FULL DISCLOSURE: This is sponsored content for Alaska Energy Metals.
Alaska Energy Metals (TSXV: AEMC) has released assay results from two of four drill holes conducted under a program focused on expanding the resource at the Eureka zone, part of the Nikolai project in Alaska.
Assay results are said to have confirmed the continuation of the higher-grade core zone by 600 metres to the southeast, with coarse-grained magmatic sulphides intersected for the first time at Eureka. Highlights from the results include:
- EZ-24-009: 0.30% nickel equivalent (0.21% nickel, 0.08% copper, 0.017% cobalt, 0.089 palladium, 0.04 ppm platinum and 0.017 ppm gold) over 308.2 metres
- Including 0.39% nickel equivalent (0.25% nickel, 0.14% copper, 0.019% cobalt, 0.156 ppm palladium, 0.061 ppm platinum and 0.030 ppm gold) over 67.3 metres
- EZ-24-010: 0.31% nickel equivalent (0.22% nickel, 0.07% copper, 0.017% cobalt, 0.095 ppm palladium, 0.04 ppm platinum and 0.014 ppm gold) over 320.8 metres
- Including 0.39% nickel equivalent (0.25% nickel, 0.14% copper, 0.020% cobalt, 0.154 ppm palladium, 0.061 ppm platinum and 0.023 ppm gold) over 72.5 metres
“These two drill holes further increase the drilled strike extent of the Eureka Zone by 600 meters and confirms the higher-grade core zone extends to the southeast outside of the current resource. Drilling results continue to show the continuity and homogeneity of the Eureka Zone. With results from the remaining two drill holes anticipated soon, we can begin calculating an updated Mineral Resource Estimate,” commented Gabe Graf, Chief Geologist for Alaska Energy Metals.
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With these results in hand, the strike length of Eureka has been extended to a total length of 2.0 kilometres.
Alaska Energy Metals last traded at $0.12 on the TSX Venture.
FULL DISCLOSURE: Alaska Energy Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Alaska Energy Metals. The author has been compensated to cover Alaska Energy Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
