Alaska Energy Metals Corp. [TSXV-AEMC] reported assay results from drill holes EZ-23-003 and EZ-23-005. The holes were drilled as part of the company’s 2023 exploration program at its 100%-owned Nikolai Nickel Project in central Alaska. Eight diamond drill holes were drilled during the campaign, with results from four holes now received and results from four holes pending.
Alaska Energy Metals has received results for two additional diamond drill holes from its 2023 exploration program at Nikolai; in total, assay results for four drill holes have been received and four remain pending.
Assay results from drill hole EZ-23-003 returned the following downhole intersection: 324.6 metres of 0.34% Nickel Equivalent (NiEq) (0.23% Ni, 0.08% Cu, 0.02% Co, 0.119 g/t Pd, 0.053 g/t Pt and 0.013 g/t Au).
EZ-23-003 was collared approximately 250 metres southeast of EZ-23-001.
Assay results from drill hole EZ-23-005 returned the following downhole intersection: 356.2 metres of 0.34% NiEq (0.22% Ni, 0.08% Cu, 0.02% Co, 0.122 g/t Pd, 0.057 g/t Pt and 0.014 g/t Au).
EZ-23-005 was collared approximately 300 metres northwest of EZ-23-001.
The results from holes EZ-23-001, EZ-23-003, & EZ-23-005 confirm the consistency of mineralization spanning 600m of strike length along the Eureka Zone. The mineralization remains open in all directions.
Gregory Beischer, President and CEO, commented: “The Eureka Zone of the Nikolai project in central Alaska is proving to be every bit as persistent, consistent, and homogeneous as indicated by the historical drilling on the property. With our grid-pattern drilling at 300-metre centres, we are quickly blocking out a large tonnage of rock mineralized with nickel and other related metals. The current grid-drilled strike extent is approximately 600 metres, with an estimated true width of around 300 meters. Once we receive assay results from the remaining four holes of the 2023 program our intention is to publish an Inferred Resource calculation.”
These new results demonstrate the Eureka Zone continues to remain consistent and homogeneous, as indicated by historical drilling on the property.
EZ-23-003 was drilled ~250 metres southeast of EZ-23-001 and historical drill hole PNI-10-036 to test mineralization continuity along strike to the southeast.
EZ-23-005 was drilled ~300 metres northwest of EZ-23-001 and PNI-10-036 to test mineralization continuity along strike to the northwest.
The results from these holes have confirmed mineralization continuity along a 600-metre strike length, with the mineralization remaining open in all directions.
To date, AEMC has received assay results for four of the eight drill holes completed during the 2023 exploration campaign. Assay results for EZ-23-001 & EZ-23-002.
Located in central Alaska near existing transportation and power infrastructure, the project is well-situated to become a significant, domestic source of critical and strategic energy-related metals for the American market.
