Business
Alaska Energy Metals Intersects Nickel Sulfide Mineralization Over Significant Widths, Nikolai Nickel Project, Alaska
Highlights: Drilling of eight diamond drill holes totaling 4,138 meters was completed during the 2023 campaign and assay results from drill holes EZ-23-001 & EZ
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" Highlights: Drilling of eight diamond drill holes totaling 4,138 meters was completed during the 2023 campaign and assay results from drill holes EZ-23-001 & EZ-23-002 have been received. Six holes remain pending. Drill hole EZ-23-001 returned: 341.6 meters(m) @ 0.23% Ni, 0.08% Cu, 0.02% Co, 0.107 g/t Pd, 0.051 g/t Pt and 0.011 g/t Au (0.34% Nickel Equivalent (“NiEq”). EZ-23-001 was collared approximately 100m southwest of historical drill hole PNI-10-036 and confirmed the previously reported historical drilling results in that hole. Drill hole EZ-23-002 returned: 296.6m @ 0.23% Ni, 0.09% Cu, 0.02% Co, 0.115 g/t Pd, 0.052 g/t Pt and 0.013 g/t Au (0.35% NiEq). EZ-23-003 was collared approximately 300m northwest of EZ-23-001. Drilling results demonstrate consistent mineralization and the potential to accelerate publication of a maiden bulk tonnage resource early in 2024. Additionally, 27-line kilometers of CSAMT geophysical surveys and 16-line kilometers of EM surveys were completed, primarily on the Canwell claim block, to analyze future high-priority drill targets. Alaska Energy Metals President & CEO Gregory Beischer commented: “We intersected exactly what we expected with these initial holes. The main Eureka Zone appears to be remarkably persistent and homogeneous in metal concentration and the width of the mineralized zone is quite significant. With a 100-meter step-out, assay results from EZ-23-001 confirmed the grade historically encountered in drillhole PNI-10-036. Two additional, parallel zones of mineralization may have been revealed within the current and historical drilling datasets. With all the historical drill hole logs and assays now in hand, we see potential to accelerate the publication of a maiden resource at what we view as an emerging base metal district.” VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the completion of its 2023 exploration program at the 100% owned Nikolai Nickel Project in central Alaska (Figure 1). 2023 Exploration Update Eight diamond drill holes, totaling 4,138 meters (m), were drilled over a 1.2-kilometer (km) strike length of the Eureka Zone. Results for the first two drill holes EZ-23-001 & EZ-23-002 have been received, with assay results for the re...