# Alaska Silver Files Updated NI 43-101 Technical Report for Illinois Creek Deposit Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi--1ac3305c-161c-479d-bfb5-6ed73e90c3c9 Original source: https://money.tmx.com/en/quote/WAM/news/5079953978597553/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi Publisher: tmx Original announcement: 2026-02-27T13:00:00.000Z 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: Gold - Secondary commodities: Silver, Zinc, Lead - Document categories: Resource update - Extracted: 2026-09-15 07:07:01 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Alaska Silver has filed an updated NI 43-101 technical report for the Illinois Creek project, featuring an updated mineral resource estimate. The update shows an 11% increase in Indicated gold ounces and a near doubling of Inferred gold and silver ounces compared to previous estimates. Reasoning: Significant growth in Inferred resource ounces and moderate growth in Indicated ounces represents substantial project expansion and de-risking. - Positive factor: Indicated gold and silver ounces increased by 11% and 7% - Positive factor: Inferred gold and silver ounces nearly doubled - Positive factor: Mineralization remains open along strike and at depth - Negative factor: Mineral resources are not mineral reserves Facts used in scoring: 7 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Indicated gold and silver ounces increased by 11% and 7% respectively. Evidence · text > Indicated gold and silver ounces increased by 11% and 7%, respectively, compared to previous estimates. **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Inferred gold and silver ounces nearly doubled. Evidence · text > Inferred gold and silver ounces nearly doubled. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Dr. Bruce Davis, PhD, FAusIMM, is named as the independent Qualified Person. Evidence · text > prepared by Dr. Bruce Davis, PhD, FAusIMM, of BD Resource Consulting, Inc, an independent Qualified Person \("QP"\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report is explicitly stated as an updated NI 43-101 technical report. Evidence · text > filed on SEDAR+ an independent National Instrument 43-101... technical report ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Resource Estimates (7) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi--1ac3305c-161c-479d-bfb5-6ed73e90c3c9#fact-resource-facts-0) Illinois Creek · gold Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek - Commodity: gold - Region: usa\_ak - Reported Region: Western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Dr. Bruce Davis - Resource group id: resource:1c626e31091a96723b78 - Deposit or zone: Illinois Creek - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 9000000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 260000 - Contained Unit: oz - Cutoff Grade: 24 - Cutoff Unit: US$/t NSR #### Prior Estimate - Resource Date: 2026-01-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Indicated gold ounces increased by 11% vs prior estimate. Evidence · text > Indicated gold and silver ounces increased by 11% and 7%, respectively, compared to previous estimates. #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi--1ac3305c-161c-479d-bfb5-6ed73e90c3c9#fact-resource-facts-1) Illinois Creek · silver Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek - Commodity: silver - Region: usa\_ak - Reported Region: Western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Dr. Bruce Davis - Resource group id: resource:1c626e31091a96723b78 - Deposit or zone: Illinois Creek - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 9000000 - Grade: 29.72 - Grade Unit: g/t - Contained Metal: 8.3 - Contained Unit: moz - Cutoff Grade: 24 - Cutoff Unit: US$/t NSR #### Prior Estimate - Resource Date: 2026-01-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Indicated silver ounces increased by 7% vs prior estimate. Evidence · text > Indicated gold and silver ounces increased by 11% and 7%, respectively, compared to previous estimates. #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi--1ac3305c-161c-479d-bfb5-6ed73e90c3c9#fact-resource-facts-2) Illinois Creek · gold Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek - Commodity: gold - Region: usa\_ak - Reported Region: Western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Dr. Bruce Davis - Resource group id: resource:3e10d0a1bb257d301797 - Deposit or zone: Illinois Creek - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 10900000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 290000 - Contained Unit: oz - Cutoff Grade: 24 - Cutoff Unit: US$/t NSR #### Prior Estimate - Resource Date: 2026-01-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Inferred gold ounces nearly doubled compared to previous estimates. Evidence · text > Inferred gold and silver ounces nearly doubled. #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi--1ac3305c-161c-479d-bfb5-6ed73e90c3c9#fact-resource-facts-3) Illinois Creek · silver Historical result Needs review: historical\_restatement #### Identity - Project: Illinois Creek - Commodity: silver - Region: usa\_ak - Reported Region: Western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Dr. Bruce Davis - Resource group id: resource:3e10d0a1bb257d301797 - Deposit or zone: Illinois Creek - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 10900000 - Grade: 30.11 - Grade Unit: g/t - Contained Metal: 10.4 - Contained Unit: moz - Cutoff Grade: 24 - Cutoff Unit: US$/t NSR #### Prior Estimate - Resource Date: 2026-01-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Inferred silver ounces nearly doubled compared to previous estimates. Evidence · text > Inferred gold and silver ounces nearly doubled. #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi--1ac3305c-161c-479d-bfb5-6ed73e90c3c9#fact-resource-facts-4) Illinois Creek · silver #### Identity - Project: Illinois Creek - Commodity: silver - Region: usa\_ak - Reported Region: Western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:ac890db143d262d785a9 - Deposit or zone: Waterpump Creek zone - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 279 - Grade Unit: g/t - Contained Metal: 75 - Contained Unit: moz #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: High grade silver equivalent intercept at Waterpump Creek. Evidence · text > Waterpump Creek zone, which hosts an 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi--1ac3305c-161c-479d-bfb5-6ed73e90c3c9#fact-resource-facts-5) Illinois Creek · zinc #### Identity - Project: Illinois Creek - Commodity: zinc - Region: usa\_ak - Reported Region: Western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:ac890db143d262d785a9 - Deposit or zone: Waterpump Creek zone - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 11.28 - Grade Unit: % #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Zinc byproduct in Waterpump Creek Inferred 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alaska-silver-files-updated-ni-43-101-technical-report-for-illinois-creek-deposi--1ac3305c-161c-479d-bfb5-6ed73e90c3c9#fact-resource-facts-6) Illinois Creek · lead #### Identity - Project: Illinois Creek - Commodity: lead - Region: usa\_ak - Reported Region: Western Alaska - Ticker: WAM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:ac890db143d262d785a9 - Deposit or zone: Waterpump Creek zone - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 9.87 - Grade Unit: % #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Lead byproduct in Waterpump Creek Inferred 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## 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.