American Eagle Gold Corp V.AE

AE UPDATES & CHARLIE GREIG INTERNVIEW

[Humanist]

American Eagle Completes NAK Drill Program, Updates on Copper-Gold Porphyry Discovery with Charlie Greig Interview
  by @newswire on 19 Dec 2022, 06:00
 
Highlights:

• Hole NAK22-01 returned 135 metres of 1.00% CuEq from surface within 851 metres of 0.37% CuEq (see Table 1 below) 
• Hole NAK22-02 returned 301 metres of 0.61% CuEq from surface within 956 metres of 0.37% CuEq (see Table 2 below)
• Mineralized footprint over 1.5km x 1.5km at surface; extends 1km to depth
• All seven drill holes display mineralization throughout and end in mineralization; mineralization remains open in all directions
• Assays for holes NAK22-03 and NAK22-04 are expected before the year-end, and results for holes 05 to 07 will be available in the New Year

TORONTO, Dec. 19, 2022 /CNW/ - American Eagle Gold Corp. (TSXV: AE) ("American Eagle" or the "Company") has completed its 2022 drill program at the NAK Project ("NAK") in west-central British Columbia. Results from the first two core holes were released on  November 7 and December 5, respectively. They confirmed that the broad NAK porphyry copper-gold system, previously drilled closer to surface, extends to depths close to 1 km.

As part of its ongoing work, American Eagle is pleased to present an interview with Charlie Greig, who advises American Eagle and whose consulting firm provides day-to-day technical support to the Company. Charlie was the recipient of PDAC's 2022 Bill Dennis Award. The interview discusses aspects of the early success of the present NAK program, the Project's "blue-sky" potential, and the proposed 2023 drill plan.

Click Here to View Discussion with NAK's Geologist, Charlie Greig
Update on NAK Holes NAK22-03 to -07
American Eagle expects to receive assay results for NAK22-03 and NAK22-04 before the year-end and results for holes 05 to 07 in the New Year.  Please see the link below for updated and detailed images of core from NAK's 2022 drill program.

Click here for detailed core images from holes NAK22-01 to -07
With drilling for 2022 now complete, the Company's focus is now on interpreting and modelling the drill results to design the 2023 exploration program. 
NAK22-01 Assay Results: Table 1

From (m)	To (m)	Length (m)	Au (g/t)	Cu (%)	Ag (g/t)	Mo (ppm)	Cu Eq %
29.72	881	851.28	0.22	0.17 %	0.97	73.92	0.37 %
Within
29.72	165	135.28	0.96	0.27 %	1.41	47.44	1.00 %
Within
29.72	251	221.28	0.65	0.21 %	1.01	77.8	0.72 %
Within
29.72	331.52	301.8	0.49	0.18 %	0.79	60.28	0.57 %
And Including
753.37	818	64.63	0.15	0.58 %	6.78	86.91	0.79 %

NAK22-02 Assay Results: Table 2

From (m)	To (m)	Length (m)	Au (g/t)	Cu (%)	Ag (g/t)	Mo (ppm)	Cu Eq %
28	984	956	0.19	0.20 %	1.3	37.7	0.37 %
Including
35	67.9	32.9	0.79	0.36 %	2.85	80.5	1.00 %
Within
28	251.8	223.8	0.57	0.22 %	1.27	44.7	0.67 %
Within
28	329	301	0.5	0.22 %	1.13	45.1	0.61 %
Within
28	614	586	0.28	0.17 %	0.89	30.8	0.40 %
And Including
834	984	150	0.11	0.44 %	3.72	82.2	0.60 %
*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 22] / [Cu price x 2200]). The assays have not been capped.

Click here for a long section of NAK's Two Drill Hole Intersections
About American Eagle's NAK Project