American Eagle Gold Corp · TSXV:AE
American Eagle Gold — Investor Presentation (April 2023)
35 slides from American Eagle Gold's investor presentation, Apr 3, 2023
Slide 1: Canada’s Newest Porphyry Discovery
Canada’s Newest Porphyry Discovery Q2 2023 AE: TSXV AMERICANEAGLEGOLD.COM
Slide 2: Forward Looking Statements
Forward Looking Statements WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS investigation of the dimensions, quantity or grade of the mineralization referred to INHERENTLY RISKY, AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS above, therefore this historical data should not be rel
Slide 3: Corporate Overview
Corporate Overview British Columbia, Canada KEY METRICS SHARE P R I C E $0.35 TSXV AE $0.30 Shares Outstanding (m) 81.4 $0.25 Warrants and Options (m) 22.7 $0.20 Share Price (03/15/2023) $0.085 NAK Market Capitalization $0.15 $6.9M Cash $2.0M $0.10 Insiders and Funds 54% $0.05 Orefinders (ORX:TSXV)
Slide 4: Highlights of NAK's 2022 Drill Program
Highlights of NAK's 2022 Drill Program NAK22-01 returned 851 m of 0.37% CuEq, • including 126 metres of 1.05% CuEq from surface NAK22-02 returned 956 m of 0.37% CuEq, • including 301 metres of 0.61% CuEq from surface NAK22-03 returned 906 m of 0.21% CuEq from surface, • including 645 metres of 0.24%
Slide 5: Exceptional Near Surface Grades
Exceptional Near Surface Grades • The closest historical hole to NAK22-01 was NAK95-15 • Collared nearly 100 m to the east of NAK22-01 • Returned 168.5 m @ 0.81% CuEq from surface • The next closest hole to NAK22-01 was NAK96-55 • Collared 105 m away to the northeast • Returned 70 m @ 1.07% CuEq sta
Slide 6: American Eagle NAK Summary
American Eagle NAK Summary • Low-cost exploration • Road access to site from Smithers, BC • Exploration camp nearby • Low elevation • Access to water • Site is clear cut by forestry industry • Helicopter access not required • Year round drilling and exploration AE: TSXV | AMERICANEAGLEGOLD.COM 6
Slide 7: NAK Property & Location
NAK Property & Location NAK Property Morrison Deposit Amarc Duke Property Bell Mine Granisle Mine SMITHERS AE: TSXV | AMERICANEAGLEGOLD.COM 7
Slide 8: NAK Historical Exploration
NAK Historical Exploration • Initially explored by Noranda from 1964 – 1971 - 28 holes totaling 1,837 m • Drilled in 1995-1996 by Hera Exploration - 71 holes totaling 15,187 m - Average hole depth of 216 m, deepest hole 539 m (466 m true depth), only 7 holes testing greater than 300 m - 2 Main Zones
Slide 9: NAK Property Acquisition and Geophysical Interpretation
NAK Property Acquisition and Geophysical Interpretation • In 2021, American Eagle entered into an agreement to acquire the NAK Claims • Steven McMullan, P.Geo, completed a geophysical re- interpretation, integrating the most recent historical IP, VTEM, and Magnetic survey data. • The NAK claims host
Slide 10: NAK Property Acquisition and Geophysical Interpretation
NAK Property Acquisition and Geophysical Interpretation -1 2 6 °15' -1 2 6 °14' -1 2 6 °13' -1 2 6 °12' -1 2 6 °11' -1 2 6 °15' -1 2 6 °14' -1 2 6 °13' -1 2 6 °12' -1 2 6 °11' 674000 674500 675000 675500 676000 676500 677000 677500 678000 678500 679000 674000 674500 675000 675500 676000 676500 67700
Slide 11: NAK Property Acquisition and Geophysical Interpretation
NAK Property Acquisition and Geophysical Interpretation Magnetic susceptibility 3D inversion slices 3D high resistivity inversion model AE: TSXV | AMERICANEAGLEGOLD.COM 11
Slide 12: 2022 Exploration Program
2022 Exploration Program Historical imagery showing lack of road development AE: TSXV | AMERICANEAGLEGOLD.COM 12
Slide 13: 2022 Exploration Program
2022 Exploration Program Dec 2021 imagery showing New road and cutblocks AE: TSXV | AMERICANEAGLEGOLD.COM 13
Slide 14: 2022 Exploration Program
2022 Exploration Program • Drilling in 2022 comprised 7 drill holes totaling 5,972 m • Drill holes lie on a north-south fence, along the western flank of inferred Babine stock porphyry intrusion, testing coincident resistivity and magnetic susceptibility anomaly. • All holes encountered broad zones
Slide 15: NAK22-01 Assay Highlights
A 730 m strike length eee NAK22-08 Rz Zz NAK Property SL zene EH] 200 secu eq 057 96CuEq TT % % % 851.28 m © [| 0.37% cuEq lo 2 — Miometars Boliden-Amare Duke Property Join From (rn) NAK22-01 Assay Highlights sem] zr eo. e528. «a 0K maven H ig 29.72 165.00 135.28 0.96 0.27% = L147. 1.00% vata pm 315
Slide 16: NAK22-02 Assay Highlights
730 m strike length z Z soim@ | / 0.61 % CuEa 586m @ 0.40 5 CUuEq Ilometers NAK22-02 Assay Highlights 23.00 984 955 01s 020% 1.20 arr 03r% including H 28.00 251s m8 057 022% Lar mar 09% “| within | 2800323 ao. 0500.22 451 051% within -| 200 64 st 028 0% ae 208 0.40% and tneluding sun 98 aso onl oma
Slide 17: NAK22-04 Assay Highlights
A 730 m strike length 527.12m @ 0.45 % Cute, 185.00 © 0.74% Cuta same J off [ossxcita |=} EST 2 Zz NAK Property NAK22-04 Assay Highlights Length cu Mo CuEG From(m) _To(m) (mm) Agle/) (ppm) 2028 Si80 52772 0.11 0.3% = 1S 63 045% Including 2028 16559 146.31 0.07 0.44% 4a 27 osi% And Including 4392 528
Slide 18: NAK22-07 Assay Highlights
730 m strike length 10536m @ 0.53% Cua ——— B048im@ 0.20% Cut [—~) Se a a 173.00m @ 0.42 % CuEq ‘] 305.33m @ 0.37% CuEq 920m liso mmoutot | NAKZ2RI yagz=0a_— planetotheeast) 984m gay m (Previously n “co Reported) —— A) N NAK Property . 4 s, % % % aw ¢ \ peered b F S a ies NAK22-01 381m (Previously Re
Slide 19: NAK22-06 Assay Highlights
730 m strike length 500.00 @ 0.22% Cua NAK22-04 NAK22 -05 S2am NAK22~ 07 874.12 m t m (180moutof — NaK22-02 Beam AKG 08 (Previously Reported) NAK22-01 381m (Previously Reported) 2 Z Soliden-Amar NAK Property z % % ee %. a ‘ & v “LS £ lo 2 ey Hiommeters NAK22-06 Assay Highlights From(m) To(m) —Length
Slide 20: NAK22-01 Core Photos and Details
NAK22-01 Core Photos and Details 36.20 m NAK-01: Chalcopyrite in qtz veinlets A vertical hole collared into the inferred southwestern margin of the Nakinilerak stock, a Babine Suite porphyry intrusion. The hole has confirmed the presence of consistent vein stockwork and fracture- hosted porphyry-sty
Slide 21: NAK22-02 Core Photos and Details
NAK22-02 Core Photos and Details NAK-02 Bornite and chalcocite(?) along fracture surface Drilled to the north at a -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
Slide 22: NAK22-02 Core Photos and Details
NAK22-02 Core Photos and Details From 901 m to 934 m, andesitic porphyry dyke, hosting densely disseminated bornite +/- Chalcopyrite cuts Babine stock granodiorite AE: TSXV | AMERICANEAGLEGOLD.COM 22
Slide 23: NAK22-03 Core Photos and Details
NAK22-03 Core Photos and Details 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 intercepted intermediate composition volcanic rocks similar to those observed in hole NAK22-01 between the surface and 600 m and Babine
Slide 24: NAK22-04 Core Photos and Details
NAK22-04 Core Photos and Details 514.65 m A vertical drill hole located 212m north of NAK22-03. It is the shortest of the 2022 drilling so far, at 548m total depth, with drilling halted due to poor ground conditions within what appeared to be high-grade material. Despite failing to reach the target
Slide 25: NAK22-04 Core Photos and Details
NAK22-04 Core Photos and Details 514.65 m From 506 m to 521 m, an andesitic porphyry dyke, analogous to what was intercepted from 901 – 934 m in hole NAK22-02, cuts mineralized conglomeritic rock and hosts finely to coarsely disseminated bornite, and bornite veining. AE: TSXV | AMERICANEAGLEGOLD.COM
Slide 26: NAK22-05 Core Photos and Details
NAK22-05 Core Photos and Details 514.65 m 563.05 m Hole 5 shows consistent sparsely disseminated chalcopyrite mineralization, punctuated by rare intervals of coarse bornite-quartz veining and chalcopyrite-molybdenite bearing anhydrite veining. AE: TSXV | AMERICANEAGLEGOLD.COM 26
Slide 27: NAK22-06 Core Photos and Details
NAK22-06 Core Photos and Details 514.65 m 563.05 m Hole 6 shows consistent mineralization within volcanics below 550 m, and hosts some exceptional higher grade zones, including later-stage densely mineralized bornite dyking within the main Babine stock intrusive, and zones of dense chalcopyrite mine
Slide 28: NAK22-07 Core Photos and Details
NAK22-07 Core Photos and Details 514.65 m 563.05 m Hole 7 shows two distinct zones of mineralization, from surface to 100 m, and from 490 m to end of hole at 874 m. Notably, from 490 to 501 m, a bleached andesitic porphyry dyke, with variably dense bornite-chaclocite mineralization was encountered (
Slide 29: 3D subsurface view of 2022 drilling with historical drilling
Lf { ; NaKa2-05 $24 m wakea-os NAK22-07 920m stazm NaKz2-02 NANI? 08 984 m NAK22-04 intercepted significantly higher grades, over longer widths, to a greater depth than the nearest and deepest intercept from historical drilling (hole 95-21). Elevated copper and gold grade continues to depth in holes
Slide 30: A i m strike length |
A i 730 m strike length | Simplified Legend | nc tants oct ce im lacs eo 7 200] meters
Slide 31: 2023 Planning – South Zone Expansion
2023 Planning – South Zone Expansion A focus of drilling in 2023 will be to expand the known at-surface mineralization footprint of the south zone, and tracing it to depth, following up on the stellar results of holes NAK22-01 and NAK22-02. AE: TSXV | AMERICANEAGLEGOLD.COM 31
Slide 32: 2023 Planning – Targeting High-Grade Source
2023 Planning – Targeting High-Grade Source NAK22-02 – Bornite bearing porphyritic dyke NAK22-04 – Bornite bearing porphyritic dyke 511 – 514 m Determining the orientation and emplacement relationships of bornite-bearing porphyry dykes will help to vector into the potential high grade source of mine
Slide 33: Preliminary Planning
liminary Planning Neaysurfaceibigh Grade] Rourhjzonejexpansion|
Slide 34: Future Catalysts
Future Catalysts • Expanded Five Year Drilling Permit • Updated Exploration Agreement with Lake Babine Nation • Drilling to commence spring of 2023 • Preliminary 2023 Exploration Plan: • Step out East, West, North and South to delineate the true size of this deposit • ~6 km of drilling • Expand and
Slide 35: Canada’s Newest Porphyry Discovery
Canada’s Newest Porphyry Discovery AmericanEagleGold.ca WATCH VIDEO HERE AE : TSXV
American Eagle Gold — Investor Presentation (April 2023) on 6ix