American Eagle Announces Closing of C$29 Million Strategic Investment by South32
Toronto, Ontario--(Newsfile Corp. - November 26, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement pursuant to a subscription agreement (the "Agreement") with a wholly owned subsidiary of South32 Ltd. ("South32" - ASX:S32). Pursuant to the Agreement, South32 purchased 33,321,577 common shares in the capital of the Company ("Common Shares") at a price of C$0.875 per Common Share, for gross proceeds...
2024-11-26 8:34 AM EST
American Eagle Announces $29 Million Strategic Investment by South32
Toronto, Ontario--(Newsfile Corp. - November 11, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has entered into a subscription agreement (the "Agreement") with a wholly owned subsidiary of South32 Ltd. (ASX: S32) ("South32"), pursuant to which South32 has agreed to invest approximately $29.16 million in the Company on a non-brokered private placement basis. Under the terms of the Agreement, American Eagle will issue 33,321,577 common shares in...
2024-11-11 6:00 AM EST
American Eagle Extends High-Grade Near-Surface Mineralization with Multiple +1% Copper Equivalent Intercepts; Confirms Continuity of Mineralization >1km Along Trend
NAK's Near Surface South Zone Drill Highlights:NAK24-28 intercepts 101 m of 1.11% Copper Equivalent (CuEq) from 47 mwithin 144 m of 0.90% CuEq from surfacewithin 451 m of 0.43% CuEq from surfaceNAK24-26 extends the gold-enriched zone northwest;intercepts 50 m of 1.01% CuEq from surfacewithin 457 m of 0.39% CuEq from surfaceNAK24-24 helps confirm continuity of mineralization 1.2 km south to north;intercepts 906 m of 0.36% CuEq from surfaceincluding 107 m of 0.65% CuEq from surfaceToronto
2024-10-21 6:00 AM EDT
American Eagle Intercepts 175 m of 1 g/t Gold Eq, 275 m of 0.9 g/t Gold Eq and 108 m of 1 g/t Gold Eq, All from Surface at NAK
NAK's Gold Zone Drill Highlights:NAK24-23 intercepted 40 m of 2.01 g/t Gold Equivalent ("AuEq") from Surfacewithin 175 m of 1.03 g/t AuEq from Surfacewithin 276 m of 0.83 g/t AuEq from SurfaceNAK24-21 intercepted 130 m of 1.10 g/t AuEq from Surfacewithin 275 m of 0.9 g/t AuEq from Surface NAK24-19 intercepted 108 m of 1.00 g/t AuEq from Surfacewithin 191 m of 0.76 g/t AuEq from SurfaceToronto, Ontario--(Newsfile Corp. - August 20, 2024) - American Eagl
2024-08-20 6:00 AM EDT
American Eagle Discovers Outcrop of Copper-Bearing Porphyry at Newly Defined IP Embayment Zone; Provides Drilling Update
Highlights:Field teams identified copper-bearing outcrop porphyry in the central part of the IP Embayment Zone, a previously undrilled and highly prospective areaThe Company has intersected disseminated and vein hosted chalcopyrite mineralization at depth on the margins of the IP Embayment Zone, in Drill hole NAK24-19IP Embayment Zone, in the southeastern area of the NAK project, will be elevated as a priority target for further exploration and drilling.Toronto, Ontario--(Newsfile Corp. - July 2, 2024) - - July 2, 2024 -...
2024-07-02 6:00 AM EDT
American Eagle Adds Second Drill; Provides Drilling Update
Toronto, Ontario--(Newsfile Corp. - June 10, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that a second diamond drill rig is now operational on its NAK copper-gold project in British Columbia. Early reports indicate that operations are proceeding smoothly, and that drilling has encountered chalcopyrite, bornite, and molybdenite mineralization consistent with nearby holes drilled previously. Update on Drilling:NAK24-18 has surpassed 750 metres and still drilling. It was...
2024-06-10 6:00 AM EDT
American Eagle Gold Commences 2024 NAK Drill Program
Toronto, Ontario--(Newsfile Corp. - May 27, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that drilling has begun on 2024's 15,000-metre drill program at its NAK copper-gold porphyry property in central British Columbia, Canada. The initial holes will test favourable geological and geophysical signatures, including resistivity and chargeability anomalies identified by a 2024 deep-looking induced polarization survey. The program is starting with a single diamond drill...
2024-05-27 6:00 AM EDT
American Eagle Gold Appoints Gordon Stothart to its Board of Directors
Toronto, Ontario--(Newsfile Corp. - May 21, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that Gordon Stothart, former CEO of IAMGOLD Corp. ("IAMGOLD"), has joined the Company's Board of Directors effective immediately.Mr. Stothart is an independent mining consultant and professional engineer whose career began as an Engineer in Training in 1987 at the Noranda (now Glencore) Bell Copper Mine in the Babine region of British Columbia, next door to...
2024-05-21 6:00 AM EDT
American Eagle Closes Previously Announced Upsized Private Placement for $8.2 Million
Toronto, Ontario--(Newsfile Corp. - May 17, 2024) - American Eagle Gold Corp. (TSXV: AE) ("American Eagle" or the "Company") is pleased to announce that it has closed its previously announced upsized private placement of 7,866,715 charity flow-through common shares of the Company (the "Charity FT Shares") at a price of C$1.04 per Charity FT Share (the "Offering Price") for aggregate gross proceeds of up to C$8,181,234 (the "Offering").Proceeds from the Offering will be used for exploration work at the Company's...
2024-05-17 1:05 PM EDT
American Eagle Upsizes Previously Announced Private Placement for up to $8.2 Million
Toronto, Ontario--(Newsfile Corp. - May 2, 2024) - American Eagle Gold Corp. (TSXV: AE) ("American Eagle" or the "Company") is pleased to announce that it has upsized its previously announced private placementto up to 7,884,615 charity flow-through common shares of the Company (the "Charity FT Shares") at a price of C$1.04 per Charity FT Share (the "Offering Price") for aggregate gross proceeds of up to C$8,200,000 (the "Offering").Proceeds from the Offering will be used for exploration work at the...
2024-05-02 5:41 PM EDT
American Eagle Announces Private Placement for Up To $5.0 Million
Toronto, Ontario--(Newsfile Corp. - April 26, 2024) - American Eagle Gold Corp. (TSXV: AE) ("American Eagle" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 4,807,692 charity flow-through common shares ("Charity FT Shares") at C$1.04 per Charity FT Share, for aggregate gross proceeds to the Company of up to C$5,000,000 (the "Offering").Proceeds from the Offering will be used for exploration work at the Company's NAK project located in the Babine...
2024-04-26 8:46 AM EDT
American Eagle: Live Webinar with NAK Geologists Charlie Greig and Neil Prowse on 2024's Drill Program
Highlights:Geologists Charlie Greig and Neil Prowse will unveil NAK's 2024 drill program live via Zoom on April 25 at 12pm EST (click here to sign up)15,000 metre two-rig drill program to begin in mid- to late-May Induced Polarization survey is underway, with results released in the coming weeksToronto, Ontario--(Newsfile Corp. - April 24, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("the Company" or "American Eagle") is pleased to unveil its 2024 exploration drill program during a...
2024-04-24 6:00 AM EDT
American Eagle's 2024 Exploration Program Underway
Highlights:Deep penetrating Induced Polarization ("IP") ground geophysical survey to commence today2023's IP survey showed excellent correlation with zones of high-grade mineralization15,000 m drill program to begin in MayTechnical Update Video provided by Charlie Greig Toronto, Ontario--(Newsfile Corp. - April 17, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that the 2024 exploration program at its NAK property is about to get underway with an initial nine line, deep-looking IP...
2024-04-17 6:00 AM EDT
American Eagle Gold Planning 2024 NAK Property Exploration Program
Highlights:A fully funded 15,000-metre drill program will commence in May.An Induced Polarization ground geophysical survey will begin in approximately three weeks that will aid in defining drill targets.Initial targets will focus on expanding and outlining near-surface potential and linking higher grade zones in the south to those in the north (see details below).Toronto, Ontario--(Newsfile Corp. - March 15, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that in May, it...
2024-03-15 6:00 AM EDT
American Eagle Releases Updated Technical Presentation and Webinar
Highlights:The updated Technical Presentation focuses on American Eagle's latest drill results, including 302 m of 1.09% Copper Equivalent within 606 m of 0.74% Copper Equivalent, beginning at 98 m downhole in NAK23-17. Technical Presentation details NAK's IP survey and its correlation to the highest grade intersections that will guide high-priority targets for 2024's drill campaign. American Eagle has posted a webinar with its technical team discussing these results. American Eagle will present at the Metals Investment Forum on January...
2024-01-18 6:00 AM EST
American Eagle Intersects 302 Metres of 1.09% Copper Equivalent within 606 Metres of 0.74% Copper Equivalent
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...
2024-01-08 6:00 AM EST
American Eagle Gold Closes Investment from Strategic Investors
Toronto, Ontario--(Newsfile Corp. - November 21, 2023) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has closed the investment made by both Teck Resources Limited ("Teck") and well-known British Columbia geologist C.J. "Charlie" Greig, (view News Release). With this investment, Teck maintains its 19.9% stake in American Eagle following American Eagle's recent exercise of its option to repurchase a 20% interest in its NAK copper-gold porphyry project...
2023-11-21 6:00 AM EST
American Eagle Gold Announces Investment from Strategic Investors
Toronto, Ontario--(Newsfile Corp. - November 20, 2023) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that both Teck Resources Limited ("Teck") and well-known British Columbia (B.C.) geologist C.J. "Charlie" Greig, are further investing in the Company. With this investment, Teck will maintain its 19.9% stake in American Eagle following American Eagle's recent exercise of its option to repurchase a 20% interest in its NAK copper-gold porphyry project from Orecap...
2023-11-20 6:00 AM EST
American Eagle Buys Back Its 20% Interest in NAK from Orecap
Toronto, Ontario--(Newsfile Corp. - November 9, 2023) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has excercised its option to repurchase a 20% interest in its NAK copper-gold porphyry project from Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) ("Orecap"). American Eagle now owns a 100% option to purchase the NAK copper-gold project in the Province of British Columbia ("NAK").In December 2022, the Company financed $1 million of its...
2023-11-09 6:00 AM EST
American Eagle Drills 900 Metres of 0.50% Copper Equivalent from Surface in the North Copper Zone at NAK
Highlights:NAK23-12 returned 900 m @ 0.50% Copper Equivalent ("CuEq") from surface in the North Copper Zone, including 540 m @ 0.61% CuEq from 344 mCopper contributed over 70% of the CuEq calculation, averaging 0.35% Copper throughout the 900-metre interceptNAK23-12 affirms that the North Zone, like the South Copper-Gold Zone ("South Zone") hosts broad and continuous mineralization. Drill hole ended in strong mineralization, measuring 3 m of 1% CuEq six metres from the end of hole. Assays from 5 additional drill...
2023-10-17 6:00 AM EDT