TSXV:AEMC - Post Discussion
Post by
MarketMakerss on Dec 19, 2023 6:02pm
AEMC Releases Final Two Drill Results from Nikolai
Marking the receipt of all assay results from its 2023 exploration program, Alaska Energy Metals (AEMC.v AKEMF) has announced the final two drill results from its Nikolai Nickel Project.
Notably, these results confirm the consistency of mineralization spanning 1.2 km of strike length along the Eureka Zone with mineralization open in all directions; demonstrating that the Zone remains consistent and homogenous as indicated by historical drilling.
Hole EZ-23-007: 310.4 m @ 0.32% NiEq (0.21% Ni, 0.08% Cu, 0.02% Co, 0.106 g/t Pd, 0.052 g/t Pt and 0.013 g/t Au) and 93.6m @ 0.36% NiEq (0.22% Ni, 0.13% Cu, 0.02% Co, 0.157 g/t Pd, 0.075 g/t Pt and 0.014 g/t Au)
Hole EZ-23-008: 318.6m @ 0.31% NiEq (0.21% Ni, 0.07% Cu, 0.02% Co, 0.090 g/t Pd, 0.042 g/t Pt and 0.012 g/t Au) and 67.2m @ 0.33% NiEq (0.21% Ni, 0.10% Cu, 0.02% Co, 0.117 g/t Pd, 0.057 g/t Pt and 0.013 g/t Au).
Results from the eight holes drilled in 2023 confirm the consistency of mineralization spanning 1.2 km of strike length along the Eureka Zone with mineralization open in all directions
Alaska Energy Metals President & CEO Gregory Beischer commented:
“With these final 2023 drilling program assay results in hand, we can now work to calculate an update to our Mineral Resource Inventory. We anticipate producing this update in the first quarter of 2024. Metal deportment studies and metallurgical testing have been initiated. With a strong foundation and increased confidence in the exploration pipeline, based on the highly positive results received from this year’s drilling program, we anticipate an ambitious, expanded program for the summer of 2024. We remain dedicated to responsible resource development and will continue to work towards uncovering a domestic supply of nickel, which is essential to a growing number of industries and critical for America’s energy future.”
Notably, AEMC's Nikolai Nickel Project boasts a resource exceeding 1.5B pounds of nickel, 372M pounds of copper, 115M pounds of cobalt as detailed in the Maiden NI 43-101 Mineral Resource Estimate and is "quickly evolving into one of the largest nickel resources on the continent".
Positioned next to the paved Richardson Highway, Nikolai faces no transportation issues typically expected from Alaskan projects.
AEMC additionally boasts a powerhouse management team with CEO Greg Beischer who has 30 years of experience raising over $50M for exploration projects.
Furthermore, AEMC has employed an innovative exploration technique which uses artificial intelligence and machine learning for mineral exploration, from Breakthrough Energy Ventures, a climate and technology fund supported by Gates, Michael Bloomberg, Bezos, and Dalio.
On track to hit a resource growth target of reaching multiple billions of pounds of in situ 0.35% NiEq within 18 months, AEMC will be advancing the project with an aggressive, multi-drill approach, including up to 4 drill rigs moving next season.
Posted on Behalf of Alaska Energy Metals Corp.
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