Western Alaska Minerals Announces the Commencement of Drilling at Its Waterpump Creek High-Grade Silver- Lead-Zinc Deposit; Increases Land Position
WESTERN ALASKA MINERALS ANNOUNCES
THE COMMENCEMENT OF DRILLING AT ITS
WATERPUMP CREEK HIGH-GRADE SILVER-
LEAD-ZINC DEPOSIT; INCREASES LAND
POSITION
TUCSON, Ariz.
,
May 25, 2022
/CNW/ -
Western Alaska Minerals
(the "Company" or "WAM") is
pleased to announce the opening of its Illinois Creek Camp and the commencement of drilling at the
Waterpump Creek high-grade silver-lead-zinc carbonate replacement deposit (CRD) in western
Alaska
. This year's drilling is primarily focused on extending mineralization from the bonanza
WPC21-09 drill hole at Waterpump Creek which cut 9.1 meters true thickness of 522 g/t silver,
14.4% lead and 22.5% zinc, or 1886 g/t silver equivalent (AgEq). The 2021 drill results
demonstrated an open 500 meter by 200+ meter-wide manto of CRD mineralization developed at or
near the shallow east-dipping thrust contact between thick dolomites and overlying schists.
Drill turning at Waterpump Creek, May 20 2022 (CNW Group/Western Alaska Minerals Corp.)
One of the Company's drill rigs has begun drilling a 50-meter offset down-dip (east) of the WPC21-
09 intercept and a second Company drill rig has begun drilling 50 meters to the south of the down-
dip hole.
More Core Drilling Ltd., based in
Stewart, British Columbia
, has again been contracted to provide
drilling services to WAM. Three Hercules C-130 flights during the last month have mobilized drill
supplies, equipment, and camp upgrade materials to the Camp for the 2022 season.
Additional known Anaconda prospects Khotol Ridge and Paw Print, located to the north and east of
WAM's Illinois Creek and Round top properties, totaling 6,080 acres, have been acquired. Both
prospects have stratigraphy similar to Water Pump Creek and were acquired based on Company
Technical Advisor
Peter Megaw's
understanding of the belt-like nature of CRD districts around the
world, each with multiple deposits.
2022 Plans
The 2022 program is primarily focused on completing 4,000 meters of drilling in the Waterpump
Creek target area with additional drilling at Last Hurrah to further explore the deep IP anomaly.
An extensive CSAMT survey by Zonge Inc. of
Tucson, Arizona
, is set for early June to further
define targets for additional drilling along the 8 km trend connecting the Waterpump Creek CRD
target with the Last Hurrah prospect and the existing Illinois Creek Ag/Au resource.
Additional drilling based on the CSAMT survey is planned pending adequate funding.
To support increased exploration and potential 'shoulder season' drilling, a major expansion and
upgrade of the Illinois Creek Camp is ongoing.
Initial drill results are anticipated in late June.
The qualified person who reviewed and approved the technical disclosure in this release is
Stuart
Morris
, P. Geo., a qualified person as defined under NI43-101.
About WAM
WAM began trading as a Tier 1 company listed on the TSX-V in November, 2021, and maintains
corporate offices in
Alaska
and
Arizona
. WAM has reassembled and fully controls all claims in the
historic Illinois Creek Mining District located in western Alaska near the Yukon River, covering
55,360 acres (86.5 square miles). The District was originally discovered by Anaconda Minerals Co.
in the early 1980's. Since 2010, the Company and its private precursory company Western Alaska
Copper & Gold Company has been engaged in exploring and advancing its interests in the district
and now controls a diversified portfolio of five deposits that contain gold, silver, copper, lead, and
zinc.
On behalf of the Company
"Kit Marrs"
Kit Marrs
Chairman & CEO
Phone: 1-520-200-1667
Or visit our website at:
www.westernalaskaminerals.com
Forward Looking Information
Certain statements made, and information contained herein may constitute "forward looking
information" and "forward looking statements" within the meaning of applicable Canadian
and United States securities legislation. These statements and information are based on facts
currently available to the Company and there is no assurance that actual results will meet
management's expectations. Forward-looking statements and information may be identified by
such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will",
"could" or "would". Forward-looking statements and information contained herein are based on
certain factors and assumptions regarding, among other things, the estimation of mineral
resources and reserves, the realization of resource and reserve estimates, metal prices, taxation,
the estimation, timing and amount of future exploration and development, capital and operating
costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title
disputes and other matters. While the Company considers its assumptions to be reasonable as of
the date hereof, forward-looking statements and information are not guaranteeing of future
performance and readers should not place undue importance on such statements as actual events
and results may differ materially from those described herein. The Company does not undertake to
update any forward-looking statements or information except as may be required by applicable
securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accept responsibility for the adequacy or accuracy of this release.
SOURCE
Western Alaska Minerals Corp.
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For further information:
Vanessa Bogaert, Director of Corporate Communications/IR at
CO: Western Alaska Minerals Corp.
CNW 20:29e 25-MAY-22