American Eagle Extends South Zone Discovery by over 300 Metres; Returns 91 m of 1.53% CuEq Within 167 m of 1.06% CuEq
American Eagle Extends South Zone
Discovery by over 300 Metres; Returns 91 m of
1.53% CuEq Within 167 m of 1.06% CuEq
Highlights:
South Zone Expansion:
NAK25-57 intersected 167 m of 1.06% Copper Equivalent (CuEq), including 91 m of
1.53% CuEq, within 909 m averaging 0.41% CuEq from surface; this extends the
NAK25-46 discovery more than 100 m west.
NAK25-52 extends the high-grade NAK25-48 discovery by over 200 metres to the
east, returning 85 m of 0.92% CuEq.
Holes -57 and -52, together, extend the east-west strike length of the zone originally
defined by NAK25-48 (77 m of 1.78% CuEq within 140 m averaging 1.23% CuEq) and
NAK25-46 (97 m of 0.89% CuEq) to almost 500 metres.
The South Zone continues to demonstrate strong potential for a large, high-grade system
open to expansion both at surface and at depth.
Toronto, Ontario--(Newsfile Corp. - December 11, 2025) - American Eagle Gold Corp. (TSXV: AE)
(OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to report that recent drilling has
expanded the high-grade South Zone at its NAK copper-gold porphyry project in British Columbia,
Canada.
Drill holes NAK25-57 and NAK25-52 intersected significant intervals of high-grade mineralization,
extending the high-grade South Zone discovery in NAK25-46 and NAK25-48 (
news release here
) to
almost 500 metres in an east-west direction.
The South Zone remains open along strike, with follow-up
drilling already undertaken to further define its continuity and to expand it both down- and up-dip.
"These latest drill results at NAK underscore the exceptional potential of this large-scale copper-gold
system," said Anthony Moreau, CEO of American Eagle. "We are defining and expanding a high-grade
core at depth that appears to feed into the extensive near-surface mineralization. It is evident that high-
grade mineralization is extensive at depth, and that it may show strong continuity with surface zones and
thereby confirm the significance of this discovery and the NAK Project."
View Cross Section of Expanding High Grade South Zone
View Interactive 2D Map of NAK
View Interactive 3D Model of NAK
View Core Photos for Released Holes
Watch: Webinar with Anthony Moreau, Charlie Greig and Neil Prowse
NAK25-NAK25-57 Assay Results (Table 1) and Details
*
Hole
From
To (m)
Length (m)
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-57
776
867
91
0.70
0.7
3.1
323
1.53
Within
NAK25-57
776
943
167
0.51
0.47
2.2
277
1.06
Within
NAK25-57
603
867
264
0.38
0.38
1.5
177
0.79
Within
NAK25-57
603
943
340
0.36
0.31
1.4
187
0.73
Within
NAK25-57
44
953
909
0.20
0.18
1.2
85
0.41
Cross Section
|
View Hole Location
*
Copper Equivalent (CuEq) shown in Tables for drill intercepts are calculated on the basis of US$ 3.75/lb for Cu, US$
1,900/oz for Au
, US$ 25/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]) + (Ag grade in g/t x
(Ag recovery / Cu recovery) x [Ag price ÷ 31] / [Cu price x 2200] + (Mo grade in %
x (Mo
recovery / Cu recovery) x [Mo price x 2200] / [Cu price x 2200]). The assays have not been capped
.
NAK25-57 was drilled to the west-northwest to test the continuity of mineralization to depth from a collar
location approximately 400 m southeast of the near surface high-grade South Zone.
Moderate grade
mineralization from surface gave way abruptly at approximately 600 metres downhole to consistently
higher grades characterized by disseminated and vein-hosted chalcopyrite and bornite mineralization
within dark magnetite-biotite altered sandstone and conglomerate.
As the drill hole traversed farther to the west, the tenor of mineralization decreased, being characterized
by an increase in the relative proportions of pyrite and pyrrhotite versus chalcopyrite.
The location of the strongest mineralization in this hole pushes the known extent of deep, high-grade
mineralization over 100 m west of the strong zone intersected in NAK25-46.
The zone remains open at
depth to the north, where there has been little testing of what appears in part to be a sub-horizontal
higher grade body.
NAK25-52 Assay Results (Table 2) and Details*
Hole
From
To (m)
Length (m)
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-52
687
772
85
0.66
0.15
4.0
173
0.92
Within
NAK25-52
425
772
347
0.26
0.09
1.4
97
0.40
Within
NAK25-52
11
854
843
0.14
0.05
0.8
62
0.23
Cross Section
|
View Hole Location
NAK25-52 was collared from the same location as NAK25-49, approximately 200 m south of the
historical near-surface South Zone mineralization, and drilled steeply to the east.
Similar to NAK25-57,
the upper 425 m of the hole returned low to moderate grades, with local high-grade spikes hosted within
late cross-cutting dykes and mixed fine- to coarse-grained sedimentary rocks, giving way down hole to
more consistently mineralized conglomerate.
From 687 m to 772 m, mafic dyking with conspicuous irregular bornite veining and associated
disseminated sulphides were consistent with the style of mineralization encountered in NAK25-48; this
intercept extends the sub-horizontal zone of high-grade mineralization over 200 m to the east.
NAK25-51 Assay Results (Table 3) and Details*
Hole
From
To (m)
Length (m)
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-51
8
111
103
0.18
0.18
1.6
11
0.33
Cross Section
|
View Hole Location
NAK25-51 was collared from the same location as NAK25-48, and drilled shallowly to the west. It was
designed, in part, to help test the eastern and northern limits to near-surface, high-grade mineralization
at the historical South Zone.
The hole returned an intercept of moderate grade from consistent copper-
and gold-bearing vein mineralization from surface to a depth of 111 m, where more sparsely mineralized
rocks of the Babine porphyry stock were encountered.
While a significant focus for the Company's 2025 drilling was toward strong mineralization at depth to the
west and south of the historical South Zone, the testing of the area farther north and east was limited to
short historical drill holes. The results form NAK25-51 indicate that additional potential remains for
expansion of the near-surface mineralization in that direction with systematic step-out drilling.
NAK25-50 Assay Results (Table 4) and Details*
Hole
From
To (m)
Length (m)
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq %
NAK25-50
131
382
251
0.21
0.03
1.0
85
0.29
Within
NAK25-50
13
564
551
0.13
0.03
0.78
48
0.19
Cross Section
|
View Hole Location
NAK25-50 was collared from the same location as NAK25-52 (see above) and was drilled shallowly to
the southwest.
It encountered interbedded sandstone and siltstone at the top of hole, then conglomerate
between 80 and 380 m down hole, before ending in sandstone at a depth of 564 m. As is common at
NAK, the strongest mineralization was hosted in the conglomerate, and it consisted of variably dense
disseminations, with local matrix and/or clast replacement by chalcopyrite.
As with drill hole NAK25-57
(again, see above) sulphide speciation changed as the hole traversed farther southwest, from more
chalcopyrite-rich to pyrite-dominant with a concomitant decrease in grade; this gives the Company a
better understanding of the limits to mineralization and the extent of the system to the south and west.
NAK25-54 Assay Results (Table 5) and Details*
Hole
From
To (m)
Length (m)
Cu %
Au g/t
Ag g/t
Mo ppm
CuEq (%)
NAK25-54
28
233
205
0.08
0.04
0.5
36
0.15
Cross Section
|
View Hole Location
NAK25-54 was collared approximately 100 m west of NAK25-15, and was drilled shallowly to the west,
much like NAK25-50, and with the similar aim of further testing the limits of the NAK mineralizing system.
The hole collared in sandstone that was cut by feldspar porphyritic dykes, primarily hosting disseminated
pyrite, but locally exhibiting zones richer in chalcopyrite.
Farther downhole, at a depth of approximately
150 m, the abundance of chalcopyrite increased, coinciding with a transition from host sandstone to
conglomerate. Chalcopyrite continued as the dominant sulphide down to a depth of 233 m, where the
sulphide speciation changed back to pyrite and/or pyrrhotite dominant.
Collar details for holes in this release (table 6):
Hole
UTM_Grid
UTM_East
UTM_North
Azimuth
Dip
Depth (m)
NAK25-50
NAD83_Z9
675297
6129153
225
-60
564
NAK25-51
NAD83_Z9
675506
6129443
260
-55
368
NAK25-52
NAD83_Z9
675298
6129157
90
-80
854
NAK25-54
NAD83_Z9
675112
6129214
265
-55
383
NAK25-57
NAD83_Z9
675620
6129124
270
-44
990
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 centimetres long and
no greater than 3 metres 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 almost the entirety of the planned 30,000-metre drill program completed, and
over 40 holes drilled. Three drills are actively operating, including one helicopter-supported hole, and
work is expected to be completed in mid-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 strategic
investments made in the past several years, by 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
Charles Beaudry, M.Sc., P.Geo., géo. 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/277709