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American Eagle Drills 776 Metres of 0.50% Copper Equivalent from Surface
Highlights: NAK23-08 returned 776 m @ 0.50% copper equivalent ("CuEq") from surface, represent...
About this update from American Eagle Gold Corp
[{"type":"text","content":"American Eagle Drills 776 Metres of 0.50% Copper Equivalent from SurfaceHighlights:NAK23-08 returned 776 m @ 0.50% copper equivalent (\"CuEq\") from surface, representing the best intercept to date This hole was drilled into a large, previously untested area, significantly expanding the mineralized footprint to the west.Mineralization starts from surface, and mineralization was consistent throughout the hole.Follow-up holes NAK23-10 and NAK23-11 have encountered similar or better visual mineralization over similar intervals, further expanding the footprint of mineralization to the previously untested area to the west (see plan view map below; updated drill core images for these holes are also now available).Toronto, Ontario--(Newsfile Corp. - August 9, 2023) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) (\"American Eagle\" or the \"Company\") is pleased to announce that it has intersected 776 metres of 0.50 % copper equivalent in the initial hole of its 2023 drill campaign on its NAK copper-gold porphyry project (\"NAK\" or the \"Project\"). The hole was collared in the NAK \"South Zone\" and drilled to a historically untested area to the west, roughly perpendicular to most of the holes drilled on the Project in 2022, which were drilled along a northerly fence. The results show that the northerly trending mineralized zone outlined in previous geophysical surveys and successfully drill tested in 2022 is broad and extends significantly to the west from surface to depth. The results indicate further that the NAK mineralizing system has considerable scale and potential for substantial growth. Plans, Sections, and Drill Core Images for NAK23-08:Cross-section with Mineralization and Lithology of NAK23-08Plan View Map of NAK23-08Core images from holes NAK23-08 to -11 Video of CEO Anthony Moreau and Neil Prowse Discussing the Significance of NAK23-08\"NAK continues to separate itself from its peers by demonstrating size, an impressive grade profile, consistency of mineralization, and bulk tonnage potential that begins near surface. NAK23-08 is our best intercept to date at NAK. This hole was planned to be shallow, but we've now learned that the near-surface mineralization at the South zone is continuous westward and to depth into completely untested ground. This first hole of 2023 shows that we have only scratched the surface of...