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American Eagle Gold: Unveiling High-Grade Copper Equivalent Intercepts at NAK

Wesley ParkWednesday, Dec 18, 2024 7:19 am ET
3min read


American Eagle Gold Corp. ("American Eagle") has recently delivered a series of impressive drill results from its NAK Copper Gold porphyry project in British Columbia, Canada. The company's drill program has intersected significant mineralization, including 302 meters of 1.09% copper equivalent within 606 meters of 0.74% copper equivalent in hole NAK23-17. This result extends high-grade mineralization westward and confirms the presence of a large, high-grade, mineralized South Zone. With these promising results, American Eagle has demonstrated the potential for further expansion of the mineralized zones at NAK, supporting the company's strategy of delivering consistent growth without volatility.

The NAK project hosts an indicated resource of 1.1 billion pounds of copper and 1.3 million ounces of gold, with an inferred resource of 0.5 billion pounds of copper and 0.6 million ounces of gold. These new intercepts are expected to increase the resource estimate, further solidifying NAK's position as a world-class copper-gold project.

American Eagle's drill program has intersected significant mineralization, including 302 meters of 1.09% copper equivalent within 606 meters of 0.74% copper equivalent in hole NAK23-17. This result extends high-grade mineralization westward and confirms the presence of a large, high-grade, mineralized South Zone. With these promising results, American Eagle has demonstrated the potential for further expansion of the mineralized zones at NAK, supporting the company's strategy of delivering consistent growth without volatility.

The NAK project hosts an indicated resource of 1.1 billion pounds of copper and 1.3 million ounces of gold, with an inferred resource of 0.5 billion pounds of copper and 0.6 million ounces of gold. These new intercepts are expected to increase the resource estimate, further solidifying NAK's position as a world-class copper-gold project.

American Eagle plans to prioritize expanding the large, high-grade South Zone and testing linkages between it and other higher-grade parts of the extensive NAK system. The Company's treasury stands at $37 million, providing resources to explore the property's full extent. As the Company continues to deliver standout results, it is unlocking the NAK project's full potential, showcasing impressive grade, scale, and near-surface mineralization.


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