American Eagle Gold (TSXV:AE) has reported new assay results from its NAK copper-gold porphyry project of significant high-grade surface and depth zones. The results come from the third and fourth holes from the 2022 drill program at the project.
Anthony Moreau, American Eagle’s CEO, commented in a press release: “This fourth drill hole is our best intercept to date and encountered a new higher-grade copper-rich zone 500 metres from our discovery hole. Hole NAK22- 04 ended within a wide high-grade zone but was unfortunately terminated early for technical reasons; however, holes NAK22-06 and – 07 successfully intersected the continuation of the same zone at depth and hit similar mineralization. We anticipate that the pending assays from those two holes will show similar results. Our step-out drilling continues to demonstrate a substantial footprint for this system.”
Highlights from the results are as follows:
Highlights of NAK’s 2022 Drill Program:
NAK22-04 Assay Results: Table 1
From (m) | To (m) | Length (m) | Au (g/t) | Cu (%) | Ag (g/t) | Mo (ppm) | Cu Eq % |
20.28 | 548 | 527.72 | 0.11 | 0.32% | 1.55 | 63 | 0.45% |
Including | |||||||
20.28 | 166.59 | 146.31 | 0.07 | 0.44 | 1.4 | 27 | 0.51% |
And Including | |||||||
439.2 | 528.0 | 88.8 | 0.27 | 0.69% | 4.5 | 98 | 0.98% |
Within | |||||||
363.0 | 548.0 | 185.0 | 0.23 | 0.49% | 2.8 | 91 | 0.74% |
*Copper Equivalent (CuEq) % calculated using copper and gold length weighted assay results, with commodity prices assumed at Cu = 3.50 USD/lb, Au = 1700 USD/oz, Ag = 20 USD/oz, and Mo = 21 USD/lb. CuEq grade, including copper, gold, silver, and molybdenum based on 100% recoveries, is calculated using the following equation: CuEq. = Cu % + (Au grade in g/t x [Au price ÷ 31] / [Cu price x 2200]) + (Ag grade in g/t x [Ag price ÷ 31] / [Cu price x 2200] + (Mo grade in % x [Mo price x 2200] / [Cu price x 2200]). The assays have not been capped.
NAK22-03 Assay Results: Table 2
From (m) | To (m) | Length (m) | Au (g/t) | Cu (%) | Ag (g/t) | Mo (ppm) | Cu Eq % |
35 | 941 | 906 | 0.06 | 0.14% | 0.87 | 38 | 0.21% |
Including | |||||||
296 | 941 | 645 | 0.07 | 0.17% | 1.1 | 32 | 0.24% |
Within | |||||||
296 | 433.77 | 137.77 | 0.11 | 0.20% | 0.84 | 36 | 0.30% |
And Including | |||||||
502.67 | 672 | 169.33 | 0.10 | 0.20% | 1.2 | 38 | 0.30% |
Within | |||||||
502.67 | 941 | 438.33 | 0.06 | 0.17% | 1.3 | 33 | 0.24% |
Collar details for holes drilled in the 2022 drill program: Table 3
Hole | UTM_Grid | UTM_East | UTM_North | Azimuth | Dip |
NAK22-01 | NAD83_Z9 | 675281 | 6129359 | n/a | -90 |
NAK22-02 | NAD83_Z9 | 675281 | 6129359 | 340 | -70 |
NAK22-03 | NAD83_Z9 | 675201 | 6129658 | n/a | -90 |
NAK22-04 | NAD83_Z9 | 675181 | 6129862 | n/a | -90 |
NAK22-05 | NAD83_Z9 | 675105 | 6130067 | n/a | -90 |
NAK22-06 | NAD83_Z9 | 675376 | 6129782 | 260 | -77 |
NAK22-07 | NAD83_Z9 | 675181 | 6129862 | 170 | -81 |
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