Project UpdateJun 4, 2026, 08:47 AM
Alaska Silver Starts 6,000m Drill Program at Illinois Creek
AI Summary
Alaska Silver Corp. announced the commencement of its fully funded 6,000-meter 2026 drilling and exploration program at the 100%-owned Illinois Creek Project in western Alaska. The program, utilizing two rigs, aims to expand the Waterpump Creek resource, evaluate the discovery potential of the Silver Sage target, and advance several emerging exploration targets across the broader district. Additionally, the company is conducting baseline environmental and cultural studies to support future permitting and regulatory assessments.
Key Highlights
- Alaska Silver commenced its 2026 drilling and exploration program at the Illinois Creek Project.
- The program is fully funded, utilizing two drill rigs for a total of 6,000 meters.
- Key objectives include expanding the Waterpump Creek resource and evaluating the Silver Sage target.
- Approximately 2,400 meters are allocated to Waterpump Creek South, and 600 meters to Waterpump Creek North.
- About 3,000 meters are designated for the Silver Sage target across 15 to 20 drill holes.
- Two significant trenching programs are planned for the TG/TGN and Illinois Creek Target Corridor areas.
- The Illinois Creek airstrip is ready to receive over 100,000 pounds of equipment and supplies.
- Baseline studies for fish habitat, cultural resources, and wetlands are advancing for future permitting.
Price Impact
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