American Eagle Gold Corp. (TSXV: AE | OTCQB: AMEGF) has announced promising copper results west of the South Zone at its NAK Copper Gold porphyry project in British Columbia, Canada.
Highlights included hole NAK23-17 which intersected 302m of 1.09% Cu Eq within 606m of 0.74% Cu Eq beginning at 98m downhole and hole NAK23-17 collared 250m west of NAK23-11 (473m of 0.62% Cu Eq, beginning at surface), extending high-grade mineralization westward.
Hole NAK23-17 was collared more than 250m from any previous drill hole on the property, the nearest being hole NAK23-11, which intersected 473m of 0.62% Cu Eq from surface.
The high-grade intercept in NAK23-17 has served to confirm and improve upon the scale and tenor of high-grade mineralization discovered west of the historically defined South Zone, by showing continuity between the higher-grade mineralization in hole NAK23-11 and that in holes NAK23-08 and NAK22-01.
“The more we drill, the better NAK gets, as shown by the bold, westerly step out with NAK23-17. This risk paid off, revealing what may be a high-grade mineralized belt that remains open to the north and the south, and proving that the high-grade mineralization encountered previously in NAK23-11 is extensive in both the vertical and east-west dimensions,” commented CEO Anthony Moreau.
“Intersecting 302m of 1.09% Cu Eq grade in our final 2023 drill hole suggests that our evolving understanding of NAK’s geology has been efficient and successful. We look forward to our 2024 drill campaign.”
For the fully funded 2024 drill programme, the company intends to test and expand this area of higher-grade mineralization, identify where it reaches the surface, and to determine how much farther it extends to the south, west, and north, including possible connections to deeper, higher-grade mineralization at the North Zone, such as that intersected in drill holes NAK22-04 and NAK23-12.
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