Alaska Energy Metals Files NI 43-101 Technical Report for the Eureka Property, Nikolai Nickel Project, Alaska, USA
05 Enero 2024 - 10:56PM
Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF)
(“AEMC” or the “Company”) is pleased to announce that further to
its news release on November 20, 2023, it has filed its National
Instrument 43-101 Technical Report, dated January 5, 2024, on
SEDAR+ at www.sedarplus.com for its 100% owned Eureka Property,
Nikolai Nickel Project in Alaska, USA.
The Independent Mineral Resource Estimate (MRE) and technical
report were prepared by Stantec Consulting Services, Inc. in
accordance with National Instrument 43-101 regulations.
Furthermore, AEMC is pleased to announce that it has engaged
Stantec Consulting Services, Inc. to complete an updated MRE for
its Eureka Property. The updated MRE will incorporate the eight
diamond drill holes (totaling 4,138 meters) drilled during the
company’s 2023 exploration program and historical drilling,
purchased in August 2023, that fall within a reasonable search
distance for estimation and pass data verification procedures. The
work will start immediately.
Alaska Energy Metals President & CEO Gregory Beischer
commented: “Based on historical drilling, we have been able to
document over 1.5 billion pounds of nickel in an Inferred Resource.
With the drilling our company executed in summer of 2023, the metal
inventory should significantly increase. We are planning an
aggressive drilling program in 2024 to expand the bulk tonnage
resource further, and to explore for high-grade deposits.”
Table 1 – Nikolai Project Maiden Mineral
Resource Estimate (MRE) Effective November 20,
2023
Inferred Mineral Resource Tonnes and Grade |
Area |
Mineralized Zone |
NiEq Cutoff |
Tonnes |
Base and Battery Metals |
PGM and Precious Metals |
Total |
Ni |
Cu |
Co |
Pt |
Pd |
Au |
Ni Eq* |
(%) |
(MT) |
(%) |
(%) |
(%) |
(g/T) |
(g/T) |
(g/T) |
(%) |
Eureka East |
Eureka Zone 2 (EZ2) |
>= 0.200 |
88.6 |
0.24 |
0.08 |
0.02 |
0.056 |
0.124 |
0.012 |
0.35 |
Eureka West |
Eureka Zone 2 (EZ2) |
>= 0.200 |
182.8 |
0.21 |
0.05 |
0.02 |
0.036 |
0.071 |
0.013 |
0.28 |
Eureka Zone 3 (EZ3) |
>= 0.200 |
48.2 |
0.23 |
0.02 |
0.01 |
0.031 |
0.021 |
0.004 |
0.27 |
Total |
EZ2 + EZ2 + EZ3 |
>= 0.200 |
319.6 |
0.22 |
0.05 |
0.02 |
0.041 |
0.078 |
0.012 |
0.30 |
Inferred Mineral Resource Tonnes and Metal
Content |
Area |
Mineralized Zone |
NiEq Cutoff |
Tonnage |
Base and Battery Metals |
PGM and Precious Metals |
Total |
Ni |
Cu |
Co |
Pt |
Pd |
Au |
Ni Eq* |
(%) |
(MT) |
(Mlbs) |
(Mlbs) |
(Mlbs) |
(tOz) |
(tOz) |
(tOz) |
(Mlbs) |
Eureka East |
Eureka Zone 2 (EZ2) |
>= 0.200 |
88.6 |
471 |
165 |
34 |
160,373 |
353,993 |
34,359 |
676 |
Eureka West |
Eureka Zone 2 (EZ2) |
>= 0.200 |
182.8 |
841 |
189 |
65 |
210,018 |
415,335 |
79,036 |
1,135 |
Eureka Zone 3 (EZ3) |
>= 0.200 |
48.2 |
240 |
19 |
16 |
48,816 |
32,694 |
6,495 |
287 |
Total |
EZ2 + EZ2 + EZ3 |
>= 0.200 |
319.6 |
1,552 |
373 |
115 |
419,138 |
802,003 |
119,915 |
2,098 |
- CIM definitions are followed for
classification of Mineral Resource.
- Base case cutoff grade is 0.20% Ni
calculated from a Ni price of US$23,946/tonne (US$10.9 US$/lb),
surface mining cost of US$2.50 per tonne, and processing costs
US$25.00 per tonne.
- Mineral Resource are reported from
within an economic pit shell whose extent has been estimated using
a Ni price of US$23,946/tonne (US$10.9 US$/lb) and mining cost of
US$2.50 per tonne, from a Ni equivalent grade calculated from Ni,
Cu, Co, Pt, Pd, and Au, Ni recovery of 60% and 50% for other
metals, fixed density of 2.80- and 45-degree constant slope
angle.
- Equivalent grade formula is Ni EQ =
Ni/1 + Cu/2.7309 + Co/0.5321 + Pt/0.0008 + Pd/0.0004 +
Au/0.0004
- Metal pricing used to calculate Ni
EQ is based on observation of monthly metal pricing for the past 24
months up to end-October 2023 with Ni at US$23,946/tonne
(US$10.9/lb) (World Bank), Cu at US$ 8,768/tonne ($US4.0/lb) (World
Bank), Co 45,000 US$/tonne (US24/lb) (Trading Economics), Pt at
US$970/toz (World Bank), Pd at US$1,700/toz (Kitco), and Au at
1,855 (World Bank). Totals may not represent the sum of the parts
due to rounding.
- The Mineral
Resource estimate has been prepared by Derek Loveday, P. Geo. of
Stantec Consulting Services Inc. in conformity with CIM “Estimation
of Mineral Resource and Mineral Reserves Best Practices” guidelines
and is reported in accordance with the Canadian Securities
Administrators NI 43-101. Mineral resources are not mineral
reserves and do not have demonstrated economic viability. There is
no certainty that any mineral resource will be converted into
mineral reserve.
QUALIFIED PERSONMr. Derek Loveday, P. Geo. of
Stantec Consulting Services Inc. is the independent Qualified
Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects, and has prepared, or supervised
the preparation of, or has reviewed and approved, the scientific
and technical data pertaining to the MRE and technical report. Mr.
Loveday declares he has read this press release and that the
scientific and technical information relating to the resource
estimate are correct.
Gabriel Graf, the Company’s Chief Geoscientist, is the qualified
person, as defined under National Instrument 43-101 guidelines, who
reviewed and approved the preparation of the technical information
in this news release.
For additional information, visit:
https://alaskaenergymetals.com/
ABOUT ALASKA ENERGY METALSAlaska Energy Metals
Corporation is focused on delineating and developing a large
polymetallic exploration target containing nickel, copper, cobalt,
chrome, iron, platinum, palladium, and gold. Located in central
Alaska, the Nikolai Nickel project is located 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. The
Company is also exploring the Angliers Nickel project in
Quebec.
ON BEHALF OF THE BOARD“Gregory Beischer”Gregory
Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:Gregory
A. Beischer, President & CEOToll-Free: 877-217-8978 | Local:
604-638-3164
Sarah Mawji, Public RelationsFinal Edit Media and Public
Relations Email: sarah@finaleditpr.com
Some statements in this news release may contain forward-looking
information (within the meaning of Canadian securities
legislation), including, without limitation, that the Company (a)
complete an updated resource calculation, and b) execute further
drilling in 2024. These statements address future events and
conditions and, as such, involve known and unknown risks,
uncertainties, and other factors which may cause the actual
results, performance, or achievements to be materially different
from any future results, performance, or achievements expressed or
implied by the statements. Forward-looking statements speak only as
of the date those statements are made. Although the Company
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guaranteeing of future performance and actual results may
differ materially from those in the forward-looking statements.
Factors that could cause the actual results to differ materially
from those in forward-looking statements include regulatory
actions, market prices, and continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made. Except as required by applicable law, the Company assumes no
obligation to update or to publicly announce the results of any
change to any forward-looking statement contained or incorporated
by reference herein to reflect actual results, future events or
developments, changes in assumptions, or changes in other factors
affecting the forward-looking statements. If the Company updates
any forward-looking statement(s), no inference should be drawn that
it will make additional updates with respect to those or other
forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
Alaska Energy Metals (TSXV:AEMC)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Alaska Energy Metals (TSXV:AEMC)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024