American Eagle Continues to Expand South Zone near Surface Mineralization: Highlights Include 140 m of 0.74% Copper Eq. and 130 m of 0.62% Copper Eq.
American Eagle Continues to Expand South
Zone near Surface Mineralization: Highlights
Include 140 m of 0.74% Copper Eq. and 130 m
of 0.62% Copper Eq.
Toronto, Ontario--(Newsfile Corp. - January 15, 2026) - American Eagle Gold Corp. (TSXV: AE)
("American Eagle" or the "Company") is pleased to announce drill results that further expand the South
Zone at its NAK copper-gold project in British Columbia. Holes NAK25-55 and NAK25-62 extend
shallow mineralization nearly 150 meters east-southeast, while NAK25-69 and NAK25-72 expand it 150
meters to the west-southwest. Notably, NAK25-55 and -62 highlight near-surface mineralization along
the southern edge of the Babine porphyry stock shown in
Figure 1
. Additionally,
Figure 2
highlights the
South Zone growth achieved through the drill results presented in this release.
Highlights:
NAK25-62:
Extended near-surface mineralization 150 m east of NAK25-46, intersecting
140 m of
0.74% CuEq
within 189 m of 0.61% CuEq starting near surface.
NAK25-55:
Extended near-surface mineralization 150 m south of NAK25-62, intersecting
134 m
of 0.40% CuEq
starting near surface.
NAK25-69:
Extended mineralization 150 m south of NAK25-41, intersecting
130 m of 0.62%
CuEq
within 409 m of 0.33% CuEq starting 215 m downhole.
NAK25-72:
Further westward extension of NAK25-69 drilled from the same location at a shallower
inclination, intersecting
455 m of 0.31% CuEq
starting 166 m downhole.
The
NAK Online 3D Viewer
showcases the growth potential of the South Zone and highlights the
findings in this release, which further expands the known mineralization footprint.
Strategic Importance of the South Zone:
The South Zone is characterized by strong grades, shallow mineralization, and minimal overburden,
making it a logical focus for continued step-out and infill drilling. This area has the potential to support
early-stage development scenarios while providing optionality for bulk mining approaches in adjacent,
yet-to-be-defined zones across the NAK project.
With these latest results, the South Zones dimensions extend over 700 m in the east-west direction, 500
m in the north-south direction, and to over 800 m in depth. The holes in this release have contributed a
high-confidence expansion of over 150 m in both the east-west and north-south dimensions from the
previous iteration of the model, and a substantial increase over the previous seasons of drilling (see
Figure 3
).
Strong potential for expansion remains along the southern margin of the Babine Porphyry
stock, where the Company has completed additional widely spaced step-out drilling, within a 1 km trend
of open, highly prospective ground, extending eastward from the currently modeled bounds of the zone
(see
Figure 4
).
"These results reinforce the South Zone as the focus of our drilling program, yet they also highlight that it
sits within what is clearly an exceptionally large and continuous copper-gold system at NAK that exists
far beyond what is the South Zone. The consistent near-surface mineralization and significant step-out
extensions in multiple directions confirm both the scale and the potential of NAK," said Anthony Moreau,
CEO of American Eagle Gold Corp.
View Interactive 2D Map of NAK
View Core Photos for Released Holes
Watch: Webinar with Anthony Moreau and Neil Prows Discussing Significance of January 15
Results
NAK25-62 Assay Results (Table 1) and Details
*
Hole
From
To
Length
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-62
124
264
140
0.28
0.35
1.2
100
0.74
Within
NAK25-62
75
264
189
0.23
0.28
1.1
90
0.61
And
NAK25-62
483
701
218
0.17
0.15
0.4
49
0.37
Within
NAK25-62
32
827
795
0.13
0.12
0.5
51
0.30
View Clean Cross Section
l
View Combined Hole Cross Section
l
View Hole Location
*
Copper Equivalent (CuEq) shown in Tables for drill intercepts are calculated on the basis of US$ 4.50/lb for Cu, US$ 3,375/oz for Au, US$ 60/oz
for Ag and US$ 25/lb for Mo, with 80% metallurgical recoveries assumed for all metals (since it's unclear what metals will be the principal
products, assuming different recoveries is premature at this stage). The formula is: CuEq. = Cu % + (Au grade in g/t
x (Au recovery / Cu recovery)
x [Au price ÷ 31] / [Cu price x 2200 x 1%]) + (Ag grade in g/t x
(Ag recovery / Cu recovery) x [Ag price ÷ 31] / [Cu price x 2200 x 1%] + (Mo grade in
%
x (Mo recovery / Cu recovery) x [Mo price] / [Cu price]). The assays have not been capped.
NAK25-62 was collared approximately 150 m to the east of NAK25-46 and drilled steeply to the west.
This hole was designed to expand the known extent of South Zone mineralization to the east of the
tested zone.
NAK25-62 collared into interbedded siltstone, sandstone, and conglomerate, before
transitioning into a well mineralized package of sandstone at a depth of 75 m.
Concordant with the
Company's modelling, mineralization, consisting of disseminated and vein hosted chalcopyrite remained
strong to a depth of 264 m, where the hole transitioned to a thinly bedded, less well mineralized package
of fine-grained sedimentary rock.
Disseminated chalcopyrite mineralization abruptly increases in
abundance below this unit, at a depth of 480 m, coinciding with a transition to the well constrained
mineralized conglomerate.
As the hole traversed deeper, sulfide speciation gradually shifted to
pyrite/pyrrhotite dominant, bottoming in concretion-bearing fine sandstone cut by narrow mafic dyking.
NAK25-55 Assay Results (Table 2) and Details*
Hole
From
To
Length
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-55
97
231
134
0.13
0.21
1.3
14
0.40
And
NAK25-55
503
808
305
0.12
0.07
0.5
60
0.23
Within
NAK25-55
119
884
765
0.09
0.07
0.6
40
0.21
View Cross Section
l
View Hole Location
NAK25-55 was collared approximately 150 m south-southeast of NAK25-62 and drilled steeply to the
west-northwest.
The hole was designed to test both near surface and deep mineralization beyond the
southeastern extent of drilling in the South Zone.
The hole collared into interbedded sandstone and
siltstone with subordinate lenses of conglomerate, to a depth of 300 m, where the hole's first instance of
fine grained mafic intrusive was encountered.
The mafic unit continued to a depth of 400 m, where the
hole transitioned into sparsely feldspar phyric porphyry dyking followed by conglomerate.
Conglomerate
predominated to a depth of 600 m, where thin beds of sandstone were interspersed with numerous
intervals of fine grained mafic intrusive rock, which remained the dominant lithology to end of hole.
Mineralization in NAK25-55 consisted of sparse chalcopyrite disseminations and stringers, primarily
confined to sandstone and conglomerate lithologies, with local punctuations of vein hosted bornite
confined to narrow zones within the lower intercept of mafic dyking.
NAK25-69 Assay Results (Table 3) and Details*
Hole
From
To
Length
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-69
452
582
130
0.32
0.16
1.0
175
0.62
Within
NAK25-69
215
624
409
0.18
0.08
0.8
77
0.33
Within
NAK25-69
13
787
774
0.13
0.05
0.6
62
0.23
View Cross Section
l
View Hole Location
NAK25-69 was collared from the same location as NAK25-49, and drilled steeply to the west.
This hole
was designed to test the southern limits of mineralization, approximately 100 m south of the stronger
than anticipated mineralization encountered in NAK25-41.
The hole collared into interbedded sandstone
and siltstone interspersed with thin beds of conglomerate, before entering dominantly conglomerate
units at a depth of 175 m.
The hole remained in conglomerate, cut by numerous instances of
compositionally and texturally variable porphyry dyking, to a depth of 450 m, where interbedded fine to
coarse sandstone prevailed as the dominant lithology. Mineralization in NAK25-69 was characterized by
broad zones of low to moderate grade, represented by sparsely distributed chalcopyrite bearing quartz-
anhydrite veins and sparse chalcopyrite disseminations, punctuated by shorter intervals of stronger
grade, associated with bornite and dense chalcopyrite mineralization.
The strongest zones of
mineralization are commonly associated with the presence of porphyry dyking, notably between 452 and
582 m, where the dykes themselves host abundant chalcopyrite and bornite disseminations.
NAK25-72 Assay Results (Table 4) and Details*
Hole
From
To
Length
Cu ppm
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-72
166
245
79
0.28
0.11
1.3
217
0.54
And
NAK25-72
416
570
154
0.27
0.08
1.6
72
0.42
Within
NAK25-72
166
621
455
0.18
0.06
1.0
72
0.31
View Cross Section
l
View Hole Location
NAK25-72 was collared from the same location as NAK25-69 and drilled shallowly to the west, designed
to test westward from the encouraging mineralization encountered previously in the steeper oriented
NAK25-69.
The hole collared into interbedded sandstone and siltstone, transitioning to conglomerate at
a depth of 75 m.
Conglomerate predominated to a depth of 350 m, succeeded by fine to coarse grained
sandstone for the remainder of the hole.
As with NAK25-69, mineralization was characterized by broad
intervals of low grade disseminated chalcopyrite, punctuated by zones of vein hosted bornite and
densely disseminated chalcopyrite mineralization commonly within and enveloping porphyry dykes of
variable composition.
Sulfide speciation within the disseminated mineralization transitions from
chalcopyrite dominant to pyrite-pyrrhotite dominant, as the hole traverses farther to the west, with local
zones of chalcopyrite dominant sporadically throughout.
NAK25-65 Assay Results (Table 5) and Details*
Hole
From
To
Length
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-65
211
339
128
0.18
0.05
0.8
23
0.26
Within
NAK25-65
7
575
568
0.09
0.03
0.6
20
0.15
View Cross Section
l
View Hole Location
NAK25-65 was collared approximately 120 m west-southwest of NAK25072/69, designed to test the
southwestern limits of known South Zone mineralization.
This hole encountered a similar association of
interbedded coarse to fine sedimentary rocks, transitioning to conglomerate, and finally sandstone, as
described above in NAK25-72 and 69.
Similarly to NAK25-72, the best mineralization was strongly
associated with narrow intervals of feldspar phyric porphyry dyking, intruding weakly mineralized
sedimentary host rocks. Sulfide speciation within the sedimentary units transitions from chalcopyrite-
pyrite to pyrite dominant as the hole traversed farther to the west, and consistent with drilling elsewhere
at NAK, the hole was terminated when pyrite was observed to be the dominant disseminated sulfide.
Collar details for holes in this release (table 6):
Hole
UTM_Grid
UTM_East
UTM_North
Azimuth
Inclination
TD (m)
NAK25-55
NAD83_Z9
675620
6129124
280
-75
884
NAK25-62
NAD83_Z9
675575
6129266
265
-75
827
NAK25-65
NAD83_Z9
675191
6129109
265
-50
575
NAK25-69
NAD83_Z9
675297
6129153
255
-75
787
NAK25-72
NAD83_Z9
675297
6129153
255
-55
621
QA/QC and Sampling Protocol
Sampling at NAK follows a rigorous methodology and internal QA/QC protocol. Drill core is halved on
site, and samples are submitted to ALS Geochemistry in Langley, British Columbia for preparation and
analysis. ALS is accredited to the ISO/IEC 17025 standard for assays. All analytical methods include
quality control standards inserted at set frequencies. The entire sample interval is crushed and
homogenized, and 250 g of the homogenized sample is pulped. All samples were analyzed for gold,
silver, copper, molybdenum and a suite of 45 other major and trace elements. Analysis for gold is by fire
assay fusion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) on 30 g
of pulp. Analysis for silver, copper, and molybdenum and all other major and trace elements are analyzed
by four-acid digestion followed by Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).
Internal QA/QC protocols dictate that individual core samples are no less than 70 cm and no greater than
3 m in length. To control standard, blank, and duplicate sample frequency, and to better constrain
pass/fail re-analysis intervals, samples are submitted to the lab in 50 sample batches. Within each 50-
sample batch, there is one gold-copper standard and two coarse reject duplicates, inserted at regular
intervals, and two blank samples, inserted sequentially following well-mineralized samples where
possible, for a total of 10% QA/QC samples. All gold and copper standard analyses from the 2024
program passed within 3 standard deviations of expected values. Where duplicate values differed
significantly, the lower values from the resulting re-analyses were used.
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.
Drilling is
currently in progress, with over 16,500 metres drilled across 26 holes out of the planned 30,000-metre
drill program. Three drills are actively operating, including one helicopter-supported hole, and expected
to continue into December.
For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube
Channel:
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 $36 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 independent '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: including statements relating to the use of
proceeds of the Offering, the tax treatment of the Charity FT Shares, the receipt of all necessary
regulatory approvals in connection with the Offering, the 2025 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/280459