- American Eagle Gold (AE) is releasing early assay results from its NAK Copper-Gold Porphyry Project
- The company intersected 956 metres of 0.37 percent copper equivalent in the second hole of its most-recent drill program on the property
- The multi-metal project is located in the Babine copper-gold porphyry district of west-central British Columbia
- All seven holes drilled on NAK intersected broad porphyry-style mineralization intervals from surface to end-of-hole
- American Eagle Gold is down 16.33 percent, trading at $0.20 at 12:02 pm EST
American Eagle Gold (AE) is releasing early assay results from its NAK Copper-Gold Porphyry Project.
The multi-metal project is located in the Babine copper-gold porphyry district of west-central British Columbia.
The Toronto-based mineral exploration company intersected 956 metres of 0.37 percent copper equivalent in the second hole of its most-recent drill program on the property.
All seven holes drilled on NAK intersected broad porphyry-style mineralization intervals from surface to end-of-hole. Assays for the final five holes are pending.
The second drill hole returned strong copper-gold grades from surface to 300 metres, along with a higher grade copper zone at depth.
“Hole NAK22-02’s results add additional confidence to NAK’s maiden discovery drill hole, showing mineralization through the entire length of the hole and extending the known system laterally and at depth. The distribution of mineralization in NAK22-02 relative to that in NAK22-01 also improves our understanding of the geometry and size potential of our higher-grade zones, both near surface and at depth. The assays also validate our visual interpretations of the tenor of mineralization and correlate well with our on-site XRF results. We anticipate being able to deliver additional great results from this ongoing drill program,” said American Eagle CEO Anthony Moreau.
The current drill program on NAK was designed to test geophysical targets that were completely untested at depth based on new interpretations from recent ZTEM, IP, and airborne magnetic surveys.
American Eagle Gold is down 16.33 percent, trading at $0.20 at 12:02 pm EST.
