Northwire Canada EditionThursday, July 16, 2026
Sign inSubscribe
Northwire
⌕
CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Resource Estimate Routine +

Alaska Silver Files Updated NI 43-101 Technical Report for Illinois Creek Deposit

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

By The Northwire Desk — AI Analysis Feb 27, 2026 · 08:01 WAM · 1.005 Alaska Silver Corp.
Executive Summary

The most recent news (February 27, 2026) confirms the filing of an updated NI 43-101 Technical Report for the Illinois Creek deposit. This follows the January 22, 2026, announcement of a revised Mineral Resource Estimate (MRE). Key highlights include an 11% increase in Indicated gold ounces (to 260,000 oz) and a 7% increase in Indicated silver ounces (to 8.3 million oz). Notably, Inferred resources nearly doubled to 290,000 oz gold and 10.4 million oz silver. The resource is based on significantly higher metal price assumptions (US$3,500/oz Au and US$45/oz Ag) compared to 2021, reflecting a "powerful price environment."

Material Impact

The news is Routine - Positive. While the resource growth is numerically significant (especially the doubling of Inferred ounces), it is largely a "paper gain" driven by aggressive economic assumptions (US$3,500 gold) rather than new drill discovery, as the company admitted no new drilling was conducted on this specific deposit between the 2021 and 2026 estimates. - Strategic Shift: The impact is material in how it changes the company's narrative. Previously focused almost exclusively on the high-grade Waterpump Creek (WPC) silver-zinc discovery, management is now positioning Illinois Creek as a potential "standalone mining operation" producing dore on-site via low-cost heap leaching. - Capital Structure: The news coincides with a major cleanup of the capital structure (converting dual-class shares) and follows a successful US$13.8M financing, providing the "dry powder" needed for the 2026 season.

WAM · Price
Company Overview

Alaska Silver Corp. (formerly Western Alaska Minerals) is focused on the Illinois Creek District in western Alaska. - Flagship Project: The Illinois Creek Project, which hosts two primary deposits: - Waterpump Creek (WPC): A high-grade Carbonate Replacement Deposit (CRD) with an Inferred resource of 74.9 Moz AgEq at a massive 980 g/t AgEq. - Illinois Creek (IC): A past-producing oxide gold-silver deposit now being re-evaluated for standalone heap-leach potential. - District Potential: The company controls a 73,000-acre land package with no underlying royalties, targeting a district-scale CRD system.

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 Mar 12, 2026 · 07:01

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

Drill Results 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.

Other