Northwire Canada EditionFriday, November 13, 2026
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Drill Results

Silver47 Discovers New High-Grade Massive Sulfide Zone at Red Mountain Project, Alaska

By The Northwire Desk — AI Analysis Dec 30, 2025 · 07:01 AGA · 1.17 Silver47 Exploration Corp.
AGA · Price

Executive Summary

  • Silver47 announced a property‑wide rock sampling program at the Red Mountain Project that identified multiple new high‑grade, undrilled massive sulfide zones, highlighted by the FOMO Zone with surface grades up to 1,793 g/t AgEq.
  • The company plans an aggressive, fully funded 2026 drill campaign across Red Mountain and its other U.S. projects (Mogollon in New Mexico and Hughes in Nevada).
  • Management views these discoveries as a catalyst for near‑term resource growth and potential advancement to a PEA level study, supporting the company's goal of becoming a 1 billion‑ounce silver producer.

Key Details

  • FOMO Zone surface grab samples – three highest grades:
  • 1,793 g/t AgEq (74 g/t Ag, 23.2 % Zn, 10.05 % Pb, 2.54 % Cu) – Sample F0033147
  • 1,138 g/t AgEq (54 g/t Ag, 9.27 % Zn, 11.65 % Pb, 2.40 % Cu) – Sample F0033130

  • 972 g/t AgEq (31 g/t Ag, 8.5 % Zn, 7.72 % Pb, 2.51 % Cu) – Sample F0033129

  • Additional high‑grade surface shows – multiple samples ranging from 531 g/t to 920 g/t AgEq across the 60 km trend (see Table 1 for full list).

  • Sheep Creek target (Last Chance Corridor) – rock samples returned up to 1,100 g/t AgEq (9 g/t Ag, 22.6 % Zn, 597 ppm Pb) and 783 g/t AgEq (8 g/t Ag, 15.75 % Zn).

  • Resource context – Existing Dry Creek & West Tundra Flats inferred resource: 15.6 Mt @ 7 % ZnEq (~335.7 g/t AgEq) ≈ 168.6 Moz AgEq. Prior drilling returned 22.3 m @ 601 g/t AgEq (150.6 g/t Ag, 0.82 g/t Au).

  • 2026 Exploration Plan –

  • Fully funded summer drill program at Red Mountain targeting FOMO and other high‑priority zones.
  • Additional drilling slated for January at Mogollon (NM) and March at Hughes (NV).

  • Planned multidisciplinary work: geological mapping, soil/rock geochemistry, possible ground geophysics.

  • Corporate milestones referenced – recent merger with Summa Silver creating a $202 M market‑cap entity; ongoing resource updates and potential PEA for Red Mountain.

Notable Quotes

“The discovery of the FOMO Zone… further highlights the Red Mountain Project's potential to host a cluster of world‑class VMS deposits.” – Galen McNamara, CEO

“We are looking forward to another stellar year… with silver price action in our sails.” – Gary Thompson, Executive Chairman

Read the original news release →

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