Exploration Unveils Multiple Premier Exploration Targets At Red Mountain Project

VANCOUVER – Silver47 Exploration Corp. reported on drill targeting across the highly-prospective Bonnifield District at the Red Mountain project near Fairbanks, Alaska. The Red Mountain Project already hosts an inferred mineral resource estimate of 15.6Mt at 336 g/t AgEq totaling 168.6 million silver equivalent ounces comprised of two resource zones, Dry Creek and West Tundra Flats. Use of a database of historic geochemical and geophysical data, including 2,543 rock samples, 7,948 soil samples and 15,862 XRF soil samples has revealed a series of new targets outside the current resource zones that the Company is developing for drilling in 2026. Ongoing compilation highlights at least 35 mineralized prospects across the Red Mountain Project covering a 55 km trend many of which are undrilled or represent preliminary drilled discoveries open to expansion. There are multiple zones of high-grade surface mineralization marked by samples collected by a previous operator representing significant polymetallic upside. Nine holes have been completed at the Dry Creek and West Tundra Flats deposits where zones of massive, semi-massive and disseminated sulfides have been intersected in step-out and infill holes.
Galen McNamara, CEO, said, “Our Red Mountain Project in Alaska is emerging as a premier silver and critical metals asset in the U.S. By leveraging extensive historic data, we’ve identified dozens of high-potential targets along broadly mineralized trends. The prospectivity of these targets was first identified by past operators, and I agree; the data suggest the likely presence of additional undiscovered and potentially giant VMS deposits on the project. I am unaware of any other domestic mineral projects with similar polymetallic discovery potential. In addition, ongoing drilling at Dry Creek and West Tundra Flats continues to intersect promising sulfide zones, with assays pending, positioning Red Mountain to deliver significant value and strengthen domestic critical mineral supply chains in the future.”