Silver47, the mineral explorer, makes its debut in Alaska to explore new opportunities.

Silver47 Exploration Corp. has entered Alaska’s mineral exploration scene with ambitious plans to expand the existing 168.6 million ounces of silver-equivalent at the Red Mountain polymetallic project, located 60 miles south of Fairbanks. CEO Gary Thompson stated, “The objective of the company is to rapidly grow its resource base toward a milestone development decision while generating new discoveries.” Currently, Silver47 holds 942 state mining claims covering a 35-mile trend rich in silver, zinc, lead, gold, and copper.

The company’s initial focus is on expanding the Dry Creek and West Tundra Flats deposits, which together host a combined 15.6 million metric tons of inferred resources. These deposits yield approximately 35.9 million ounces of silver among other valuable metals, translating to 168.7 million ounces of silver-equivalent mineralization averaging 335.7 g/t.

Silver47 Exploration Corp.

Growing Red Mountain silver

Silver47’s exploration has revealed substantial potential, with a target identified at Red Mountain suggesting up to 900 million ounces of silver in mineralization. The company has also pinpointed at least 20 additional VMS and SEDEX targets within the broader property.

Besides Red Mountain, Silver47’s portfolio includes the Michelle project in Yukon and the Adams Plateau project in British Columbia, with known high-grade targets in both locations. The company successfully attracted significant investments and plans to begin trading on the TSX Venture Exchange as “AGA” on November 14, capitalizing on rising demand for precious metals.

CEO Thompson emphasized that with increasing silver and gold prices, and a heightened focus on North American mineral supplies, Silver47 is poised to meet the market’s growing demand.