Silver47 Exploration Corp. is accelerating its transformation into a premier U.S.-focused high-grade silver explorer, riding a wave of strategic consolidation, drilling initiatives, and investor backing.
Analysts see Silver47 as being just 25% of the way toward its 1 billion-ounce AgEq goal, underlining its scalability and growth potential. With its upgraded asset base, ample funding, and active exploration programs, the company is structurally and strategically better positioned to capitalize on surging interest in U.S. mineral development.
Silver47 Exploration Corp. is a Canadian-based exploration company that wholly-owns six 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 alsoowns 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.
