American Eagle Updates on Cerros Rojos Project
American Eagle Updates on Cerros Rojos Project
Toronto, Ontario – August 26, 2022 – American Eagle Gold Corp. ( AE: TSXV) ("American Eagle" or the
"Company") announces that it has fully exited Nevada with the termination of the Cerros Rojos
("Property") agreement. With that, 100% of the Company's focus will be on its current drill program at its
NAK Copper-Gold Porphyry project ("NAK") located northeast of Smithers, British Columbia. American
Eagle would also like to confirm that it does not intend to change the corporation's name.
About NAK's Drill Program
NAK is a classic porphyry targ et exhibiting many signs of a robust copper-gold system. Previous owners
partially defined a large shallow copper-gold mineralization that is open in all directions. Reinterpretation
of historical ZTEM , IP, magnetics, soil g eochemistry, and drilling data defined several compelling and
untested exploration targets, which will be tested by 4-6 vertical holes of approximately 800 metres in
length.
Previous drilling has intersected wide intervals of copper-gold mineralization, including DH95 -15, which
returned a grade of 0.35% Cu and 0.645g/t Au over a width of 168.5 metres starting 5.5 metres from the
surface (see table for historical drill results). The Company believes the key to advancing the NAK project
will be to extend existing mineralization to depth.
Click Here to View AE's 4-minute NAK Webinar
About the NAK Project
NAK is in the Babine Copper-Gold Porphyry District of British Columbia (click here to view) and is a classic
porphyry target that exhibits all the signs of a large coppe r-gold system. Copper-gold porphyry
mineralization at NAK is open in all directions . It is defined by a compelling geophysical signature
analogous to Newcrest's Red Chris Mine and Newmont's Saddle deposit located in Northwest BC.
For detailed information o n the NAK property's geological and geophysical interpretation, refer to the
Company's Projects page here. To view drill targets, please click here.
Video with Charlie Greig, winner of 2022 PDAC Bill Dennis Ward, on the potential he sees at
NAK Project.
About American Eagle Gold Corp.
American Eagle trades under the AE symbol on the TSX Venture Exchange. American Eagle is focused on
exploring its NAK project in the Babine Copper -Gold Porphyry district in central British Columbia. The
Company is fully funded for NAK's 2022 exploration program and is currently permitted to drill. American
Eagle has contracted C.J. Greig and Associates to advise and execute the Company's exploration program
at NAK. Geologist and president of C.J Greig & Associa tes, Charlie Greig, is a recipient of the prestigious
2022 Bill Dennis Award, recognizing his contribution to the prospecting and exploration industry or a
significant mineral discovery.
QP Statement
Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and 'qualified person' for Canada's
National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the
information contained in this news release.
Anthony Moreau, Chief Executive Officer
Phone: 416.644.1567
Email: [email protected]
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 whether the Company will be able
to exercise its option to acquire the Project as anticipated and whether the Company's exploration efforts
on the Pro ject produce the results that are anticipated by management . 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 req uired 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.