American Eagle Gold Corp · TSXV:AE
American Eagle Gold — Technical Presentation (May 2024)
44 slides from American Eagle Gold's technical presentation, May 5, 2024
Slide 1: Canada’s Most Exciting Porphyry Discovery
Canada’s Most Exciting Porphyry Discovery Technical Presentation May 05, 2024 AE: TSXV | AMEGF: OTCQB AmericanEagleGold.ca
Slide 2: Introduction
Introduction The NAK Project, located in central British Columbia, is an early-stage project, focused on advancing the Companies understanding of a large Cu-Au-Mo porphyry system. Work to date by the company has demonstrated considerable size and grade potential, and significantly expanded upon hist
Slide 3: 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 • Possible for year-round drilling and exploration AE: TSXV | AMERICANEAGLEG
Slide 4: NAK Property & Location
NAK Property & Location NAK Property Morrison Deposit Amarc Duke Property Bell Mine Granisle Mine SMITHERS AE: TSXV | AMERICANEAGLEGOLD.CA 4
Slide 5: NAK Historical Exploration: Property Geology Map
NAK Historical Exploration Property Geology Map with Historical Drilling • 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 h
Slide 6: NAK Historical Exploration: IP Chargeability Map
NAK Historical Exploration IP Chargeability Map with Historical Drilling • 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 h
Slide 7: NAK Historical Exploration: Total Magnetic Intensity Map
NAK Historical Exploration Total Magnetic Intensity Map with Lidar • 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 t
Slide 8: NAK Historical Geophysical Interpretation
NAK Historical Geophysical Interpretation Magnetic susceptibility 3D inversion slices 3D high resistivity inversion model AE: TSXV | AMERICANEAGLEGOLD.CA 8
Slide 9: 2022 - 2023 Exploration Programs
2022 - 2023 Exploration Programs • Drilling in 2022 – 2023 comprised 17 drill holes totaling 13,854 m • All holes encountered broad zones of copper-gold-molybdenum mineralization, and many holes encountered multiple discrete zones of very strong grade, exceeding 200 m in width • Near-surface mineral
Slide 10: 2022 - 2023 Exploration Programs
2022 - 2023 Exploration Programs • Drilling in 2022 – 2023 comprised 17 drill holes totaling 13,854 m • All holes encountered broad zones of copper-gold-molybdenum mineralization, and many holes encountered multiple discrete zones of very strong grade, exceeding 200 m in width North Zone • Near-surf
Slide 11: 2022 - 2023 Exploration Programs: South Zone
Historical Drilling at South Zone 2022 - 2023 Exploration Programs • Drilling in 2022 – 2023 comprised 17 drill holes totaling 13,854 m • All holes encountered broad zones of copper-gold-molybdenum Best Historical Hole mineralization, and many holes encountered multiple discrete zones of very strong
Slide 12: 2022 - 2023 Exploration Programs: North Zone
2022-2023 Drilling at North Zone 2022 - 2023 Exploration Programs NAK22-04 • Drilling in 2022 – 2023 comprised 17 drill holes totaling 13,854 m NAK23-12 • All holes encountered broad zones of copper-gold-molybdenum mineralization, and many holes encountered multiple discrete zones of very strong gra
Slide 13: 2022 - 2023 Exploration Programs
2022 - 2023 Exploration Programs • Drilling in 2022 – 2023 comprised 17 drill holes totaling 13,854 m • All holes encountered broad zones of copper-gold-molybdenum mineralization, and many holes encountered multiple discrete zones of very strong grade, exceeding 200 m in width North Zone • Near-surf
Slide 14: 2022 - 2023 Exploration Programs
2022 - 2023 Exploration Programs • Drilling in 2022 – 2023 comprised 17 drill holes totaling 13,854 m • All holes encountered broad zones of copper-gold-molybdenum mineralization, and many holes encountered multiple discrete zones of very strong grade, exceeding 200 m in width • Near-surface mineral
Slide 15: South Zone: Expanding a High-Grade Footprint
South Zone: Expanding a High-Grade Footprint • NAK23-17, the final hole of the 2023 program, returned the strongest results from the NAK program to date, in the newly discovered western expansion of the south zone. • Very strong, broad intercepts of copper, gold, and molybdenum returned 302 m @ 1.09
Slide 16: North Zone: High-grade Below Historical Drilling
North Zone: High-grade Below Historical Drilling 400 m wide envelope through North Zone Historical extents of North Zone mineralization Open Newly discovered high- grade North Zone mineralization (> 0.5 Cu Eq) AE: TSXV | AMERICANEAGLEGOLD.CA 16
Slide 17: Large Footprint with Geophysical Model Confirmed
Large Footprint with Geophysical Model Confirmed • Strongest NAK2-01 grade encountered in “IP Shoulder”: Transition between highly resistive, and less chargeable Babine porphyry stock, and high chargeability, low Open 200 m resistivity phyllic alteration zone 200 m • Current model suggest NAK22-04 h
Slide 18: 2023 Late-season Inversion Model: North Zone
2023 Late-season Inversion Model North zone 3D cross section NAK23-12 IP survey shows moderate chargeability “IP Shoulder” Correlates strongly to highest grade mineralization 18
Slide 19: 2023 Late-season Inversion Model: South Zone
2023 Late-season Inversion Model South zone 3D cross section NAK23-17 IP survey shows moderate chargeability “IP Shoulder” Correlates strongly to highest grade mineralization 19
Slide 20: 2023 Late-season Inversion Model: North Zone, NAK23-09
2023 Late-season Inversion Model North zone 3D cross section NAK23-09 IP survey shows NAK23-09 intersected less prospective chargeability zone, with strong prospectivity to the south, along an east-west trend 20
Slide 21: Looking Forward: 2024 Planning
Looking Forward: 2024 Planning • 2023 drilling reveled that significant zones of high-grade mineralization occur within broader packages of moderate NAK2-01 grade, commonly associated with the presence of mineralized dyking, and coarse sedimentary host rocks. • Best grade appears to be located withi
Slide 22: Geology and Geochronology
Geology and Geochronology NAK2-01 • Geological work over the 2024 winter season has identified numerous phases of pre- and syn-mineral dyking, that often pre-dates the emplacement of the Babine porphyry stock. • Dkying cuts gently easterly dipping sedimentary lithologies, that are truncated by the e
Slide 23: Early stage fine-grained diorites or monzodiorites
Early stage fine-grained diorites or monzodiorites These intrusions (one large sill, shown in olive green, and many dikes, shown in blue) appear to be very high level (locally peperitic(?)), are mineralized, and are closely associated with intense and widespread high-temperature potassic alteration
Slide 24: Nak Geology
Nak Geology Late stage monzonitic (?) Porphyry dykes, with coarse bornite mineralization. Syn-mineral granodiorite to diorite dyking, more common proximal to Babine porphyry contact Dyking is inferred to be steeply dipping, north-south trending. AE: TSXV | AMERICANEAGLEGOLD.COM
Slide 25: Geochronology
Geochronology Detrital zircon grains from sandstone occurring as local lenses within upper Detrital zircon ages return a most sedimentary sequence (NAK23-17- common peak of ages at ~133 Ma, 103, 107) with the younges ages @ 62 Ma, indicated a significantly younger host rock than nearby Babine porphy
Slide 26: 2024 Exploration Plan
2024 Exploration Plan • Two-rig program with 15,000 metres of drilling NAK2-01 (15-25 holes) • Pre-season, deep looking IP survey PHASE 2 Phase 1: • Connect high-grade in the North and South Zones NAK22-04 NAK22-04 NAK22-04 NAK22-03 • Drill gold zone proximal to NAK22-01 • Find the potential “Jewel
Slide 27: Strong Partnership With the Local Community
Strong Partnership With the Local Community NAK2-01 • American Eagle and Lake Babine Nation have forged a relationship built on a foundation of communication and engagement • On August 7th, 2023 American NAK22-04 Eagle signed an expanded Exploration Agreement with Lake Babine NAK22-04 NAK22-03 First
Slide 28: Strategic Partnership with Teck Resources
Strategic Partnership with Teck Resources NAK2-01 • Teck Resources made three investments into American Eagle, each done at a significant premium to market: • May 2023 (click here to view NR) NAK22-04 • August 2023 (click here to view NR) NAK22-04 NAK22-04 NAK22-03 • November 2023 (click here to vie
Slide 29: Board & Management
Board & Management Anthony Moreau Alex Stewart CEO & Director Director • 10 years of experience in the mining industry Previously with • Over 40 years of experience in the practice of securities law and Iamgold in Business Development & Special Projects Director natural resource investment of the Yo
Slide 30: Corporate Overview
Corporate Overview KEY METRICS TSXV - OTCQB AE - AMEGF SHARE P R I C E Shares Outstanding (m) 108.8 Warrants and Options (m) 19.8 Share Price (01/05/2024) $0.275 Market Cap ~$30.1 Cash $4.6M Insiders and Funds 46% Teck Resources (TECK: TSX) 19.99% BOARD & MANAGEMENT Anthony Moreau CEO & Director Ste
Slide 31: Forward-Looking Statements
Forward-Looking Statements WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS INHERENTLY RISKY, investigation of the dimensions, quantity or grade of the mineralization referred to above, therefore this AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS historical data should not be rel
Slide 32: @ www.AmericanEagleGold.ca University Avenue, Suite 1805, Toronto ON, M5J 2H7
amoreau@americaneaglegold.ca @ www.AmericanEagleGold.ca 55 University Avenue, Suite 1805, Toronto ON, M5J 2H7 (v) AmEagleGold American Eagle Gold (a) TheOreGroup
Slide 33: Appendix: Drill Hole Assay Summaries and 2023 Assay Cross-sections
Appendix: Drill Hole Assay Summaries and 2023 Assay Cross-sections AE: TSXV | AMERICANEAGLEGOLD.CA
Slide 34: NAK 2022 & 2023 Drill Program Highlights
NAK 2022 &2023 Drill Program Highlights 302 m of 1.09% CuEq within 606 m of 0.74% CuEq NAK23-17 776 m of 0.50% CuEq from surface NAK23-08 390.9 m of 0.34% CuEq within 687.7 m of 0.28% CuEq NAK23-16 106 m of 0.53% CuEq from surface within 856 m of 0.30% CuEq NAK22-07 543.4 m of 0.27% CuEq NAK23-15 33
Slide 35: NAK23-17: 302 metres of 1.09% Copper Equivalent within 606 metres
NAK23-17: 302 metres of 1.09% Copper Equivalent within 606 metres of 0.74% Copper Eq NAK2-01 • 302 m of 1.09% Copper Eq • within 606 m of 0.74% Copper Eq beginning 98 m downhole. NAK22-04 NAK22-04 NAK22-04 • Collared 250 metres west of NAK23-11’s 473 metres of NAK22-03 0.62% Copper Eq, beginning at
Slide 36: Expanding a High Grade Zone
Expanding a High Grade Zone • NAK23-17, the final hole of the 2023 program, returned the strongest results from the NAK program to date, in the newly discovered western expansion of the south zone. • Very strong, broad intercepts of copper, gold, and molybdenum returned 302 m @ 1.09 % CuEq (0.40% Cu
Slide 37: NAK23-16: 687.75 m of 0.28 % CuEq
NAK23-16: 687.75 m of 0.28 % CuEq NAK2-01 • NAK23-16, a 100 m northerly step-out from NAK23-11, encountered two distinct 70+ m zones of > 0.50 % CuEq, within a broad envelope of strongly anomalous sedimentary rocks and mineralized dyking. • Best mineralized intercepts lie on a northerly trend from i
Slide 38: NAK23-15: 596.44 m of 0.25 % CuEq
NAK23-15: 596.44 m of 0.25 % CuEq NAK2-01 • NAK23-15 was drilled ~ 160 m south of NAK23-11, and encountered strongly anomalous copper grades from surface, punctuated by numerous high grade mineralized intervals. • Intersected a greater abundance of pyrite mineralization, owing to its position closer
Slide 39: NAK23-14: 729 m of 0.30 % CuEq
NAK23-14: 729 m of 0.30 % CuEq NAK2-01 • NAK23-14 was drilled ~ 100 m north of NAK22-04, intersecting consistently mineralized rock to a depth of 560 m, including 212.29 m grading 0.51 % CuEq • Best mineralized zone was characterized by abundant bornite mineralization, far below the historically def
Slide 40: NAK23-13: 606 m of 0.23 % CuEq
NAK23-13: 606 m of 0.23 % CuEq NAK2-01 • NAK23-13 was drilled ~ 100 m South of NAK22-04, Intersecting 120 m of 0.30 % CuEq from surface, and a second, stronger zone of mineralization from 229 to 372 m, of 103 m grading 0.54 % CuEq • Strongest mineralization occurs as disseminations within narrow dyk
Slide 41: NAK23-12: 900 metres of 0.5% CuEq From Surface
NAK23-12: 900 metres of 0.5% CuEq From Surface NAK2-01 • NAK23-12 returned 900 m @ 0.50% Copper Equivalent from surface in the North Copper Zone, including 540 m @ 0.61% CuEq from 344 m • Copper contributed over 70% of the CuEq calculation, averaging 0.35% Copper throughout the 900-metre intercept N
Slide 42: NAK23-08 and -11: Continuous Grade Mineralization from Surface
NAK23-08 and -11: Discovered Continuous and Consistent Grade Mineralization from Surface in Untested Ground NAK2-01 • NAK 23-11 returned 102 metres @ 1.04% copper equivalent within 473 metres of 0.62% copper equivalent from surface • NAK 23-08 returned 776 m @ 0.50% copper equivalent from surface, r
Slide 43: NAK23-10: High Grade South Copper Gold Zone Expands North
NAK23-10: Proves that the High Grade South Copper Gold Zone Expands North NAK2-01 • NAK 23-10 returned 359 m @ 0.43% copper equivalent ("CuEq") within 830 m of 0.36% copper equivalent from surface • This hole was drilled into a large, previously untested area, significantly expanding the mineralized
Slide 44: NAK23-09: Discovery of a New Zone at NAK
NAK23-09: Discovery of a New Zone at NAK NAK2-01 • NAK23-09 intersected 117 metres of 0.40% copper equivalent from surface within 434 m of 0.25% CuEq • Drilled in an untested area collared 650 metres to the east of American Eagle’s main drilling area at NAK NAK22-04 NAK22-04 NAK22-04 NAK22-03 • This
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