American Eagle Gold drills 802 m of 0.71% CuEq at Nak

Executive Summary

• American Eagle Gold Corp. reported significant drill results from hole NAK25-78 at its 100%-owned Nak project in British Columbia, intersecting 802 metres of 0.71% CuEq from surface.
• The results include a 375-metre high-grade interval of 1.01% CuEq starting at 211 metres downhole, demonstrating continuous, near-surface mineralization with minimal internal dilution.
• The discovery materially expands the South zone's dimensions to approximately 700m east-west, 500m north-south, and over 800m vertically, positioning it as a potential early-stage development area and advancing the project toward an initial resource assessment.

Key Details

• Drill Intercepts (NAK25-78): 802 m of 0.71% CuEq from surface, including 375 m of 1.01% CuEq (starting at 211 m downhole) and 645 m of 0.82% CuEq.
• South Zone Expansion: Dimensions now extend ~700 m east-west, 500 m north-south, and >800 m vertically, with system bounds still open.
• Geological Host & Mineralization: Mineralization occurs in interbedded sandstone, siltstone, and conglomerate, with increased density of chalcopyrite, bornite, and molybdenite coinciding with a middle conglomerate host and metre-scale porphyry dikes.
• Mineralization Continuity: Strong, consistent disseminated and vein-hosted bornite/chalcopyrite mineralization persists down to 586 m, with a sharp transition to pyrite-dominant mineralization below 856 m.
• QA/QC Protocols: Core samples analyzed at ALS Geochemistry (ISO/IEC 17025 accredited); Au via fire assay/ICP-AES; Cu, Ag, Mo & 45 other elements via four-acid digestion/ICP-MS; sample lengths 70 cm to 3 m; 10% QA/QC batch frequency with standards passing within 3 standard deviations.
• Future Drilling & Resource Timeline: Hole NAK25-80 results will inform an aggressive follow-up drill program and advance the South zone toward an initial resource assessment.
• Project Context: Nak project lies in the Babine copper-gold porphyry district, BC, with a historical 1.5 km x 1.5 km system; 2025 drill program totaled 31,500 m; company holds >$25M in cash with strategic backing from Teck Resources and South32.

Notable Quotes

• "These results should significantly improve investor understanding of the scale, continuity and significance of the South zone. The strength and consistency of mineralization observed to date reinforces our view that the South zone represents a high-grade core within a much larger project," said CEO Anthony Moreau.