American Eagle Commences Exploration Season at NAK

Core Insights - American Eagle Gold Corp. has initiated its 2025 exploration campaign with a helicopter-borne magnetic survey over its 100%-owned NAK copper-gold porphyry project in British Columbia [1][4] Exploration Campaign Details - The magnetic survey will cover 480 line-kilometres with 50-metre spacing, utilizing four sensors for improved resolution compared to the previous single sensor method [2] - The survey aims to enhance the understanding of the geological features and subsurface structures at NAK, helping to identify optimal drill targets [2][4] Drilling Plans - A fully funded 30,000-metre drilling campaign at NAK is set to begin in May 2025, which will exceed the total metres drilled by the company over the past three years combined [3] - This drilling campaign is expected to be one of the most extensive single-season efforts in British Columbia's Babine region, reflecting the project's growing scale and momentum [3] Project Background - The NAK Project is located in the Babine copper-gold porphyry district and has a significant near-surface copper-gold system measuring over 1.5 km x 1.5 km [5] - Historical drilling has revealed high-grade copper-gold mineralization, indicating the presence of both near-surface and deeper mineralization zones [5] Financial Position - The company is backed by over $37 million in cash, supported by strategic investments from Teck Resources and South32, ensuring it remains fully funded for at least another two years [6][4]