Western Alaska Minerals (TSXV: WAM) wants to double the resource base at its Illinois Creek deposit in Alaska after drilling found a new high-grade silver zone, a company official says.
Recent drilling at Illinois Creek, about 450 km northwest of Fairbanks, returned intercepts up to a metre at 680 grams silver per tonne, director of corporate communications Vanessa Bogaert said in London last month. The discovery supports plans to grow last year’s inferred resource of 2.4 million tonnes averaging 980 grams silver-equivalent per tonne for 75 million oz. of metal.
“It’s very rare to have such a high-grade silver-dominant deposit controlled by a junior,” Bogaert said at The Northern Miner’s International Metals Symposium.
The company plans more drilling, guided by late-2024 geophysics, to add high-grade silver and cross the threshold needed for mine development.
Watch the full chat below with The Northern Miner’s podcast host, Adrian Pocobelli.
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