American Eagle Gold Announces Plans for 2025 Exploration at NAK
American Eagle Gold (TSXV: AE, OTCQB: AMEGF) has announced its 2025 exploration program for the NAK copper-gold porphyry project. The company plans a 30,000-meter drill campaign starting in May 2025, with a budget of $12-15 million. The program aims to expand mineralization across key zones including the North, Central, and South Zones.
With $37 million in cash, provincial tax credits, and strategic partnerships with Lake Babine Nation, South32, and Teck, the company is well-funded through 2026. The program includes geophysical surveys, metallurgical studies, historical core retrieval, and timber harvesting initiatives. The NAK Project benefits from road access, gentle topography, and proximity to infrastructure, with high-grade copper and gold mineralization identified at surface.
American Eagle Gold (TSXV: AE, OTCQB: AMEGF) ha annunciato il suo programma di esplorazione per il 2025 per il progetto di porfido di rame-oro NAK. L'azienda prevede una campagna di perforazione di 30.000 metri a partire da maggio 2025, con un budget di 12-15 milioni di dollari. Il programma mira ad espandere la mineralizzazione nelle zone chiave, tra cui le zone Nord, Centrale e Sud.
Con 37 milioni di dollari in cassa, crediti d'imposta provinciali e partnership strategiche con la Lake Babine Nation, South32 e Teck, l'azienda ha finanziamenti adeguati fino al 2026. Il programma include sondaggi geofisici, studi metallurgici, recupero di campioni storici e iniziative di raccolta di legname. Il progetto NAK beneficia di un accesso stradale, di una topografia dolce e della vicinanza alle infrastrutture, con mineralizzazione di rame e oro a elevata qualità identificata in superficie.
American Eagle Gold (TSXV: AE, OTCQB: AMEGF) ha anunciado su programa de exploración para 2025 para el proyecto de pórfido de cobre-oro NAK. La compañía planea una campaña de perforación de 30,000 metros que comenzará en mayo de 2025, con un presupuesto de 12-15 millones de dólares. El programa tiene como objetivo expandir la mineralización en zonas clave, incluyendo las zonas Norte, Central y Sur.
Con 37 millones de dólares en efectivo, créditos fiscales provinciales y asociaciones estratégicas con la Nación Lake Babine, South32 y Teck, la compañía está bien financiada hasta 2026. El programa incluye estudios geofísicos, estudios metalúrgicos, recuperación de núcleos históricos e iniciativas de cosecha de madera. El Proyecto NAK se beneficia de acceso a carreteras, topografía suave y proximidad a la infraestructura, con mineralización de cobre y oro de alta calidad identificada en la superficie.
아메리칸 이글 골드 (TSXV: AE, OTCQB: AMEGF)는 NAK 구리-금 화성암 프로젝트에 대한 2025년 탐사 프로그램을 발표했습니다. 이 회사는 2025년 5월부터 시작되는 30,000미터 시추 캠페인을 계획하고 있으며, 예산은 1,200만에서 1,500만 달러로 설정되어 있습니다. 이 프로그램은 북부, 중앙 및 남부 구역을 포함한 주요 구역에서 광물화의 확장을 목표로 합니다.
3,700만 달러의 현금, 지방 세금 공제 및 Lake Babine Nation, South32, Teck와의 전략적 파트너십을 통해 회사는 2026년까지 충분히 자금을 확보하고 있습니다. 프로그램에는 지구 물리학 조사, 금속 공학 연구, 역사적 코어 회수 및 목재 수확 이니셔티브가 포함됩니다. NAK 프로젝트는 도로 접근성과 완만한 지형, 인프라 근접성 덕분에 혜택을 보며, 표면에서 고급 구리 및 금 광물화가 확인되었습니다.
American Eagle Gold (TSXV: AE, OTCQB: AMEGF) a annoncé son programme d'exploration pour 2025 pour le projet de porphyre de cuivre-or NAK. La société prévoit une campagne de forage de 30 000 mètres débutant en mai 2025, avec un budget de 12 à 15 millions de dollars. Le programme vise à élargir la minéralisation dans des zones clés, y compris les zones Nord, Centrale et Sud.
Avec 37 millions de dollars en espèces, des crédits d'impôt provinciaux et des partenariats stratégiques avec la Lake Babine Nation, South32 et Teck, la société est bien financée jusqu'en 2026. Le programme comprend des enquêtes géophysiques, des études métallurgiques, la récupération de carottes historiques et des initiatives d'exploitation forestière. Le projet NAK bénéficie d'un accès routier, d'une topographie douce et de la proximité des infrastructures, avec une minéralisation de cuivre et d'or de haute qualité identifiée à la surface.
American Eagle Gold (TSXV: AE, OTCQB: AMEGF) hat sein Erkundungsprogramm für 2025 für das NAK Kupfer-Gold-Porphyr Projekt angekündigt. Das Unternehmen plant eine 30.000-Meter-Bohrkampagne, die im Mai 2025 beginnen soll, mit einem Budget von 12-15 Millionen Dollar. Das Programm zielt darauf ab, die Mineralisierung in wichtigen Zonen wie den Nord-, Zentral- und Süd-Zonen zu erweitern.
Mit 37 Millionen Dollar in bar, provinziellen Steuervergünstigungen und strategischen Partnerschaften mit der Lake Babine Nation, South32 und Teck ist das Unternehmen bis 2026 gut finanziert. Das Programm umfasst geophysikalische Erhebungen, metallurgische Studien, historische Kernrückgewinnung und Initiativen zur Holzernte. Das NAK-Projekt profitiert von Straßenanbindungen, sanften Topographien und der Nähe zur Infrastruktur, wobei an der Oberfläche hochgradige Kupfer- und Goldmineralisierungen identifiziert wurden.
- Strong cash position of $37 million ensuring funding through 2026
- Extensive 30,000-meter drill program planned with $12-15M budget
- Project has existing infrastructure access and favorable topography
- High-grade copper and gold mineralization already identified at surface
- None.
Toronto, Ontario--(Newsfile Corp. - February 6, 2025) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce its 2025 exploration program for the NAK copper-gold porphyry project. The Company plans an extensive drill campaign of approximately 30,000 meters, targeting key mineralized zones and newly identified geophysical anomalies within and around the Babine porphyry stock. Drilling is set to begin in May.
American Eagle's 2025 exploration program is designed to further delineate and expand mineralization, unlocking the potential of this large and complex system. The Company's geologists are refining the NAK geological model, integrating hyperspectral and mineralogical data for precise drill planning. Collaborating closely with its strategic investors, American Eagle will provide ongoing updates on modeling and targeting as the May 2025 drill season approaches.
Click to View Plan Map with 2025 Target Zones
Click to View Interactive NAK Map
Financial Strength and Budget
The 2025 drill program has a budget of
Near Surface Mineralization
A primary objective for 2025 is to further define and expand near-surface mineralization further, enhancing the project's economic potential. NAK offers a rare combination of geological and geographical advantages that American Eagle will leverage. Unlike many other porphyry prospects, the NAK Project benefits from road access, gentle topography, low elevation, and proximity to infrastructure. High-grade copper and gold mineralization has already been identified at surface, with significant potential for additional discoveries across the property.
Key Targets Within the Main Zones
North Zone:
Historically defined by near-surface vein and disseminated chalcopyrite mineralization in sedimentary rocks.
Expanded in 2022-2023 to include deeper bornite-rich conglomerate and monzonite dykes.
2024 drilling extended the zone northeast, encountering broad intervals of seriate-textured dykes with disseminated bornite.
The Northeast Expansion Zone will be an immediate and large focus to expand the North Zone, which remains open to the north, east and at depth, with step-out drilling planned to refine its orientation and extent.
Central Zone:
- The Central Zone links the historical North and South zones. It returned significant intercepts at depth in all of American Eagle's 2022-24 drilling, but little systematic drilling has been undertaken to date at shallower depths, up-dip of those intersections.
South Zone:
Hosts a large-scale gold-rich quartz stockwork mineralized body at surface.
Drilling will link the mineralized conglomerate intersected in NAK24-17 and -31 with the broader South Zone.
Step-Out Targets and Emerging Zones
The Southeast Expansion Zone, south of the Babine porphyry, returned long intervals of anomalous gold and copper in NAK22-09 and -36. Soil sampling and mineralized outcrops indicate further potential.
The East Expansion Zone will utilize additional geophysical surveys to refine targets within and around the Babine porphyry, with scout drilling planned to test these areas.
Exploration Beyond Drilling
The 2025 program will incorporate several non-drilling initiatives that will enhance the project.
Geophysics: Aeromagnetic surveying and Controlled-Source Audio Magnetotellurics (CSAMT) to refine targets in underexplored areas north, south, and east of the Babine Stock.
Metallurgical Studies: Testing targeted drill core to assess recovery characteristics across different mineralization styles.
Core Retrieval: Historical drill core (predating American Eagle Gold) for drill holes with significant shallow Main Zone intersections is stored on the NAK property and appears to be in good shape. The Company will relog and resample this core to incorporate it into its model.
Timber Harvesting: Collaborating with local logging groups and the Lake Babine First Nation to manage previously permitted logging blocks, improving access to remote parts of the property.
Commitment to Community and Sustainability
American Eagle is committed to strong relationships with local stakeholders, including the Lake Babine Nation, provincial authorities, and local contractors. The Company prioritizes transparent communication and collaboration as exploration advances.
About American Eagle's NAK Project
The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and geophysical, geological, and geochemical work at NAK, which began in the 1960's, tested only to shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over 1.5 km x 1.5 km. Drilling completed by American Eagle in 2022, 2023, and 2024 returned significant intervals of high-grade copper-gold mineralization that reached beyond and much deeper than the historical drilling, indicating that zones of near-surface and deeper mineralization, locally with considerably higher grades, exist within the broader NAK property mineralizing system.
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About American Eagle Gold Corp.
American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British Columbia, Canada. The Company benefits from over
Q.P. Statement
Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and 'qualified person' for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.
Forward-Looking Statements
Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding whether the Company will be able to complete the Offering as anticipated, the receipt of regulatory approval, including the approval of the TSX Venture Exchange, to complete the Offering, the intended use of proceeds and intended drill program or its anticipated results at the Company's NAK project, the ability of the Company to make the qualifying expenditures as anticipated by management, and other matters ancillary or incidental to the foregoing. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ materially from those suggested in forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedarplus.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239864
FAQ
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