The gold zone, historically known as the South or Stockwork zone, was previously recognized for its copper and gold content. However recent data indicates that gold may be the primary driver of this zone’s value.
“NAK is easy to access and has great topography which are major advantages relative to its porphyry peers when considering exploration costs and operational and build-out costs when evaluating NAK’s economic potential,” says American Eagle CEO Anthony Moreau.
“These holes represent the first few results of the program, and we expect drilling to continue through November with consistent updates on our progress.”
The NAK project is fully funded for its 2024 drill program, thanks to Teck Resources’ 19.9% ownership stake in American Eagle. This partnership not only provides financial support but also brings expertise in porphyry systems, further validating the strong potential of the NAK property.
