Business
American Eagle Gold Planning 2024 NAK Property Exploration Program
Highlights: A fully funded 15,000-metre drill program will commence in May. An Induced Polari...
About this update from American Eagle Gold Corp
[{"type":"text","content":"American Eagle Gold Planning 2024 NAK Property Exploration ProgramHighlights:A fully funded 15,000-metre drill program will commence in May.An Induced Polarization ground geophysical survey will begin in approximately three weeks that will aid in defining drill targets.Initial targets will focus on expanding and outlining near-surface potential and linking higher grade zones in the south to those in the north (see details below).Toronto, Ontario--(Newsfile Corp. - March 15, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) (\"American Eagle\" or the \"Company\") is pleased to announce that in May, it will begin a 15,000-metre drill program at its NAK copper-gold porphyry project, located in west-central British Columbia, Canada. The drill program is fully funded and will more than double the meterage the Company drilled on the NAK project to date.Some Aims of the 2024 NAK Drill Program:Further define, expand, and link the high-grade North and South mineralized zones (north: 530m @ 0.61% Copper Equivalent (\"CuEq\") in drillhole NAK23-12; south: 302.1m @ 1.09% CuEq in drillhole NAK23-17 (see News Release here and Table 1 below)Expand and outline near-surface potential, such as immediately west of the shallow high-grade encountered in NAK23-17, and similarly high-grade mineralization in historically untested or little-tested parts of the historical North zone, in the vicinity of the collars of NAK23-04, -07 and -12.Extend the near-surface high-grade and gold-rich quartz chalcopyrite vein stockwork style mineralization along the eastern margin of the South Zone, including to depth and eastward, toward drill hole NAK23-09 (117.4m @ 0.4% CuEq from surface).NAK's 2024 Drill Program Area of InterestTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9283/201841_2024_drilling_aoi_nak.jpgInduced Polarization Survey The Company also plans to undergo a nine-line Induced Polarization (IP) survey to assist with drill targeting this April. IP surveying has proven to be effective at targeting at NAK, and American Eagle's best drillhole to date, NAK 23-17, which was the Company's final hole of the 2023 season, was largely targeted using an IP survey run immediately prior to drilling that hole. In addition, the data from the 2023 IP survey has since been modelled, in concert with histori...