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American Eagle Receives 5-Year Drill Permit for NAK Copper-Gold Project, Expects to Begin Drilling Soon
Toronto, Ontario--(Newsfile Corp. - May 10, 2023) - American Eagle Gold Corp. (TSXV: AE) (" Ameri...
About this update from American Eagle Gold Corp
[{"type":"text","content":"American Eagle Receives 5-Year Drill Permit for NAK Copper-Gold Project, Expects to Begin Drilling SoonToronto, Ontario--(Newsfile Corp. - May 10, 2023) - American Eagle Gold Corp. (TSXV: AE) (\"American Eagle\" or the \"Company\") is pleased to announce that it has received its drill permit for the NAK Copper-Gold Project (\"NAK\") in north-central British Columbia, Canada. The permit will be in effect for five (5) years with a provisional expiry date of March 31, 2028. NAK's 2023 6,000-metre drill program is expected to commence in the coming weeks.About NAK's Drill ProgramOn May 8, American Eagle made an exciting announcement (click here for news release) regarding a strategic financing initiative. The funds acquired through this financing will be dedicated to supporting American Eagle's upcoming 2023 drill program. The main focus of this year's drill program will revolve around achieving the following primary objectives:Follow up the 2022 drill program via east-west step-out drilling and begin to delineate the true size of this potential depositExpand and better define the orientation and distribution of the higher-grade zones of dyke-hosted bornite mineralizationExpand the known footprint of the high-grade at-surface south gold zone Step out and investigate the highly prospective southern margin of the main Babine stock porphyryView 2023 Drill Targets View NAK Technical Webinar\"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.About the Previous DrillingHistorical drilling defined a large surface copper and gold footprint measuring 1500 x 1500m open in all directions. However, historical drilling had been restricted to the upper parts of the mineralized alteration zone, testing to an average vertical depth of only 170m. American Eagle's 2022 drill program tested mineralization below the historical shallow drilling and discovered broad intercepts of bornite-bearing copper-gold porphyry mineralization. 2023's objective is to continue advancing the NAK property by expanding its known mineralized footprint and...