Western Alaska Minerals Announces Assay Results For Three Thick, High-Grade Mineralized Intervals from Waterpump Creek Drill Hole WPC22-22

The best is 54.6 Meters Grading 187 g/t Silver (6.0 oz/ton), 6.2% Lead and 5.1% Zinc
(Including: 3.5 Meters Grading 1223 g/t Silver (39.3 oz/ton), 32.5% Lead and 8.1% Zinc)

TUCSON, AZ / ACCESSWIRE / December 7, 2022 / Western Alaska Minerals (the "Company" or "WAM") (TSX-V:WAM) is pleased to announce drill assay results for three thick multistage massive sulfide horizons in drill hole WPC22-22 at its 100% owned Waterpump Creek Carbonate Replacement Deposit (Table 1). Visuals for the intercepts were announced previously (See news releases of August 2 and September 22, 2022). Mineralization remains open and will be the focus of an expanded 2023 drill program.

Table 1. Highlight assay results from drill hole WPC22-22. All Company Waterpump Creek results can be found on the website along with more technical details.

Foto: Accesswire

^{* Width reported as core length
** Previously visual release of 9/22/2022 reported 3.9 meters for middle zone and 40.7 meters for the lower zone}

"The overall grades in this hole are outstanding with some exceptional intervals with silver grades up to 39 oz/ton in one of the internal zones," said Kit Marrs, WAM CEO. "These three high-grade intercepts total over 86 meters in composite thickness and tie together with similar mineralization in ten other holes to give us 400 meters of continuous high-grade mineralization linked to the sulfide chimney cut in WPC22-18. All the signs indicate this is part of a major CRD system and we can't wait to start the 2023 drill season and continue tracing this mineralization south where we think these zones coalesce and become thicker."

Highlights of Hole WPC22-22

• WPC22-22 is located 50 meters south of WPC22-18, which cut 101m of massive and semi-massive sulfides interpreted as a feeder chimney
• The WPC22-22 high-grade intercepts appear linkable to high-grade zones in the interpreted WPC22-18 chimney
• The three intercepts show classic multi-phase CRD-style massive sulfide mineralization with silver-rich lead mineralization stages cutting earlier zinc-rich stages (See Table 1)
• Similar mineralization has now been cut at similar elevations in 11 drill holes indicating a continuous elongate body 30 to 75 meters wide and 400 meters in length (See Figure 2)
• Grades in the middle and lower sulfide intervals were high enough to allow for thicker intervals to be reported than in the prior news release of 9/22/2022.

The discussion below incorporates visual data from drillholes WPC22-21 and -22 and from previous drill holes (See news release of September 22, 2022). Assay results from WPC22-21 will be reported when received and vetted.