American Eagle Gold (TSXV: AE) has released its exploration plans for 2024, highlighted by a large 15,000 metre drill program that is set to take place at its NAK copper-gold porphyry project in British Columbia.
The program, which is fully funded, is expected to “more than double” the meterage that has been drilled by American Eagle at the NAK property to date. The program is geared towards expanding and linking the high grade north and south mineralized zones, expand near-surface potential, and extend the gold-rich quartz chalcopyrite vein stockwork mineralization that is found on the eastern margins of the south zone.
Also planned for the 2024 season is an induced polarization ground geophysical survey that will be used to define drill targets. The survey will consist of a nine-line program. The best drill hole to date for the company, NAK23-17, reportedly used IP data for targeting, and intersected 302.1 metres of 0.53 g/t gold, 0.40% copper, 1.27 g/t silver and 431.4 ppm molybdenum within 771 metres of 0.28 g/t gold, 0.25% copper, 0.96 g/t silver, and 207 ppm molybdenum.
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READ: American Eagle Hits 0.40% Copper Over 302 Metres
The 15,000 metre drill program is slated to begin in May, while the induced polarization survey is set to begin in approximately three weeks time.
American Eagle Gold Corp last traded at $0.285 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
