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Alaska Energy Metals Extends Eureka Zone Mineralization 1.8 Kilometers to the Southeast, Nikolai Project, Alaska
HIGHLIGHTS Alaska Energy Metals received assay results from the remaining two drill holes completed during the 2024 Eureka resource expansion exploration progra
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" HIGHLIGHTS Alaska Energy Metals received assay results from the remaining two drill holes completed during the 2024 Eureka resource expansion exploration program. The drill program has successfully extended the Eureka deposit by 1.8 kilometers (km). The drilled extent of the deposit is now approximately 5.5 km. The deposit features nickel as the primary commodity but has multiple critical metals – copper, cobalt, chromium, platinum, and palladium. It is anticipated that the summer drill program will add significant tonnage and metal content to the existing Mineral Resource Estimate (MRE). The Company plans to publish an updated MRE and metallurgical results in the first quarter of 2025. Significant estimated true thicknesses of polymetallic mineralization were intersected in the final two holes of the program, including: EZ-24-012 – 330.9 meters @ 0.28% nickel equivalent (NiEq) (0.20% Ni, 0.07% Cu, 0.015% Co, 0.085 ppm Pd, 0.036 ppm Pt and 0.012 ppm Au), plus 0.28% Cr, 9.49% Fe EZ-24-011 – 107.5 meters @ 0.29% NiEq (0.22% Ni, 0.05% Cu, 0.017% Co, 0.055 ppm Pd, 0.028 ppm Pt and 0.008 ppm Au), plus 0.27% Cr and 10.10% Fe Alaska Energy Metals Chief Geologist Gabe Graf commented: “Now, with all 2024 results received from our Eureka resource expansion drill program, we can work to calculate an update to our MRE and anticipate producing this update in the first quarter of 2025. This is an exciting time for us, and we look forward to sharing the updated MRE with all our stakeholders. In light of recent alterations to the US minerals supply chain, made by China’s recent export ban of several critical minerals, this point in time remains crucial. Trade relations with China are uncertain, and should we face another more disruptive mineral ban, it could further stunt economic growth and development and even compromise national security. Thus, we remain steadfast in our efforts to uncover a domestic supply of nickel, cobalt, chromium, and other critical and energy-related metals essential to a growing number of strategic industries to ensure access to materials of great importance for the long haul.” VANCOUVER, British Columbia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce assay results from the remaining two drill holes completed at the Eure...