FULL DISCLOSURE: This is sponsored content for Alaska Energy Metals.
Alaska Energy Metals (TSXV: AEMC) hasn’t limited exploration to just the Eureka property in Alaska, revealing this morning assay and geophysical results from a sampling program conducted at the nearby Canwell property. The two properties together form the Nikolai Nickel project.
The geophysical program, which consisted of CSAMT and TEM surveys, is said to have identified multiple untested targets. The goal of the surveys was to identify potential ultramafic rocks, and then to reveal any potential conductive mineralized bodies.
Exploratory work has identified three prospects for high grade mineralization, including the Canwell, Odie, and Emerick prospects.
At Canwell, the highest grade nickel in surface and core samples was identified, along with a high-angle, low resistivity zone beneath the prospect. Nickel grades as high as 5.25% were identified at Canwell in sample 724510, which had a nickel equivalent grade of 7.56%. Sample 724706 meanwhile saw copper grades top out at 5.55%, with the sample boasting an overall nickel equivalent grade of 4.95%.
The Odie prospect is said to feature a prominent low-resistivity zone beneath the prospect, with surface samples grading as high as 0.27% nickel. Historical drilling at the prospect has intersected only a shallow CSMAT anomaly, which is said to have been high in anomalous nickel values.
Finally, the Emerick prospect features low resistivity along the length of the geophysical line, with resistivity suggesting a thinly layered lithology to a depth of 75 metres, below which lower resistivity occurs. Alaska Energy suggests ultramafic rocks may be buried beneath a layer of volcaniclastics at the prospect, with historical drilling having occurred to the south.
“The surface sampling results confirm high-grade historical results, but it is the geophysical program results that are really exciting. The geophysical surveys strongly suggest that the high-grade mineralization extends below surface, beneath prior, historical drilling. To test for higher grade nickel and copper mineralization, we intend to drill these geophysical anomalies at the Canwell, Odie and Emerick prospects in 2024. It is notable that the sulfide mineralization is also strongly enriched in platinum group elements,” commented CEO Gregory Beischer.
In terms of future exploration, two drill holes are planned for each of the Emerick and Odie prospects for 2024 to test the anomalies, while one hole is planned to test the Canwell prospect.
The results follow the release of recent drill results at the Eureka project, where in the most recent results Alaska Energy Metals encountered 310.4 metres of 0.32% nickel equivalent in hole EZ-23-007, and 318.6 metres of 0.31% nickel equivalent in hole EZ-23-008.
Alaska Energy Metals last traded at $0.37 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.
