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Alaska Energy Metals Files Updated NI 43-101 Technical Report for the Eureka Deposit, Nikolai Nickel Project, Alaska, USA
Contained nickel for the Eureka Mineral Resource Estimate (“MRE”), effective February 12th, 2024, equals: Indicated Resources: 3.9 billion pounds of nickel Infe
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" Contained nickel for the Eureka Mineral Resource Estimate (“MRE”), effective February 12th, 2024, equals: Indicated Resources: 3.9 billion pounds of nickel Inferred Resources: 4.2 billion pounds of nickel VANCOUVER, British Columbia, March 15, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce that it has filed an Updated National Instrument 43-101 Technical Report (the “Updated Technical Report” or the “Report”) on SEDAR+ for its 100% owned Eureka Property, Nikolai Nickel Project in Alaska, USA. Highlights of the Updated Eureka Technical Report and MRE include: The Eureka West and Eureka East deposits reported in the maiden 2023 MRE are now connected as one deposit measuring 4.5 kilometers (2.8 miles) in length. A significant portion of the Eureka MRE has been upgraded from Inferred to Indicated Resource. The Indicated Resource contains: 813 million tonnes grading 0.29% NiEq containing: 3,877 million pounds (1.758 million tonnes) of nickel 1,276 million pounds (578,783 tonnes) of copper 303 million pounds (137,438 tonnes) of cobalt 4.0 million ounces of platinum, plus palladium and gold The Inferred Resource increased from 319.6 million tonnes to 896 million tonnes, a 180% increase. The Inferred Resource contains: 896 million tonnes grading 0.27% NiEq containing: 4,225 million pounds (1.916 million tonnes) of nickel 1,040 million pounds (471,736 tonnes) of copper 327 million pounds (148,324 tonnes) of cobalt 3.4 million ounces of platinum, plus palladium and gold A higher-grade core, present over the southeastern half of the deposit, has been clearly confirmed and identified. The higher-grade core is open to the southeast, and the Company has plans to drill test this zone in 2024. As a consequence of joining the two deposits together, the strip ratio has been reduced from 3.7:1 to 1.5:1. Three parallel zones of mineralization are identified (EZ1, EZ2, and EZ3). Chrome and iron have been identified as potentially significant co-products of mineralization at the Eureka deposit. AEMC will continue to evaluate the potential to produce a ferrochrome (FeCr) product through ongoing metallurgical testing currently in progress. The Report titled “Nikolai Mineral Reso...