FULL DISCLOSURE: This is sponsored content for Alaska Energy Metals.
Alaska Energy Metals (TSXV: AEMC) is increasing its landholdings in Quebec. The company this morning indicated that it has optioned further property in the Temiscaming Region of Quebec.
The new project, referred to as Bambino, is a nickel-copper platinum group element-focused project, found directly adjacent to Alaska Energy’s Angliers-Belleterre project. The project consists of 57 claims, covered 3,320 hectares, which was acquired from a Quebec prospecting syndicate.
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The property is said to have seen minimal prior exploration, with historical exploration amounting to regional airborne surveys and soil geochemistry. Drilling near to the property at the BAGB property operated by Pivotal Metals, significant intersections of high grade copper-nickel-PGE mineralization has been hit at shallow depths.
“Our Nikolai nickel project in Alaska, which hosts the Eureka deposit, already contains one of the largest known nickel resources in the US. We intend to acquire Bambino so that we can further expand our contribution of nickel and other strategic metals to the rapidly growing lithium-ion battery industry and also the long-term energy storage industry in North America,” commented CEO Gregory Beischer.
READ: Alaska Energy Metals Reports Over 8 Billion Pounds Nickel Content In New Resource Estimate
The company acquired an option on the property in exchange for $105,000 in cash and the issuance of 700,000 common shares, along with a 2% net smelt returns royalty, which will permit Alaska Energy to acquire up to a 100% interest in the project.
Exploration meanwhile is set to get underway at both Angliers and Bambino, with property-wide geochemistry, prospecting, and rock sampling planned. An airborne VTEM survey is also scheduled to take place, in an effort to identify zones to follow-up with controlled source audio magnetotellurics and time-domain electromagnetic surveys.
Alaska Energy Metals last traded at $0.17 on the TSX Venture.
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