New High-Grade Massive Sulfide Zone Discovered At Red Mountain Project

VANCOUVER – Silver47 Exploration Corp. reported on a property-wide prospecting and rock sampling program from its wholly owned Red Mountain Project located in Alaska. The rock sampling program covered a widely dispersed 60 km trend and identified multiple new and undrilled silver-rich, polymetallic occurrences.
Highlights: 1) New High-Grade Massive Sulfide Discovery: The newly identified FOMO Zone exposes undrilled massive sulfide lenses up to 5 m wide at surface in areas previously considered unmineralized – potentially representing the surface expression of a new VMS system at the Red Mountain Project. 2) Exceptional Surface Grades from the FOMO Zone: Grab samples from semi-massive to massive sulfides returned: 1,793 g/t AgEq (23.2% Zn, 10.05% Pb, 2.54% Cu, 74 g/t Ag); 1,138 g/t AgEq* (9.27% Zn, 11.65% Pb, 2.40% Cu, 54 g/t Ag); and 972 g/t AgEq (8.5% Zn, 7.72% Pb, 2.51% Cu, 31 g/t Ag). 3) District-Scale Discovery Potential: Property-wide prospecting identified multiple additional undrilled high-grade polymetallic occurrences with semi-massive to massive sulfides at surface, confirming widespread mineralization across the >60 km prospective trend. 4) Multiple Targets Emerging: Integration of new rock sample results with historic data has defined a robust pipeline of priority, largely undrilled targets for first-pass drilling.
Silver47 is fully funded and is preparing a significant summer drill campaign to test both the existing resource areas and these exciting new high-priority exploration targets at the Red Mountain Project. Drilling is set to commence in January at the Mogollon Project (New Mexico) followed by Hughes (Nevada) starting March- providing steady news flow and resource expansion across the portfolio ahead of the summer program at Red Mountain, Alaska.
Galen McNamara, CEO, said, “The discovery of the FOMO Zone – a new, undrilled massive sulfide occurrence in previously untested stratigraphy – along with multiple high-grade surface showings across the 60 km trend, further highlights the Red Mountain Project’s potential to host a cluster of world-class VMS deposits. This property-wide prospecting program has delivered a robust pipeline of priority drill targets, while our 2025 drilling has provided key data for an ongoing mineral resource update. With aggressive 2026 programs planned across our three core U.S. projects, Silver47 is well positioned for multiple near-term catalysts and a potentially transformative year ahead.”