American Eagle Gold Stock Price, News & Analysis

American Eagle Gold (TSXV: AE) has reported significant drilling results from its NAK Copper-Gold Project in British Columbia. The company intersected 73 meters of 0.89% Copper Equivalent (CuEq) within 277 meters of 0.4% CuEq from surface in the North Zone, confirming high-grade copper-gold mineralization extends to surface.

Additionally, in a major development, hole 25-59 has intercepted visually identified mineralization in a completely new area within the Porphyry Stock, located approximately 1.2 km east of the Main Zone. This discovery could significantly expand NAK's mineralized footprint. The company is currently operating with three drill rigs and has 20+ scheduled drill holes remaining, with next assay results expected imminently.

American Eagle Gold (TSXV: AE) has launched the helicopter-supported phase of its 2025 exploration program at the NAK property, adding a third drill rig to accelerate operations. The company has completed 13,000 meters of its targeted 30,000-meter drill program, with drilling expected to continue into December.

The program, supported by partners South32 and Teck Resources, targets four key zones: the East-Central Target Area, IP Embayment Zone, Northwestern Target Area, and Deep Southeast Target. Notable results include an intersection of 117 meters at 0.40% CuEq from surface within a broader interval of 638.4 meters averaging 0.22% CuEq at the IP Embayment zone.

The exploration program features extensive geophysical-geochemical surveys, with soil samples revealing up to 1,180 ppm Cu and 0.29 g/t Au. Assay results from the ongoing drilling campaign are expected to continue into 2026.

American Eagle Gold (TSXV: AE) has reported significant drilling results from its NAK copper-gold project, with notable intercepts expanding the near-surface South Zone. The highlight result comes from drill hole NAK25-41, which returned 644 metres of 0.50% copper equivalent (CuEq) from surface, including 387 metres at 0.61% CuEq.

Additional significant results include NAK25-42 with 207 metres of 0.57% CuEq from surface, and NAK25-39 with 182 metres of 0.35% CuEq. The South Zone expansion is particularly notable for its strong grades starting at surface, a rare feature in large-scale porphyry systems. The company has outlined a nearly two-kilometer-long mineralized corridor and plans to continue exploration with helicopter-supported drilling targeting other high-potential zones.

American Eagle Gold Corp has completed a private placement with South32, raising C$820,000 through the issuance of 1,156,000 charity flow-through common shares at C$0.71 per share. The proceeds boost the company's balance sheet to over $36 million and will fund exploration at the NAK copper-gold project in British Columbia. The 2025 drill program is advancing with two completed holes and two more in progress, focusing on expanding the gold-enriched southern Main Zone. The company plans to explore the copper-enriched northern Main Zone and is preparing to test new targets with potential helicopter support and a third drill rig. Recent magnetic survey data is being used to refine existing targets and identify new ones, which may lead to an expansion of the drilling program.

American Eagle Gold (AMEGF) announces South32's exercise of its 'top-up right' to maintain its 19.9% equity stake through a C$820,000 investment. The company will issue 1,156,000 charity flow-through shares at C$0.71 per share, with South32 participating as an end buyer. The investment follows American Eagle's recent acquisition of 100% of the NAK copper-gold project. CEO Anthony Moreau highlighted the company's strong financial position with over $36 million in capital and plans for an extensive drill program in 2025. The transaction is expected to close by June 11, 2025, subject to regulatory approvals. Additionally, the company completed a previously announced share repurchase and partial sale of its non-core royalty in the Kuta Ridge Gold Project.

American Eagle Gold (AMEGF) has launched a fully funded 30,000-metre drill program at its NAK copper-gold porphyry project in British Columbia. The 2025 campaign focuses on three main objectives: expanding high-grade, near-surface copper-gold in the Main Zone's south section, identifying new high-grade copper zones in the north and at depth, and exploring newly identified targets through step-outs. The program builds on previous success and incorporates input from South32's technical team and porphyry experts. The NAK project benefits from favorable logistics including road access, low elevation, and nearby infrastructure. The drilling campaign, which will continue into 2026, is fully funded with no additional capital requirements for the next few drill seasons.

American Eagle Gold Corp. (AMEGF) has completed an airborne magnetic survey at its NAK copper-gold porphyry project in British Columbia, revealing new mineralized trends and refining drill targets. The survey has identified prominent magnetic fabrics that align with strongly-mineralized chalcopyrite and bornite-bearing porphyry dikes. The company plans to begin a fully-funded 30,000-metre drilling program on May 25th, 2025, supported by strategic investments from South32 and Teck Resources. This campaign will nearly double the company's total drilling meters to date and represents one of the largest single-season drill programs in BC's Babine region. The magnetic survey data has enhanced the company's understanding of the mineralized system and provided increased confidence for ambitious step-outs beyond previously tested areas.

American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) has announced the release of an independent review of its wholly-owned NAK copper-gold porphyry project located in British Columbia. The review was conducted by Dr. Steve Garwin and is available in both video and presentation formats. The NAK project represents a copper-gold porphyry deposit, which is a type of mineral deposit typically associated with large-scale mining operations.

American Eagle Gold (TSXV: AE) (OTCQB: AMEGF) has announced a strategic transaction involving its Kuta Ridge Gold Project in Papua New Guinea. The company will sell two-thirds of its 3% Net Smelter Return (NSR) royalty to Precious Earth Resources in exchange for 500,000 American Eagle shares, which will subsequently be retired and cancelled.

The company will retain a 1% NSR in the Kuta Ridge project, which is strategically located near Barrick's Porgera Mine and K92's Kainantu Mine. The remaining NSR will not be subject to any buyback rights by Precious Earth. The transaction, expected to close in five business days, has received exemptive relief from the Ontario Securities Commission regarding issuer bid requirements.