American Eagle Drills 802 Metres of 0.71% Copper Eq. from Surface, including 375 Metres of 1.01% Copper Eq.
American Eagle Drills 802 Metres of 0.71%
Copper Eq. from Surface, including 375 Metres
of 1.01% Copper Eq.
Toronto, Ontario--(Newsfile Corp. - January 26, 2026) - American Eagle Gold Corp. (TSXV: AE)
("American Eagle" or the "Company") is pleased to report one of the strongest drill results to date at its
100% owned NAK Project, highlighting a very wide, near-surface, high-grade interval that demonstrates
continuous mineralization from surface to depth and materially expands the scale and coherence of the
South Zone.
Drill hole NAK25-78 intersected 802 metres of 0.71% Copper Equivalent ("CuEq") from surface,
including 375 metres of 1.01% CuEq beginning 211 metres downhole, confirming a broad, high-grade
mineralized system with strong continuity across previously untested areas. The results increase the
overall size of the South Zone and successfully connect multiple high-grade discoveries made earlier in
the 2025 drill season, while demonstrating a significant expansion of the known highest-grade part of the
system.
Highlights of NAK25-78
802 metres of 0.71% CuEq from surface, including:
375 metres of 1.01% CuEq, beginning 211 metres downhole and within
645 metres of 0.82% CuEq
Demonstrates continuous, high-grade mineralization from surface to depth with minimal
internal dilution
Expands and links the highest-grade parts of the South Zone through previously
untested gaps between drill fences
With these results, the South Zone now extends approximately 700 metres east-west, 500
metres north-south and over 800 metres vertically
About NAK25-78
Drill hole NAK25-78 was designed to test the continuity and growth of its current northwesterly limits,
along with the width and vertical extent of high-grade mineralization within the South Zone. The hole was
collared approximately 125 metres north of the highest-grade mineralization encountered in NAK23-17,
drilled at a shallower angle toward the southeast.
NAK25-78 traversed across the South Zone and
demonstrates that high-grade mineralization extends from near surface to depth. The results confirm
broad, continuous mineralization and expand the South Zone both to the northwest and southeast.
Importantly, this hole provides critical geological information, significantly improving the Company's
understanding of the South Zone geometry, which now appears to host a significant high-grade core with
mineralization extending in multiple directions.
View NAK25-78 in NAK Online 3D Viewer (
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View NAK25-78 in Clean Cross Section (
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View NAK25-78 Location in Plan Map
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Hole NAK25-78 was planned in conjunction with NAK25-80, which aimed to demonstrate continuity from
the gold-rich, near-surface mineralization delineated 450 m to the east of NAK25-78, with the now better-
defined deeper, high-grade zone to the west. Holes NAK26-78 and -80 will provide additional
confidence in modeling the high-grade mineralization geometry and better inform the Company's
understanding of the various mineralization phases that comprise the broader South Zone. The results
from Hole NAK25-80 will inform the design of an aggressive follow-up drill program and advance the
South Zone toward an initial resource assessment. The Company believes the South Zone could
represent an initial area of development, with the potential to support the advancement of the broader,
large-scale mineralized system.
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 Zone's dimensions extend over 700 m in the east-west direction, 500
m in the north-south direction, and over 800 m in depth, with the system's bounds still unknown. The holes
drilled in the 2025 season have contributed to a high-confidence, substantial increase in the zone
compared with previous drilling seasons. Strong potential for expansion remains, specifically 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.
"These results should significantly improve investor understanding of the scale, continuity, and
significance of the South Zone. The strength and consistency of mineralization observed to date
reinforces our view that the South Zone represents a high-grade core within a much larger project," said
CEO Anthony Moreau.
Watch: Webinar with Anthony Moreau and Neil Prowse Discussing the Significance of These
Results
NAK25-62 Assay Results (Table 1) and Details
*
Hole
From
To
Length
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-
78
54
856
802
0.31
0.27
1.2
132
0.71
Including
NAK25-
78
298
586
288
0.42
0.49
1.7
186
1.10
Within
NAK25-
78
211
586
375
0.37
0.45
1.4
200
1.01
Within
NAK25-
78
211
856
645
0.36
0.31
1.4
155
0.82
And
NAK25-
78
738
856
118
0.60
0.19
2.5
120
0.93
*
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. The reported intervals represent drill intercepts, and
insufficient data are available at this time to state the true thickness of the mineralized intervals.
NAK25-78
was drilled at a moderate inclination to the southeast, from the same collar as NAK24-18,
and approximately 125m north of the strongest previously encountered mineralization at the South Zone.
NAK25-78 collared into a package of interbedded sandstone, siltstone, and conglomerate to a depth of
211 m, encountering sporadic copper/gold mineralization taking the form of local zones of dense
chalcopyrite veining and enveloping disseminations.
From 211 m to 525 m, an increase in grade coincides with the presence of the middle conglomerate at
NAK as host, characterized by a sharp increase in the density and consistency of both vein-hosted and
disseminated chalcopyrite, bornite, and local molybdenite. The conglomerate is intruded by meter-scale
variably and locally strongly mineralized porphyry dikes, including a bornite-mineralized sparsely
plagioclase porphyritic monzonite between 422 and 427 m.
Below 525 m, medium- to coarse-grained sandstone interbedded with thin layers of fine-grained
sandstone and siltstone is the predominant host to the end of the hole. Strongly disseminated and vein-
hosted bornite and chalcopyrite mineralization are remarkably consistent down to a depth of 586 m, and
are associated with dark, magnetite-biotite alteration. Local zones of overprinting clay alteration also
occur and are commonly associated with semi-massive chalcopyrite-molybdenite veining.
Mineralization decreases between 586 and 738 m, but picks up again sharply thereafter, down to
approximately 850m, with chalcopyrite and bornite matrix- and clast-replacement occurring within the
lower concretion-bearing sandstone, and with the mineralization being both closely associated with, and
occurring within, fine-grained diorite dikes and(or) sills. Below 856 m, sulfide speciation transitions
sharply to pyrite-dominant, and copper grades decrease.
Collar details for holes in this release (table 2):
Hole
UTM_Grid
UTM_East
UTM_North
Azimuth
Inclination
TD (m)
NAK25-78
NAD83_Z9
674961
6129472
125
-58
924
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. American Eagle
Gold completed an aggressive 31,500 metre drill program in 2025 designed to expand and improve the
mineral footprint; assays are currently being received.
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 $25 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/281589