공시 • Aug 22
American Eagle Gold Corp. Announces Significant Expansion of Its At- Surface High-Grade Gold Zone
American Eagle Gold Corp. announced a significant expansion of its at-surface high-grade "Gold Zone." The Company is reporting assay results for three recently drilled holes from the Gold Zone and two holes drilled across the Main Zone. The Gold Zone holes were drilled in different directions, and each returned well over 100 meters of 1 g/t AuEq from surface. The results significantly increase the Gold Zone's size by extending it to depth and to the north. The Company believes this near-surface high-grade gold and copper resource will be vital to unlocking the economic viability of the NAK project. Drill holes NAK24-24, -26, and -28 have visually confirmed further expansion of the Gold Zone, with NAK24-24 and NAK24-26 traversing north and northwest, respectively, of NAK24-21, beyond the gold- enriched stockwork mineralization, drilling into the south and central parts of the broader main zone of more copper-rich mineralization that extends in that direction. Due to the high tenor of gold in the Gold Zone, the Company is emphasizing Gold Equivalent (AuEq) as well as Copper Equivalent (CuEq) grades in this news release. Historically, the Gold Zone was termed the South or Stockwork zone, and was known to carry both significant copper and gold. Given that most of the contained metal value appears to be in gold, it will be referred to as the Gold Zone. It is continuous westward and northward with the larger and generally more copper-rich northerly trending zone of mineralization that extends from it and connects to the historical North, or Copper zone, hence for the referred to as the Main zone. NAK24-21 and NAK24-23 were collared from the same set-up, approximately 60 m north of NAK22-01 and NAK22-02. NAK24-21 was a vertical hole drilled to a depth of 419 m, while NAK24-23 was drilled toward 340 degrees at an -70-degree inclination, to a total depth of 527m. Both holes intersected classic stockwork style mineralization with quartz veining containing local centerline chalcopyrite and bornite mineralization. The upper 300 m of both holes were marked by broken core, with bornite and chalcopyrite commonly coating fracture surfaces. Lithologically, the holes were characterized by intercalated mineralized Babine porphyry stock intrusive rocks, and fine-grained sedimentary rocks. Below 300 m in NAK24-23, dykes similar in composition to the Babine porphyry stock cut intervals of chalcopyrite-mineralized conglomerate. NAK24-19 was collared 70 m to the northwest of NAK22-01 and NAK22-02 and drilled at a 55-degree inclination toward the southeast. This hole was designed to traverse from near the western margin of the gold-enriched South (Stockwork, Gold) zone, to ultimately test the flank of the IP embayment target. Mineralization was very strong downhole to 239 m, with similar stockwork-style mineralization to that
encountered in holes NAK24-21, 23, and NAK22-01 and 02, with abundant veining and fracture-hosted copper sulfides that decrease gradually downhole. Below this depth, down to approximately 700m, a sequence of silicified or siliceous fine-grained, and thin-bedded, and commonly structurally disrupted sedimentary rocks predominates. It hosts only trace chalcopyrite and molybdenite, mainly as fracture coatings and sparsely distributed veinlets. Below the fine-grained rocks, mineralization picks up and is hosted largely by conglomeratic rocks and sandstone with similarities to rocks encountered in drill holes to the west and northwest. They host disseminations and local breccia infill of chalcopyrite to a downhole
depth of 950m. Notably, near the end of the hole, a 30 cm wide zone of chalcopyrite-bearing vein breccia and associated disseminations in the wall rocks returned 0.78 g/t Au and 0.77 % Cu across a one metre interval, and overall, hole NAK24-19's strongly anomalous copper at depth near the IP embayment zone is encouraging. Future testing of the zone will be undertaken from the north or northeast. Three additional holes have been drilled in the Gold Zone and are awaiting results. NAK24-24 was collared from the same location as NAK24-21 and 23, drilling at a 55-degree inclination to the north. This hole was allowed to continue northward through the Gold Zone as far north as what was originally known
as the North or Copper zone, thereby yielding a more complete understanding of the relationship between the historical South (Stockwork, Gold) and North (Copper) zones. Visuals from the hole help support its view that mineralization is largely continuous between the zones and show that to the north and at depth (end of hole equalled 950m), the bornite-chalcopyrite rich disseminated, and vein mineralization encountered in drill hole NAK23-12 is extensive. NAK24-26 was also drilled from the same location as NAK24-24, but at a northwest, 300-degree azimuth. As with hole NAK24-24, hole 26 was drilled from the gold-rich South zone (Gold zone), traversing into the more copper-rich mineralization characteristic of the broader northerly-trending mineralized zone at NAK (Main zone). The hole was shut down in fine-grained, weakly mineralized silicified/siliceous sedimentary rocks at a depth of 600 m. NAK24-28 was collared approximately 100 m to the east of NAK24-24 and drilled at a -55-degree inclination to the southeast. This hole collared in the Gold Zone, in stockwork style mineralization that included local chalcopyrite-mineralized centerline quartz veins, veins containing local bornite, and local bornite-coated fracture surfaces, all accompanied by finely disseminated chalcopyrite and bornite throughout the groundmass. Downhole of the stockwork style mineralization the hole intersected disseminated chalcopyrite hosted by coarse-grained pebbly sandstone, down to a depth of approximately 500m. where weaker mineralized silicified/siliceous fine grained sedimentary rocks were
intercepted. The hole was shut down at a depth of 623 m. Along with holes NAK24-18 and -20, three further holes, NAK24-22, -25 and -27, have been collared on the Main zone trend connecting mineralization in the south, at the Gold Zone and in rocks contiguous to the west (e.g., NAK23-08, -11, 17, -10, and 16), with generally more copper-rich rocks in the north in the historical Copper zone (e.g., NAK23-12 and -14). The three holes for which results are pending were drilled west to east on sections spaced 100 m apart, north from the section along which hole NAK24-20 was drilled. Overall, in these west-to-east deeper holes, mineralization has increased in abundance and tenor northward, with a concomitant increase in bornite mineralization at depth, particularly in holes NAK24-25 and NAK24-27. Consequently, the Company's systematic drilling of long holes from westerly step-outs has helped to show that mineralization in the south is continuous with that in the north.