Mineralization Extended Along Strike At The Nikolai Nickel Project

VANCOUVER - Alaska Energy Metals Corporation (AEMC) reported on drill holes EZ-23-003 & EZ-23-005. The holes were drilled as part of the Company’s 2023 exploration program at its Nikolai Nickel Project in Central Alaska. Eight diamond drill holes were drilled during the campaign, with results from four holes now received and results from four holes pending. These new results demonstrate the Eureka Zone continues to remain consistent and homogeneous, as indicated by historical drilling on the property. EZ-23-003 was drilled ~250m southeast of EZ-23-001 and historical drill hole PNI-10-036 to test mineralization continuity along strike to the southeast. EZ-23-005 was drilled ~300m northwest of EZ-23-001 and PNI-10-036 to test mineralization continuity along strike to the northwest. The results from these holes have confirmed mineralization continuity along a 600m strike length, with the mineralization remaining open in all directions.

President & CEO Gregory Beischer, said, “The Eureka Zone of the Nikolai project in central Alaska is proving to be every bit as persistent, consistent, and homogeneous as indicated by the historical drilling on the property. With our grid-pattern drilling at 300-meter centers, we are quickly blocking out a large tonnage of rock mineralized with nickel and other related metals. The current grid-drilled strike extent is approximately 600 meters, with an estimated true width of around 300 meters. Once we receive assay results from the remaining four holes of the 2023 program our intention is to publish an Inferred Resource calculation.”