Toronto, Ontario–(Newsfile Corp. – May 21, 2024) – American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) (“American Eagle” or the “Company”) is delighted to announce the appointment of Gordon Stothart, former CEO of IAMGOLD Corp. (“IAMGOLD”), to the Company’s Board of Directors, effective immediately.
Mr. Stothart brings over 35 years of experience in the mining industry, with a background in management, operations, and technical expertise. He has managed projects globally, including the construction of the Antamina Mine in Peru and the Cote Gold mine in Ontario, Canada. His wealth of knowledge and experience will be valuable as American Eagle continues to advance the NAK copper-gold porphyry project.
Gordon Stothart’s Expertise
Gordon Stothart’s background as an independent mining consultant and professional engineer, along with his experience in global mining projects, will bring a fresh perspective to American Eagle’s Board of Directors. His role in constructing significant mines in Peru and Canada showcases his ability to drive successful project development, making him a valuable addition to the team.
“We are excited to welcome Gordon to the team as a member of our Board of Directors. His knowledge of the Babine region, as well as his extensive experience in operations, resource development, and capital markets will undoubtedly benefit our Company and our shareholders as we continue to advance the NAK copper-gold porphyry project,” said American Eagle Gold Chairman, Stephen Stewart.
Transition on the Board
In light of Stothart’s appointment, Alexander Stewart will be retiring as a director of the Company after over three years of service on the board. American Eagle expressed their gratitude towards Alexander for his contributions during his tenure.
Nak’s 2024 Drill Program
The 2024 drill program at NAK is set to begin shortly and will focus on expanding the Company’s understanding of the mineralized system. The program aims to link, define, and expand upon historical zones, with significant intercepts from previous drill programs indicating the potential for high-grade mineralization. This drilling initiative will further enhance the Company’s geological models and planning for the NAK project.
Insight on NAK Project
The NAK Project, located in British Columbia, has shown promising results from historical drilling, indicating a large near-surface copper-gold system. Recent drilling by American Eagle has revealed high-grade mineralization beyond the historical extent of drilling, pointing to multiple zones of mineralization on the property. The NAK Project benefits from excellent infrastructure, making it a strategic site for further exploration and development.
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About American Eagle Gold Corp.
American Eagle is dedicated to the exploration of its NAK copper-gold porphyry project in west-central British Columbia, Canada.
For more information, contact Anthony Moreau, Chief Executive Officer: 416.644.1567, amoreau@oregroup.ca, www.americaneaglegold.ca
Q.P. Statement
Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist, has verified the content of this news release as a qualified person under Canada’s National Instrument 43-101 Standards of Disclosure for Mineral Properties.
Forward-Looking Statements
The press release may contain forward-looking statements, including details about the Company’s drill program and future exploration plans. The Company aims to provide transparency in its operations and decision-making processes to enhance shareholder value.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.
