WESTERN ALASKA MINERALS ANNOUNCES HIGH-GRADE ASSAYS Including 1.15 meters of 687 g/t Ag, 33.6% Pb and 3.2m of 88.5 g/t Ag, 2.4% Pb, 4.0% Zn
NEWS RELEASE
WESTERN ALASKA MINERALS ANNOUNCES HIGH-GRADE ASSAYS
Including 1.15 meters of 687 g/t Ag, 33.6% Pb and 3.2m of 88.5 g/t Ag, 2.4% Pb, 4.0% Zn
TUCSON, ARIZONA, US – September 10, 2024 - Western Alaska Minerals the " Company" or
"WAM") (TSXV: “WAM”) is pleased to provide an update of the 2024 discovery at the Warm Springs
(“WS”) Target on its 100% owned Illinois Creek project in western Alaska.
Highlights:
• Silver-zinc-lead replacement style mineralization has been intersected at Warm Springs,
analogous to that encountered along the WPC trend (Table 1):
o Including 1.15 m @ 687 g/t Ag, 33.64% Pb
o Including 3.2 m @ 88.5 g/t Ag, 2.39% Pb, 4% Zn
• 2024 drilling has identified a major area of multi-phase mineralization including alteration
and brecciation in the Warm Springs Target area.
• Large footprint: drilling indicates the area of alteration at Warm Springs is 720m north south.
• Copper and gold mineralization, resembling the nearby Illinois Creek Mine resource , has
also been intersected (see News Release August 29, 2024).
Click here to watch Technical Advisor, Dr. Peter Megaw and Project Geologist, Sage Langston -
Stewart, describing the large -scale potential and implications from the initial drill results at the
Warm Springs discovery.
Assays from only two of nine drill holes at Warm Springs have been received to date (IC24-0004 and
IC24-0005). The Company will provide a detailed assessment once all data is analyzed.
Table 1. Table of highlight intercepts from drill hole IC24-0005.
Hole
From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
Pb
(%)
Zn
(%)
IC24-0005 212.60 213.75 1.15 0.226 687 33.64 0.10
IC24-0005 318.60 326.60 8.00 0.194 12.9 2.06 0.49
including 318.60 319.30 0.70 0.035 94.1 6.79 0.36
IC24-0005 352.20 355.41 3.21 0.020 88.5 2.39 4.00
All intercepts are core length and are close to true width. Core recovery averaged 70.0% for reported intercepts.
Table 2. Coordinate locations and angles for drill holes IC24-0005
Hole Easting Northing Angle Azimuth TD (m)
IC24-0005 555150 7101159 -60 000 358.75
Figure 1: IC24-0005 Galena zone: 212.6-213.75m
Warm Springs Target Summary
The 2024 drilling program has discovered a new “finger” or “spoke” of the Illinois Creek CRD system
(see Fig 4), transforming Warm Springs from a promising geophysical target into a confirmed, large-
scale prospect. Initial assays reveal distinct mineralization zones, including high-grade gold-copper
and silver-lead-zinc, in thin intervals. These results validate o ur exploration model and underscore
the project's potential.
Figure 2. Warm Springs 555150E Cross Section depicting upper gold -copper zone associated with
massive pyrite + arsenopyrite and intense silicification and brecciation. A lower silver -lead-zinc zone is
associated with recrystalized ankerite. The alteration and mine ralization zone is 720 meters wide north-
south.
Technical Discussion
Drilling reveals multiple mineralization pulses in a large CRD hydrothermal system, containing gold,
copper, silver, lead, and zinc. The alteration and mineralization zone is 10 times larger than
Waterpump Creek, suggesting potential for a large CRD-style deposit. Exploration continues to
delineate the system zone by zone.
Warm Springs displays an upper zone intense silicification, brecciations associated with massive to
semi-massive pyrite associated with gold -copper mineralization and a lower zone of recrystalized
ankerite associated with sphalerite (zinc) and galena (lead ) mineralization. This contrasts with
Waterpump Creek which displayed an upper zone of sphalerite and galena, and a lower zone of semi-
massive pyrite associated with a vertical structure.
Early (circa 1982) work by Anaconda* identified the Warm Springs siliceous breccia in Illinois Creek
and drilling this year has shown this zone of brecciated silica, pyrite and arsenopyrite extends 720
meter north-south as depicted in Figure 2.
“The Warm Springs drilling results this season are truly significant ,” explained WAM CEO Kit Marrs.
He continued, “ The results validate our hypothesis that the Illinois Creek CRD system has the
potential to be huge. This first discovery of gold -copper mineralization associated with large
thicknesses of silicification, multiple pulses of brecciation and mineralization and zones of massive
pyrite tells us that, as we predicted, we are getting close to the center of the CRD system. We are on
to something with very large scale. At Warm Springs we now have both scale and intervals of high-
grade mineralization, a winning combination. And this is just the start.”
Photos of Warm Springs drill core from drill hole IC24 -0012 (see Figures 3A, 3B and 3C) show the
intensity of the silica brecciation , examples of the massive to semi -massive pyrite zones , and
coarse-grained sphalerite and galena associated with ankerit e. Although the degree of
mineralization will be determined by the assays, the strength of the hydrothermal system is self -
evident by the degree and multiple pulses of brecciation, alteration and mineralization.
*See footnote at the bottom of release for link to disclosure.
Figure 3A: IC24-0012 shows coarse-grained red sphalerite in the recrystalline ankerite stage
.
Figure 3B: Drill core from IC24-0012 shows coarse-grained red sphalerite in the recrystalline ankerite
stage with galena
Figure 3C: Upper Zone in IC24-0012 shows massive pyrite and semi-massive pyrite breccia
CRD Characteristics:
Fig 4: “Spokes”, “Arms”, or “Fingers” are key characteristics in carbonate replacement deposits. The
left map shows the IC project, with the Illinois Creek Au-Ag-Cu resource interpreted to be proximal to the
system’s heat source, or driver .. Waterpump Creek’s distal Ag -Zn-Pb deposit aligns with the scale of
world-class CRDs like Tintic and Santa Eulalia. Maps are to the same scale.
Quality Assurance and Quality Control
Drill core samples were transported from site to the ALS Minerals laboratory in Fairbanks, Alaska for
sample submission. The samples were then shipped to ALS Minerals in Reno, Nevada, for sample
preparation. Analysis of samples were completed at both the R eno and the ALS Mineral’s North
Vancouver laboratories, which are certified under ISO 9001 and accredited under ISO/IEC 7025.
The gold content is determined by fire assay of a 30-gram charge with an AA finish (Au-AA23). Silver,
lead, copper, and zinc along with other elements are analyzed by ICP -MS utilizing a four -acid
digestion (ME-MS61). Over-limit samples for silver, lead, co pper, and zinc are determined by using
either an ore grade four -acid digestion and ICP -ES finish (ME-OG62) or ore -grade titration analysis
(VOL50 or VOL70) for very high-grade samples.
Control samples consisting of certified reference samples, duplicates, and blank samples were
systematically inserted into the sample stream and analyzed as part of the Company’s quality
assurance / quality control protocol.
Qualified Person
The Qualified Person who reviewed and approved the technical disclosure in this release is Andrew
West, Certified Professional Geologist, a Qualified Person as defined under National Instrument 43-
101. Mr. West is the Vice President for Western Alaska Minerals with a MS in Geology and 30 years of
experience in mineral resources, mine, and exploration. He is a Certified Professional Geologist with
the American Institute of Professional Geologists (AIPG CP-11759).
His review verified the technical data disclosed, including geology, sampling, analytical and QA/QC
data underlying this news release, including reviewing the reports of ALS, methodologies, results,
and all procedures undertaken for quality assurance and quality control in a manner consistent with
industry practice.
About WAM
Our mission is to advance a mineable and scalable CRD, ultimately reshaping the mineral landscape
of western Alaska and establishing a new CRD district.
WAM’s CRD system encompasses a 373K oz AuEq NI 43-101-compliant indicated and 152K oz AuEq
Inferred resource* at the past producing Illinois Creek gold-silver mine*, and the Waterpump Creek
high-grade silver-lead-zinc deposit with an inferred resource estimate of 74.9Moz at 980 G/T AgEq*,
open to the north. Within the same CRD system sits the Honker gold vein prospect. T wenty-five
kilometers northeast of the Illinois Creek CRD lies the Round Top copper and the TG North CRD
prospects. All prospects were originally discovered by Anaconda Minerals Co. in the early 1980’s.
WAM’s 100% owned claims and uplands mining lease cove r 73,120 acres (114.25 square miles or
29,591 hectares), approximately 45 km east of an ocean barge -compatible section of the Yukon
River. Since 2010, WAM, along with its precursor company, Western Alaska Copper & Gold,
reassembled the Anaconda land package and has been engaged in exploring the district.
Headquartered in both Alaska and Arizona, WAM brings together a team of seasoned professionals
with a shared vision of pioneering new frontiers in mineral exploration. Our strategic approach is
underpinned by cutting -edge technology, innovative techniques, and a deep understanding of the
geological intricacies of the region.
*For Technical Report disclosure visit https://www.westernalaskaminerals.com/projects/ for
detailed information.
On behalf of the Company
“Kit Marrs”
Kit Marrs
President & CEO
Phone: 520-200-1667
For further information please contact:
Vanessa Bogaert, Director of Corporate Communications/IR at
Or visit our website at: www.westernalaskaminerals.com
Forward Looking Information
This news release contains “forward -looking information” within the meaning of applicable
Canadian securities legislation. “Forward -looking information” includes, but is not limited to,
statements with respect to the activities, events or developments that the Company expects or
anticipates will or may occur in the future. Generally, but not always, forward -looking information
and statements can be identified by the use of words such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the
negative connotation thereof or variations of such words and phrases or state that certain actions,
events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or
the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, Although the assumptions made by the Company in providing forward -looking
information or making forward -looking statements are considered reasonable by management at
the time, there can be no assurance that such assumptions will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s plans or
expectations include risks relating to market conditions, metal prices, and risks relating to general
economic, market or business conditions, uninsured risk s, regulatory changes, defects in title,
availability of personnel, materials, and equipment on a timely basis, accidents or equipment
breakdowns, unanticipated environmental impacts on operations and costs to remedy same, and
other exploration or other ri sks detailed herein and from time to time in the filings made by the
Company with securities regulators. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in the forwa rd-
looking information or implied by forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that forward -
looking information and statements will prove to be accu rate, as actual results and future events
could differ materially from those anticipated, estimated or intended. Accordingly, readers should
not place undue reliance on forward-looking statements or information.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.