Silver47 Unveils Plans for Aggressive Drill Program Across the Eastern Extension of the Prolific Tonopah Mining District, Hughes Project, Nevada

· Mar 2, 2026

Executive Summary

Silver47 Exploration has unveiled plans for an extensive drilling campaign at its Hughes Project, strategically positioned in the eastern extension of Nevada's historic Tonopah Mining District. The upcoming program will focus on the Ruby discovery, where the company intends to drill a fence of holes in pursuit of the main high-grade silver-gold structure that has shown promising mineralization in previous drilling efforts dating back to 2020.

The Hughes Project represents a significant exploration opportunity in one of Nevada's most prolific mining districts. CEO Galen McNamara emphasized the technical team's confidence in Ruby as one of Nevada's premier high-grade silver-gold discovery opportunities, with previous drilling in the eastern extension demonstrating substantial mineralization that will guide the upcoming program strategy.

This drilling initiative forms part of Silver47's robust 2026 exploration pipeline, following the ongoing Mogollon winter program and preceding the planned Red Mountain program scheduled to commence in June. The systematic approach across multiple projects demonstrates the company's commitment to advancing its Nevada portfolio through sustained exploration activities.

The strategic focus on the eastern extension of the Tonopah district positions Silver47 to potentially expand the known mineralized footprint of this historically significant mining region. The company's methodical approach to targeting the main high-grade structure at Ruby could yield significant results that enhance the project's overall resource potential and strengthen Silver47's position in Nevada's competitive precious metals exploration landscape.

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Press Release

Drilling to begin with a fence of holes at the Ruby discovery in pursuit of the main high-grade structure Vancouver, March 2, 2026 – Silver47 Exploration (“Silver47” or the “Company”) (TSXV: AGA) (OTCQX: AAGAF) is pleased to announce plans for the upcoming drill program across the highly-prospective eastern extension of the Tonopah Mining district at the Hughes Project near Tonopah, Nevada (the “Hughes Project”). Key Highlights: * g/t = grams per tonne; Silver equivalent is calculated using US$20/oz Ag, US$1,800/oz Au with metallurgical recoveries of Ag – 90%, Au – 95%. AgEq = (Ag grade x Ag recovery)+((Au grade x Au recovery) x (Au price / Ag price)). Galen McNamara, CEO, stated: “Since we first drilled the Ruby target in 2020, our technical team has believed this is one of the best high-grade silver-gold discovery opportunities in Nevada. The holes drilled to date in the eastern extension have shown significant mineralization at Ruby, and those results will directly guide our upcoming program as we continue hunting for the main structure east of the district. Following the ongoing Mogollon winter program, this is the next key step in our strong 2026 drilling pipeline, with Red Mountain also slated to start in June” […] Source

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