Northwire Canada EditionWednesday, July 15, 2026
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SGQ 0.400 +5.3% GMX 1.87 −1.6% ALM 0.310 +0.0% WCU 0.010 +0.0% NTH 0.155 −6.1% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.76 −4.5% IVN 10.51 −2.5% MASS 0.090 +0.0% LIF 26.57 −2.3% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.278 −4.3% ODV 3.38 +0.3% SGQ 0.400 +5.3% GMX 1.87 −1.6% ALM 0.310 +0.0% WCU 0.010 +0.0% NTH 0.155 −6.1% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.76 −4.5% IVN 10.51 −2.5% MASS 0.090 +0.0% LIF 26.57 −2.3% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.278 −4.3% ODV 3.38 +0.3%
Drill Results Routine +

Alaska Silver Announces 6,000-Meter 2026 Drill Program for Illinois Creek, Alaska

Shifting Gears from Resource Expansion to District-Scale Discovery in Alaska’s Silver-Zinc Heartland

By The Northwire Desk — AI Analysis Mar 12, 2026 · 07:01 WAM · 1.07 Alaska Silver Corp.
Executive Summary

The most recent news (March 12, 2026) announces the commencement of a fully-funded 6,000-meter diamond drill program at the Illinois Creek project in Alaska. This program is double the size of the 2025 effort (2,963m). Key objectives include testing feeder structures at the high-grade Silver Sage discovery and exploring the "Round Top" hub, which management now interprets as a second porphyry center within a district-scale system. This follows the February 2026 filing of an updated NI 43-101 report which saw Indicated gold and silver ounces increase by 11% and 7% respectively, and a near-doubling of Inferred resources at the Illinois Creek deposit.

Material Impact

The news is Routine - Positive. While the 6,000-meter program is a significant operational scale-up, it is the logical progression following the successful US$13.8M financing closed in October 2025. - Resource Growth: The updated resource (Feb 2026) confirms the oxide heap-leach potential of the Illinois Creek deposit, providing a "floor" of value alongside the high-grade "blue sky" at Waterpump Creek. - Operational Readiness: Using company-owned rigs reduces cost-per-meter, allowing for more aggressive exploration of the new Silver Sage zone. - Strategic Shift: The identification of two distinct porphyry centers (Illinois Creek and Round Top) suggests the company is moving from "deposit-hunting" to "district-defining," which increases the long-term attractiveness to major mining suitors.

WAM · Price
Company Overview

Alaska Silver Corp (formerly Western Alaska Minerals) focuses on the Illinois Creek District in western Alaska. - Flagship Project: Illinois Creek Project (100% owned, no royalties). - Waterpump Creek (WPC): A high-grade Carbonate Replacement Deposit (CRD) with an Inferred resource of 2.38M tonnes at 980 g/t AgEq (74.9 Moz AgEq). - Illinois Creek (IC): A past-producing oxide gold-silver deposit recently updated to show significant growth in Indicated and Inferred categories. - Silver Sage: A 2025 discovery of high-grade silver-lead-zinc mineralization that remains the primary exploration focus for 2026.

Read the original news release →

More from Alaska Silver Corp.

Jun 22, 2026 · 07:02

Alaska Silver advances 6,000m of drilling at its Illinois Creek project during a CEO transition supported by strong shareholder backing.

Production / Operations Jun 11, 2026 · 07:01

Alaska Silver swaps founders for an industry veteran as its stock tests critical support at $0.63.

Management Jun 04, 2026 · 07:01

Alaska Silver Commences 2026 Drill Program at Illinois Creek Targeting Resource Expansion and New Discoveries

Drill Results May 19, 2026 · 07:01

Alaska Silver Settles Management Debt via Equity, Stabilizing Balance Sheet Amidst Exploration Push

Financings Feb 27, 2026 · 08:01

Alaska Silver solidifies oxide gold-silver resource at Illinois Creek as it pivots toward a dual-asset development strategy in a high-price environment.

Resource Estimate Feb 11, 2026 · 07:02

Alaska Silver simplifies its share structure as it pivots toward an aggressive 2026 drill season, but aggressive resource pricing assumptions warrant caution.

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