American Eagle Drill Permitting Underway at Golden Gate & On Schedule for Fall Drilling Program
American Eagle Drill Permitting Underway at
Golden Gate & On Schedule for Fall Drilling
Program
TORONTO
,
Aug. 26, 2021
/CNW Telbec/ - American Eagle Gold Corp. (TSXV: AE) ("
American
Eagle
" or the "
Company
") is pleased to announce that it has completed and interpreted its seismic
survey on the Golden Gate Property. It has also defined potential drill targets and filed Notices of
Intent with the Bureau of Land Management ("BLM") to drill on Golden Gate.
Permitting and Drill Program Update
The Company's maiden drill program on American Eagle's Golden Gate will begin in the fall of 2021.
The drill program will focus on intersecting lower plate rocks and discovering the buried Carlin-type
deposits that American Eagle Gold believes to exist on the Golden Gate property.
Drill Targets via
Promising Seismic Results (
link here
)
The 2D seismic survey over the Golden Gate project was completed in July, and the data for
seismic lines have been processed and interpreted. Reflectance profiles on the northern line show
evidence of low-angle (thrust) west-dipping structures with associated hanging-wall folding, a
structural setting typical of Carlin-type systems in the Cortez district. In addition, strong deformation
is apparent to at least
700m
depth in the seismic profile.
These are promising results, particularly when combined with the Golden Gates recently completed
Controlled Source Audio-frequency Magnetotelluric ("CSAMT") results, demonstrating potential for
lower-plate carbonate rocks as close to
350m
to surface.
CRUX Investor Profile on American Eagle Gold (
link here
)
CRUX Investor recently published an article about American Eagle Gold, highlighting the prospective
opportunity at Golden Gate and why American Eagle Gold's value proposition is intriguing compared
to other miners in the area. The first key is the geologist in charge of finding the deposit,
Mark
Bradley
, a renowned expert in underground Carlin Type deposits. The second is the proximity of the
property next door and on-trend with Barrick's
Cortez Hills
and Goldrush mines.
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 flagship property, Golden Gate. The property is strategically situated 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 located 10 km
south of Cortez Hills and 5 km south of Goldrush and shows many of the same geological
characteristics as at 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 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.
For information and updates on American Eagle Gold, please visit:
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 the listing of the
Company's Common Shares on the TSX Venture Exchange and the anticipated timing thereof, the
planned work program on the Golden Gate project and the timing of the program milestones. 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/August2021/26/c0400.html
%SEDAR: 00051688E
For further information:
To Speak to the Company directly, please contact: Anthony Moreau,
Chief Executive Officer, Phone: 416.644.1567, Email: [email protected]
CO: American Eagle Gold Corporation
CNW 09:27e 26-AUG-21