Western Alaska Minerals Corp [TSX.V:WAM]
https://www.westernalaskaminerals.com/
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Western Alaska Minerals Corp. [TSX.V:WAM] engages in the acquiring, exploring, and developing mineral properties in the United States.
The company primarily explores for gold, silver, copper, lead, and zinc deposits. It holds a 100% interest in the Round Top Property that consists of 92 state mineral claims located in the Mount McKinley and Nulato mining districts of Alaska; the Honker Property that consists of 24 state mineral claims located in the Mount McKinley mining district of Alaska; and the Illinois Creek Mine Project covering a total area of approximately 73,000 acres located in Alaska.
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WAM's most advanced stage asset is the Illinois Creek oxide gold-silver deposit, a past-producing run of mine (ROM) heap leach mine that operated between 1997 and 2002, when gold & silver prices were low. In 2018, the company entered into a JV with Piek Inc. to advance the resource and ultimately purchase the asset and the entire Illinois Creek property. In March 2021, WAM secured 100% of the Illinois Creek property which also includes the Waterpump Creek CRD target.
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WAM's intact mineral system encompasses the past producing Illinois Creek gold-silver mine, the Waterpump Creek deposit, and the Honker gold prospect, which make up the CRD system in focus. 25 kilometers northeast of the Illinois Creek CRD are the Round Top copper and the TG North CRD prospects. All prospects were originally discovered by Anaconda Minerals Co. in the 1980's. Since 2010, WAM reassembled the Anaconda land package and has been actively exploring the district. WAM’s 100% owned claims cover 73,120 acres (114.25 square miles).
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The company was incorporated in 2020 and is headquartered in Tucson, Arizona.
April 2024: WAM is good value based on its Price-To-Book Ratio (1x) compared to the peer average (4.3x).