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Orecap Portfolio Company American Eagle Drills 776 Meters at 0.5% Copper Equivalent on its NAK Project
Highlights: NAK23-08 returned 776 m @ 0.50% copper equivalent ("CuEq") from surface, represent...
About this update from Orecap Invest Corp
[{"type":"text","content":"Orecap Portfolio Company American Eagle Drills 776 Meters at 0.5% Copper Equivalent on its NAK ProjectHighlights: 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.Toronto, Ontario--(Newsfile Corp. - August 10, 2023) - Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) (the \"Company\" or \"Orecap\") is pleased to provide an update on American Eagle Gold's (TSXV: AE) (OTCQB: AMEGF) NAK Project. Orecap owns over 5 million shares of American Eagle and 20% of the NAK Project.Plans, Sections, and Drill Core Images for American Eagle's NAK23-08:Cross-section with Mineralization and Lithology of NAK23-08Plan View Map of NAK23-08Core images from holes NAK23-08 to -11Video on the Significance of NAK23-08American Eagle's NAK23-08 highlighted above represents the first assays of the American Eagle Gold Phase two drill program on the NAK copper-gold Porphyry project (the \"Project\" or \"NAK\") near Smithers, British Columbia. NAK23-08 was the first hole of a targeted 7,000-metre drill program for the 2023 season. \"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 the potential at NAK. Additionally, mineralization on our pending holes looks consistent with what we see in this hole, and we look forward to publishing further results,\" said Anthony Moreau, American Eagle's CEO. NAK23-08 Assay Results: Table 1HoleFrom (m)To (m)Length (m)Au g/tCu %Ag g/tMo ppmCu Eq % *NAK23-0826.1881854.90.250.21.12920.46IncludingNAK23-0826.1802775.90.270.221.1999.80.50NAK23-0826.1509482.90.370.191.3383.520.53NAK23-0826.1263236.90.50.19261.20.62NAK23-0826.1170143.90.580.273.0240.950.75And IncludingNAK23-08641701060.730.252.2842.330.84And IncludingNAK23-08344802...