Alaska Silver Files Updated NI 43-101 Report Confirming Larger Illinois Creek Resource

Alaska Silver Corp ( (TSE:WAM) ) has provided an announcement.

Alaska Silver Corp. has filed an independent NI 43-101 technical report on SEDAR+ supporting the updated mineral resource estimate for the Illinois Creek gold-silver oxide deposit in western Alaska. Prepared by independent qualified person Dr. Bruce Davis, the report underpins an open-pit constrained resource model based on assumed metal prices and operating costs, while noting that the resources do not yet demonstrate economic viability.

The updated estimate shows indicated gold and silver ounces rising 11% and 7%, respectively, with inferred ounces for both metals nearly doubling, and confirms that the oxide mineralization is amenable to low-cost heap or vat leach processing. With mineralization remaining open along strike and at depth and backed by historical mining and metallurgical data, the report strengthens Alaska Silver’s case for further exploration and potential project advancement, which the company is actively promoting through investor outreach at upcoming Toronto mining conferences.

The most recent analyst rating on (TSE:WAM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Alaska Silver Corp stock, see the TSE:WAM Stock Forecast page.

Spark’s Take on TSE:WAM Stock

According to Spark, TipRanks’ AI Analyst, TSE:WAM is a Neutral.

The score is held back primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn) and limited valuation support (negative P/E, no dividend). Offsetting factors include constructive price momentum (price above key moving averages with positive MACD) and generally positive corporate developments tied to exploration progress and improved near-term financing flexibility.

To see Spark’s full report on TSE:WAM stock, click here.

More about Alaska Silver Corp

Alaska Silver Corp. is a mineral exploration and development company focused on high-grade silver and critical minerals at its 100%-owned Illinois Creek Project in western Alaska. The district-scale project hosts the Waterpump Creek carbonate replacement deposit and the past-producing Illinois Creek gold-silver mine, with significant inferred and indicated resources and substantial exploration potential along an 8-kilometre strike length.

Average Trading Volume: 272,091

Technical Sentiment Signal: Sell

Current Market Cap: C$62.87M

For a thorough assessment of WAM stock, go to TipRanks’ Stock Analysis page.