American Eagle Gold Commences 2024 NAK Drill Program

Core Viewpoint - American Eagle Gold Corp. has initiated a 15,000-metre drill program at its NAK copper-gold porphyry property in British Columbia, aiming to explore and expand upon previously identified mineralization zones [1][2][3]. Group 1: Drill Program Details - The drill program will utilize a single diamond drill rig initially, with a second rig expected to arrive within two weeks [2] - The program will focus on geological and geophysical signatures, including resistivity and chargeability anomalies identified by a 2024 induced polarization survey [2] - The company has approximately $15,000,000 in its treasury, allowing for potential expansion of the drill program based on results [2] Group 2: Geological Insights - The 2024 drill program aims to enhance understanding of the relationship between Eocene dikes and sills with host rocks, contributing to the development of geological models for the NAK mineralized system [3] - Historical drilling has revealed a significant near-surface copper-gold system measuring over 1.5 km x 1.5 km, with recent drilling indicating deeper mineralization extending to considerable depths [4] Group 3: Historical Drilling Results - Previous drilling in 2022 and 2023 returned significant intervals, including 900 metres of 0.50% Copper Equivalent from surface in the North zone and 302 metres of 1.09% within 606 metres of 0.74% Copper Equivalent starting from 98 metres downhole in the South Zone [3] - The program will also focus on connecting and expanding the historical North and South zones, which have shown considerable mineralization potential [3][4]