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Alaska Silver Corp ( (TSE:WAM) ) has provided an update.
Alaska Silver Corp. has outlined a fully funded 6,000-meter diamond drilling and surface exploration program for summer 2026 at its 100%-owned Illinois Creek silver-gold-lead-zinc and gallium project in western Alaska. Using two company-owned drill rigs, the campaign aims to expand resources at the high-grade Waterpump Creek deposit, advance the newly discovered Silver Sage zone and test additional high-priority targets across the 32,737-hectare property.
At Waterpump Creek, drilling will target extensions of the high-grade inferred resource across a post-mineral fault, following 2025 holes that confirmed mineralization continues south of the fault and clarified the structural controls. At Silver Sage, where trenching and initial drilling in 2025 returned high-grade silver-lead values and confirmed a carbonate replacement setting, the 2026 work will seek deeper feeder structures and coherent sulfide mineralization, while a broader regional program will probe two interpreted CRD-porphyry centers to refine district-scale potential for future growth.
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 company focused on silver, gold, lead, zinc and associated metals in western Alaska. Its core asset is the 100%-owned Illinois Creek project, where it is advancing high-grade carbonate replacement deposit targets such as the Waterpump Creek deposit and the emerging Silver Sage zone.
Average Trading Volume: 274,757
Technical Sentiment Signal: Buy
Current Market Cap: C$71.15M
For a thorough assessment of WAM stock, go to TipRanks’ Stock Analysis page.