American Eagle begins helicopter phase at NAK

Executive Summary

• American Eagle Gold Corp. has launched the helicopter‑supported portion of its 2025 exploration program at the NAK project, adding a third drill rig and commencing drilling on Sept. 4.
• The program targets four priority zones (East‑central, IP Embayment, Northwestern, Deep Southeast) to test newly identified geophysical‑geochemical anomalies beyond current drill limits.
• To date, ~13,000 m of the planned 30,000 m have been completed (≈40 % of the season), with drilling expected to continue through December and assay results to be released into 2026.

Key Details

• Third Drill Rig Mobilized: Arrived on site in late August 2025; enables simultaneous helicopter‑supported step‑out drilling.
• Helicopter‑Supported Drilling Start Date: Sept. 4, 2025.
• Target Zones & Rationale:
• East‑central: Defined by remodeled geophysical data, historic 1990s drill holes, and soil anomalies up to 1,180 ppm Cu and 0.29 g/t Au.
• IP Embayment Zone: Follow‑up drilling off NAK23‑09 pad; previous intercept of 117 m @ 0.40 % CuEq from surface within a 638.4 m interval averaging 0.22 % CuEq.
• Northwestern: Extends east‑northeast‑trending chalcopyrite dikes identified in 2024‑25 to better define mineralized structures.
• Deep Southeast: ~2.5 km SE of main drill area; targets deep resistivity anomaly within NAK IP chargeability ring and a magnetic trend possibly linking to the Dorothy‑Duke system.
• Drilling Strategy:
• Helicopter‑supported step‑out holes in all four zones; additional skid‑rig holes in East‑central and Northwestern accessed via exploration trail to free up helicopter capacity.
• Program Progress:
• ~13,000 m drilled (≈40 % of 30,000 m target).
• Approximately 40+ drill holes planned; only four assay results pending release.
• Drilling to continue through Dec 2025; assays expected throughout 2026 with new results forthcoming soon.
• Financial Backing: Company holds >$36 M cash, supported by strategic investors Teck Resources and South32, providing sufficient funding for the full drill program.

Notable Quotes

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