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American Eagle completes magnetotelluric survey at its Golden Trend property in Cortez, Nevada

The Nevada-focused explorer engaged Zonge Engineering to complete a 3-line survey covering a 10.8-line kilometre program across the Golden Trend

American Eagle Gold - American Eagle completes magnetotelluric survey at its Golden Trend property in Cortez, Nevada
The Nevada-focused explorer said it is interpreting the data and will communicate "the final interpretations in the near term"

American Eagle Gold Corp (CVE:AE) announced that its contractor Zonge Engineering has completed a new Controlled Source Audio Magnetotelluric (CSAMT) geophysical resistivity survey on the company's flagship Golden Trend property in Cortez, Nevada.

The company’s 2,286-acre (925 hectares) Golden Trend property is located on the Cortez Trend, next door to Barrick Gold and Newmont Mining’s Gold Rush and Cortez Mine, which hosts over 27 million ounces of gold.

“CSAMT surveys have been very successful in delineating lithological boundaries and major fault zones in the Cortez region and can be used to select exploration drill targets on the Golden Trend,” said the company.

READ: American Eagle Gold begins trading on the TSX Venture Exchange

American Eagle engaged Zonge Engineering to complete a 3-line survey covering a 10.8-line kilometre program across the Golden Trend, spaced approximately 900 metres apart. The survey on Golden Trend targeted multiple geological features identified by American Eagle's technical team.

With the survey now complete, the Nevada-focused explorer said it is interpreting the data and will communicate the final interpretations in “the near term.”

American Eagle, a part of the Ore Group of companies, plans to drill and advance its relatively unexplored property and focus on acquiring and advancing gold projects in the area.

Contact the author Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

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Price: 0.14 CAD

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American Eagle Gold lists its shares on the TSX Venture Exchange under the...

American Eagle Gold Corp. (TSXV:AE) CEO Anthony Moreau tells Proactive the Toronto-based group has begun trading its shares under the symbol ‘AE’ on the TSX Venture Exchange. Moreau says the group is very excited about its Nevada-based flagship asset, the Golden Trend Project, which he says is...

on 05/03/2021

2 min read