Alaska Energy Metals Announces Drilling Program at the Nikolai Project, Canwell Prospects, Alaska, and Marketing Contract Extensions

VANCOUVER, British Columbia, July 16, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals” or the “Company”) is pleased to announce that it has begun a drilling program to test compelling geological – geophysical – geochemical targets at the Canwell block of claims that form part of its Nikolai Nickel Project in Alaska. The drilling program includes plans for three holes for a total of 1,200 meters. The Canwell prospects are located near the Company’s Nikolai project Eureka deposit which represents a large accumulation of nickel with copper, cobalt, chrome, iron, platinum, palladium and gold. Additionally, the Company plans to initiate bench-scale metallurgical testing on the EZ2 mineralization at its Eureka Deposit. Initial testing work will include bond ball mill grindability, flotation (mill calibration, rougher, cleaner, Cu/Ni separation, locked cycle) and magnetic separation (Davis Tube and LIMS) testing. Detailed mineralogical work was recently completed and will inform the metallurgical work.

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