Silver47 Drills 606 g/t Silver Equivalent* over 9.65 m at the Silver-Rich Red Mountain Project, Alaska
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The November 24, 2025 news release provides the final assay results from the 2025 drill program at the Red Mountain Project in Alaska. The highlight intercept is from drill hole DC25-113, which returned 606 g/t silver equivalent (AgEq) over a true-width estimated intercept of 9.65 meters. This intercept included 1.82 g/t gold, 124 g/t silver, 4.99% zinc, and 2.00% lead.
Other notable results include: - DC25-113: 2.6 m of 1.82 g/t Au and 195 g/t Ag - WT25-41: 1.9 m of 195 g/t Ag and 10.23% Zn - DC25-111: 12.5 m of 0.32 g/t Au and 2.26% Zn
CEO Galen McNamara stated the results confirm the project's potential for exceptional high-grade silver-zinc mineralization and noted that only two of at least 35 known massive sulphide occurrences have been significantly drilled. The company reports it is fully funded for an expanded drill program planned to commence in June 2026.
This news is materially positive as it successfully concludes the 2025 drill program, delivering results that confirm and build upon the high-grade thesis for the Red Mountain project.
- Confirmation of High-Grade System: The headline intercept of 606 g/t AgEq over 9.65 m is economically significant in both grade and width. It is consistent with the first batch of results released on October 15, 2025 (e.g., 640 g/t AgEq over 6.9 m), demonstrating continuity of the high-grade polymetallic system. This is not an isolated hit; it is confirmation.
- Execution on Stated Plans: On October 1, 2025, the company announced the completion of the 15-hole program and the visual intersection of massive sulfides. The subsequent assay releases on October 15 and now November 24 have delivered on that initial promise, which builds management credibility.
- De-risking and Resource Growth: These results provide valuable data that should help expand the existing 168.6 Moz AgEq inferred resource. While the resource remains in the low-confidence "inferred" category, successful step-out and infill drilling like this is a critical step toward upgrading and expanding it.
- Financial Position: The CEO's statement that the company is "fully funded" for the 2026 program is a key positive. This is supported by the large C$23 million financing completed on September 16, 2025, which removes near-term financing risk and allows the company to focus on exploration.
From a critical perspective, the market may have already priced in positive results following the strong visuals and initial assays. The stock rallied to $1.02 after the October 15 release and has since pulled back to $0.69, below the $0.70 financing price, suggesting some "sell the news" activity or broader market weakness. While excellent, these results are from an existing resource area, not a new grassroots discovery. The key will be if these results can eventually be converted into a formal, economic resource estimate.
Silver47 Exploration Corp. is a junior exploration and development company focused on high-grade, US-based silver projects. The current company was formed via an "at-market merger" between Silver47 and Summa Silver Corp., which completed on August 1, 2025.
The company's flagship asset is the Red Mountain Project in Alaska, a large, district-scale volcanogenic massive sulphide (VMS) project. It hosts a NI 43-101 inferred mineral resource of 15.6 million tonnes grading 336 g/t AgEq, for a total of 168.6 million ounces of silver equivalent. The company's portfolio also includes the past-producing Hughes Project in Nevada and the Mogollon Project in New Mexico, both acquired through the Summa Silver merger.