American Eagle Intercepts 175 m of 1 g/t Gold Eq, 275 m of 0.9 g/t Gold Eq and 108 m of 1 g/t Gold Eq, All from Surface at NAK

Core Insights - American Eagle Gold Corp. has reported significant assay results from its NAK project, indicating a substantial expansion of the high-grade "Gold Zone" with multiple drill holes returning over 100 meters of gold equivalent from surface [2][3][4]. Gold Zone Highlights - Drill hole NAK24-23 intercepted 175 meters of 1.03 g/t AuEq from surface, including 40 meters of 2.01 g/t AuEq [2][3]. - Drill hole NAK24-21 intercepted 275 meters of 0.9 g/t AuEq from surface, including 130 meters of 1.10 g/t AuEq [2][3]. - Drill hole NAK24-19 intercepted 108 meters of 1.00 g/t AuEq from surface, within a broader interval of 191 meters at 0.76 g/t AuEq [2][3]. Ongoing Drilling Program - The current drill program is expected to continue through November 2024, with results being released as assays are received [5][24]. - Additional drill holes NAK24-24, -26, and -28 have visually confirmed further expansion of the Gold Zone, indicating continuity of mineralization [4][13][14]. Infrastructure and Economic Viability - The NAK project benefits from excellent infrastructure, including all-season roads and proximity to towns, which enhances its economic viability compared to other porphyry projects [3][29]. - The company emphasizes the importance of near-surface high-grade gold and copper resources in unlocking the project's economic potential [3][4]. Historical Context and Future Potential - The NAK project is located within the Babine copper-gold porphyry district, with historical drilling revealing a large near-surface copper-gold system [29]. - The ongoing exploration aims to link and expand upon historical mineralization, with significant intervals of high-grade copper-gold mineralization identified in recent drilling [24][29].