Field Operations Commence At The Illinois Creek Camp
TUCSON, AZ - Western Alaska Minerals reported that crews have mobilized to the Illinois Creek camp on its Illinois Creek property.
CEO, Kit Marrs, said, "We are thrilled to put the proceeds of our recently completed (concurrent) financings to immediate use in the field, and we are on track to begin drilling on approximately June 8th. This year's program will mark Western Alaska Minerals' third drilling season focusing on the carbonate replacement deposit (CRD). Since intercepting >500g/t silver over 9.1m (true width) late in the 2021 season, we have delineated a very high-grade silver-zinc-lead ‘arm' or ‘tentacle' of the system. Our initial NI 43-101 resource estimate, published in February of this year, infers 75Moz at 980g/t AgEq. CRD projects typically involve expansive systems with interconnected elements or parallel mineralized ‘tentacle' shaped deposits. The discovery of one deposit suggests the likelihood of others nearby. As such, our 2024 goal is to step out and uncover mineralized linkages to the past-producing open pit gold mine, 6km to the southwest.”