American Eagle Drilling on Golden Gate to Begin Soon
American Eagle Drilling on Golden Gate to
Begin Soon
TORONTO
,
Nov. 9, 2021
/CNW/ - American Eagle Gold Corp. (TSXV: AE) ("
American Eagle
" or
the "
Company
") is pleased to announce that its drilling program located at its flagship Golden Gate
property, within the Cortez Trend and adjacent to Barrick's Goldrush mine, will begin soon. Drill pad
construction is in progress, and the Company will commence its 3,000-metre drill campaign
shortly. The program's objective is to intercept lower plate rocks, allowing the Company to vector
towards potential gold deposits within a similar geologic environment as Barrick's
Cortez Hills
and
Goldrush deposits. VP of Exploration Mark Bradley designed this drill campaign. While previously
with Barrick, he was credited with discovering Barrick's Goldrush Mine, which hosts 15 million
ounces and is slated to go into production before the end of this year.
Watch interview with CEO
Anthony Moreau
discussing drill program
"We are excited to begin drilling at our Golden Gate Property, which American Eagle consolidated,
and forms the entire southern extension of Barrick's Cortez facility. Our preceding exploration work
has given our team confidence in our targeting within one of the few untested land packages in this
region," said American Eagle CEO
Anthony Moreau
.
Highlights:
Drilling will be focused at the Northern Cortez and Southern Cortez targets, located in the
footwall of the Cortez Fault zone, ~10km southeast of Barrick's
Cortez Hills
mine and ~5km
southwest of Barrick's Goldrush mine.
Click here to see regional aerial photos
.
The program aims to intercept lower plate rocks and identify deep alteration and mineralization
analogous to
Barrick Gold's
Goldrush, Fourile, and
Cortez Hills
projects next door.
American Eagle plans to retain its rig at the site and expand its drill campaign upon the results
of its drilling and further geophysical work on its more than 7,000-acre property.
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. Additionally, American Eagle Gold has optioned the
Cerros Rojos Property, located 150km south of Newmont's Long Canyon mine in Nevada.
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 planned
work program on the Cerros Rojos Property, the timing of the program milestones and TSX Venture
Exchange approval of the acquisition. 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 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/November2021/09/c8397.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 06:00e 09-NOV-21