Silver47 Auger Program Confirms 2.74 Moz Silver Equivalent Tailings Resource at Surface, Hughes Project, Nevada

Silver47 Exploration reported strong auger-drill results from the Belmont tailings at its Hughes Project in Nevada, confirming continuous silver-gold mineralization in all 21 holes from surface to the base of the tailings. The company says the tailings host an inferred resource of about 2.74 million ounces silver equivalent, including 1.8 million ounces silver and 11,000 ounces gold, on private land adjacent to US Highway 6. Average thickness was 3.3 meters across the impoundment, supporting the idea of a near-surface, low-disturbance domestic silver source. With metallurgical testwork now underway, including cyanide leach and CIL testing, the key market takeaway is that the project is moving closer to an economic evaluation of possible low-cost reprocessing. The release is constructive for the company and broadly positive for silver-related equities, though it remains an exploration-stage update with feasibility still pending.