Even before this year’s exploration program, Alaska silver was considerably undervalued. At the company’s Illinois Creek project, a 75 million AgEq deposit from material grading 31.5 oz. AgEq ounces/ton had already been established. At $50 silver, the existing deposit calculates out to an in-situ value of $3.75 billion!
There most certainly is more silver upside at Illinois Creek because during this exploration season, a brand new high grade silver-lead-zinc deposit was discovered on a separate zone named the Silver Sage zone. The value of that discovery is unknown at this time but with incredibly high surface sample grades like 1,235 g/t Ag and 65% lead, and at least 550 meters in strike length to explore, it could be a substantial discovery.
Now let’s talk about the company’s forgotten gold open-pit oxide Illinois Creek gold deposit which hosts 525,000 ounces of gold. When gold fell to $250 that project which was once a producing mine was ignored. Even as gold rose to over $2,000 the company preferred focusing on its extremely rich silver-lead-zinc prospects. But now at $4,000 gold, the in-situ value of the gold deposit is $2.1 billion!
The company’s shares have been very undervalued based on its Waterpump discovery alone. Next summer when the new Silver Sage zone is drilled, silver-equivalent ounces could begin to grow rapidly from high grade material.
Now add the value of the gold deposit which the company has not talked about until now, and I believe Alaska Silver is primed for a major upside move in the months to come as economic studies on both gold and silver projects are undertaken starting in 2026.
As always, I hope you enjoy and profit from this video.
Best wishes,
Jay Taylor
PS: I failed to mention in the video that I am not being compensated for this interview. It is a stock that I own personally and it is covered in my newsletter, J Taylor’s Gold, Energy & Tech Stocks. I simply want investors to be aware of the potential I believe Alaska Silver offers investors.
Courtesy of Alaska Silver via Jay Taylor
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