# Silver47 Set to Commence 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-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c

Original source: https://money.tmx.com/en/quote/AGA/news/8253461782758717/silver47-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun

Publisher: tmx

Original announcement: 2026-06-04T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Silver47 Exploration

- Ticker: AGA

- Exchange: TSX

- Region: Alaska

- Primary commodity: Silver

- Secondary commodities: Zinc, Lead, Copper, Gold

- Document categories: Drill results, Resource update

- Extracted: 2026-08-20 22:21:54 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Silver47 is commencing a fully funded 10,000-meter summer drill program at the Red Mountain Project in Alaska, targeting resource growth at Dry Creek and new VMS targets. The program aims to expand the existing 168.6 million silver equivalent ounce inferred resource and test several high-priority polymetallic targets.

Reasoning: The announcement details a major 10,000m drill program targeting both resource expansion and new discovery at a high-grade VMS project, supported by significant existing silver-equivalent resources.

- Positive factor: large scale drill program

- Positive factor: high grade historical intercepts

- Positive factor: significant existing resource

- Negative factor: reliance on unverified historical data

Facts used in scoring: 8

## Classification and evidence

**Inferred Resource**

Polarity: negative

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

Why it applies: The primary resource components mentioned are classified as Inferred.

Evidence · text

> inferred mineral resource of 11.6 million tonnes

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release mentions metallurgical work and technical reports prepared by qualified persons.

Evidence · text

> metal recoveries are based on metallurgical work returned

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: The company explicitly states they have not independently verified historical data.

Evidence · text

> Silver47 has not independently verified this historical data through resampling, re-assaying, or other confirmatory methods

## Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

## Drill Results (8)

### DC24-105

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c#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
- Ticker: AGA

#### Geometry

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

#### Classification

- Group ID: DC24-105:unknown-unknown

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-04T00:00:00.000Z

Reasoning: High grade silver intercept within a known resource expansion zone.

- 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-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c#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
- Ticker: AGA

#### Geometry

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

#### Classification

- Group ID: DC24-105:unknown-unknown

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-04T00:00:00.000Z

Reasoning: Trace gold component in a high-grade silver intercept.

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-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c#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
- Ticker: AGA

#### Geometry

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

#### Classification

- Group ID: DC24-105:unknown-unknown

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-04T00:00:00.000Z

Reasoning: Significant zinc component in a polymetallic intercept.

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-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c#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
- Ticker: AGA

#### Geometry

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

#### Classification

- Group ID: DC24-105:unknown-unknown

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-04T00:00:00.000Z

Reasoning: Significant lead component in a polymetallic intercept.

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-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c#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
- Ticker: AGA

#### Geometry

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

#### Classification

- Group ID: DC24-105:unknown-unknown

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-04T00:00:00.000Z

Reasoning: Trace copper component in a polymetallic intercept.

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

### HR18-01

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c#fact-drill-facts-5)

Red Mountain Project · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: HR18-01
- Project: Red Mountain Project
- Commodity: zinc
- Ticker: AGA

#### Geometry

- Grade: 17.4
- Grade Unit: %
- Intercept: 1.4 m

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2018-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-04T00:00:00.000Z

Reasoning: High grade zinc intercept from historical drilling, but company notes it has not been independently verified.

- Negative factor: unverified historical data

Evidence · text

> 1.4 m of 17.4% Zn, 3.9% Pb, 1.6% Cu, 90 g/t Ag and 0.23 g/t Au \(HR18-01\)

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c#fact-drill-facts-6)

silver

#### Identity

- Commodity: silver
- Ticker: AGA

#### Geometry

- Grade: 336
- Grade Unit: g/t AgEq

#### Review

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

#### Dates

- Event date: 2026-06-04T00:00:00.000Z

Reasoning: Significant inferred resource at Dry Creek.

- Positive factor: large scale

- Negative factor: all inferred

Evidence · text

> Dry Creek deposit \(inferred mineral resource of 11.6 million tonnes at 279.4 g/t AgEq, totaling 104.0 million silver equivalent ounces\*

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/silver47-set-to-commence-fully-funded-10-000-meter-drill-program-at-the-red-moun--b82e4558-3da1-4ffd-957c-76c0d224cf0c#fact-drill-facts-7)

silver

#### Identity

- Commodity: silver
- Ticker: AGA

#### Geometry

- Grade: 496.9
- Grade Unit: g/t AgEq

#### Review

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

#### Dates

- Event date: 2026-06-04T00:00:00.000Z

Reasoning: Inferred resource at West Tundra Flats.

- Negative factor: all inferred

Evidence · text

> West Tundra Flats deposit \(inferred mineral resource of 4.0 million tonnes at 496.9 g/t AgEq, totaling 64.6 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.