Silver47 Completes Successful Red Mountain Drill Program and Intersects Massive Sulfides in Multiple Holes

Core Insights - Silver47 Exploration Corp. has successfully completed its summer 2025 drill program at the Red Mountain Project in Alaska, intersecting massive sulfides in multiple holes with assays pending [1][3][4] - The company is fully funded with approximately $27 million in working capital, allowing for aggressive growth-oriented drilling on its silver and critical mineral projects [3][4] Drill Program Highlights - The 2025 drill program included 15 holes, with eight at the Dry Creek target and seven at the West Tundra Flats target, contributing to an inferred resource of 15.6 million tonnes at 336 g/t AgEq, equating to 168.6 million silver equivalent ounces [4][18] - Significant mineralization was observed, with multiple holes intersecting massive, semi-massive, and disseminated sulfides, and assays are pending for all drilled holes [4][19] - The Red Mountain Deposit remains open for expansion in multiple directions, with ongoing geological modeling to guide future exploration efforts [4][20] Resource and Target Potential - The Red Mountain Project contains at least 35 mineralized prospects over a 55 km trend, many of which are undrilled or represent preliminary discoveries [4][20] - The ongoing metallurgical study is assessing significant concentrations of antimony and gallium, which are critical for U.S. defense and currently face supply chain risks [4][20] Corporate Update - The company recently closed a brokered private placement for gross proceeds of approximately $23 million, enhancing its financial position for future exploration activities [22]