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Alaska Energy Metals Announces Drilling Program at the Nikolai Project, Canwell Prospects, Alaska, and Marketing Contract Extensions
VANCOUVER, British Columbia, July 16, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals” or the “Comp
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 16, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals” or the “Company”) is pleased to announce that it has begun a drilling program to test compelling geological – geophysical – geochemical targets at the Canwell block of claims that form part of its Nikolai Nickel Project in Alaska. The drilling program includes plans for three holes for a total of 1,200 meters. The Canwell prospects are located near the Company’s Nikolai project Eureka deposit which represents a large accumulation of nickel with copper, cobalt, chrome, iron, platinum, palladium and gold. Additionally, the Company plans to initiate bench-scale metallurgical testing on the EZ2 mineralization at its Eureka Deposit. Initial testing work will include bond ball mill grindability, flotation (mill calibration, rougher, cleaner, Cu/Ni separation, locked cycle) and magnetic separation (Davis Tube and LIMS) testing. Detailed mineralogical work was recently completed and will inform the metallurgical work. Canwell Prospects The photograph in Figure 1, taken from the Richardson Highway, shows the location of various surface prospects on the Canwell claim block. Featured targets at Canwell include the Odie, Emerick and Upper Canwell prospects. At the Odie and Upper Canwell locations, samples of high-grade massive nickel-copper-iron sulfide mineralization in local, surface talus and outcrop have been previously sampled by Alaska Energy Metals. The surface samples of massive sulfides are enriched with platinum-group metals. Controlled-source Audio-frequency Magnetotellurics (“CSAMT”) and Electromagnetic (“EM”) geophysical surveys conducted by the Company in 2023 identified strong low resistivity and conductive zones immediately beneath the high-grade surface massive sulfide occurrences at all three of the prospects. The Company’s geochemical and geophysical results for the Canwell claim block were released in a press release dated January 4, 2024. The CSAMT and EM conductive zones are also marked by a strong magnetic susceptibility response. It is hypothesized that the conductive zone and magnetic response is caused by nickel-copper sulfides in the subsurface. CSAMT results clearly identified the limits of the ultramafic rocks that host massive sulfides at surface. One drill hole is...