Silver47 Identifies Critical Minerals Antimony and Gallium Potential in Addition to the High-Grade Silver-Gold-Zinc at the Red Mountain Project, Alaska

Silver47 Identifies Critical Minerals Antimony and Gallium Potential in Addition to the High-Grade Silver-Gold-Zinc at the Red Mountain Project, Alaska

Silver47 Exploration Corp. (TSXV: AGA) ("Silver47" or the "Company), has identified anomalous concentrations of several elements listed by both the United States and Canada as 'critical metals.' Following the 2024 drill program, a full review of historic and recent drill assays was undertaken with a focus on critical mineral potential. In addition to the high-grade zinc-silver-gold-lead-copper defined in the inferred resource, elevated amounts antimony (Sb), gallium (Ga), niobium (Nb), and vanadium (V) were found to occur within the Dry Creek (DC) and West Tundra Flats (WTF) resource zones.

Highlights

  • The highest grades of antimony, gallium and vanadium occurs at the Dry Creek zone with up to 6,230 parts per million ("ppm") (0.623%) antimony and 116.4 ppm gallium and 1110 ppm vanadium

  • The most significant interval drilled at the Dry Creek zone was from hole DC18-77, which returned 6.8 metres of 2,928.4 ppm antimony, 81.7 ppm gallium, 938.7 g/t silver, 1.5 g/t gold, 3.5% zinc, 1.7% lead, 0.4% copper including;

    • 4.3 metres of 4,432.2 ppm antimony, 96.7 ppm gallium, 1434.8 g/t silver, 2.2 g/t gold 4.8% zinc, 2.3% lead and 0.5% copper

CEO Gary R. Thompson, stated: "The identification of gallium and antimony, among other critical minerals, within the resource zones has the potential to add significant value to our Red Mountain project. While we are focused on growing the silver-gold and base metals resource at Red Mountain, further assessment of these critical minerals, which are used in a myriad of high-tech applications, is planned to better understand the potential contribution that they may have on the project."

High antimony and gallium assay values consistently occur within previously reported intervals of high-grade silver-zinc-gold-lead-copper massive sulfides and are distributed throughout the resources. Niobium and vanadium highs occur primarily in the western portion of Dry Creek.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10967/240529_ff4094c424382981_002.jpg

Figure 1. Red Mountain Project Location.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/240529_ff4094c424382981_002full.jpg

Table 1. Select drilled intervals containing high antimony and gallium at the Dry Creek Zone.

Drill Hole  Interval Antimony Gallium Silver Gold Zinc Lead Copper
ID (m) (ppm) (ppm) (g/t) (g/t) (%) (%) %
DC24-105 14.3 725.8 57.8 222.0 1.2 8.4 3.7 0.2
DC24-106 24.5 114.0 35.8 55.5 2.0 4.1 1.3 0.1
including 2.5 334.0 22.1 249.5 15.0 22.0 7.0 0.4
DC18-76 23.6 547.5 77.4 106.9 0.6 2.7 1.1 0.1
including 4.1 993.2 84.1 84.6 0.4 4.7 2.3 0.2
DC18-77 6.8 2,928.4 81.7 938.7 1.5 3.5 1.7 0.4
including 4.3 4,432.2 96.7 1434.8 2.2 4.8 2.3 0.5
DC18-79 4.6 1,074.0 55.9 233.3 1.8 6.4 3.4 0.2
and 6.1 743.4 35.0 384.6 5.5 15.9 6.3 1.2
including 4.7 868.4 29.8 466.0 6.9 19.5 7.8 1.5

 

Table 2. Select drilled intervals of high antimony and gallium at the West Tundra Flats Zone.

Drill Hole  Interval Antimony Gallium Silver Gold Zinc Lead Copper
ID (m) (ppm) (ppm) (g/t) (g/t) (%) (%) %
WT24-33 2.90 919.6 14.5 417.4 0.7 9.1 4.8 0.1
WTF83-17 1.90 954.5 9.8 620.7 3.6 16.5 6.7 0.4
WT18-28 3.50 991.2 9.8 517.5 2.1 15.1 6.7 0.2

 

Notes: Reported intervals in Table 1 and 2 are drilled intervals not true widths.

Alex Walls, P.Geo., Vice President of Exploration, stated: "The high antimony and gallium content within both existing resource zones shows that there is more value to unlock at Red Mountain as we continue drilling to grow the already impressive polymetallic resource."

China is the world's largest producer of many critical minerals and has recently imposed a ban on the export of gallium, antimony, and other essential materials, further straining global supply chains. Critical minerals are vital to the economies of Canada and the U.S. and have now become a matter of national security, shedding light on the vulnerabilities within our supply chains. According to consultancy Project Blue, China controls 98.8% of the global supply of refined gallium, while China and Russia together dominate 70% of the world's supply of antimony.

Gallium is used in a variety of high-tech and energy-efficient applications, including AI technologies, data centers, light-emitting diodes (LEDs), magnet manufacturing, semiconductors, microchips, clean energy solutions, consumer electronics, communications, and thin-film solar technologies.

Antimony plays a critical role in several military and industrial applications, such as fire-retardant materials, ammunition, night vision goggles, nuclear weapons, anti-tank missiles, and armor-piercing bullets. It is also essential in the production of infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, tritium production, flares, military clothing, and communication equipment. Additionally, antimony is crucial in the creation of tungsten steel and the hardening of lead bullets.

About the Red Mountain VMS-SEDEX Project - Alaska, USA

Silver47's flagship Red Mountain property covers 633 square kilometres of Alaska State-managed land 100 kilometres south of Fairbanks, Alaska. The project is well situated for infrastructure, 30 kilometres east of the community of Healy which has power, rail and state highway access to Alaska Route 3, providing a valuable connection to the port of Anchorage and tide water. The Company has an approved permit to conduct advanced exploration across the project.

Red Mountain hosts a NI 43-101 inferred mineral resource estimate of 15.6 Mt at 7% zinc equivalent ("ZnEq") for 1Mt of ZnEq or 335.7 g/t silver equivalent ("AgEq") for 168.6 Moz AgEq at the Dry Creek (DC) and West Tundra Flats (WTF) resource areas as combined open pit and underground. DC and WTF are the two most advanced mineralized zones at Red Mountain, with at least 20 additional mineralized prospects discovered on the property to date over the 60 kilometres of highly prospective geology.

For more information, see the Red Mountain NI 43-101 technical report titled "Technical Report on the Red Mountain VMS Property, Bonnifield Mining District, Alaska, USA" dated January 12, 2024, prepared by Apex Geoscience Ltd., can be found on the Company's website https://silver47.ca/ and SEDAR+.

Quality Assurance and Quality Control

Quality assurance and quality control (QAQC) protocols for drill core sampling at Red Mountain project followed industry standard practices. Core samples were typically taken at 1.0 metre intervals in mineralized zones, and 3.0 metre intervals outside of mineralized zones. Sample lengths were adjusted as necessary so as not to cross lithologic and mineralogic boundaries. QAQC check samples were inserted into the sample stream with one blank, one duplicate (coarse), and one certified reference material (CRM) occurring within every 20 samples. Drill core was cut in half, bagged, sealed and delivered directly to ALS Minerals Fairbanks, Alaska for transport to the ALS Minerals Laboratories labs in North Vancouver, British Columbia. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Core samples were analyzed at ALS Laboratory facilities in North Vancouver using four-acid digestion with an ICP-MS finish. Gold analysis was by fire assay with atomic absorption finish, or gravimetric finish for over-limit samples. Over-limits for silver, zinc, copper, and lead were analyzed using Ore Grade four-acid digestion. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization.

Qualified Person

Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for the Company who is a "qualified person" as defined by National Instrument 43-101. Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the technical information and has approved the technical information in this press release.

About Silver47 Exploration Corp.

Silver47 wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada ‎and the US: the Flagship Red Mountain silver-gold-zinc-copper-lead VMS-SEDEX project in ‎southcentral Alaska; the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in ‎southern British Columbia, and the Michelle silver-lead-zinc-gallium-antimony MVT-SEDEX ‎Project in Yukon Territory.‎ Silver47 Exploration Corporation shares trade on the TSX-V under the ticker symbol AGA. For ‎more information about Silver47, please visit our website at www.silver47.ca.‎

On Behalf of the Board of Directors

Mr. Gary R. Thompson
Director and CEO
gthompson@silver47.ca

For investor relations
Meredith Eades
info@silver47.ca
778.835.2547

No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

Information set forth in this news release may involve forward-looking statements under applicable ‎‎securities laws. Forward-looking statements are statements that relate to future, not past, events. In this ‎‎context, forward-looking statements often address expected future business and financial performance, ‎and ‎often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", ‎statements that ‎an action or event "may", "might", "could", "should", or "will" be taken or occur, including ‎statements relating ‎to the trading of the Company's common shares on the TSXV, the prospective ‎geology and composition of its properties, anticipated results of further exploration on its properties, ‎statements relating to the YESAB litigation, or other similar expressions and all statements, other than ‎statements of historical fact included ‎herein. By their nature, forward-‎looking statements involve known ‎and unknown risks, uncertainties and other factors which may cause our ‎actual results, performance or ‎achievements, or other future events, to be materially different from any ‎future results, performance or ‎achievements expressed or implied by such forward-looking statements. ‎Such factors include, among ‎others, the following risks: the need for additional financing; the satisfaction of ‎the conditions imposed ‎by the TSXV on the Listing; operational risks associated with mineral exploration; ‎regulatory risks; ‎fluctuations in commodity prices; title matters; litigation risks; and the additional risks identified in the ‎‎Company's long form prospectus dated October 25, 2024 filed under its issuer profile on SEDAR+ and ‎other reports and filings with the TSXV and ‎applicable Canadian securities regulators. Forward-looking ‎statements are made based on management's ‎beliefs, estimates and opinions on the date that ‎statements are made and the Company undertakes no ‎obligation to update forward-looking statements if ‎these beliefs, estimates and opinions or other ‎circumstances should change, except as required by ‎applicable securities laws. Investors are cautioned ‎against attributing undue certainty to forward-looking ‎statements.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240529

News Provided by Newsfile via QuoteMedia

AGA:CC
Silver47 Exploration

Silver47 Exploration Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Silver47 Exploration

Silver47 Exploration


Keep reading...Show less

Advancing a premier high-grade US silver portfolio

Silver47 Exploration - OTC Markets Request

Silver47 Exploration - OTC Markets Request

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") confirms that, as previously announced on September 4, 2025, it has engaged Sideways Frequency LLC ("SFLLC") as an arms-length, third party firm contractually retained by the Company in accordance with routine industry practices to provide investor relations services for a 12 month term.

As part of the Company's efforts towards investor awareness, SFLLC organizes and facilitates the creation and distribution of promotional material concerning the Company and its common shares traded on the OTCQB marketplace (the "Promotional Material") on behalf of the Company. On September 10, 2025, the Company became aware that SFLLC had commenced distribution of Promotional Material which discussed the Company, its business and a general assessment of, and commentary on, the broader market for silver and silver exploration globally. The Promotional Material was available via email and online via click-through of digital media ads.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver47 Announces Closing of $23 Million Brokered LIFE Financing, Including Full Exercise of the Over-Allotment Option

Silver47 Announces Closing of $23 Million Brokered LIFE Financing, Including Full Exercise of the Over-Allotment Option

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the closing of its previously announced brokered private placement (the "Offering") of units (each, a "Unit") at a price of $0.70 per Unit for aggregate gross proceeds of $23,000,460, including the full exercise of the over-allotment option.

The Offering was led by Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Eventus Capital Corp. and Haywood Securities Inc. (collectively, the "Agents").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver47 Highlights Expansive High-Grade Gold and Silver System at the Kennedy Project, Nevada

Silver47 Highlights Expansive High-Grade Gold and Silver System at the Kennedy Project, Nevada

Samples up to 44.5 g/t Gold, 3,037 g/t Silver, and 8.56% Copper

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to provide assay results from a recently completed rock sampling program at its high-grade Kennedy gold-silver Project in Nevada (the "Kennedy Project"). Results demonstrate strong prospectivity for high-grade gold and silver mineralization across the under-explored project.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver47 Announces Upsize of Brokered LIFE Financing to $20 Million

Silver47 Announces Upsize of Brokered LIFE Financing to $20 Million

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that, due to strong investor demand, it has entered into an amendment agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents including Eventus Capital Corp. and Haywood Securities Inc. (collectively, the "Agents") to increase the size of its previously announced brokered private placement offering to up to 28,572,000 units (each, a "Unit") at a price of $0.70 per Unit, for aggregate gross proceeds of up to $20,000,400 (the "Offering").

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall be exercisable to acquire one Common Share at a price of $1.00 per Common Share for a period of 36 months from the closing of the Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver47 Announces $14 Million Brokered LIFE Financing

Silver47 Announces $14 Million Brokered LIFE Financing

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation, to act as lead agent and sole bookrunner, on behalf of a syndicate of agents including Eventus Capital Corp. and Haywood Securities Inc., in connection with a brokered private placement (the "Offering") of up to 20,000,000 units (each, a "Unit") at a price of $0.70 per Unit, for aggregate gross proceeds of up to $14,000,000.

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall be exercisable to acquire one Common Share at a price of $1.00 per Common Share for a period of 36 months from the closing of the Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Angkor Resources Advances Community Development In Ratanakiri, Cambodia

Angkor Resources Advances Community Development In Ratanakiri, Cambodia

(TheNewswire)

GRANDE PRAIRIE, ALBERTA TheNewswire - (September 18, 2025): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") proudly announces  its continuing community development program with basic infrastructure for transportation improvements.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Sun Summit Strengthens Cu-Au Porphyry Potential at the JD Project, Toodoggone District: Defines an Open-Ended 8.5 km Long IP Anomaly

Sun Summit Strengthens Cu-Au Porphyry Potential at the JD Project, Toodoggone District: Defines an Open-Ended 8.5 km Long IP Anomaly

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to report results from a recently completed induced polarization (IP) survey across the JD Porphyry Trend at the JD Project, Toodoggone Mining District, north-central British Columbia.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Osisko Gaspé Expansion Hole Intersects 133.7 Metres Averaging 1.04% Cu

Osisko Gaspé Expansion Hole Intersects 133.7 Metres Averaging 1.04% Cu

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

Osisko Metals CEO Robert Wares commented: "The growth potential of the Gaspé Copper deposit continues to be demonstrated with today's new high-grade results. Holes 30-1106 and 30-1109 reveal the presence of a thick, higher grade tabular zone lying at depth around the E Zone horizon near the eastern margin of our 2024 MRE model. This tabular zone may extend significantly to the east if it correlates to historical drilling results. Our expansion drilling is exceeding expectations, hand-in-hand with the solid infill results on our main resource area."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Corporate Presentation Mining Forum Americas

Vertex Minerals Limited Corporate Presentation Mining Forum Americas

Perth, Australia (ABN Newswire) - Flagship Project for Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF) - Reward Gold Mine, Hill End Corporate Presentation to Mining Forum Americas.

- Commenced Gold processing with new Gekko Gravity Gold Plant

- 100% owned

- No hedge - No Secured debt - fully funded

- Low operating Cost

- High Grade Gold Resource and Reserve 225 ozs at 16.7g/t + more

- Inherited >AUD $50m of underground development

- 1.8M Au oz historically mined

- Reward sits below the Hawkins Hill Mine 435kozs at 309 g/t

- Up to 95% recovery by gravity processes only

- Big Gold System, ~21Miles (34km) with >3,000 old workings

*To view the presentation, please visit:
https://abnnewswire.net/lnk/484ZF4X8



About Vertex Minerals Limited:

Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Canada One Commences 2025 Field Work Program at Flagship, Copper Dome Project

Canada One Commences 2025 Field Work Program at Flagship, Copper Dome Project

Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) ("Canada One" or the "Company") is pleased to announce the launch of its 2025 field exploration program at its flagship Copper Dome Project ("Copper Dome", "Property" or "Project"), located 18 km south of Princeton, British Columbia.

2025 FIELD WORK PROGRAM HIGHLIGHTS

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver47 Exploration

Silver47 Exploration Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News