It's not a separate species, just a separate color phase within the species.
More Quotes from Jeff Selinger:
Moose and black bears both have been reported in a variety of color phases.Jeff Selinger
It's rare here. I'm not sure to what extent it occurs. I've seen pictures of black squirrels and albino squirrels in the state, but those were from around the Fairbanks area. I can't swear to it, but this may be the first black squirrel on the peninsula.
Jeff Selinger
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