American Eagle Gold Corp (CVE:AE) has outlined its exploration plans for this spring and summer at its flagship Golden Trend property in Nevada ahead of a scout drilling program earmarked for late 3Q or 4Q.
The company's vice-president (VP) of exploration Mark Bradley has developed the strategy and he was responsible for leading the team that made the Goldrush discovery, now owned by Newmont and Barrick, which lies next to the 2,286 acre Golden Trend asset.
A Controlled Source Audio Magnetotellurics (CSAMT) survey has now been completed at Golden Trend, American Eagle told investors, while surface remapping and rock-chip sampling are currently underway. A 2D seismic study is due to start at the end of June and drill targeting will be carried out in June and July this year.
READ: American Eagle completes magnetotelluric survey at its Golden Trend property in Cortez, Nevada
The drill permitting process will begin in August and road construction and drilling, with three holes of around 3,000 feet, is set to begin before the end of the third quarter.
"It is promising to see how well our 2021 exploration program has progressed so far," said American Eagle Gold CEO Anthony Moreau. "Our VP of Exploration, Mark Bradley, helped lead the team that made the Goldrush discovery next door, and we are excited at the prospect of making a similar discovery at Golden Trend. The Cortez Trend is a world-class gold district, and I believe we have just scratched the surface in terms of its potential."
The Golden Trend project lies on the Cortez trend, which hosts there large Carlin-type gold deposits operated by Barrick and Newmont's joint venture Nevada Gold Mines - Pipeline, Cortez Hills and Goldrush.
Also in the statement, the company invited investors to watch a webinar about American Eagle Gold and a Q&A featuring CEO Moreau and the VP of exploration Mark Bradley. To do so, click here.
Contact the author at giles@proactiveinvestors.com