American Eagle Secures 100% Ownership of the NAK Copper-Gold Porphyry Project in BC

Core Viewpoint - American Eagle Gold Corp. has successfully acquired 100% ownership of the NAK Copper-Gold Porphyry Project, marking a significant milestone in its exploration strategy and commitment to advancing this high-quality asset [2][3][9]. Acquisition and Ownership - The acquisition fulfills all obligations under the December 24, 2021, option agreement, with American Eagle issuing 1,000,000 common shares as part of the final payment [5][9]. - The NAK project is located in a prolific mining region of British Columbia and has already shown promising drill results, including 248 meters at 1.10% CuEq and 302 meters at 1.09% CuEq [3][9]. Exploration Plans - Over 80% of NAK's prospective ground remains untested, with a 30,000-meter drill program scheduled for 2025 [4][9]. - The company is fully funded with approximately $37 million in cash to support an aggressive multiyear exploration strategy [4][9]. Geological and Economic Potential - The NAK project features a large-scale porphyry system with significant resource potential, including high-grade copper and gold mineralization identified at surface [3][7]. - The project benefits from favorable geological and geographical conditions, such as road access, gentle topography, and proximity to infrastructure [7][18]. Community and Sustainability Commitment - American Eagle is dedicated to maintaining strong relationships with local stakeholders, including the Lake Babine Nation, and prioritizes transparent communication as exploration progresses [13]. Key Target Areas - The exploration will focus on several key zones, including the North Zone, Central Zone, and South Zone, with plans for step-out drilling to refine the orientation and extent of mineralization [8][10][11][15]. - The Northeast and Southeast Expansion Zones will also be immediate focuses for further exploration [15][16]. Technological and Methodological Approaches - The 2025 exploration program will include non-drilling initiatives such as geophysical surveys and metallurgical studies to enhance the project [12][17]. - Historical drill core will be re-logged and resampled to incorporate into the current exploration model [17]. Strategic Partnerships - The company has secured strategic investments from South32 and Teck Resources Limited, positioning it well for future growth and exploration [4][9][19].