# Alaska Silver Commences 2026 Drill Program at Illinois Creek Targeting Resource Expansion and New Discoveries Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource--bb6a769a-b000-4447-b16e-075198ce3057 Original source: https://money.tmx.com/en/quote/WAM/news/6101067678920964/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource- Publisher: tmx Original announcement: 2026-06-04T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Alaska Silver Corp. - Ticker: WAM - Exchange: TSX - Region: western Alaska - Primary commodity: Silver - Secondary commodities: Gold, Zinc, Lead - Document categories: Resource update, Other - Extracted: 2026-09-15 06:46:03 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Alaska Silver Corp. has commenced its 2026 exploration program at the Illinois Creek Project in Alaska, featuring a 6,000-meter two-rig drilling campaign. The program focuses on expanding the Waterpump Creek resource and evaluating the Silver Sage target. Reasoning: The announcement details the start of a significant exploration campaign aimed at both resource expansion and new discoveries, which is a positive catalyst for an exploration-stage company. - Positive factor: commencement of ambitious 6,000m drill program - Positive factor: targeting resource expansion at Waterpump Creek - Positive factor: exploration of new Silver Sage target - Positive factor: fully funded program Facts used in scoring: 7 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides updated context and mentions existing resources at Waterpump Creek and Illinois Creek Mine. Evidence · text > expand the Waterpump Creek \("WPC"\) resource ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Resource Estimates (7) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource--bb6a769a-b000-4447-b16e-075198ce3057#fact-resource-facts-0) Illinois Creek Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek Project - Commodity: silver - Region: usa\_ak - Reported Region: western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Resource group id: resource:1386ec25dab3a35e32f8 #### Resource Data - Category: inferred - Grade: 279 - Grade Unit: g/t - Contained Metal: 75 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-22T00:00:00.000Z #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Large inferred silver-equivalent resource reported at Waterpump Creek. - Positive factor: significant silver-equivalent tonnage Evidence · text > Inferred Mineral Resource of 75 Moz AgEq at a grade of 279 g/t silver, 11.28 % zinc and 9.87% lead #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource--bb6a769a-b000-4447-b16e-075198ce3057#fact-resource-facts-1) Illinois Creek Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek Project - Commodity: zinc - Region: usa\_ak - Reported Region: western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Resource group id: resource:1386ec25dab3a35e32f8 #### Resource Data - Category: inferred - Grade: 11.28 - Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-22T00:00:00.000Z #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Zinc grade reported as part of the Waterpump Creek resource. Evidence · text > 11.28 % zinc #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource--bb6a769a-b000-4447-b16e-075198ce3057#fact-resource-facts-2) Illinois Creek Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek Project - Commodity: lead - Region: usa\_ak - Reported Region: western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Resource group id: resource:1386ec25dab3a35e32f8 #### Resource Data - Category: inferred - Grade: 9.87 - Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-22T00:00:00.000Z #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Lead grade reported as part of the Waterpump Creek resource. Evidence · text > 9.87% lead #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource--bb6a769a-b000-4447-b16e-075198ce3057#fact-resource-facts-3) Illinois Creek Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek Project - Commodity: gold - Region: usa\_ak - Reported Region: western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Resource group id: resource:73db6efdd70e089a3508 #### Resource Data - Category: indicated - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 260000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-22T00:00:00.000Z #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Indicated resource reported at the historical Illinois Creek Mine. Evidence · text > Indicated Mineral Resources of 260,000 oz gold at 0.92 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource--bb6a769a-b000-4447-b16e-075198ce3057#fact-resource-facts-4) Illinois Creek Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek Project - Commodity: silver - Region: usa\_ak - Reported Region: western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Resource group id: resource:73db6efdd70e089a3508 #### Resource Data - Category: indicated - Grade: 29.72 - Grade Unit: g/t - Contained Metal: 8.3 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-22T00:00:00.000Z #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Silver grade reported as part of the Indicated resource at Illinois Creek Mine. Evidence · text > 8.3 Moz silver at 29.72 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource--bb6a769a-b000-4447-b16e-075198ce3057#fact-resource-facts-5) Illinois Creek Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek Project - Commodity: gold - Region: usa\_ak - Reported Region: western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Resource group id: resource:1386ec25dab3a35e32f8 #### Resource Data - Category: inferred - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 290000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-22T00:00:00.000Z #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Inferred resource reported at the historical Illinois Creek Mine. Evidence · text > Inferred Mineral Resources of 290,000 oz gold at 0.84 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-commences-2026-drill-program-at-illinois-creek-targeting-resource--bb6a769a-b000-4447-b16e-075198ce3057#fact-resource-facts-6) Illinois Creek Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek Project - Commodity: silver - Region: usa\_ak - Reported Region: western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Resource group id: resource:1386ec25dab3a35e32f8 #### Resource Data - Category: inferred - Grade: 30.11 - Grade Unit: g/t - Contained Metal: 10.4 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-22T00:00:00.000Z #### Dates - Event date: 2026-06-04T00:00:00.000Z Reasoning: Silver grade reported as part of the Inferred resource at Illinois Creek Mine. Evidence · text > 10.4 Moz silver at 30.11 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.