Business
Western Alaska Minerals Announces Updated NI 43-101 Report
Highlighting Waterpump Creek Results and Exploration Implications TUCSON, AZ / ACCESSWIRE / M...
About this update from Alaska Silver Corp
[{"type":"text","content":"Western Alaska Minerals Announces Updated NI 43–101 ReportHighlighting Waterpump Creek Results and Exploration ImplicationsTUCSON, AZ / ACCESSWIRE / May 23, 2023 / Western Alaska Minerals (the \"Company\" or \"WAM\") (TSXV:WAM) is pleased to announce the publication and filing of its updated NI 43-101 report, (the \"Technical Report\") in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") on the Illinois Creek Project, Illinois Creek Mining District, Alaska, USA. The Technical Report, titled \"Illinois Creek Project Update\" dated May 22, 2023 (effective date of May 22, 2023) has been prepared by Bruce Davis, PHD, FAusIMM, Jack DiMarchi, CPG, Principal Geologist, and Deepak Malhotra, PhD, SME-RM, and is available on SEDAR (www.sedar.com) under the Company's issuer profile.The report provides a comprehensive update on the Illinois Creek Project, including the significant new drill discoveries made last season at the high-grade silver-zinc-lead Waterpump Creek zone. The updated NI 43-101 offers valuable insights into the latest findings and exploration implications. One of the key outcomes of the work completed by WAM to date, is the detailed exploration model, which serves as the foundation for WAM's 2023 exploration plans.\"This updated NI 43-101 report showcases our continued dedication to methodical exploration and delivering value to our stakeholders,\" said Kit Marrs, WAM's CEO. \"The remarkable results from the Waterpump Creek project and the comprehensive exploration model reaffirm our commitment to unlocking the full potential of our mineral resources in the Illinois Creek District.\"The publication of the updated NI 43-101 report underscores Western Alaska Minerals' commitment to providing investors with accurate and reliable information and demonstrates the Company's focus on responsible and sustainable mineral exploration.The Company's 2023 exploration program at the Waterpump Creek carbonate replacement deposit (\"CRD\") consists of two main components: in-fill drilling and step-out drilling. In-fill drilling aims to achieve optimal drill spacing, enabling accurate resource estimation. Additionally, step-out drilling will be conducted to expand the footprint of the bonanza silver-zinc-lead mineralization. This focused approach ensures a comprehensive unders...