Mining Stock Daily Alaska Silver on the Silver Zone Discovered at Illinois Creek
Nov 13, 2025
Kit Marrs, a representative of Alaska Silver, discusses their groundbreaking Silver Sage discovery at the Illinois Creek CRD project. He delves into the team's innovative use of soil anomalies and trenching that led to the find. The conversation covers the challenges faced during SEC registration and the impact on public updates. With a significant $13.8M in financing, Marrs shares ambitious drilling plans for 2026. He also reviews the strong potential of Alaska's mining jurisdiction and touches on the importance of critical minerals like gallium.
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How Silver Sage Was Discovered
- Kit Marrs described how the Silver Sage discovery emerged from follow-up soil anomalies and an EM airborne survey.
- Trenching found mineralization in ~8 of 12 spots and initial XRF showed argentiferous galena with promising silver signals.
U.S. Registration Enabled Growth
- Losing foreign private issuer status forced a full SEC registration to access U.S. capital and broaden the shareholder base.
- Kit Marrs sees U.S. listing and free-trading shares as essential to add liquidity and attract U.S. funds.
Plan Drilling Now That Funding Is Secured
- Plan exploration and budgeting now that the financing is closed to avoid spending time raising capital next season.
- Use the secured funds to execute a larger, well-planned drill program and extend runway into 2027.