American Eagle buys Nak copper/gold project in BC
TSX-V-listed American Eagle Gold on Monday announced it would buy a 100% interest in the Nakinilerak (Nak) property in the Babine copper district of British Columbia.
NAK is a copper/gold porphyry exploration target in the Stikine Island Arc Terrane, which hosts many copper/gold porphyry deposits. NAK's known mineralisation is open at depth and is defined by a compelling geophysical signature analogous to Newcrest's Red Chris mine and Newmont's Tatogga project located in northwest BC.
The acquisition, CEO Anthony Moreau said, was data-driven and supported by the risk-reward proposition to drill test a new geophysical feature within a well-understood environment.
NAK's historic drill and exploration database have been digitised along with a reinterpretation of the geophysical and geochemical data to delineate targets for American Eagle's drill programme in 2022. During the due diligence process, American Eagle’ team uncovered what appears to be a classic geophysical signature for a large underground copper/gold porphyry system.
NAK has had more than $9-million of exploration work, including 18 000 m of drilling. Most of the historical drill holes have been shallow, averaging less than 169 m, which defined an extensive zone of near-surface, low-grade copper/gold mineralisation, with the possibility of higher grades occurring at depth.
“Our plan with Golden Gate has not changed, and its drill programme is under way, however with the addition of Nak, American Eagle adds exposure to a copper and gold property in Canada," said Moreau.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation