# Silver47 Commences Fully Funded 10,000-Meter Drill Program at the Red Mountain Silver and Critical Minerals Project, Alaska

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/silver47-commences-fully-funded-10-000-meter-drill-program-at-the-red-mountain-s--14960116-2655-421b-8cb2-e48429234926

Original source: https://money.tmx.com/en/quote/AGA/news/5652939311236114/silver47-commences-fully-funded-10-000-meter-drill-program-at-the-red-mountain-s

Publisher: tmx

Original announcement: 2026-06-12T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Silver47 Exploration Corp

- Ticker: AGA

- Exchange: TSX

- Region: Alaska

- Primary commodity: Silver

- Secondary commodities: Gold, Copper, Zinc, Lead

- Document categories: Drill results, Resource update

- Extracted: 2026-08-20 22:23:13 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Silver47 has commenced a fully funded 10,000-meter summer drill program at the Red Mountain Project in Alaska. The campaign aims to expand the existing inferred silver resource at Dry Creek and test new polymetallic VMS targets across a 60 km mineralized corridor.

Reasoning: The company is commencing its largest-ever drill program \(10,000m\) targeting both resource expansion at Dry Creek and new discovery drilling across a 60km corridor. While the program is high-impact, the company notes that some historical data used for targeting has not been independently verified.

- Positive factor: large scale exploration program

- Positive factor: fully funded

- Positive factor: resource expansion potential

- Positive factor: district scale targets

- Negative factor: reliance on historical data that has not been independently verified

Facts used in scoring: 6

## Classification and evidence

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The program includes a series of infill holes designed to expand the Dry Creek deposit.

Evidence · text

> through a series of infill and step-out holes

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The program includes step-out holes to investigate the orientation and structural controls of mineralization.

Evidence · text

> through a series of infill and step-out holes

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The reported resource for Dry Creek is classified as Inferred.

Evidence · text

> inferred mineral resource of 11.6 million tonnes

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Galen McNamara, P. Geo., is identified as the Qualified Person for the technical content.

Evidence · text

> reviewed and approved by Galen McNamara, P. Geo., the CEO and a director of the Company and a "qualified person"

## Extracted facts

Stored fact records: 6. Some facts used in scoring do not have a stored record.

## Drill Results (6)

### DC24-105

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-commences-fully-funded-10-000-meter-drill-program-at-the-red-mountain-s--14960116-2655-421b-8cb2-e48429234926#fact-drill-facts-0)

Red Mountain Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: DC24-105
- Project: Red Mountain Project
- Commodity: silver
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: AGA

#### Geometry

- Grade: 150.6
- Grade Unit: g/t
- Intercept: 22.3 m

#### Classification

- Group ID: DC24-105:0-22.3

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-06-04T00:00:00.000Z

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: High grade silver intercept reported in a recent hole.

- Positive factor: high grade

Evidence · text

> 22.3 m at 601 g/t AgEq\* \(150.6 g/t Ag, 0.82 g/t Au, 5.86% Zn, 2.60% Pb, 0.13% Cu\) in DC24-105

### DC24-105

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-commences-fully-funded-10-000-meter-drill-program-at-the-red-mountain-s--14960116-2655-421b-8cb2-e48429234926#fact-drill-facts-1)

Red Mountain Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: DC24-105
- Project: Red Mountain Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: AGA

#### Geometry

- Grade: 0.82
- Grade Unit: g/t
- Intercept: 22.3 m

#### Classification

- Group ID: DC24-105:0-22.3

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-06-04T00:00:00.000Z

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: Gold grade component of a historical intercept.

Evidence · text

> 0.82 g/t Au

### DC24-105

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-commences-fully-funded-10-000-meter-drill-program-at-the-red-mountain-s--14960116-2655-421b-8cb2-e48429234926#fact-drill-facts-2)

Red Mountain Project · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: DC24-105
- Project: Red Mountain Project
- Commodity: zinc
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: AGA

#### Geometry

- Grade: 5.86
- Grade Unit: %
- Intercept: 22.3 m

#### Classification

- Group ID: DC24-105:0-22.3

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-06-04T00:00:00.000Z

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: Zinc grade component of a historical intercept.

- Positive factor: significant zinc grade

Evidence · text

> 5.86% Zn

### DC24-105

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-commences-fully-funded-10-000-meter-drill-program-at-the-red-mountain-s--14960116-2655-421b-8cb2-e48429234926#fact-drill-facts-3)

Red Mountain Project · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: DC24-105
- Project: Red Mountain Project
- Commodity: lead
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: AGA

#### Geometry

- Grade: 2.6
- Grade Unit: %
- Intercept: 22.3 m

#### Classification

- Group ID: DC24-105:0-22.3

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-06-04T00:00:00.000Z

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: Lead grade component of a historical intercept.

- Positive factor: significant lead grade

Evidence · text

> 2.60% Pb

### DC24-105

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-commences-fully-funded-10-000-meter-drill-program-at-the-red-mountain-s--14960116-2655-421b-8cb2-e48429234926#fact-drill-facts-4)

Red Mountain Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: DC24-105
- Project: Red Mountain Project
- Commodity: copper
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: AGA

#### Geometry

- Grade: 0.13
- Grade Unit: %
- Intercept: 22.3 m

#### Classification

- Group ID: DC24-105:0-22.3

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-06-04T00:00:00.000Z

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: Copper grade component of a historical intercept.

Evidence · text

> 0.13% Cu

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-commences-fully-funded-10-000-meter-drill-program-at-the-red-mountain-s--14960116-2655-421b-8cb2-e48429234926#fact-drill-facts-5)

silver

#### Identity

- Commodity: silver
- Ticker: AGA

#### Geometry

- Grade: 279.4
- Grade Unit: g/t AgEq

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-06-12T00:00:00.000Z

Reasoning: The Dry Creek deposit contains a significant inferred silver equivalent resource.

- Positive factor: large silver equivalent resource

- Negative factor: inferred category only

Evidence · text

> inferred mineral resource of 11.6 million tonnes at 279.4 g/t AgEq, totaling 104.0 million silver equivalent ounces

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.