Western Alaska Minerals Announces Bonanza-Grades from Waterpump Creek WPC22-21: 5.1 Meters Grading 789 g/t Silver (25.4 oz/t), 22.0% Lead and 14.9% Zinc And 2022 Waterpump Creek Drilling Summary - Seite 2

Highlights of the 2022 Drilling Program (Summarized in Table 2)

• The emerging Waterpump Creek Manto shows classic multi-phase CRD-style massive sulfide mineralization with silver-rich lead stages cutting earlier zinc-rich stages and late-stage pyritic zones cutting the earlier silver and base metal zones.
• Similar mineralization has now been cut at similar elevations in 10 WAM drill holes (including WPC21-09) and 6 historical drill holes, indicating a continuous elongate body 30 to 75 meters wide and 400 meters in length (See Figure 2).
• Mineralization along the body thickens progressively from north to south towards WPC22-18, which cut 101.7m of massive and semi-massive sulfides at the intersection of the Waterpump Creek graben structure and the Illinois Creek fault. This is interpreted as a feeder chimney to the laterally developed manto mineralization.
• The high-grade intercepts in WPC22-13, 17, 20, 21 and 22 appear linkable to the high-grade zones in the interpreted WPC22-18 chimney.
• WPC22-22 cut three significant zones of massive to semi-massive sphalerite and argentiferous galena in a matrix of secondary dolomite like that seen in previous drilling (See Press Release of December 7, 2022).
• Deep sulfide intercepts in WPC22-22 lie at greater depth than WPC22-17 and 21 indicating that similar mineralization may be present below both of these holes (see Figure 1. Cross Section 7104900N).

"The emerging Waterpump Creek manto is a beautiful example of the high-grade, multi-stage mineralization features characteristic of a large CRD system," said Dr. Peter Megaw, WAM's Exploration Advisor. "Next we need to continue tracing this mineralization towards its source and seeing if we can leapfrog that process by locating the source with geophysics and surface geochemistry."

Table 2. Summary of mineralized intercepts from 2022 drill program.

Foto: Accesswire

Waterpump Creek Drilling: 2022 Summary and Discussion

Twenty-eight holes were drilled at Waterpump Creek in 2022. Of the 28holes, 9 encountered mineralization (see Table 2), and the remainder did not. Given the sinuous, "skeletal" nature of many CRD deposits and the sharp boundaries between mineralized and non-mineralized material in CRD's, this is not an unexpected result. Of those holes which did not encounter mineralization, 12 were drilled off to the east or west sides of the manto and two missed by drilling above or below the mineralized holes detailed in Table 2, and five were located on the south side of intervening wetlands along an east-west line located approximately 150 meters south of WPC22-22. These five holes suggest the manto is further west as a consequence of the intersection with the north-east trending Illinois Creek fault zone. This conclusion is also supported by ongoing remodeling of the 2005 IP survey and will be verified during the 2023 drill program.