Alaska Energy Metals Set To Release Updated Resource Estimate In Q1

FULL DISCLOSURE: This is sponsored content for Alaska Energy Metals.

Alaska Energy Metals (TSXV: AEMC) yesterday issued a corporate update, focused on its successes in 2023, as well as what investors can expect from the company in 2024.

“I am very proud of what we have accomplished in just 10 months. We’ve successfully rebranded and recapitalized the Company; no small feat given challenging market conditions. For our Nikolai Nickel project in Alaska, we purchased a large database of historical information, calculated a significant maiden nickel resource, and identified drill targets to test for high-grade mineralization,” summarized CEO Gregory Beischer.

Key among the firms successes last year was the release of a maiden resource estimate for its flagship Nikolai project in Alaska. Across the Eureka Zone East and the Eureka Zone West, the company is estimated to have 1,551 million pounds of nickel, 373 million pounds of copper, 115 million pounds of cobalt, and 1.3 million ounces of platinum, palladium, and gold on a combined indicated and inferred basis.

This year, the company intends to publish an update to that mineral resource estimate within the first quarter, which will include data from the 2023 eight hole drill program that focused on the core of Eureka Zone.

READ: Alaska Energy Metals Encounters 5.25% Nickel In Samples At Canwell

From a geological model perspective, the company in Q1 is also expected to release results from a metal deportment study that will identified the mineral species that contain the metals in the Eureka Zone, which is to be followed by flotation testing to determine recovery rates in Q2.

An aggressive drill program is also in the process of being planned, which will be designed to “significantly” expand the mineral resource inventory of the Eureka Zone, while preliminary exploration is also set to take place at the recently acquired Angliers-Belleterre property in Quebec.

“With all our 2023 drill results now in hand, we will soon publish an updated Mineral Resource Estimate for the Eureka Zone and will receive bench-scale metallurgical test results. With an aggressive drilling program planned at Nikolai in 2024, we believe we will significantly expand the Nikolai Project’s metal inventory,” continued Beischer.

Alaska Energy Metals last traded at $0.395 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.

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