AMERICAN EAGLE GOLD CORP. American Eagle Gold Corp. (?American Eagle? or the ?Company?) announced that the 2024 exploration program at its NAK property is about to get underway with an initial nine line, deep-looking IP survey.
The IP survey will add to the three-line deep-penetrating survey completed last year. The inversion modeling of that data, when combined with data from historical IP work at the NAK project, strongly suggested that the shoulder of the IP chargeability high broadly correlated with the zones of best mineralization encountered in the 2023 drilling. The IP survey aims to build on the successful three-line deep-looking IP survey run in the fall of 2023.
Inversion modeling of the IP data from that survey strongly indicated that the inner flank, or shoulder, of the IP chargeability high correlated well with better grades in drill holes NAK23-08, -11 and -17 in the south zone, and in Holes NAK23-12, -13, and -14 in the North Zone. Nine IP lines are slated for the 2024 program, extending from the southwestern-most part of the NAK property to the northeastern-most part. This work is anticipated to increase the Company's confidence in targets at depth, and modelling of the data will incorporate historical data, which outlined a classic, broad but shallow IP chargeability halo enveloping the Eocene Babine granodiorite porphyry stock at NAK.
The expanded survey will provide additional confidence in planning broad step-out drilling, in testing between the Company's broad, high- grade intersections at it's North and South zones, and possibly in highlighting depth targets elsewhere on the property, where shallow historical drilling showed promising indications of porphyry-style Cu-Au-Mo- Ag mineralization. Details of NAK's 2024 Drill Program: Planning for the 2024 drill campaign is well underway. It will integrate the Company's growing understanding of the relationship between reactive and permeable host rocks, and the emplacement of multi-phase Eocene dikes and sills, resulting in the development of a detailed mineralization and alteration model.
The expanded 2024 program, which will consist of 15,000 metres, will aim to link, better define, and expand upon the historical North and South zones, which the Company showed in its 2022 and 2023 drill programs extends to great depths. Intercepts from 2023 include 900 m of 0.50% Copper Equivalent in the North zone and 302 metres of 1.09% within 606 m of 0.74% Copper Equivalent starting from 98 metres downhole in the South Zone.
