American Eagle Gold Corp. announced that it continues to advance its British Columbia copper-gold porphyry project NAK. Charlie Greig, who led the discovery of GT Gold's Saddle copper-gold deposit, is advising and executing American Eagle's exploration program at NAK.

The Company is fully funded for NAK's 2022 exploration program and is awaiting its permit to begin drilling. The planned drill program on NAK consists of 8 diamond drill holes totaling 4,500m targeting the newly identified geophysical feature within a well-understood copper-gold porphyry province. NAK's known copper-gold porphyry mineralization is open at depth, and the compelling deep geophysical signature is analogous to Newcrest's Red Chris Mine and Newmont's Tatogga project in northwest BC.

Interpretation of the historical geophysics data appears to delineate an underlying multi-phase porphyry source for the previously-drill-defined near-surface low-grade copper-gold mineralization. This interpreted porphyry is a potential source and host for a deeper high-grade orebody, which has never been drill-tested. The proposed 2022 drill program will test the top of the large intrusive stock.

American Eagle is engaging with the local community stakeholders and working towards attaining a permit to begin drilling in the summer.