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Western Alaska Minerals' New District-Scale CRD-Porphyry Exploration Modeling Reveals High-Potential Targets for 2023 Drilling
TUCSON, AZ / ACCESSWIRE / February 28, 2023 / Western Alaska Minerals Corp. (the "Company" or ...
About this update from Alaska Silver Corp
[{"type":"text","content":"Western Alaska Minerals' New District-Scale CRD-Porphyry Exploration Modeling Reveals High-Potential Targets for 2023 DrillingTUCSON, AZ / ACCESSWIRE / February 28, 2023 / Western Alaska Minerals Corp. (the \"Company\" or \"WAM\") (TSXV:WAM) is pleased to announce updated interpretations of geological, geochemical, and geophysical surveys, which combined, indicate multiple high-potential carbonate replacement deposit (\"CRD\") and porphyry copper-gold drill targets on the 100%-owned Illinois Creek property in Alaska, USA.Highlights\"East Block\" (see Map 1)Geophysics (IP and CSAMT) and soil geochemistry reveal several robust overlapping anomalies that coincide closely with the high-grade silver-lead-zinc CRD mineralization discovered in 2022 (See Press Releases of Sep 22, 2022 and Jan 17, 2023).IP geophysics indicates an offset of the Waterpump Creek CRD mineralization but continuing 1.4 kms to the south across the Illinois fault (See Figure 3 below). This look-alike anomaly is over three times longer than the current known Waterpump Creek sulfide body. The anomaly continues to the limits of the IP survey.\"West Block\" (see Map 1)Several large-scale new targets have been developed, including an approximately 4 x 2 km target dubbed the \"Warm Springs\" CRD target. This target is in untested carbonate stratigraphy permissive for mineralization adjacent to historically mined Au/Ag gossans.The Warm Springs CRD target extends to the west into a major coincident copper-gold soil anomaly lying south of the historical Illinois Creek gold oxide mine. This 1.5 x 1.5 km target could represent the porphyry-related mineralizing fluid source for the property.\"Our rapidly growing data sets have defined some very exciting targets for our upcoming program,\" said Kit Marrs, Western Alaska's President and CEO. \"I would like to acknowledge our technical team for their excellence in compiling and reinterpreting our historical and new data. We are eager to get back on the ground and get the rigs turning\".Execution PlansThe Company is having additional drilling rigs built for fast-track testing of the numerous targets emerging from the updated exploration model. Current plans are to drill up to 17,000m in 2023, deploying up to 4 rigs to both expand the Waterpump Creek mineralization discovered in 2022 and begin testing the property wide CRD explo...