Announcement Date: 2022-11-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: American Eagle Gold Corp.
Project name: NAK
Location: Canada
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 851.28m at 0.22g/t Au, 0.17% Cu, 0.97g/t Ag from 29.72m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, Nov. 7, 2022 /CNW/ – American Eagle Gold Corp. (TSXV: AE) (“American Eagle” or the “Company”) is pleased to report assay results from NAK22-01, the first hole of its 2022 program on its NAK copper-porphyry project (“NAK”). All five holes drilled on NAK have intersected broad intervals of porphyry-style mineralization from surface to end-of-hole, the longest of which was 984 m. NAK is a classic porphyry copper-gold target whose current 5,000 m drill program tests the potential for a mineralized footprint greater than 1.5 km x 1.5 km. All five holes drilled to-date hit broad mineralization from surface to a maximum depth of 984 m downhole. Assay results for NAK22-02 to -05 are pending. Assay results from hole 1 confirm and expand upon NAK’s historically discovered copper-gold South Zone, which typically shows strong gold and copper results beginning at the bedrock surface. Mineralization is best developed in Hole 01 between 29.30 m (depth to the bedrock beneath glacial overburden) to 155.50 m (125.78 m of 1.02 % CuEq). It remains strong until a depth of 251.00 m (221.28 m @ 0.68 CuEq) within host intermediate
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