Silver47 Exploration’s cover photo
Silver47 Exploration

Silver47 Exploration

Mining

One of the largest US-focused silver exploration companies with 247 million silver equivalent ounces¹ Drilling now.

About us

Shaping the Future of U.S. High-Grade Silver Development through three US projects: Red Mountain in Alaska, Hughes in Nevada and Mogollon in New Mexico. We merged with Summa Silver on August 1, 2025. In total, we have six wholly-owned silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated January 12, 2024. Silver47 also owns a 100% interest in the Hughes Project located in central Nevada and the Mogollon Project located in southwestern New Mexico. The high-grade past-producing Belmont Mine, one of the most prolific silver producers in the United States between 1903 and 1929, is located on the Hughes Project. The Mogollon Project is the largest historic silver producer in New Mexico. Both projects have remained inactive since commercial production ceased and neither have seen modern exploration prior to Summa’s involvement.

Website
https://silver47.ca
Industry
Mining
Company size
11-50 employees
Type
Public Company

Employees at Silver47 Exploration

Updates

  • Our Red Mountain project already hosts 168.6M silver eq. oz¹ — but after analyzing 25k+ samples, we’ve uncovered 35+ new mineralized prospects beyond current zones. “...the data suggest the likely presence of additional undiscovered and potentially giant VMS deposits...” – Galen McNamara CEO Silver47 Exploration ¹ For important notes on mineral resource estimates, please refer to Table 1 "Combined Open Pit and Underground Inferred Mineral Resource Estimate for the Red Mountain Project, Alaska" → https://lnkd.in/gQiJAAgj ¹ Notes to Table 1: 1. The 2024 Red Mountain MRE was estimated and classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines” dated November 29, 2019, and the CIM “Definition Standards for Mineral Resources and Mineral Reserves” dated May 10, 2014. 2. Mr. Warren Black, M.Sc., P.Geo. of APEX Geoscience Ltd., a QP as defined by NI 43-101, is responsible for completing the 2024 Mineral Resource Estimate, effective January 12, 2024. 3. Mineral resources that are not mineral reserves have not demonstrated economic viability. No mineral reserves have been calculated for Red Mountain. There is no guarantee that any part of the mineral resources discussed herein will be converted to a mineral reserve in the future. 4. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, market, or other relevant factors. 5. The quantity and grade of reported Inferred Resources is uncertain, and there has not been sufficient work to define the Inferred Mineral Resource as an Indicated or Measured Mineral Resource. It is reasonably expected that most of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. 6. All figures are rounded to reflect the relative accuracy of the estimates. Totals may not sum due to rounding. Reported grades are undiluted. 7. A standard density of 2.94 g/cm³ is assumed for mineralized material and waste rock. Overburden density is set at 1.8 g/cm³. For mineralized material blocks with iron assays close enough to estimate an iron value for the block, density is calculated using the formula: density (g/cm³) = 0.0553 * Fe (%) + 2.5426. 8. Metal prices are US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag.

  • “I am unaware of any other domestic mineral projects with similar polymetallic discovery potential.” – Galen McNamara, CEO Silver47 Exploration 📍 35+ high-grade silver & critical metal targets 💥 Historical Grades¹ up to 1,295 g/t Ag, 16.2% Cu, 32% Zn ⛏️ Drilling underway. Assays pending. See the latest news from our Red Mountain Project in Alaska → https://lnkd.in/gQiJAAgj Important Note: ¹ Silver47 has not independently verified this historical data through resampling, re-assaying, or other confirmatory methods due to the remote locations of the original samples or sites. As such, the Company cautions that this historical information may not conform to current NI 43-101 standards and should not be relied upon. No new data verification procedures were undertaken specifically for this release beyond a review of available documentation. The Company plans to conduct future verification work, including drilling and sampling, to confirm and update these historical findings as part of ongoing exploration programs. See the release for more information and important disclosures → https://lnkd.in/gQiJAAgj

  • We have news ⚡️ While drilling continues, 35+ mineralized prospects have been identified across Silver47 Exploration's Red Mountain Project in Alaska along a 55 km corridor. 9 holes have been completed at Dry Creek & West Tundra Flats (assays pending). Highlights: ▶ Strong Alaskan High-Grade Resource Base: 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. ▶ Leveraging Past Work: 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. ▶ High Prospectivity and Unique Discovery Potential: 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. ▶ U.S. Silver and Critical Metal Focus: Multiple zones of high-grade surface mineralization marked by samples collected by a previous operator representing significant polymetallic upside are highlighted by grades of: ▸ 1,295 g/t silver at the Galleon target ▸ 3.8 g/t gold at the Horseshoe target ▸ 16.2% copper at the Kiwi target ▸ 32% zinc at the Anderson Mountain target ▸ 20% lead at the Jack Frost target ▸ 4,850 g/t antimony at the Bib target ▸ 149 g/t gallium northeast of the West Tundra Flats Deposit ▸ 98 g/t indium at the Jack Frost target ▸ 0.13% tin at the Sheep Creek target ▶ Drilling On-Going with Assays Pending: 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. * See the release for more information and important disclosures → https://lnkd.in/gQiJAAgj

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  • “Uniting projects in Alaska, Nevada, and New Mexico cumulatively hosting well over 200 million silver equivalent ounces with clear upside potential, we’re poised to benefit from a renewed interest in US mineral development at a time when the importance of domestic production has returned to the national spotlight,” — Silver47 Exploration CEO Galen McNamara quoted in this new article 👇 Thanks to Adam Orlando of Mining.com.au

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    In part one of this precious metals feature series, we drill ⚒️ deep inside the ebbs and flows of the silver 🥈 market, uncovering emerging trends and the silver surfers 🏄 unlocking value around the world 🌏. https://lnkd.in/gfEzfAJ7 #silver #miningnews #investment #finance #exploration iMetal Resources Inc (TSXV: IMR) (OTCQB: IMRFF) (FSE: A7VA) Impact Minerals Limited Renegade Exploration Silver North Resources Ltd. Silver47 Exploration Starcore International Mines Ltd. Unico Silver Aguia Resources Limited Iltani Resources

  • Two of Silver47 Exploration’s US jurisdictions were ranked #2 and #3 globally for investment attractiveness 🌎 Jurisdictions with leading rankings typically attract higher levels of capital investment 📊 Alaska and Nevada — home to our Red Mountain and Hughes Projects, respectively — are two of the very top US destinations. Source → https://lnkd.in/dWKTY2uQ

  • Silver47 Exploration was a private company until Nov 2024. But now we control a massive 236M oz silver-equivalent resource at high grades. With a vision to hit the NYSE, we see significant re-rate potential 💫 Our story is just beginning 📖 See the full presentation at the OTCQB Investor conference featuring Executive Chairman Gary R. Thompsonhttps://lnkd.in/gagfuZZB

  • Silver47 Exploration Executive Chairman Gary R. Thompson: We're on track for a Preliminary Economic Assessment (PEA) at Red Mountain after updating the resource statement by late 2025/early 2026 📊 We'll also optimize metallurgical recoveries for antimony & gallium due to soaring prices 🌍🪨 See the full interview with Andy Millettehttps://lnkd.in/e84uyw8P

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Funding

Silver47 Exploration 2 total rounds

Last Round

Post IPO equity

US$ 4.9M

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