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Alaska Energy Metals Files NI 43-101 Technical Report for the Eureka Property, Nikolai Nickel Project, Alaska, USA
VANCOUVER, British Columbia, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce that further to its news release on November 20, 2023, it has filed its National Instrument 43-101 Technical Report, dated January 5, 2024, on SEDAR+ at www.sedarplus.com for its 100% owned Eureka Property, Nikolai Nickel Project in Alaska, USA. The Independent Mineral Resource Estimate (MRE) and technical report were prepared by Stantec Consulting Services, Inc. in accordance with National Instrument 43-101 regulations. Furthermore, AEMC is pleased to announce that it has engaged Stantec Consulting Services, Inc. to complete an updated MRE for its Eureka Property. The updated MRE will incorporate the eight diamond drill holes (totaling 4,138 meters) drilled during the company’s 2023 exploration program and historical drilling, purchased in August 2023, that fall within a reasonable search distance for estimation and pass data verification procedures. The work will start immediately. Alaska Energy Metals President & CEO Gregory Beischer commented: “Based on historical drilling, we have been able to document over 1.5 billion pounds of nickel in an Inferred Resource. With the drilling our company executed in summer of 2023, the metal inventory should significantly increase. We are planning an aggressive drilling program in 2024 to expand the bulk tonnage resource further, and to explore for high-grade deposits.” Table 1 – Nikolai Project Maiden Mineral Resource Estimate (MRE) Effective November 20, 2023 Inferred Mineral Resource Tonnes and Grade Area Mineralized Zone NiEq Cutoff Tonnes Base and Battery Metals PGM and Precious Metals Total Ni Cu Co Pt Pd Au Ni Eq* (%) (MT) (%) (%) (%) (g/T) (g/T) (g/T) (%) Eureka East Eureka Zone 2 (EZ2) >= 0.200 88.6 0.24 0.08 0.02 0.056 0.124 0.012 0.35 Eureka West Eureka Zone 2 (EZ2) >= 0.200 182.8 0.21 0.05 0.02 0.036 0.071 0.013 0.28 Eureka Zone 3 (EZ3) >= 0.200 48.2 0.23 0.02 0.01 0.031 0.021 0.004 0.27 Total EZ2 + EZ2 + EZ3 >= 0.200 319.6 0.22 0.05 0.02 0.041 0.078 0.012 0.30 Inferred Mineral Resource Tonnes and Metal Content Area Mineralized Zone NiEq Cutoff Tonnage Base and Battery Metals PGM and Precious Metals Total Ni Cu Co Pt Pd Au Ni Eq* (%) (MT) (Mlbs) (Mlbs) (Mlbs) (tOz) (tOz) (tOz) (Mlbs) Eureka...