PDAC is around the corner and most companies are hoarding news until then as the Monday morning during PDAC traditionally is one of the busiest news days of the year. Fortunately Western Alaska Minerals (WAM.V) doesn’t play those games (as it’s very easy for updates to be buried under dozens of press releases) as the company released its plans for 2023 earlier this week after discussing the updated interpretations of the surveys in 2022.
Western Alaska appears to be pretty confident in its drill targets and the company is planning to drill up to 17,000 meters this year, with up to four drill rigs to both expand the Waterpump Creek mineralization and to test additional hot spots on the property for CRD mineralization.
The company won’t only drill this year. It also plans to complete a 3D IP and resistivity survey to confirm and improve the resolution of the Waterpump Creek and Last Hurrah sulphide anomaly and to find out if there are other similar anomalies on the 18 square kilometer land package.
The expectations are high after the company confirmed the presence of widespread high-grade mineralization. The assay results of the final hole of the 2022 drill campaign were released last month. And with 5.1 meters containing 789 g/t silver and 36.9% ZnPb, hole WPC22-21 could easily be described as carrying ‘bonanza grade’. It’s hardly a surprise Western Alaska wants to be very active in the field this year.
Disclosure: The author has a small long position in Western Alaska Minerals. Please read our disclaimer.