The Waterpump Creek (Pb-Zn-Ag) target is a carbonate replacement style deposit (“CRD”) hosted by the Illinois Creek dolomite sequence. The dolomite sequence is similar to that which hosts the main Illinois Creek oxide gold deposit. The CRD target is a distal segment of the greater Illinois Creek hydrothermal system that includes historic Illinois Creek oxide gold deposit.
Between 1982 and 2005 Anaconda Minerals Company and NovaGold Resources drilled 58 diamond drill holes identifying high-grade silver-lead-zinc mineralization. Exploration drilling by WAM is further defining and expanding the CRD mineralization originally discovered by Anaconda.
NI43101 Illinois Creek Technical Report
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CRD discussion by Dr. Peter Megaw, WAM Technical Advisor
Geology & Exploration
Nine drill holes were completed by WAM at Waterpump Creek target in 2021. The drilling focused primarily on delineating shallow oxide silver mineralization, also completed two drill holes to test the historically recognized CRD mineralization at depth. Drill hole WPC21-09 cut 10.5-meter (9.1 meters true thickness) of 522 g/t Ag, 22.5% Zn and 14.4% Pb of massive intergrown sphalerite and argentiferous galena down-dip of the historical Anaconda and NovaGold drilling. This exceptional high-grade interval has focused WAM’s exploration targeting on the overall CRD potential on the property.
WAM’s 2002 drill program which began in May 2022 continues to expand and delineate the Waterpump Creek Ag-Pb-Zn CRD mineralization which remains open to the continued expansion of the mineralization footprint. The mineralization at Waterpump Creek has very similar geological characteristics to many of the most well known and prolific CRD systems exploited in North America including the Santa Eulalia and Naica deposits in Mexico, the Taylor-Sunnyside deposit in Arizona and the Tintic deposit in Utah). These CRD replacement deposits show continuous CRD mineralization over multi-kilometer distances.
*A historical mineral resource estimate for Waterpump Creek reported in a 1984 Anaconda annual exploration report (Anaconda, 1984) and again reported in the January 2021 NI 43-101 Illinois Creek Technical report has not been verified or reviewed by a Qualified Person, and therefore is not considered to be in accordance with NI 43-101. Investors should not rely on the information herein.
The mineral resource estimate for the Illinois Creek gold-silver oxide deposit is contained in the Technical Report titled “NI 43-101 TECHNICAL REPORT (insert link to report), Western Alaska Copper & Gold Inc., ILLINOIS CREEK PROJECT, Illinois Creek Mining District, Western Alaska, USA” with an effective date of January 15, 2021 (the “2021 Technical Report”), prepared by: Bruce Davis, PhD, FAusIMM, BD Resource Consulting, Inc., Larkspur, Colorado, Robert C. Sim, P.Geo., SIM Geological Inc., Vancouver, B.C., Jack DiMarchi, Principal Geologist, Core Geoscience, LLC, Seattle, Washington, and Deepak Malhotra, PhD, SME-RM Pro Solv, LLC, Lakewood, Colorado, is available on Western Alaska Minerals Corp.’s website and filed on SEDAR (www.sedar.com) under Western Alaska Minerals Corp.’s issuer profile
The qualified person who reviewed and approved the technical disclosure on this website is Stuart Morris, P. Geo., a qualified person as defined under National Instrument 43-101. Mr. Morris is an independent consultant with a MS in Economic Geology and 40 plus years of experience in mineral resources, mine, and exploration. He is a Registered Geologist with the British Columbia Association of Professional Engineers and Geoscientists (BC-APEG) No. 135066 and with the Arizona State Board of Technical Registration No. 16289.