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Alaska Energy Metals Significantly Increases NI 43-101 Mineral Resource Estimate for Eureka Deposit, Nikolai Nickel Project, Alaska, USA
HIGHLIGHTS The Eureka West and Eureka East deposits reported in the maiden 2023 Mineral Resource Estimate (“MRE”) are now connected as one deposit measuring 4.5
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" HIGHLIGHTS The Eureka West and Eureka East deposits reported in the maiden 2023 Mineral Resource Estimate (“MRE”) are now connected as one deposit measuring 4.5 kilometers (2.8 miles) in length. Relative to the maiden MRE: A significant portion of the deposit was upgraded from Inferred to Indicated MRE. Previously there was 0 tonnes of Indicated resource. There has been an addition of 813 million tonnes of Indicated resource to the MRE. The grade of the Indicated resource is 0.29% nickel equivalent (“NiEq”). The Inferred resource has increased from 319.6 million tonnes to 896 million tonnes, a 180% increase. The grade of the Inferred resource is 0.27% NiEq. There has been an addition of 3.877 billion pounds (1.758 million tonnes) of contained nickel to the Indicated resource. There has been an increase in Inferred resource contained nickel metal from 1.552 billion pounds (703,975 tonnes) to 4.225 billion pounds (1.916 million tonnes), a 172% increase. 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 now identified (EZ1, EZ2, and EZ3). A higher-grade core zone has been identified within EZ2 and it shows continuity along much of the strike of the deposit. The higher-grade core contains an Indicated resource of 211 million tonnes at a grade of 0.34% NiEq and an Inferred resource of 154 million tonnes at a grade of 0.33% NiEq. THE MRE now stands at: Indicated MRE: 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 Inferred MRE: 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 VANCOUVER, British Columbia, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) announced today an updated independent mineral resource estimate prepared in accordan...