TORONTO, Aug. 11,
2022 /CNW/ - American Eagle Gold Corp. (TSXV: AE)
("American Eagle" or the "Company") is pleased to
announce it has entered into an Exploration Agreement ("Agreement")
with Lake Babine First Nation ("Lake Babine") in central
British Columbia. The Agreement
establishes commitments for a respectful relationship between
American Eagle Gold and the Lake Babine to explore in the NAK
Copper-Gold district.
American Eagle Gold's NAK Copper-Gold Project, located 80 km
northeast of Smithers in central
BC, lies within Lake Babine traditional territory. The Agreement
was negotiated by American Eagle and Lake Babine representatives
and defines how a respectful and productive engagement between the
parties should proceed, as well as an approach for cooperative
planning and pursuing mutual benefit.
"American Eagle values the relationship it has built with Lake
Babine, and is respectful of the Nation's culture, deep-rooted
traditions and aspirations for sustainable economic growth and
prosperity," said Anthony Moreau,
American Eagle Gold CEO.
About the NAK Project
The NAK project is permitted to drill, with a planned
4,000-metre diamond drilling program expected to commence in the
coming days. NAK is in the Babine Copper-Gold Porphyry District of
British Columbia (click here to
view) and is a classic porphyry target that exhibits all the signs
of a large copper-gold system. There known copper-gold porphyry
mineralization at NAK is open at depth and is defined by a
compelling geophysical signature analogous to Newcrest's
Red Chris Mine and Newmont's Saddle
deposit located in Northwest BC.
For detailed information on the NAK property's geological and
geophysical interpretation, refer to the Company's Projects page
here. To view drill targets, please click here.
Video with Charlie
Greig, winner of 2022 PDAC Bill Dennis Ward, on the
potential he sees at NAK Project.
About American Eagle Gold
Corp.
American Eagle Gold is traded under the AE symbol on the TSX
Venture Exchange. It is focused on exploring its NAK project in the
Babine Copper-Gold Porphyry district in central British Columbia. The Company is fully funded
for NAK's 2022 exploration program and is currently permitted to
drill. American Eagle has contracted C.J. Greig and Associates to
advise and execute the Company's exploration program at NAK.
Geologist and president of C.J Greig & Associates, Charlie Greig, is a recipient of the prestigious
2022 Bill Dennis Award, recognizing his contribution to the
prospecting and exploration industry or a significant mineral
discovery.
QP Statement
Mark Bradley, B.Sc., M.Sc.,
P.Geo., a Certified Professional Geologist and 'qualified person'
for Canada's National Instrument
43-101 Standards of Disclosure for Mineral Properties, has verified
and approved the information contained in this news release.
www.americaneaglegold.ca
Forward-Looking
Statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the TSX Venture Exchange
policies) accepts responsibility for the adequacy or accuracy of
this release. 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 exercise its option to acquire
the Project as anticipated and whether the Company's exploration
efforts on the Project produce the results that are anticipated by
management. This information is based on current expectations that
are subject to significant risks and uncertainties that are
difficult to predict. Actual results might differ materially from
results suggested in any 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.sedar.com.
SOURCE American Eagle Gold Corporation