Alaska Silver Launches Illinois Creek Drill Program After Record High-Grade Hits

Alaska Silver began a fully funded 6,000 m drill campaign at Illinois Creek on June 4, extending the sector’s exploration momentum into early June. The move follows a surge of exceptional intercepts, including Aya Gold & Silver’s 2,176 g/t Ag over 8.4 m at Zgounder and Nord Precious Metals’ 2,848 g/t Ag over 6.65 m at Castle East. Earlier, Americas Gold and Silver delivered 599.8 g/t Ag over 14 m at Cosalá, while Silvercorp posted record fiscal 2026 adjusted net income of $150.8 M. Bank of America warned any spike toward $100/oz would prove transitory, forecasting a return to $75/oz by mid-2027 as industrial demand softens.