In just 10 months, Alaska Energy Metals (AEMC.v AKEMF), a nickel explorer centered around two key projects in North America, has accomplished a variety of milestones, having successfully rebranded and recapitalized the company amid challenging market conditions, bringing in more than $15M to the company.
At it's flagship project, the Nikolai Nickel Project in Alaska, AEMC purchased a large database of historical information, calculated a significant maiden nickel resource and identified drill targets to rest for high-grade mineralization.
The dataset was purchased at a bargain price despite it containing geological, geochemical, geophysical and drilling information totalling tens of million of dollars. This allowed AEMC to accelerate its exploration objectives at very low cost and to calculate a maiden Inferred Resource.
Given all 2023 drill results are in hand which saw strike continuity of 1.2 km of a mineralized zone ranging between 200 and 300m true width with assay results indicating a consistent and homogenous grade of 0.34% NiEq, AEMC is on track to publish an updated MRE for the Eureka Zone and will receive bench-scale metallurgical test results.
With an aggressive drilling program planned at Nikolai in 2023, AEMC is set to significantly expand the project's metal inventory past the current resource of more than 680,000 tonnes (1.5B lbs) of nickel with accessory copper, cobalt, chrome, iron, platinum, palladium and gold.
Additionally in 2023, AEMC purchased a company that owns a Quebec nickel project, which came with $2.8M in cash.
AEMC is focused on calculating and publishing an independent mining consulting firm alongside an update to the MRE to include information from the 2023 drill program.
Results from drill core samples from the Eureka Zone are expected in Q1 2024, followed by bench-scale floatation testing with results in Q2 2024.
Having assembled a very strong team, AEMC is executing a comprehensive market awareness program to position itself for the next phase of the company's growth.
Posted on Behalf of Alaska Energy Metals Corp.