- Fully funded 30,000-metre drilling program backed by major mining companies South32 and Teck Resources.
- New magnetic survey identified additional mineralized trends and high-priority drill targets.
- Strategic investments from established mining companies validate project potential.
American Eagle Gold Corp. (AMEGF, Financial) has completed an airborne magnetic survey at its 100%-owned NAK copper-gold porphyry project in British Columbia. The survey has unveiled new mineralized trends and refined drill targets, aligning with strongly-mineralized chalcopyrite and bornite-bearing porphyry dikes. This development is a significant step in advancing the company's understanding of the mineralized system in British Columbia's Babine Porphyry belt.
The company is set to initiate a fully-funded 30,000-metre drilling program on May 25th, 2025. This ambitious campaign is supported by strategic investments from South32 and Teck Resources, nearly doubling the total drilled meters by the company to date. This project represents one of the most extensive single-season drill programs in British Columbia's Babine region, further solidifying the growing momentum behind the exploration of the NAK project.
American Eagle's recent magnetic survey has provided critical structural insights that enhance the geological model of the NAK project. The survey's data has identified high-priority drill targets, encouraging ambitious expansions beyond previously tested areas. American Eagle's ongoing efforts to explore the Babine porphyry stock aim to significantly scale up known zones and target additional higher-grade zones within and beyond them.
The NAK project benefits from excellent infrastructure, located close to the towns of Smithers, Houston, and Burns Lake, B.C. Historical data combined with recent drill results suggests vast zones of high-grade copper-gold mineralization, indicating significant potential for future resource expansions.
