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American Eagle Gold closes NAK acquisition and financing

Published by , Editor
Global Mining Review,

American Eagle Gold Corp. has received final approval from the TSX Venture Exchange and has closed on the acquisition of an option to acquire a 100% interest in the NAK property in the Babine Copper-Gold Porphyry district in central British Columbia.

The company has also closed on a $1.5 million flow-through financing.

The NAK acquisition offers American Eagle Gold a valuable risk-reward proposition to drill test a new geophysical feature within a well-understood geologic environment. NAK’s known copper-gold porphyry 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 of NAK was supported by the analysis and reinterpretation of geochemical, geophysics and drilling data, all of which demonstrated coincidental anomalies.

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