American Eagle Commences Exploration Season at NAK
American Eagle Commences Exploration
Season at NAK
Toronto, Ontario--(Newsfile Corp. - April 23, 2025) - American Eagle Gold Corp. (TSXV: AE) (OTCQB:
AMEGF) ("American Eagle" or the "Company") is pleased to announce the commencement of its 2025
exploration campaign, starting with a helicopter-borne magnetic survey ("mag survey") over the entirety
of its 100%-owned NAK copper-gold porphyry project ("NAK") in British Columbia.
Magnetic Survey to Assist in Identifying Drill Targets
The 480 line-kilometre survey, conducted with 50-metre spacing (
click here to view
), employs four
sensors to measure horizontal and vertical gradients. Compared to the single sensor method previously
used at NAK, this advanced approach provides superior resolution for identifying various geological
features and improves our understanding of subsurface structures. This will help the NAK team pinpoint
where known mineralized dykes reach the surface and to target the optimal orientation of drillholes, to
test where these dykes and magnetite-rich potassic alteration zones may originate at depth.
30,000 Metres of Drilling on NAK Begins in May
American Eagle's 2025 fully funded 30,000-metre drill campaign at NAK begins in May. Backed by
strategic investments from Teck Resources and South32, this year's program will surpass the total
metres drilled by the Company over the past three years combined. It will also rank among the most
extensive single-season drill campaigns ever undertaken in British Columbia's Babine region, reflecting
the growing scale and momentum behind NAK.
"The upcoming survey will significantly enhance our understanding of the complex network of dykes at
NAK, extending well beyond the areas we've drilled to date. It will provide insights into the potential
sources of these dykes and where they extend to surface," said Anthony Moreau, CEO of American
Eagle Gold.
"The insights gained will allow our team to design a more efficient and targeted drill
program. This year, we're launching one of the most substantial exploration campaigns in the
province-aimed at expanding the scale of NAK, especially in high-grade, near-surface zones, as well
as testing compelling targets that have remained untouched since we acquired the project in 2021.
Importantly, even after this aggressive program, we'll remain fully funded for at least another two
years
."
The Company intends to share the results of the latest magnetic survey and a final plan for the 2025
season in the coming weeks, just before the start of the 2025 drill season in the second half of May.
Click to View Plan Map with Preliminary 2025 Target Zones
About American Eagle's NAK Project
The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has
excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and
Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and
geophysical, geological, and geochemical work at NAK, which began in the 1960's, tested only to
shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over
1.5 km x 1.5 km. Drilling completed by American Eagle in 2022, 2023, and 2024 returned significant
intervals of high-grade copper-gold mineralization that reached beyond and much deeper than the
historical drilling, indicating that zones of near-surface and deeper mineralization, locally with
considerably higher grades, exist within the broader NAK property mineralizing system.
For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube
Chanel:
youtube.com/@theoregroup
About American Eagle Gold Corp.
American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British
Columbia, Canada. The Company benefits from over $37 million in cash, bolstered by two strategic
investors formed in the past two years with Teck Resources and South32. With substantial financial and
technical resources, American Eagle Gold is well-positioned to drill, de-risk, and define the full potential
of the NAK Copper-Gold porphyry project.
Anthony Moreau, Chief Executive Officer
416.644.1567
www.americaneaglegold.ca
Q.P. Statement
Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and 'qualified person' for the
purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties, has
verified and approved the information contained in this news release.
Forward-Looking Statements
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 complete the Offering as anticipated, the receipt of regulatory approval,
including the approval of the TSX Venture Exchange, to complete the Offering, the intended use of
proceeds and intended drill program or its anticipated results at the Company's NAK project, the ability
of the Company to make the qualifying expenditures as anticipated by management, and other matters
ancillary or incidental to the foregoing. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ
materially from those suggested in 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.sedarplus.ca
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/249380