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American Eagle Gold Corp V.AE

Alternate Symbol(s):  AMEGF

American Eagle Gold Corp. is a Canada-based company, which is focused on exploring its NAK copper-gold porphyry project in west-central British Columbia, Canada. Its NAK property is located in the Babine Copper-Gold Porphyry district in central British Columbia. The property is also close to the past-producing Bell and Granisle open pit Cu-Au mines. The NAK property has logistical advantages and can be accessed via well-maintained forest production roads from Topley Landing. The NAK copper-gold porphyry deposit occurs in the Stikine Island Arc Terrane, which hosts many copper porphyry deposits in British Columbia. In addition, NAK is associated with Babine Intrusive Suite, which is Eocene age and locally hosts the Bell, Granisle, Morrison, Hearne Hill and Dorothy/Duke copper-gold deposits. The NAK Project is easily accessible from the mining Town of Smithers, located 80 kilometers (km) to the SW, and connected via highway and rail to BC ports.


TSXV:AE - Post by User

Comment by jsnfernleyon Mar 02, 2023 5:57pm
127 Views
Post# 35316265

RE:Wow, that is a huge move downwards.............

RE:Wow, that is a huge move downwards.............I don't comment much on SH anymore. but I'm glad I sold this in the low C$.20's.  And wish I had sold in the low C$.30's.

I ran some tonnage numbers, not 43-101 compliant, of course.  Came up with about 280m#'s CuEq at .50% CuEQ that I assume would be recovered at about 80% comparable to other deposits.  This being a near surface open pit 80 meters deep based off of the holes and data given to us, after stripping from 20 to 30 meters of overburden.

Too small, not enough high grade near surface, to much open space between holes.
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