American Eagle Gold Corp (TSX-V:AE) said it has completed its 2022 drill program at the NAK Project in west-central British Columbia.
Results from the first two core holes were released on November 7 and December 5, respectively. They confirmed that the broad NAK porphyry copper-gold system, previously drilled closer to surface, extends to depths close to 1 kilometre (km).
American Eagle said it expects to receive assay results for NAK22-03 and NAK22-04 before the year-end and results for holes 05 to 07 in the New Year.
With drilling for 2022 now complete, the company's focus is on interpreting and modelling the drill results to design the 2023 exploration program.
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As part of its ongoing work, the company said it has also posted an interview with Charlie Greig, who advises American Eagle and whose consulting firm provides it with day-to-day technical support. Greig was the recipient of PDAC's 2022 Bill Dennis Award.
The interview, which discusses aspects of the early success of the present NAK program, the Project's 'blue-sky' potential, and the proposed 2023 drill plan can be viewed via the following link: https://www.youtube.com/watch?v=ku1Atsi4T0M
NAK is a classic porphyry copper-gold mineralized target that exhibits many signs of a robust and large-scale system. Historical shallow drilling programs defined a near-surface copper-gold system with a footprint greater than 1.5 km times 1.5 km. It remains open and largely untested at depth.
The NAK property is road accessible, and many target areas coincide with forest industry clear cuts. Drilling can be completed year-round, and no helicopter support is required.
The property is 85 km from Smithers in the Babine copper-gold porphyry district of west-central British Columbia. It lies close to nearby Babine district past-producing mines (Bell, Granisle), in proximity to excellent infrastructure. NAK's highly encouraging initial results make it a prime candidate for further exploration. The company's main objective is to advance this newly revitalized mineralizing system into a major discovery.
Contact the author at jon.hopkins@proactiveinvestors.com