Stellar results today and 4 drill holes pending!This drill program looks promising. With the stock up over 500% today on drill results of the first hole and 4 more holes pending. The market loved the news today. Its an exciting time to be a share holder. The balance sheet here is very clean with no debt and lots of cash in the bank. Im guessing if they do more drilling after Christmas and need cash they will finance at much higher prices. It helps to have a tight share structure. Over 30 million shares trading hands today. Will we stabilize until the next 4 hole drill results are released? New year highs today with no overhead resistance. Todays exciting news is below. American Eagle Gold Corp Symbol AE Shares Issued 69,746,791 Close 2022-11-04 C$ 0.035 Recent Sedar Documents View Original Document American Eagle drills 851.28 m of 0.33% CuEq at NAK 2022-11-07 09:54 ET - News Release Mr. Anthony Moreau reports AMERICAN EAGLE DRILLS 125 M OF 1.02% COPPER EQUIVALENT FROM SURFACE WITHIN 851 M OF 0.33% COPPER EQUIVALENT IN MAIDEN DRILL HOLE AT NAK American Eagle Gold Corp. has released assay results from NAK22-01, the first hole of its 2022 program on its NAK copper-porphyry project. All five holes drilled on NAK have intersected broad intervals of porphyry-style mineralization from surface to end of hole, the longest of which was 984 metres. NAK is a classic porphyry copper-gold target whose current 5,000 m drill program tests the potential for a mineralized footprint greater than 1.5 kilometres by 1.5 km. All five holes drilled to date hit broad mineralization from surface to a maximum depth of 984 m downhole. Assay results for NAK22-02 to -05 are pending. "Our objective at NAK is to discover a world-class copper-gold deposit with a high-grade core at depth. Today's results exceeded our expectations. We have encountered mineralization in every hole and intersected a wide, high-grade interval from surface on the first hole. The bounds of the system are entirely unknown, including depth extensions of high grade. These early results set us up for an exciting remainder of 2022 and 2023," said Anthony Moreau, American Eagle's chief executive officer. NAK22-01 intersection details Assay results from hole 1 confirm and expand upon NAK's historically discovered copper-gold South zone, which typically shows strong gold and copper results beginning at the bedrock surface. Mineralization is best developed in hole 01 between 29.30 m (depth to the bedrock beneath glacial overburden) and 155.50 m (125.78 m of 1.02 per cent CuEq (copper equivalent)). It remains strong until a depth of 251 m (221.28 m at 0.68 CuEq) within host intermediate volcanic rocks and intruding Babine suite porphyry dikes. Mineralization through the zone is characterized by consistently high copper grades and conspicuously strong gold results. The gold appears to be associated with abundant quartz veinlets, mineralized fractures and related dissemination. The zone's visible mineralization consists almost entirely of chalcopyrite, with trace observed pyrite and bornite. Below approximately 250 m in depth, the hole encountered Babine suite porphyritic intrusive rocks, continuous to end of hole, intermittently mineralized with fracture and vein-hosted chalcopyrite and bornite. From 784 m to 819 m, a zone of more intensely mineralized rock was encountered, with the robust copper results in the hole occurring between 801 and 818 m (17 m of 2.23 per cent copper equivalent). Mineralization therein consisted of disseminated and semi-massive vein-hosted bornite and chalcopyrite. Drill core descriptions for holes NAK22-01 to -05 NAK22-01 was a vertical hole collared into the inferred southwestern margin of the Nakinilerak stock, a Babine suite porphyry intrusion. This hole has confirmed the presence of consistent vein stockwork and fracture-hosted porphyry-style bornite-chalcopyrite mineralization to a depth of 880 m. NAK22-02 was drilled to the north at a negative-70-degree angle from the same collar as NAK22-01. It intercepted similarly mineralized intermediate composition volcanic rocks seen in hole NAK22-01 down to 400 m and continued through Babine suite intrusive rocks. Mineralization includes disseminated and vein-hosted chalcopyrite-bornite mineralization intermittently from surface to end of hole (984 m). NAK22-03 is a vertical drill hole testing 300 m north of NAK22-01. It passed close to drill hole NAK22-02 at a depth of approximately 800 m. It intersected intermediate composition volcanic rocks similar to those observed in hole NAK22-01 between the surface and 600 m and Babine suite intrusive rocks from 600 m to the end of hole at 941 m. The volcanic rocks are mineralized by disseminated and vein-hosted chalcopyrite-bornite, and the intrusive rocks by chalcopyrite-bornite veining commonly associated with a soft metallic black mineral, inferred to be hypogene chalcocite, with a conspicuous interval occurring between 740 and 760 m. The mineralization encountered in holes NAK22-02 and NAK22-03 confirms the continuity of copper mineralization at depth. NAK22-04 is a vertical drill hole located 212 m north of NAK22-03. It is the shallowest hole of the 2022 drilling to date at 548 m total depth, with drilling halted due to poor ground conditions within what appeared to be high-grade material. Despite failing to reach the target depth, the drill hole showed the presence of both shallow (zero to 100 m) and deeper (350 to 548 m) disseminated and vein-hosted chalcopyrite-bornite mineralization. One of the final holes in the 2022 program will be completed beneath this hole by drilling from an off-section collar. NAK22-05 was drilled vertically, 218 m north of NAK22-04, with the aim of testing mineralization along projected strike from the previously drilled holes. Mineralization is present throughout, although it is subtle compared with the mineralization in NAK22-03 and NAK22-04. It occurs mainly as fine-grained disseminations and appears to increase in abundance below a depth of 500 m. The five holes drilled to date are continuously mineralized to an approximate average of 900 m depth, along a strike length of nearly 750 m. The mineralized zone remains open in all directions. Assays for holes 2, 3, 4 and 5 are pending, and the drilling of hole 6 is about to commence. A total of seven holes and approximately 5,500 m will be completed in the 2022 drill program. About American Eagle's NAK project NAK is a classic porphyry copper-gold mineralized zone that exhibits many signs of a robust and large-scale system. Historic shallow drilling programs defined a near-surface copper-gold system with a footprint greater than 1.5 km by 1.5 km that was open and completely untested at depth. The current drill program on NAK was designed to test geophysical targets at a depth based on new interpretations from recent ZTEM (Z-axis tipper electromagnetic), induced polarization and airborne magnetic surveys. The NAK property is road accessible, and many target areas coincide with forest industry clear cuts. Drilling can be completed year-round, and no helicopter support is required. The NAK property is 85 kilometres from Smithers, B.C., occurs in the Babine copper-gold porphyry district of west-central British Columbia and is close to nearby Babine district deposits (Bell, Granisle). It is defined by a compelling geophysical signature that has similarities to classic porphyry systems (such as close association of airborne magnetic highs with annular IP chargeability highs). Quality assurance/quality control statement The company follows a strict QA/QC protocol for the drilling program at NAK. The protocol includes regularly submitted analytical standards, coarse reject duplicates and randomly inserted sequential blank samples. The QA/QC samples comprise 10 per cent of the total samples submitted. All drill core samples are cut and packaged on site and are shipped to ALS Laboratories' prep facility in Langley, B.C. All samples are assayed using a four-acid digestion multielement inductively coupled plasma analysis and a separate gold fire assay. About American Eagle Gold Corp. American Eagle trades under the symbol AE on the TSX Venture Exchange. The company is focused on exploring its NAK project in the Babine copper-gold porphyry district of west-central British Columbia. Qualified person statement Mark Bradley, BSc, MSc, PGeo, a certified professional geologist and qualified person for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Projects, has verified and approved the information contained in this news release. We seek Safe Harbor. 2022 Canjex Publishing Ltd. All rights reserved.