TORONTO, Aug. 22,
2022 /CNW/ - American Eagle Gold Corp. (TSXV: AE)
("American Eagle" or the "Company") is pleased to
announce that drilling has commenced at its NAK Copper-Gold
Porphyry project ("NAK") located northeast of Smithers, British Columbia.
About NAK's Drill
Program
NAK is a classic porphyry target 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 geochemistry, 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 copper-gold system. Copper-gold porphyry
mineralization at NAK is open in all directions and 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 on 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 & Associates, 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.
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 Project 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 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
