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 3

Combining the results from the first 23 holes drilled in the Waterpump Creek structural zone allows delineation of a continuous elongate massive sulfide ribbon ("manto") 30 to 75 meters wide and 400 meters in length plunging gently to the south (Figures 1 and 2). Mineralization remains open in several directions. The mineralization affects reactive dolomite lying beneath an impermeable schist along the WPC Creek structure. Hole WPC22-18 tested the intersection of the WPC and Illinois Creek structures and cut 101.7 meters of massive and semi-massive sulfides interpreted to reflect a "feeder chimney" and a possible mineralizing fluid upwelling zone. The three emerging mantos of high-grade silver-lead-zinc mineralization in WPC22-22 extend the lower mineralized zone 75 meters south of WPC22-18 and suggest it continues to thicken in that direction.

Foto: Accesswire

Figure 1. Updated longitudinal-section along the axis of the Waterpump Creek manto showing its position beneath the overlying schist and progressive thinning to the north from the WPC22-18 Chimney. Note how the manto maintains very significant thickness to the south into WPC22-22 and how the highest-grade upper part of the manto can be traced continuously for 400 meters. Note also the pyrite zone concentrated along the interpreted Illinois Creek Fault and how late movements along the fault have allowed surface waters to infiltrate and oxidize the pyrite and surrounding sulfides to a massive gossan. WPC22-21 is located on Line 4900 N and is 25 meters in front (west) of the section, therefore it is not exactly represented in Figure 1. Note also how it was stopped short of the deeper mineralization cut subsequently in WPC22-22.

Foto: Accesswire

Figure 2. Pierce point plan map of Waterpump Creek drilling showing the emerging shape of the Waterpump Creek Manto and the location of the WPC22-18 Chimney at the interpreted intersection of the WPC Graben and the projected trend of the Illinois Creek fault. Note the continuation of strong manto mineralization to the south into WPC22-20 and 22 and that the manto remains open to the south along this principal axis as well as laterally.

Plans Going Forward:

Planning for 2023 is ongoing as this year's results are analyzed in detail. Two or three new Company-owned drill rigs are expected to be added to the two existing owned drill rigs allowing WAM to drill up to 17,000 meters next season. 2023 drilling will focus on following the Waterpump Creek high-grade manto to extend the manto along strike with drill spacings ultimately suitable for resource modeling. Concurrently, we will explore via drilling and geophysics the multiple similar geologic settings which have been identified elsewhere on the property and look for the intrusive body that drove the system.