WESTERN ALASKA MINERALS COMMENCES 2023 FIELD SEASON Targeting More Bonanza-Grade CRD Drilling at Waterpump Creek and Beyond
NEWS RELEASE
WESTERN ALASKA MINERALS COMMENCES 2023 FIELD SEASON
Targeting More Bonanza-Grade CRD Drilling at Waterpump Creek and Beyond
TUCSON, ARIZONA, US – June 5, 2023 - Western Alaska Minerals (the "Company" or "WAM")
(TSX-V: “WAM”) is pleased to announce commencement of operations and exploration activities
at its 100% owned Illinois Creek Mining District . The Company continues to make significant
progress in advancing its high-grade, district-scale mineral system, positioning itself for continued
exploration success.
Highlights:
• Drilling began on June 2, 2023:
o Objective #1: In-fill drilling at the Waterpump Creek Prospect (“WPC ”) proximal
to the 2022 major intercept (WPC22-18) to support estimating an inferred mineral
resource;
o Objective #2: Step-out drilling to expand on the 2022 drilling success of
consecutive thick, ultra high-grade intercepts at WPC and to test new promising
targets;
• 113 Km of line cutting have been completed in preparation for the Dias Geophysical 3D
Induced Polarization survey to begin this week. This state-of-the-art geophysical survey
will cover WPC (north & south), and Last Hurrah (the fault offset of WPC with 3x -sized
potential) targets.
CEO, Kit Marrs stated, “We are excited about the commencement of the upcoming drill season as
we expand on our high grade Waterpump Creek mineralization with the aid of a new heavy duty
drill rig designed to enhance drill production and core recovery. In 2022, we defined a 450-meter
strike length of very high-grade silver-lead-zinc mineralization, and we anticipate extending the
manto this year by potentially 2X or 3X. The Dias 3D IP survey could be a game changer for our
program. We anticipate that it will provide high-definition drill targeting data.”
Camp Operations and New Drill Rig:
The camp is fully operational, with technical staff and local hires in full swing . A brand -new
Discovery HD drill rig has been deployed on site, passed initial operating tests, and is currently in
operation. With higher capacity and enhanced capabilities for drilling through altered sanded
dolomite host rock, this advanced drill rig will play a cr itical role in the upcoming exploration
program.
Figure 1 Indicates the IP survey boundary and illustrates targeting strategy at WPC / Last Hurrah.
High-Grade Expansion Targeting:
The company's exploration strategy includes targeting the areas south of the Waterpump Creek
carbonate replacement deposit (" CRD"). The new drill rig will initially focus on the southern
extension of WPC, and then test potential for the WPC sulfide in Anaconda’s “Last Hurrah” area
farther to the south. This strategic approach aims to unlock the untapped potential of this highly
prospective region. (Figure 1)
In-Fill Drilling for an Inferred Resource Estimate:
To support the estimation of an inferred mineral resource, a second drill rig has been deployed
to conduct in -fill drilling near the high -grade hole WPC22 -018 (see September 22, 2022 n ews
release). This targeted drilling will provide valuable data while enhancing the understanding of
the mineralization in this area and contribute to a maiden mineral resource estimate for WPC.
3D IP Survey and Inversion Modelling:
WAM is pleased to announce the commencement of a modern 3-D distributed array IP/resistivity
survey at the WPC project by Dias Geophysical. This survey is planned to accelerate drill targeting
at the company’s high -grade carbonate replacement silver-lead-zinc target (Figure 1). The
innovative geophysical survey takes full advantage of Dias’ cutting -edge technology. The
patented system provides maximum data density, affording WAM the most accurate shallow and
deep subsurface electrical information available. Util izing the long Alaskan daylight hours along
with increased crews, allows Dias to carry out this large-scale survey efficiently and leaves no sign
of disturbance after being removed. The data will be processed with advanced 3 -D inversion
modeling as the survey progresses for real-time drilling decisions.
About WAM
WAM is an Alaska and Arizona based company, listed on the TSX -V and focused on discovery of
high-grade, district-scale ore systems in the historic Illinois Creek Mining District (the “District”)
located in western Alaska. WAM’s 100% owned claims cover 73,120 acres (114.25 square miles
or 29,591 hectares), roughly 45 km from the Yukon River. The District encompasses at least five
deposits containing gold, silver, copper, lead, and zinc and was originally discovered by Anaconda
Minerals Co. in the early 1980's. Since 2010, WAM, along with precursor Western Alaska Copper
& Gold Company, has reassembled the Anaconda property package and been engaged in
exploring the District.
The Company remains focus ed on delivering value to its shareholders and stakeholders while
adhering to the highest standards of environmental stewardship and community engagement.
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
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 s uch 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.