08:52 AM EST, 12/03/2024 (MT Newswires) -- Alaska Energy Metals ( AKEMF ) on Tuesday said it has received assay results from two of four drill holes completed during the 2024 Eureka resource expansion drill program at the Nikolai project in Alaska. Assay results confirm the continuation of the higher-grade core zone about 600 meters to the southeast, the company said.

Core zone estimated true thickness intersections include 67.3 meters at 0.39% nickel equivalent and 72.5 meters at 0.39% nickel equivalent.

"With results from the remaining two drill holes anticipated soon, we can begin calculating an updated Mineral Resource Estimate. For the first time, coarse-grained magmatic sulfides were intersected and are being considered as an additional future exploration target," said Chief Geologist Gabe Graf.