American Eagle Advancing Towards Drilling Known Mineralized Target at Copper-Gold Porphyry Project in British Columbia
American Eagle Advancing Towards Drilling
Known Mineralized Target at Copper-Gold
Porphyry Project in British Columbia
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
View original content:
http://www.newswire.ca/en/releases/archive/May2022/02/c9196.html
%SEDAR: 00051688E
For further information:
Anthony Moreau, Chief Executive Officer, Phone:
416.644.1567, Email:
CO: American Eagle Gold Corporation
CNW 06:00e 02-MAY-22