Business
American Eagle Discovers New Zone at NAK; Drills 117 Metres of 0.40% Copper Equivalent from Surface in Hole NAK23-09
Highlights: NAK23-09 intersected 117 metres of 0.40% copper equivalent ("CuEq") from surface i...
About this update from American Eagle Gold Corp
[{"type":"text","content":"American Eagle Discovers New Zone at NAK; Drills 117 Metres of 0.40% Copper Equivalent from Surface in Hole NAK23-09Highlights:NAK23-09 intersected 117 metres of 0.40% copper equivalent (\"CuEq\") from surface in an untested area collared 650 metres to the east of American Eagle's main drilling area at NAK.This hole discovered a broad new area for exploration 500 m from any previous drilling.Strong Au-Mo results from surface coupled with highly anomalous Cu to a depth of 654 m suggest the hole was drilled proximal to higher-grade mineralization. Assay results for holes NAK23-10 and NAK23-11, into NAK's main area of interest, will be completed shortly.Watch Video of CEO Anthony Moreau and Chairman Stephen Stewart Discussing NAK23-09Cannot view this video? Visit:https://www.youtube.com/watch?v=oq_9XYsupIkToronto, Ontario--(Newsfile Corp. - September 14, 2023) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) (\"American Eagle\" or the \"Company\") is pleased to announce the discovery of a new area of interest at its NAK copper-gold porphyry project. Drill hole NAK23-09 intersected a new mineralized zone approximately 650 metres east of the collars of NAK22-01 and NAK23-08 along the southern margin of the main Babine porphyry stock, yielding a significant intercept from surface of 117 metres of 0.40% CuEq within 434 metres of 0.25% CuEq.This new zone significantly increases the exploration potential at the property. It confirms that the mineralized system at NAK extends at least 650 metres east, with the boundaries still open in all directions and at depth. \"This was a high-risk, large step-out hole into an area with no nearby drilling. At our exploration partner Teck's encouragement, we planned this hole nearly 700 metres from our area of prime exploration focus. This hole was targeted based on historical geophysical and geochemical work, although, as with any wide step-out drilling, there was no guarantee of encountering significant mineralization. However, given the very respectable grade from surface, we're very pleased with the results. Most interestingly, this hole appears to have drilled the outskirts of the mineralized zone in this area. It is still early days for exploration at NAK, and we continue to learn about the system, but it's clear that the scale is vast. The knowledge gained with each hole will allow us to ze...