TORONTO, May 28, 2021 /CNW/ - American Eagle Gold
Corp. (TSXV: AE) ("American Eagle" or the "Company")
is pleased a preview its 2021 exploration plans for its Golden
Trend property in the Cortez Trend, 6km southwest of Barrick and
Newmont's Goldrush Deposit.
American Eagle Gold's VP of Exploration Mark Bradley, has
developed an initial exploration strategy to advance the Golden
Trend towards a drill campaign. Exploration plans for the
spring and summer of 2021 include compilation of historic
exploration data, remapping of surface outcrops and structural
exposures, geophysical surveys including CSAMT and 2D seismic work,
to be used for targeting a scout drilling program in late Q3 and
Q4.
Highlights for the 2021 Exploration Program
- Recently completed Controlled Source Audio Magnetotellurics
("CSAMT") survey, whose data is currently being reviewed and
interpreted.
- Historic soil and rock-chip sampling has been compiled and
reviewed in GIS; Surface remapping and rock-chip sampling are
underway;
- 2D Seismic Survey to commence end of June. Two
seismic lines will be brought across the property to analyze the
geological structure of the Golden Trend.
- Drill Targeting to be conducted in June and July
- Notice of Intent submitted end of July.
- Drill permitting in August.
- Road construction and drilling to begin before the end of
Q3
2021 Drilling Program
The 2021 drilling program will seek to intercept lower plate
carbonate rocks, which host most of the world-class gold deposits
in the region, including the Newmont and Barrick's Goldrush deposit
next door. Three holes of approximately 3,000 feet will be
drilled utilizing results from the field exploration program
currently underway. The results of these drill holes will
further help American Eagle Gold vector into high-grade
mineralization targets in the area.
Anthony Moreau stated, "It is
promising to see how well our 2021 exploration program has
progressed so far. Our VP of Exploration, Mark Bradley, helped lead the team that made the
Goldrush discovery next door, and we are excited at the prospect of
making a similar discovery at Golden Trend. The Cortez Trend
is a world-class gold district, and I believe we have just
scratched the surface in terms of its potential."
Live Recorded Webinar Hosted by Red Cloud Securities
Watch a webinar about American Eagle Gold and a Q&A
featuring CEO Anthony Moreau and VP
of Exploration Mark Bradley.
About American Eagle Gold Corp.:
American Eagle Gold is traded on the TSX Venture Exchange under
the symbol 'AE' and is focused on exploring its flagship property,
Golden Trend. The property is strategically situated on the
Cortez trend, which hosts 3 large Carlin-type gold deposits
operated by Barrick and Newmont's Joint Venture, Nevada Gold Mines (Pipeline, Cortez Hills and Goldrush). The property
is located ~16 km southeast of Cortez Hills and 6 km
south-southwest of Goldrush and shows many of the same geological
characteristics as at the two deposit areas.
QP Statement
American Eagle's Vice President of
Exploration, Mark Bradley, B.Sc.,
M.Sc., P.Geo., a Certified Professional Geologist and 'qualified
person' for the purposes of Canada's National Instrument 43-101 Standards
of Disclosure for Mineral Properties, has verified and approved the
information contained in this news release.
For information and updates on American Eagle Gold, please
visit: 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
the listing of the Company's Common Shares on the TSX Venture
Exchange and the anticipated timing thereof, the planned work
program on the Golden Trend project and the timing of the program
milestones. 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