Silver47 Exploration

Advancing the “Red Mountain” silver-gold rich VMS deposit and SEDEX Targets in Alaska.

Silver Investing

Silver47 Beefs Up Drilling Plans to Expand Resource at Red Mountain Polymetallic Project

Resource Investing News

“With the modern drilling and the recoveries we saw this year, we have a really good chance to increase just from infilling the historic zones to really bulk that resource out as well,” said Alex Wallis, vice president of exploration at Silver47 Exploration.

Following release of the final results from Silver47 Exploration's (TSXV:AGA) 2024 exploration program, the company is beefing up plans for a more expansive and targeted drill campaign in the new year at its flagship Red Mountain project in Alaska. Alex Wallis, vice president of exploration, said the aim is to “increase both the grade and the tonnage."

“With the modern drilling and the recoveries we saw this year, we have a really good chance to increase just from infilling the historic zones to really bulk that resource out as well,” he said.

Approximately 20 percent of future drilling efforts will focus on fresh exploration targets like Galleon and Horseshoe, according to Wallis. The company is eyeing more than 15 exploration targets at Red Mountain that have never been drill tested with geochemical and geophysical targeting.

“Our resource target is a volcanogenic massive sulfide, which is a typical polymetallic deposit style which could be continuous laterally and some occasional pinching and swelling. We're seeing our mineralized zones are continuous sulfidation,” he said.

During Silver47's 2024 exploration program, a total of 1,039 meters of drilling were completed in six holes at the Dry Creek, West Tundra Flats and Kiwi prospects, showing multiple high-grade massive sulfide intervals.

Watch the full interview with Alex Wallis, vice president of exploration at Silver47 Resources, above.

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