American Eagle Gold Delivers Multiple High-Grade Copper Equivalent Intercepts at NAK

Core Insights - American Eagle Gold Corp. continues to report significant high-grade copper-gold mineralization at its NAK project, with drill hole NAK24-33 revealing multiple intercepts within a 505-meter section at 0.52% Copper Equivalent (CuEq) [1][3][20] - The company has confirmed the presence of a large, continuous mineralized system connecting the North and South zones, with ongoing drilling expected to further define the extent of this resource [2][10][11] Drill Results - NAK24-33 intercepted: - 50 meters of 1.00% CuEq - 104 meters of 0.78% CuEq - 103 meters of 0.67% CuEq - 505 meters of 0.52% CuEq - 888 meters of 0.40% CuEq [1][4] - NAK24-34 intercepted: - 80 meters of 0.75% CuEq - 323 meters of 0.36% CuEq [1][12] - NAK24-32 intercepted: - 87 meters of 0.33% CuEq - 222 meters of 0.25% CuEq - 496 meters of 0.22% CuEq [1][14] Financial Position - The company has a treasury of $37 million, bolstered by a recent $29 million investment from South32, providing the necessary resources to explore the full potential of the NAK property [3][22] Project Overview - The NAK project is located in the Babine copper-gold porphyry district of British Columbia, with historical drilling revealing a large near-surface copper-gold system measuring over 1.5 km x 1.5 km [20] - Recent drilling has indicated that significant intervals of high-grade mineralization extend beyond historical drilling depths, suggesting the presence of both near-surface and deeper mineralization [20]