American Eagle Extends High-Grade Near-Surface Mineralization with Multiple +1% Copper Equivalent Intercepts; Confirms Continuity of Mineralization >1km Along Trend

Core Insights - American Eagle Gold Corp. has confirmed the extension of high-grade mineralization at the NAK project, with significant copper equivalent (CuEq) intercepts reported from recent drilling [2][3][4] - The NAK project is characterized by a well-mineralized system with dimensions extending over 1.2 kilometers north-south and 350 meters east-west, indicating substantial growth potential [3][4] - The company aims to further delineate higher-grade near-surface mineralization and expand the system through ongoing drilling efforts [3][4] Drilling Highlights - NAK24-28 intersected 101 meters of 1.11% CuEq from 47 meters depth, confirming high-grade mineralization extending eastward [2][6] - NAK24-26 extended the gold-enriched zone with 50 meters of 1.01% CuEq from surface, indicating continuity of mineralization [2][10] - NAK24-24 confirmed connectivity between the North and South Zones with 906 meters of 0.36% CuEq from surface, emphasizing the size and bulk grade potential of the system [2][12] Mineralization Characteristics - The mineralization at NAK is primarily hosted in sedimentary rocks and mafic dykes, with broad intervals of disseminated and vein-hosted copper minerals [5][10] - Recent drill holes have encountered various mineralization styles, including chalcopyrite and bornite, suggesting a complex and rich mineral system [5][10] - The project benefits from favorable geographic conditions, including low-lying terrain and excellent road access, enhancing its exploration potential [4][17] Future Exploration Plans - The company plans to continue drilling to expand the mineralized footprint and better understand the newly discovered high-grade zones [3][4] - Future drilling will focus on both the northern and southeastern extensions of the mineralization, aiming to unlock the full potential of the NAK project [3][4] - The ongoing exploration efforts are expected to provide further insights into the economic viability of the project [3][4]