Silver47 Advances 168Moz Silver Resource at Alaska Red Mountain | Giordy Belfiore

Silver47 Exploration (TSXV: AGA) is advancing a portfolio of high-grade silver projects in the United States, led by the Red Mountain deposit in Alaska, which hosts a 168 Moz silver-equivalent resource grading 336 g/t. Speaking with Kitco Mining at PDAC 2026 in Toronto on March 2, VP of Investor Relations Giordy Belfiore said the company is focused on building a high-grade U.S. silver portfolio across projects in Alaska, Nevada and New Mexico. “It has 168 million ounce silver equivalent resource at 336 grams per ton,” Belfiore said of Red Mountain.Silver47 plans 15,000 to 20,000 meters of drilling at Red Mountain beginning in early June, using four rigs to expand the resource and test new targets. Belfiore also said the company is starting about 7,000 meters of drilling at its Hughes project in Nevada, with exploration results expected through the year.“Today, we get 30 cents to 40 cents depending on the day,” Belfiore said, referring to the company’s enterprise value per ounce compared with higher valuations among peer silver explorers. Silver47 currently has about $55 million in working capital to fund exploration across its three U.S. projects.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Silver47 Exploration, visit: https://silver47.ca/00:28 - Silver47 Project Portfolio Overview01:27 - Company History and Summa Silver Merger02:01 - Red Mountain Drill Program Plans02:57 - Alaska Access and Polymetallic Metallurgy04:26 - Critical Minerals and Alaska Permitting Advantage05:25 - Growth Strategy Through Drilling and M&A06:10 - Funding Position and Investor Base08:33 - Valuation Gap and Rerating Strategy09:50 - Red Mountain Resource Update and PEA Path10:30 - Long-Term Business Plan for Project Development11:32 - 2026 Catalysts and Hughes Tailings Opportunity__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.