TSXV:AEMC - Post Discussion
Post by
MarketMakerss on Nov 23, 2023 5:12pm
Consistency and Predictability of the Deposit
"The rapid growth in resources speaks to the consistency and predictability of the deposit, which remains open in all directions. Eureka is quickly evolving into one of the larger nickel resources on the continent.” - President & CEO Gregory Beischer
Demonstrating the "ability to rapidly put together a resource based on wide spaced holes", Alaska Energy Metals (AEMC.v AKEMF) has released the Maiden NI 43-101 Mineral Resource Estimate for its 100% owned Nikolai Nickel Project which exceeds 1.5 billion pounds of contained nickel!
Total Eureka Zone MRE Highlights:
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Inferred mineral resource of 1.5B pounds of nickel, 372M pounds of copper, 115M pounds of cobalt
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1.34 million ounces of platinum, palladium, and gold in a constrained model totalling 319.6 million tonnes at an average grade of 0.30% total nickel equivalent (“NiEq”) using a 0.20% NiEq cut-off grade
Notably, the deposits are defined by 8 of the 37 drill holes cored prior to 2023; several remaining drill holes provide early confirmation that the mineralization is interconnected across all three deposits with the deposits remaining open in all directions.
The resource does not include assay results from the eight-hole 2023 drill campaign as an updated estimate is anticipated to be completed in 2024 with these additional results.
This mineral resource estimate aligns with AEMC's position to become a substantial domestic source of critical metals for the American market amid nickel emerging as a linchpin in the global economy fueled by its use in green technology and renewable energy.
With an aggressive, multi-drill approach, including up to 4 drill rigs moving next season, AEMC is successfully on track to hit a resource growth target of reaching multiple billions of pounds of in situ 0.35% NiEq within 18 months.
As the future of the nickel market is linked to the broader global political narratives coming out of the US, Russia and China, AEMC is strategically positioned at the center of this evolving story with a range of upcoming catalysts including assays from exploration drilling, results from the EM surveys and the release of an updated MRE at Nikolai in early 2024.
Posted on Behalf of Alaska Energy Metals Corp.
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