Highlights:
• NAK23-17 intersected 302 m of 1.09% Copper Equivalent within 606 m of 0.74% Copper
Equivalent beginning at 98 m downhole.
• NAK23-17 was collared 250 metres west of NAK23-11 (473 metres of 0.62% Copper Equivalent,
beginning at surface), and more than 250 metres away from any previous hole drilled on the
property, extending high-grade mineralization westward.
• The fully funded 2024 drill program will prioritize expanding the large, high-grade, mineralized
South Zone and testing linkages between it and other higher-grade parts of the extensive NAK
system.
Toronto, Ontario – January 8, 2024 – American Eagle Gold Corp. (“American Eagle” or the “Company”)
(AE: TSXV, AMEGF: OTCQB) is pleased to announce that hole NAK23-17 intersected 302 metres of 1.09%
Copper Equivalent within 606 metres of 0.74% Copper Equivalent (“CuEq”) beginning at 98 metres
downhole, west of the South Zone at its NAK Copper Gold porphyry project (“NAK” or the “Project”) in
British Columbia, Canada.
Hole NAK23-17 was collared more than 250 metres distant from any previous drill hole on the property,
the nearest being hole NAK23-11, which intersected 473 metres of 0.62% Copper Equivalent from surface.
The high-grade intercept in NAK23-17 has served to confirm and improve upon the scale and tenor of
high-grade mineralization discovered west of the historically defined South Zone, by showing continuity
between the higher-grade mineralization in hole NAK23-11 and that in holes NAK23-08 and NAK22-01.
For the 2024 drill program, the Company intends to test and expand this area of higher-grade
mineralization, identify where it reaches the surface, and to determine how much farther it extends to
the south, west, and north, including possible connections to deeper, higher-grade mineralization at the
North Zone, such as that intersected in drill holes NAK22-04 and NAK23-12.
"The more we drill, the better NAK gets, as shown by the bold, westerly step out with NAK23-17. This risk
paid off, revealing what may be a high-grade mineralized belt that remains open to the north and the
south, and proving that the high-grade mineralization encountered previously in NAK23-11 is extensive in
both the vertical and east-west dimensions. 2022’s drill program demonstrated that NAK is a copper and
gold porphyry system with a very large near-surface footprint that extends to depth. Since then, we have
identified increasingly high-grade zones throughout 2023. Intersecting 302 metres of 1.09% Copper
Equivalent grade in our final 2023 drill hole suggests that our evolving understanding of NAK’s geology
has been efficient and successful. We look forward to our 2024 drill campaign, and to continue making ...
see & read more onhttps://americaneaglegold.ca/site/assets/files/3899/2_american_eagle_gold_nak_23-13_to_17_2024_01_08.pdf