American Eagle Gold (TSXV: AE; OTCQB: AMEGF) says it has drilled 102 metres that returned 1.04% copper equivalent at its NAK copper-gold claims northeast of Smithers, B.C. The porphyry property is in the Babine district where past-producers such as Bell and Granisle are located. The property was acquired by American Eagle in 2021.
The company mounted successful drilling programs last year and again this year. The latest assays are of particular significance for their high copper equivalent grades and near-surface locations:
- Hole NAK23-11 returned 473 metres grading 0.22% copper, 0.37 g/t gold, 1.05 g/t silver, and 165 ppm molybdenum (0.62% copper equivalent). The hole included 213 metres of 0.33% copper, 0.59 g/t gold, 1.5 g/t silver, and 192 ppm molybdenum (0.91% copper equivalent) and a second section of 102 metres at 0.39% copper, 0.67 g/t gold, 1.8 g/t silver, and 205 ppm molybdenum (1.04% copper equivalent).
- Hole NAK23-10 returned 830 metres grading 0.17% copper, 0.17 g/t gold, 0.65 g/t silver, and 83 ppm molybdenum (0.36% copper equivalent). Additional intersections within this hole included 379 metres at 0.23% copper, 0.41 g/t gold, 0.76 g/t silver, and 125 ppm molybdenum (0.43% copper equivalent) and 85 metres at 0.25% copper, 0.53 g/t gold, 1.07 g/t silver, and 51 ppm molybdenum (0.69% copper equivalent).
American Eagle says that previous drilling at NAK, beginning as early as 1964, revealed the copper-gold system over more than 1.5 x 1.5 km at shallow depths, averaging 170 metres. Drilling since 2022 explored deeper and discovered what the company believes is significant mineralization along a northerly trend. The property is accessible by road and can be drilled year-round.
A presentation detailing the NAK project is posted on www.AmericanEagleGold.ca.
