Announcement Date: 2022-08-02
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Western Alaska Minerals
Project name: Waterpump Creek
Location: United States
Commodities: Silver,Lead,Zinc
Highlight: Drilling results incl. 11.5m @ 337g/t Ag, 16.7% Zn, 10.0% Pb from 139.1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TUCSON, ARIZONA, US – August 2, 2022 – Western Alaska Minerals (the “Company” or “WAM”) is pleased to announce the first assay results for massive Carbonate Replacement Deposit (“CRD”) sulfide mineralization cut in the Waterpump Creek target area at its 100% owned Illinois Creek Project in western Alaska. The results reported here are from drillholes WPC22-07, 08, 11 and 13; all drilled prior to the 47m and 101m intercepts cut in drillholes WPC22-17 and 18 for which visual observations were reported last week (See News Release of July 20, 2022). The hole highlighted herein is WPC22-11, which cut 11.5m of massive sulfide grading 337 g/t (10.8 oz/t) silver; 16.7% zinc and 10.0% lead, including 3.1m grading 565 g/t (18.2 oz/t) silver; 8.9% zinc and 15.0% lead. The assays (Table 1 below) confirm the high silver, lead and zinc values expected based on previously reported visual mineralogical observations (See News Release of July 5, 2022). Holes WPC22- 17 and 18, for which assays are pending, show similar mineralogy over their 47m and 101m thicknesses, respectively. Drilling continues at 50m spacing. Additionally, visual observations confirm WPC22-20, located 50 meters south and 30 meters east of WPC22-18, hosts two intervals of massive sulfide mineralization: 11.4 meters from 166.6-178.0; and 20.7 meters from 185.2-205.9. The mineralization appears similar to that observed in WPC22-18.
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