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.
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.