AEM gains $30M of Nikolai data
BY NORTH OF 60 MINING NEWS
eralization. The property, howev - er, also includes the Canwell block, which has shown the potential for higher-grade deposits. Exceptional - ly high grades of nickel, copper, gold, platinum, and palladium, along with the rarer platinum-related metals osmium, iridium, ruthenium, and rhodium, have historically been re- ported from outcrop grab, float, and chip samples from Canwell. Alaska Energy Metals has pur - chased the complete Nikolai explo - ration dataset from Alaska Critical Metals, a private company that pur - chased it from Pure Nickel, for $1.05 million and 2 million Alaska Energy shares valued at another $1 million. "A strong return on investment will be realized almost immediately from this data purchase. Thousands of metres of drilling are represented, including holes in the Eureka Zone exploration target area," said Alas - ka Energy Metals President and CEO Gregory Beischer. "This additional
information will significantly accel - erate our work." Nickolai is located near the paved Richardson Highway, about a 2.5- hour drive southeast of Fairbanks, Alaska. The dataset includes drill log and assay data from all holes histori- cally drilled at Nikolai; data from eight types of airborne and ground geophysical surveys carried out over the property; lidar survey; and thou - sands of soil and rock samples. "The geophysical surveys will be invaluable for guiding our drill pro - grams toward higher-grade zones of mineralization," said Beischer. "This move to purchase the data will provide an immediate benefit to our exploration program and to our shareholders." "The cost we have paid to pur - chase the data is roughly 5 percent of the cost to replicate the data," said Beischer. "This is a great step forward!"
Alaska Energy Metals Corp. has acquired a database from more than $30 million of exploration carried out since 1995 at the company's Ni - kolai nickel-copper-cobalt-plati - num group metal project in Alaska. It’s the latest in several decades of work on the project. INCO Ltd. first discovered and explored Nickolai during the 1990s. Nevada Star Resources Ltd. picked up the property, which was known at the time as MAN, and carried out exploration with Anglo American (Canada) Ltd. from 2004 to 2006. As its exploration evolved, Nevada Star changed its name to Pure Nickel Inc. and partnered with Japan-based Ito - chu Corp., which funded exploration at the project from 2008 until 2013. Most of the historical work at Ni- kolai focused on Eureka, a roughly 10-mile- (15 kilometers) long trend of nickel-copper-cobalt-PGM min -
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The Alaska Miner
Fall 2023
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