Exploration Field Program Completed At Illinois Creek

TUCSON, AZ – Alaska Silver Corp. reported on the 2025 field program completed on its Illinois Creek (IC) Carbonate Replacement Deposit (CRD) project in western Alaska. In addition to a limited drilling program, an exciting entirely new mineralization zone (“Silver Sage”) was discovered through follow-up work on historical soil geochemical anomalies.
Drilling commenced on July 25, 2025. Drilling was completed on September 28, 2025 due to the early onset of winter weather. A total of 2,964.0 meters were drilled across 13 exploration drill holes. Four drill holes consisting of 2,057.6m were drilled at the Waterpump Creek South target and nine drill holes consisting of 906.5m were drilled at a new discovery zone, Silver Sage. More details about Waterpump Creek South and our Silver Sage discovery will be provided as assay results are received and reviewed.
Field Activities: 1) 13 trenches at Silver Sage were excavated, mapped, and sampled. 2) Over 150 excavator pits were mapped to advance the IC district geological interpretation. 3) Additional field mapping and geochemical sampling were conducted across the district, targeting new areas of CRD potential identified from the 2024 SkyTEM geophysical survey flown by the US Geological Survey and Alaska Depart of Geological & Geophysical Survey. 4) 46 new State of Alaska mining claims were staked to expand our claim block.
“The approval of our prospectus by the United States Securities and Exchange Commission on September 30 and the successful closing of our US$13.8 million US Initial Public Offering on October 3 were watershed events for Alaska Silver,” stated Kit Marrs, President and CE. “The completion of the SEC filing lifts the financing news restriction, so I look forward to communicating with our shareholders again – starting soon with this year’s exploration results once we have them all in hand.
The recent positive climate in capital markets and especially silver exploration enabled the Company to move forward with a limited summer field program beginning in July. We completed nearly 3,000 meters of drilling in thirteen holes. Additionally, our hardworking field crew successfully carried out an effective exploration campaign that led to the discovery of a new mineralized zone known as Silver Sage. Assays from both projects will be shared with you as they become available in the coming weeks and months.”