American Eagle Gold Corp. (AE.TSXV) released results August 18, 2026 from hole NAK26-87 at its NAK copper-gold porphyry project in west-central British Columbia: 1,001 metres of 0.46% copper equivalent starting at surface, including 218 metres of 1.01% CuEq. The company describes it as the longest mineralized intercept ever drilled at NAK.
The intercept begins at 39 metres downhole. The 218-metre high-grade portion runs from 552 metres to 770 metres downhole.
The hole steps out 150 metres northwest of NAK25-78, which had returned 802 metres of 0.71% CuEq from surface, including 375 metres of 1.01% CuEq. Three companion holes — NAK26-84, NAK26-86, and NAK26-88 — returned broad, consistent copper intercepts to the north and west, with the company noting positive implications for pit design and future strip ratio. The NAK South Zone now measures 700 metres east to west by 600 metres north to south, extending from surface to more than 800 metres depth.
CEO Anthony Moreau put it directly in the company's August 18, 2026 news release: "A kilometre of continuous copper and gold mineralization in a single drill hole is a rare result anywhere in the world. Starting at surface, it is rarer still, and that is exactly what NAK26-87 delivered."
NAK26-87 is one of five holes reported so far from an approximately 80-hole, roughly 55,000-metre drill program running through April 2027. American Eagle states it holds approximately $50 million in cash to fund multi-year work at NAK — a February 23, 2026 filing cited a cash balance increase to $55 million; the two figures cannot be reconciled from available sources. Current share count data in the research brief is conflicting and dated; real-time price and market cap for August 18, 2026 were unavailable.
The NAK project sits in British Columbia's Babine Porphyry District and is described as road-accessible near established infrastructure — attributes the company attached directly to its strip-ratio and pit-design commentary on the western step-out holes.
On August 18, 2026, gold was trading at $4,429.49 USD per troy ounce, up 0.30% from the prior session per Trading Economics. The S&P/TSX Venture Composite was at 905.98 intraday per Investing.com, having opened at 898.91; a final close was not confirmed in available data. Copper spot price for August 18 was not available in the sourced data.
Five holes are public from an approximately 80-hole program. Whether the western step-outs hold grade as well as they hold width is the question the remaining results — due through April 2027 — will answer.