Silver47 Exploration Corp. has completed its summer drill program at the high-grade silver and critical minerals Red Mountain Project in Alaska, highlighted by a continuous 197-metre interval of visually observed sulfide mineralization at the newly tested Second Chance zone.

Drill hole SC26-003 intersected silicified, sulfide-bearing quartzite from 48.8 metres to 245.7 metres downhole, including a cumulative 74 metres of semi-massive to massive sulfide intervals. According to Silver47, this intercept represents the widest mineralized interval drilled on the project to date. Four of the five holes completed at Second Chance intersected the sulfide horizon over an initial 200-metre strike length and 150 metres down-dip. Preliminary geological mapping has traced the target horizon at surface over a strike length of 3 kilometres, with the zone remaining open in all directions.

Infill and step-out drilling at the Dry Creek deposit returned up to 50.6 metres of visually observed continuous sulfide mineralization in core length in hole DC26-118, featuring approximately 34 metres of massive to semi-massive sulfide.

“The first drill holes at Second Chance have identified a broad zone of visually observed sulfide mineralization 43 kilometers west of the Dry Creek deposit and outside the existing Red Mountain resource footprint. At Dry Creek, visual observations from 2026 drilling have identified up to 50 meters of continuous sulfide in core length. With drilling complete, we expect a steady flow of results as assays are received. These results support our view that Red Mountain is an important silver and critical minerals project within the proposed combination with Bunker Hill.”

— Galen McNamara, CEO

The completed 2026 summer campaign totaled 4,136 metres across 14 drill holes utilizing three rigs. Work tested priority targets across the Bonnifield mining district, which encompasses at least 60 kilometres of stratigraphy favorable for volcanogenic massive sulfide mineralization. Assay results for all described drill holes are currently pending.

Read the full announcement: Silver47 Drills Massive Sulfide at the New Second Chance Zone: 74 m of Visually Observed Semi-Massive to Massive Sulfide Intervals Within 197 m of Continuous Sulfide Mineralization, Red Mountain Project, Alaska