Subscribe
Be the first with the news that moves the market- American Eagle (AE) is now permitted to drill for five years on its NAK Copper-Gold Project in British Columbia
- The company expects to begin its 6,000-metre drill program in early June
- The program intends to follow up on 2022 drilling and expand high-grade zones on the highly prospective property
- American Eagle Gold is focused on exploring its NAK Project in the Babine Copper-Gold Porphyry district of central British Columbia
- American Eagle Gold (AE) last traded at $0.155 per share
American Eagle (AE) is now permitted to drill for five years on its NAK Copper-Gold Project in British Columbia.
The permit’s provisional expiry date is March 31, 2028.
The company expects to begin its fully funded 6,000-metre drill program in early June. The program’s main focuses include:
- Following up the 2022 drill program via east-west step-out drilling and delineating the true size of the property’s potential deposit
- Expanding and better defining the orientation and distribution of higher-grade zones of dyke-hosted bornite mineralization
- Expanding the known footprint of the high-grade at-surface south gold zone
- Investigating the highly prospective southern margin of the main Babine stock porphyry
“Our 2022 program was a great success in demonstrating the enormous potential at NAK. Now with a fully funded 2023 and a five-year drill permit, we have flexibility, greater knowledge of the geology, and the right partners and team to select drill locations that enable a program that truly delineates NAK’s size and grade,” said Anthony Moreau, CEO of American Eagle Gold.
Historical drilling on NAK defined a large surface copper and gold footprint measuring 1500 x 1500 m open in all directions. American Eagle’s 2022 drill program tested mineralization below historical drilling and discovered broad intercepts of bornite-bearing copper-gold porphyry mineralization. The program also noted that near-surface mineralization potential was significantly larger than historically defined.
American Eagle Gold is focused on exploring its NAK Project in the Babine Copper-Gold Porphyry district of central British Columbia.
American Eagle Gold (AE) last traded at $0.155 per share.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
