American Eagle Gold Corp (TSX-V:AE) said it has entered into an exploration agreement with Lake Babine First Nation in central British Columbia, establishing commitments for a respectful relationship to explore in the NAK Copper-Gold district.
The company said its NAK Copper-Gold Project, located 80 kilometres northeast of Smithers, lies within Lake Babine traditional territory and that the agreement defines how a respectful and productive engagement between the parties should proceed, as well as an approach for cooperative planning and pursuing mutual benefit.
"American Eagle values the relationship it has built with Lake Babine, and is respectful of the Nation's culture, deep-rooted traditions and aspirations for sustainable economic growth and prosperity," said Anthony Moreau, American Eagle Gold CEO in a statement.
READ: American Eagle Gold receives drill permit for its NAK Copper-Gold Project, says 4,000-metre diamond drilling program expected to commence
The NAK project is permitted to drill, with a planned 4,000-metre diamond drilling program expected to commence in the coming days. NAK is a classic porphyry target that exhibits all the signs of a large copper-gold system and the known copper-gold porphyry mineralization at NAK is open at depth and is defined by a compelling geophysical signature analogous to Newcrest's Red Chris Mine and Newmont's Saddle deposit located in Northwest British Columbia
American Eagle Gold is focused on exploring its NAK project and the company is fully funded for NAK's 2022 exploration program. It has contracted C.J. Greig and Associates to advise and execute the exploration program at NAK. Geologist and president of C.J Greig & Associates, Charlie Greig, is a recipient of the prestigious 2022 Bill Dennis Award, recognizing his contribution to the prospecting and exploration industry or a significant mineral discovery.
Contact the author at jon.hopkins@proactiveinvestors.com