systems' extent and grade continuity. The dual-project approach allows the company to de-risk its exploration portfolio while maintaining exposure to both polymetallic and precious metals opportunities.

These developments come at a time when silver and associated base metals are receiving increased attention from investors seeking exposure to critical minerals and precious metals. Silver47's ability to deliver positive results from both Alaska and Nevada demonstrates the company's technical capabilities and project selection expertise, potentially positioning it for continued exploration success and possible resource development scenarios.