American Eagle Identifies Potential New Mineralized Trends, Refines 2025's Drill Targeting with Magnetic Survey
American Eagle Identifies Potential New
Mineralized Trends, Refines 2025's Drill
Targeting with Magnetic Survey
Toronto, Ontario--(Newsfile Corp. - May 15, 2025) - American Eagle Gold Corp. (TSXV: AE) (OTCQB:
AMEGF) ("American Eagle" or the "Company") is pleased to announce the interpretation of data from
the recently completed airborne magnetic survey ("mag survey") over the entirety of its 100%-owned
NAK copper-gold porphyry project ("NAK") in British Columbia.
The survey results have delivered critical structural insights that advance American Eagle's
understanding of the mineralized system at NAK, located in British Columbia's Babine Porphyry belt.
Magnetic Survey Has Identified High-Priority Drill Targets
American Eagle has integrated data from a 3-axis Gradient Magnetometer Survey, flown last month (
see
fig.1
), with its geological model. Prominent fabrics are visible in the resulting filtered data (
see fig.2
), and
some appear to closely match the modeled orientations of several phases of relatively young, strongly-
mineralized chalcopyrite- and bornite-bearing porphyry dikes recognized at NAK.
Exploring What Was Accepted as 'The Babine Porphyry Stock'
These young porphyry dikes are the most well-mineralized intrusive phases recognized to date, and the
related structural-magmatic-mineralized trends continue well beyond where they have been drill-tested.
Similar trends also occur within the bounds of what was historically known as the Babine porphyry stock,
a relatively untested, somewhat older intrusion that underlies a significant proportion of the central part of
the property, and which lies immediately east of the main area of focus for the Company's 2022-24
drilling.
Further interpretation of the data (
see fig.3
)
appears to identify
other, younger mineralized dike trends, or
possible phases of the historically known Babine porphyry stock, which the Company's work is now
revealing as a composite body.
Figure 1
is a map of the total magnetic intensity (TMI), providing context for the more detailed magnetic
regions at NAK.
View Figure 1: Total magnetic intensity map for the NAK property.
Figure 2
depicts the second vertical derivative of reduced-to-pole magnetic data. North-northwest
trends are highlighted and are clearly visible. They at least in part show a strong correlation with the
orientations of a number of mineralized dykes while projecting well beyond the bounds of previous
systematic drill testing and have been used in conjunction with the geological modelling in planning the
Company's 2025 drill program.
View Figure 2: Second vertical derivative of reduced-to-pole magnetic data
Figure 3
shows the interpreted map of the Gradient Magnetic Survey Analytical Signal, which may more
accurately display coherent zones of remnant magnetism by filtering of the total magnetic intensity data.
Note the presence of discrete magnetic lineaments within, and extending out from, the historical outline
of the Babine porphyry stock.
View Figure 3: Interpreted map of the Gradient Magnetic Survey Analytical Signal
30,000 Metres of Drilling on NAK to Begin Imminently
American Eagle's 2025 drill campaign is expected to begin on May 25th, with mobilization to site
scheduled in less than a week. The 30,000 metre program is fully funded and backed by strategic
investments from South32 (view
here
) and Teck Resources (view
here
and
here
).
Upon completion, this
year's total meterage of drilling will nearly double the total meters drilled by the Company to date. It will
also rank among the most extensive single-season drill campaigns ever undertaken in British
Columbia's Babine region, reflecting the growing scale and momentum behind the exploration of the
NAK project.
"Building on our more than 30,000 metres drilled to date, the new magnetic survey of our property has
enhanced our ability to plan drill holes near historical sites and increased our confidence to pursue
ambitious step-outs. This approach aims to significantly expand the scale of known zones and target
additional higher-grade zones within and beyond them. With drilling scheduled to commence in less
than two weeks, our team is enthusiastic about what the 2025 season has in store,"
said Anthony
Moreau, CEO of American Eagle Gold.
2025 Drill Plan
The Company will release its 2025 drill plan in the coming days; it has been supported by a
comprehensive strategy developed in the off-season that will also be outlined.
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.
For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube
Chanel:
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 $37 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 '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, statements regarding whether the
Company will be able to complete the Offering as anticipated, the receipt of regulatory approval,
including the approval of the TSX Venture Exchange, to complete the Offering, the intended use of
proceeds and intended 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/252203