The discovery comes shortly after President Donald Trump’s vow to unleash Alaska’s resource potential. Source: Macklin Holloway/Shutterstock.com.

Silver47 has identified concentrations of several elements at its Red Mountain project in Alaska, including those listed by both the US and Canada as “critical metals”.  

A full review of historic and recent drill assays was undertaken following the 2024 drill programme.  

As a result of recent efforts, high-grade zinc, silver, gold, lead and copper were found, as well as elevated amounts of antimony , gallium, niobium and vanadium  within the Dry Creek (DC) and West Tundra Flats (WTF) resource zones. DC and WTF are the two most advanced mineralised zones at Red Mountain. 

The highest grades of antimony, gallium and vanadium occur at the Dry Creek zone, where up to 6,230 parts per million (ppm) antimony, 116.4ppm gallium and 1,110ppm vanadium were identified. 

The most significant interval drilled at the Dry Creek zone was from hole DC18-77. This hole returned 6.8m of 2,928.4ppm antimony, 81.7ppm gallium, 938.7 grams per tonne (g/t) of silver, 1.5g/t of gold, 3.5% zinc, 1.7% lead and 0.4% copper. 

Silver47 CEO Gary R Thompson, stated: “The identification of gallium and antimony, among other critical minerals, within the resource zones has the potential to add significant value to our Red Mountain project.”  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“While we are focused on growing the silver-gold and base metals resource at Red Mountain, further assessment of these critical minerals, which are used in a myriad of high-tech applications, is planned to better understand the potential contribution that they may have on the project.” 

Gallium is used in technology such as electronics and clean energy solutions, while antimony plays a critical role in several military and industrial applications. China has imposed a ban on the export of antimony, gallium and other critical minerals to the US. 

Silver47 announcement comes after US President Donald Trump signed an executive order on 20 January, his first day in office, to “unleash Alaska’s extraordinary resource potential”. 

In the statement, the president said: “Unlocking this bounty of natural wealth will raise the prosperity of our citizens while helping to enhance our Nation’s economic and national security for generations to come.”