Business
Alaska Energy Metals Announces Sale of Exploration Data to KoBold Metals, Nikolai Project Area, Alaska
VANCOUVER, British Columbia, Nov. 28, 2023 (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, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals” or the “Company”) today announced the partial sale of its previously purchased exploration data to a subsidiary of KoBold Metals Company (“KoBold”), an exploration and mining company out of Silicon Valley known for its innovative use of machine learning and artificial intelligence in mineral exploration. The data pertains to KoBold’s Skolai Project (purple outline in Figure 1), which runs adjacent to AEMC’s Nikolai Nickel Project (red outline in Figure 1) in the Interior Alaska region. Figure 1. Claim map, Nikolai Nickel Project area, Alaska. Alaska Energy Metals Corporation President & CEO commented: “We are pleased to recover some of our costs from the large exploration data set we bought earlier this year. KoBold owns claims that neighbour our Nikolai Nickel Project and I am confident they will put the data to good use. With it, it should accelerate their exploration efforts. We wish KoBold success in their search for magmatic nickel-copper sulfide deposits on their claims. Any discovery success in this emerging nickel district will benefit Alaska Energy Metals and Alaska generally.” Earlier this year, Alaska Energy Metals acquired an extensive data package produced by prior explorers of the district, some of which now pertains to claims held by KoBold. AEMC has sold the relevant data to KoBold for US$175,000. The data has been clipped approximately to the boundaries of KoBold’s Skolai claim block and includes: Rock sample assay results (>1,000 samples) Soil sample assay results (>2,300 samples) Stream sediment samples assay results (>250 samples) Drill core assay results and core logs (13 drill holes) ZTEM and VTEM airborne geophysical surveys Geological maps KoBold Metals Chief Strategy Officer, Daniel Enderton, commented: “We appreciate completing this data purchase with Alaska Energy Metals Corporation to further work on our Skolai Nickel Project. We similarly wish Alaska Energy M...