Highlights:

NAK23-17 intersected 302 m of 1.09% Copper Equivalent within 606 m of 0.74% Copper Equivalent beginning at 98 m downhole.

NAK23-17 was collared 250 metres west of NAK23-11 (473 metres of 0.62% Copper Equivalent, beginning at surface), and more than 250 metres away from any previous hole drilled on the property, extending high-grade mineralization westward.

The fully funded 2024 drill program will prioritize expanding the large, high-grade, mineralized South Zone and testing linkages between it and other higher-grade parts of the extensive NAK system.
Toronto, Ontario – January 9, 2024 – Orecap Invest Corp. (the "Company" or "Orecap") (TSX.V: OCI | OTC: ORFDF) is pleased to announce that American Eagle Gold (AE:TSXV), an Orecap portfolio company in which it.owns 11,863,248 million shares (~11% of American Eagle) has intersected 302 metres of 1.09% CuEq from its latest drill hole—NAK23-17. This high-grade mineralization was encountered more than 250 metres away from any historically known mineralization prior to 2023’s drill program, beginning west-northwest of previously known limits of the South Zone mineralization where NAK-23-11 intersected 473 metres of 0.62% CuEq from surface.

In addition, Orecap would like to highlight that in May 2023, the Company announced a strategic investment by Teck Resources Limited, who now owns a 19.9% equity stake in the Company after subsequent investments in August and November 2023. The Company also received a major investment from renowned geologist, C.J. “Charlie” Greig. American Eagle Gold’s 2024 exploration program is fully funded and will prioritize expanding the large, high-grade, mineralized South Zone and testing linkages between it and other higher-grade parts of the extensive NAK system. see & read more on
https://orecap.ca/news/orecap-portfolio-company-american-eagle-intersects-302-metres-of-1.09-copper-equivalent/