American Eagle Gold Corp. (TSXV:AE) has received its drill permit for its NAK Copper-Gold Project (NAK) in north-central British Columbia, Canada. The planned 4,000 m diamond drilling programme is expected to commence in the coming days.
About NAK’s Drill Programme
NAK is a classic porphyry target that exhibits all the signs of a large copper-gold system. Previous owners defined a large shallow copper-gold footprint that is open at depth. Reinterpretation of historical ZTEM and geophysics defined several deeper exploration targets, which will be tested with five to six drill holes.
American Eagle’s exploration programme will test the most compelling geophysical anomalies at depth and its drill plan is designed to vertically intersect the core of these new geophysical targets, which are situated directly below the shallow low-grade resource.
Previous drilling has intersected wide zones of copper-gold mineralisation, including DH95-15, which returned a grade of 0.35% Cu and 0.645g/t Au over a width of 168.5 metres starting 5.5 metres from the surface.
The Company believes the key to advancing the NAK project will be to discover and delineate additional mineralisation that extends beyond the historical shallow drilling.
About the Previous Drilling and its defined Historical Resource
Historical drilling defined a large surface copper and gold footprint measuring 2500 x 1500m open in all directions. However, historical drilling had been restricted to the upper parts of the mineralised alteration zone, testing to an average vertical depth of only 170m. American Eagle’s current drill programme will test mineralisation below the historical shallow drilling.
NAK exhibits a strong magnetic signature with close geological and geophysical similarities to Newcrest’s Red Chris and Newmont’s Saddle copper-gold deposits located northwest of the property.
The NAK project is in the Babine Copper-Gold Porphyry District. All previous historical data has indicated excellent potential exists below the current limits of the known shallow copper-gold mineralisation.
For further information please visit: https://americaneaglegold.ca/
