Silver47 Exploration Corp. reports news on mineral exploration and development of silver-rich precious-metals projects in North America, with U.S. operations referenced in Alaska, Nevada and New Mexico. Recurring updates center on exploration results, claim staking, geological mapping, drilling programs and project-scale work at assets including the Kennedy gold-silver Project in Nevada and the Hughes Project near Tonopah.
Company announcements also cover metallurgical testwork on historic Belmont tailings at Hughes, participation in critical-minerals industry initiatives, and shareholder-meeting matters such as director elections, auditor approval and equity incentive plans.
Silver47 Exploration (AAGAF) completed a soil survey at its wholly owned Kennedy gold-silver project in Nevada, identifying anomalies across priority exploration areas. The survey collected 2,924 samples over approximately 18 km². Gold and multi-element anomalies coincide with an approximately 15 km vein network, including a continuous approximately 1.3 km anomaly along Cricket-Accident, where previously reported selective rock samples reached 39.4 g/t gold with 370 g/t silver.
Anomalies extend approximately 600 m northwest of Danneburg and 1 km north of Gold Note. At Lamberson, an approximately 500 m × 600 m gold anomaly may indicate an intrusion-related disseminated gold target. Silver47 plans an induced polarization survey, which measures subsurface electrical responses, to help select targets for potential inaugural drilling. Selective rock samples may not represent mineralization across the project.
Silver47 Exploration (AAGAF) has mailed materials for its October 27, 2026 shareholder meeting to consider Bunker Hill Mining's proposed acquisition. Bunker Hill would acquire all outstanding Silver47 common shares, with holders receiving 0.1724 Bunker Hill shares for each Silver47 share held immediately before closing.
Based on Bunker Hill's August 20, 2026 TSX closing price, the exchange ratio implied approximately C$0.93 per Silver47 share: approximately 38% above Silver47's TSXV closing price and 30% above its 20-day volume-weighted average price. Silver47 expects the combination to increase scale and trading liquidity, with anticipated Bunker Hill operating cash flow supporting portfolio development. The board unanimously recommends approval and received a fairness opinion from Research Capital Corporation. Shareholder approval remains pending; the proxy deadline is October 23, 2026 at 10:00 a.m. Vancouver time.
Silver47 Exploration (AAGAF) reported metallurgical test results showing up to 80% silver and 77% gold extraction from Belmont mine tailings at the Hughes Project in Nevada.
Agitated cyanide leach tests on west and east master composites, ground to P80 53 μm, delivered about 76–77% gold and 80% silver extraction, with sodium cyanide consumption of 1.7–2.1 kg/t and lime addition of 0.5–0.7 kg/t. The work indicates agitated cyanide leaching, rather than heap leaching, as the preferred processing route for an inferred tailings resource of 1.8 Moz silver and 11 koz gold (68 g/t AgEq) within approximately 1.26 Mt on private land, supporting further technical and economic evaluation of reprocessing.
The company also entered a marketing and advertising agreement with CDMG for an investor-awareness campaign running through 2027, for which it paid US$1,514,578, subject to TSX Venture Exchange approval.
Silver47 Exploration (AAGAF) has completed its 2026 summer drill program at the Red Mountain Project in Alaska, highlighted by a visually observed 196.9 m interval of continuous sulfide mineralization in Second Chance drill hole SC26-003, including a cumulative 74 m of semi-massive to massive sulfide, with assays pending.
Four of five Second Chance holes hit the sulfide horizon over about 200 m of strike and 150 m down-dip, and surface mapping has traced the horizon for 3 km, remaining open. At the Dry Creek deposit, all five 2026 holes intersected broad sulfide zones, including 50.6 m of visually observed continuous sulfide in DC26-118, of which about 34 m is massive to semi-massive. Across Red Mountain, 4,136 m were drilled in 14 holes testing Dry Creek, Second Chance, Hunter, WTF East and FOMO. At the Mogollon Project in New Mexico, two winter drill holes intersected epithermal silver-gold mineralization beneath the historic Last Chance mine, outside the current inferred resource of 2.72 Mt at 367 g/t AgEq (32.08 Moz AgEq).
Lithium Corporation (OTCQB: LTUM) highlights the proposed merger between Bunker Hill Mining and Silver47 Exploration (TSXV: AGA, OTCQX: AAGAF), which have signed a definitive agreement dated August 20, 2026 for Bunker Hill to acquire all Silver47 common shares. The combined company intends to operate as Bunker Hill Silver Corp, focused on U.S. silver and critical minerals.
This development is relevant to Lithium Corporation because it holds a 25% interest in Summa LLC, which optioned the Hughes Tonopah Project in Nevada to Summa Silver in 2020. Summa Silver merged with Silver47 in 2025, and Lithium Corporation effectively retains a 0.25% net smelter return (NSR) royalty on the Tonopah property and the Belmont Tailings Project. Work by Lithium Corporation and partners helped define an inferred resource of 2.74 million silver-equivalent ounces at Belmont Tailings.
Silver47 Exploration (TSXV: AGA, OTCQX: AAGAF) reported results from a 21-hole auger drill program on the Belmont mine tailings at the Hughes Project, Tonopah, Nevada. All holes encountered continuous silver-gold mineralization from surface to the base of tailings, averaging 3.3 m thick.
The Belmont tailings host an inferred mineral resource of 1.8 Moz silver and 11 koz gold, equal to 2.74 Moz AgEq at 68 g/t AgEq, within approximately 1.26 Mt. The tailings lie on 84 acres of patented private land adjacent to US Highway 6. Metallurgical testwork, including cyanide leach and CIL testing, is underway to assess potential low-impact reprocessing and economic feasibility.
Silver47 Exploration (OTCQX: AAGAF) has started a fully funded, 10,000‑meter, three‑rig drill program at the Red Mountain silver and critical minerals project in Alaska. Drilling targets expansion of the inferred 168.6M silver-equivalent ounce resource and testing new polymetallic VMS targets along a 60 km corridor. Silver47 reports about C$48 million in working capital to support the 2026 campaign.
Silver47 (OTCQX:AAGAF, TSXV:AGA) plans a fully funded 10,000-meter, three‑rig summer 2026 drill program at the Red Mountain silver and critical minerals project in Alaska.
The campaign targets expansion of the Dry Creek inferred resource and discovery drilling across a 60 km polymetallic VMS corridor, including Hunter, WTF East, Glacier Creek, FOMO and Sheep Creek.
Silver47 (OTCQX: AAGAF) on May 7, 2026 reported rock sampling from its expanded Kennedy gold-silver Project (6,150 acres) in Nevada. Highlights include assays up to 38.7 g/t Au and 1,713 g/t Ag, a ~15 km near-surface vein network, and 70 new rock samples.
Work underway includes 3,000-sample soil surveying, follow-up IP geophysics, continued mapping, and a separate Hughes project drill program (20% of planned meters completed).
Silver47 (OTCQX: AAGAF) will issue 56,902 common shares as the fifth of ten annual payments under amended mining lease agreements for the Mogollon project near Silver City, New Mexico, subject to TSXV approval.
The shares are deemed at $0.6855 each (20-day VWAP). Annual cash payments are US$99,067, of which up to US$27,018 may be paid in shares indexed to the PPI and subject to TSXV pricing rules.