Source: American Eagle Gold.
  • 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.


More From The Market Online
The White House.

@ the Bell: TSX recovers; markets assess Biden’s exit

The TSX bumped up in Monday trading after U.S. President Joe Biden’s weekend exit from the 2024 election race.
CrowdStrike headquarters in Silicon Valley, California.

CrowdStrike’s outage shows its scale: Why to buy the dip

CrowdStrike (NASDAQ:CRWD) offers a strong investment case, despite its 23.1 per cent dip after a faulty software update on Friday.