American Eagle Gold (TSXV: AE) is preparing to for drills to start turning next week at its NAK copper-gold porphyry project, kicking off what the company is billing as its most ambitious exploration campaign to date.
Drilling is scheduled to begin May 14 with three rigs turning, and ground crews are already on site readying access trails and drill pads. Additional rigs are on standby and could be brought in as conditions allow.
The Phase 1 program will consist of roughly 23,000 metres across 32 holes, which is less than half of what is on the books for the broader 2026-2027 season, which is targeting more than 50,000 metres in total.
The bulk of the early work is geared toward expansion. Crews will run systematic step-out drilling around the perimeter of the Babine porphyry stock, the structural backbone of the property, with the aim of stretching the footprint of known mineralization. A handful of holes will also probe higher grade pockets in the South Zone and within the central core of the stock itself.
Phase 2 picks up in September and runs through March 2027, layering in roughly 30,000 additional metres of infill and expansion work. Winter drilling is being utilizes as a means to access areas that are boggy during summer. American Eagle has framed Phase 2 as the foundation for an initial mineral resource estimate, designed to capture the full extent of the NAK system.
American Eagle Gold last traded at $1.11 on the TSX Venture.
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