Silver Explorer Uncovers High-Grade Silver Bonanza in BC
Silver47 Exploration Corp. (AGA:TSX.V; AAGAF:OTCQB) conducted a 5,008-sample survey at Adams Plateau, hit surface assays to 3,503 g/t Ag, and locked in a 5-year drill permit to drill silver-rich SEDEX targets. Read more as the company readies its first modern drilling on the 150 square kilometer property, with new geochemical data and prospector's found showings.
Silver47 Exploration Corp. (AGA:TSX.V; AAGAF:OTCQB) has announced the near completion of its 2025 field program at the wholly owned Adams Plateau Project in southern British Columbia. The project, which hosts silver, zinc, lead, copper, and gold mineralization, is part of the prolific Eagle Bay Assemblage and is considered a sedimentary exhalative (SEDEX) target, an important deposit type known for stratiform, high-grade base and precious metal occurrences.
According to the company, the program included the collection of 5,008 soil samples over a 35 square kilometer area, as well as 76 rock samples. These efforts were focused on infilling historical geochemical grids and extending coverage across the central and eastern zones of the property. The recent campaign builds on historical sampling and targets areas of previously identified high-grade mineralization.
The company's CEO, Gary Thompson, emphasized the project's advancement, stating in the news release, "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries."
The 2025 campaign integrates legacy data with recent soil and rock sample results, including samples showing up to 3,503 grams per tonne (g/t) silver, 1.0 g/t gold, 9.17% zinc, and more than 20% lead. These values were recorded in areas with limited historical drilling. Historic drill holes from the 1970s and 1980s also reported intervals such as 4.8 meters grading 348 g/t silver, 0.72 g/t gold, 8.5% zinc, and 18.8% lead.
A 5-year multi-year area-based (MYAB) permit was recently granted to Silver47, allowing the company to advance to drilling stages. While several zones on the property have seen intermittent small-scale production historically, Silver47 is the first company to consolidate the land package and carry out modern exploration over its full extent.
The Adams Plateau property spans approximately 150 square kilometers and is accessible by road, with power and rail infrastructure nearby. Historical exploration in the area dates back nearly a century, with over 130 documented technical reports, including data from more than 7,000 soil samples and numerous rock and silt samples. Mineralization on-site has been characterized as consistent with SEDEX and volcanogenic massive sulphide (VMS) systems, with sulfide mineral layers composed of sphalerite, galena, pyrite, tetrahedrite, and chalcopyrite.
Silver Sector Remains Resilient Amid Surging Demand and Tight Supply
The silver sector has remained under persistent supply pressure while experiencing rising demand across industrial and investment channels in 2025. According to Mountain Valley Value Investments in a July 8 report, "Silver is in its fifth consecutive year of supply deficit," largely due to surging industrial use and stagnating mining output. The firm noted that photovoltaic (solar panel) demand alone represented 32% of total silver consumption in 2024, with the automotive sector following closely behind, projected to use 90 million ounces in 2025.
This shift in industrial usage reflects a broader transformation in silver's demand profile. Mountain Valley Value Investments explained, "Industrial demand now represents the largest and fastest-growing segment of silver demand, driven by multiple secular trends." These include electric vehicle manufacturing and increased demand for high-conductivity materials in technology and artificial intelligence applications.
Investment demand has also remained strong. In a July 9 article, Kitco News reported that silver "continues to consolidate above US$36 an ounce," marking its best half-year performance since 2010. The article highlighted the launch of the Sprott Silver Miners & Physical Silver ETF, which reached US$100 million in assets under management within its first five months. John Ciampaglia, CEO of Sprott Asset Management, stated, "Silver seems to be hitting its stride, with prices recently breaking US$35 per ounce for the first time in more than 12 years."
Kitco's coverage also reflected broader investor behavior in response to gold's recent surge. Ryan McIntyre, Senior Managing Partner at Sprott Inc., commented, "With gold above US$3,000 an ounce, investors will start to look for value in silver." The gold-to-silver ratio, which reached multi-year highs earlier in 2025, was cited as a potential indicator of silver's relative appeal to investors seeking alternatives in the precious metals space.
Safe-haven demand also played a key role in supporting silver prices amid renewed geopolitical concerns. According to a July 10 report by FXStreet, silver traded around US$36.50 per ounce as market participants responded to new U.S. tariffs on multiple countries, including a 50% tariff on copper imports. The report noted that "the dollar-denominated Silver is also supported by a weaker US Dollar," which tends to increase silver's affordability for international buyers.
Analyst Sees Major Upside at Silver47 Following Drill Launch and Transformational Merger
On June 18, Peter Krauth of Silver Stock Investor issued a positive evaluation of Silver47 Exploration Corp., citing the commencement of its fully funded 4,000-meter drill program at the Red Mountain VMS Project in Alaska. Krauth noted that "the drills have already started turning" and described the campaign as being "about to get multiple boosts that could unlock big value." He identified the primary goal as resource expansion at the Dry Creek and West Tundra Flats zones, which he said have demonstrated "big potential for resource growth."
Krauth highlighted past drilling success as a reason for optimism, referencing hole DC24-105, which intersected 22.32 meters grading 601 grams per tonne silver equivalent (AgEq), and WT24-33, which returned 2.90 meters at 1,079 g/t AgEq. He added that these intercepts also contained elevated levels of antimony and gallium critical minerals not yet included in the existing Red Mountain resource estimate. Krauth suggested that their future inclusion "could lead to a significant increase in overall size and grade."
He also addressed the significance of Silver47's merger with Summa Silver and the financial strength resulting from a recently completed CA$6.9 million oversubscribed financing. According to Krauth, this capital positioned the merged company to expand the Red Mountain drill program, targeting areas with historically high silver and gold grades while assessing the deposit's critical mineral content to support U.S. supply chain objectives.
At the time of his report, Krauth noted that Silver47 had recently been added to the Silver Stock Investor portfolio and had already appreciated 22%. While he acknowledged that strong silver prices played a role, he concluded that Silver47 was "one solid explorer with a large resource and a transformational merger with Summa Silver on tap."
On July 3, 2025, in an interview published by Ahead of the Herd, geological advisor Quinton Hennigh and resource commentator Bob Moriarty offered strong endorsements of Silver47 Exploration Corp. and its flagship Red Mountain project in Alaska. According to Hennigh, the property is "an exciting geological belt where they've established a district-scale position." He noted that Silver47 acquired the asset from White Rock Minerals and has since focused solely on its silver-rich VMS (volcanogenic massive sulfide) potential, describing it as a "premier silver exploration company" with "numerous targets" and the possibility of discovering "several tens of millions of tonnes." Hennigh emphasized that if this scale is realized, the deposit could rival Greens Creek, a well-known and long-lived silver mine.
Hennigh also drew attention to the geological characteristics of Red Mountain, explaining that while the system is categorized as VMS, its blend of volcanic and sedimentary elements could also imply SEDEX-style features, indicating potential for "large-scale mineralization." The project currently includes an initial resource of approximately 10-12 million tonnes of high-grade zinc-silver material at the Dry Creek and West Tundra Flats zones, which he believes is "likely to be substantially expanded."
Moriarty added further support for Silver47, highlighting the strategic importance of its seasonal Alaskan operations being complemented by Summa Silver Corp.'s year-round drill programs in the southern U.S., following the companies' merger. According to Moriarty, "It's a perfect example of a symbiotic relationship where the combined value exceeds the sum of its parts." He stated that Red Mountain already hosts "an economically viable resource that will eventually become a mine," and praised the merger for ensuring consistent news flow and investor visibility across seasons.
Both analysts commended management's technical decisions and strategic foresight, with Hennigh calling the combination of Red Mountain and Summa's Mogollon project "a compelling investment narrative." He expressed enthusiasm about the scale and underexplored nature of Mogollon, while also reaffirming his belief that Red Mountain could support a major mining operation based on its early results.
Key Developments Ahead
Silver47 has outlined several developments and operational events of interest based on its latest corporate presentation dated June 2025. The company noted that the Adams Plateau exploration program complements its flagship Red Mountain Project in Alaska, which is part of a broader strategy to develop high-grade silver assets in North America.
In the coming months, the company is expected to refine and prioritize drill targets across Adams Plateau using the newly completed geochemical survey in combination with historical datasets. These targets are situated across a largely underexplored terrain, enhanced by new access created through logging operations and forest fire clearings.
Silver47 is also in the process of completing a proposed merger with Summa Silver Corp. The business combination, conducted through a court-approved plan of arrangement, would result in a pro forma company with a US-focused portfolio of silver projects. As disclosed, Silver47 shareholders would own approximately 56% of the merged company, with Summa shareholders holding the remaining 44%. The merged entity would maintain a combined cash position of approximately CA$15 million, according to company filings.
Streetwise Ownership Overview*
Silver47 Exploration Corp. (AGA:TSX.V; AAGAF:OTCQB)
*Share Structureas of 3/12/2025Source: Refinitiv and Silver47The strategic merger aims to consolidate a high-grade silver resource base across Alaska, Nevada, and New Mexico. Post-merger, the combined mineral resource base would include approximately 10 million ounces of indicated silver-equivalent and 236 million ounces of inferred silver-equivalent, calculated using company-disclosed pricing and recovery assumptions.
Ownership and Share Structure
According to management, Silver47's ownership breakdown is this: 29.51% held by six strategic entities, 9.17% owned by one institution and the rest in retail.
The Top 3 shareholders overall are the company's CEO Gary Thompson, with 14%, Crescat Capital with 9.5% and Eric Sprott with 5.5%.
Silver47 has 70.4 million outstanding shares and 35.28 million free float traded shares. Its market cap is CA$60 million.
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Silver47 is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver47.James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.