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.
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.
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