Alaska Energy Metals Completes Inaugural Diamond Core Drilling Program and Dhem Surveys at the Canwell Property, Alaska, USA
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
NR: 24-32
ALASKA ENERGY METALS COMPLETES INAUGURAL
DIAMOND CORE DRILLING PROGRAM AND DHEM
SURVEYS AT THE CANWELL PROPERTY, ALASKA, USA
VANCOUVER, BRITISH COLUMBIA, OCTOBER 1, 2024 – Alaska Energy Metals Corporation
(TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the
completion of its previously announced drilling program to test compelling geological –
geophysical – geochemical targets at the Canwell block of claims that form part of its
Nikolai Project in Alaska. The Canwell prospects are located near the Company’s Nikolai
project Eureka deposit, which represents a large accumulation of nickel with copper, cobalt,
chromium, iron, platinum, palladium, and gold. Three drill holes for a total of 1,048 meters
were completed on the featured targets at Canwell, including the Emerick, Odie and Upper
Canwell prospects. The drill holes at Odie and Upper Canwell reached the planned target
depths, while the drill hole at Emerick was stopped early due to extremely poor ground
conditions. All the core has been logged, cut, and sampled and are currently at SGS
Burnaby analytical labs. Assay results will be published later this quarter.
DOWNHOLE ELECTROMAGNETIC SURVEYS (DHEM)
The Company has also completed DHEM surveys on one drill hole at the Upper Canwell
prospect. The surveys were completed by TMC Géophysique of Val-d'Or, Quebec. DHEM
surveys test for the presence of mineralized conductive zones around a drill hole within a
radius that can reach 200 meters. These surveys will aid the Company in determining if
other zones of sulfide mineralization may exist near the drill holes and aid in planning for
follow-up drilling. Final survey results and interpretations will be available later in the
fourth quarter of 2024.
Alaska Energy Metals Chief Geoscientist Gabe Graf commented: “Despite the challenging
ground conditions faced during this drill program at the Canwell prospects, our drill contractor
was successful in reaching the planned total depth of drilling in two of the three drill holes at
Odie and Upper Canwell. Completing this inaugural drill program brings us one step closer to
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Diamond Core Drill Program
Completed at Canwell
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uncovering the critical mineral potential of the entire Nikolai project in Alaska. We look forward
to receiving and sharing the analytical and DHEM survey results upon receipt later this quarter.”
SHARE ISSUANCE
The Company also reports that it has issued one million AEMC shares and paid US$125,000
to the owner of the Canwell claim block. AEMC has an option to purchase a 100% interest in
the claims. To complete the option, AEMC will need to make one further cash and share
payment of US$250,000 and one million AEMC shares and make further exploration
expenditures of approximately US$1.2 million.
QUALIFIED PERSON
Gabriel Graf, the Company’s Chief Geoscientist, is the qualified person who reviewed and
approved the technical disclosure in this news release.
For additional information, visit: https://alaskaenergymetals.com/
ABOUT ALASKA ENERGY METALS
Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in
Anchorage and Vancouver working to sustainably deliver the critical materials needed for
national security and a bright energy future, while generating superior returns for
shareholders.
AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic
Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and
gold. Located in Interior Alaska near existing transportation and power infrastructure, its
flagship project, Nikolai, is well-situated to become a significant domestic source of
strategic energy-related metals for North America. AEMC also holds a secondary project in
western Quebec; the Angliers – Belleterre project. Today, material sourcing demands
excellence in environmental performance, carbon mitigation and the responsible
management of human and financial capital. AEMC works every day to earn and maintain
the respect and confidence of the public and believes that ESG performance is measured
by action and led from the top.
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Diamond Core Drill Program
Completed at Canwell
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Announcement of Marketing
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ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-638-3164
Sarah Mawji, Public Relations
Venture Strategies
Email: [email protected]
Some statements in this news release may contain forward-looking information (within the
meaning of Canadian securities legislation), including receipt of assays from soil samples,
geophysical survey results, ndefinition of drill targets, and future drill testing. 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-
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Diamond Core Drill Program
Completed at Canwell
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Announcement of Marketing
act Extension and Appointments
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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.