The gold zone, traditionally often known as the South or Stockwork zone, was beforehand acknowledged for its copper and gold content material. Nonetheless latest information signifies that gold stands out as the main driver of this zone’s worth.
“NAK is simple to entry and has nice topography that are main benefits relative to its porphyry friends when contemplating exploration prices and operational and build-out prices when evaluating NAK’s financial potential,” American Eagle CEO Anthony Moreau stated in a information launch.
“These holes symbolize the primary few outcomes of this system, and we count on drilling to proceed via November with constant updates on our progress.”
The NAK challenge is totally funded for its 2024 drill program, due to Teck Assets’ 19.9% possession stake in American Eagle. This partnership not solely supplies monetary assist but in addition brings experience in porphyry programs, additional validating the sturdy potential of the NAK property.