TORONTO, May 2, 2022
/CNW/ - American Eagle Gold Corp. (TSXV: AE) ("American
Eagle" or the "Company") continues to advance its
British Columbia copper-gold
porphyry project NAK. Charlie Greig,
who led the discovery of GT Gold's Saddle copper-gold
deposit, is advising and executing American Eagle's
exploration program at NAK. The Company is fully funded for NAK's
2022 exploration program and is awaiting its permit to begin
drilling.
The planned drill program on NAK consists of 8 diamond drill
holes totaling 4,500m targeting the
newly identified geophysical feature within a well-understood
copper-gold porphyry province. NAK's known copper-gold porphyry
mineralization is open at depth, and the compelling deep
geophysical signature is analogous to Newcrest's Red Chris Mine and Newmont's Tatogga project in
northwest BC.
Interpretation of the historical geophysics data appears to
delineate an underlying multi-phase porphyry source for the
previously-drill-defined near-surface low-grade copper-gold
mineralization. This interpreted porphyry is a potential source and
host for a deeper high-grade orebody, which has never been
drill-tested. The proposed 2022 drill program will test the top of
the larger intrusive stock.
Click Here for a Webinar on
NAK
American Eagle is engaging with the local community stakeholders
and working towards attaining a permit to begin drilling in the
summer.
Click Here for Updated Corporate
Presentation and NAK Overview
About American Eagle Gold
Corp.
American Eagle Gold is traded on the TSX Venture Exchange under
the symbol 'AE' and is focused on exploring its two properties, NAK
and Golden Gate. NAK is in the Babine Copper-Gold Porphyry district
in central British Columbia.
Golden Gate is on the Cortez Trend, which hosts three large
Carlin-type gold deposits operated by Barrick and Newmont's Joint
Venture, Nevada Gold Mines
(Pipeline, Cortez Hills and
Goldrush). The Property is 10 km south of Cortez Hills and 5 km
south of Goldrush and shows many of the same geological
characteristics as the two deposit areas.
QP Statement
American Eagle's Vice President of Exploration, Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified
Professional Geologist and 'qualified person' for Canada's National Instrument 43-101 Standards
of Disclosure for Mineral Properties, has verified and approved the
information contained in this news release.
www.americaneaglegold.ca
Forward-Looking
Statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the TSX Venture Exchange
policies) accepts responsibility for the adequacy or accuracy of
this release. Certain information in this press release may contain
forward-looking statements. Forward-looking statements in this
press release include, but are not limited to, statements regarding
whether the Company will be able to exercise its option to acquire
the Project as anticipated and whether the Company's exploration
efforts on the Project produce the results that are anticipated by
management. This information is based on current expectations that
are subject to significant risks and uncertainties that are
difficult to predict. Actual results might differ materially from
results suggested in any forward-looking statements. American Eagle
Gold Corp. assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those reflected in the forward looking-statements
unless and until required by securities laws applicable to American
Eagle Gold Corp. Additional information identifying risks and
uncertainties is contained in filings by American Eagle Gold Corp.
with Canadian securities regulators, which filings are available
under American Eagle Gold Corp. profile at www.sedar.com.
SOURCE American Eagle Gold Corporation