American Eagle Gold

Overview

Nevada is home to the world’s most prolific gold-producing district and ranks the second-largest for known gold resources in the world. While many know the famous Carlin Trend, the state’s more mature Cortez Trend is shaping up to be one of the most prolific areas in the world to be exploring for gold.

Since 1996, Nevada’s Cortez Trend has seen a substantial spike in cumulative gold production, averaging approximately one million ounces a year since. Less than half the age of the Carlin Trend in terms of being a major gold producing district, the Cortez trend has incredible upside and many world-class orebodies yet to be discovered.

American Eagle Gold (TSXV:AE) is a mineral exploration company focused on exploring world-class gold deposits in North America. The company’s flagship Golden Trend project sits on the Cortez Trend, adjacent to Nevada Gold Mines’ Goldrush and Cortez Mine, the joint venture between Barrick Gold (TSX:ABX) and Newmont (TSX:NGT).

Golden Trend is strategically situated on the Cortez Trend, which hosts three large Carlin-type gold deposits operated by Barrick and Newmont’s Joint Venture, Nevada Gold Mines (Pipeline, Cortez Hills and Goldrush). The three mines north of Golden Trend host over 50 million oz. of gold reserves and resources. In total, they have produced over 25 million oz. since 1996. Newmont and Barrick’s three world-class properties were discovered ten years after one another, moving southwest along the Cortez trend. Golden Tend is a property southwest of the Nevada Gold Mines’ Goldrush deposit, which was discovered ten years ago.

The property has seen several generations of fieldwork, but no drilling deeper than 600m has been conducted, and only four holes were completed to depths greater than 350m. This lack of drilling creates huge potential for investors if drilling intercepts gold mineralization. Golden Trend is in the best possible location, being attached to Newmont and Barrick’s property. It also has a world-renowned expert in exploring carlin-type orebodies. With the proper plan and work, there is a real possibility that the next world-class orebody on this trend can be uncovered.

American Eagle is part of the Ore Group of companies, whose overall business plan centres on consolidating prospective land packages in mining-friendly jurisdictions and employing a talented team with strong financial and technical expertise. Golden Trend represents an opportunity to make a world-class gold discovery, which is paramount to American Eagle’s growth.

The company’s management team has extensive local and geological knowledge of the Golden Trend regional area, which poises excellent developmental capabilities and advanced exploration targeting American Eagle Gold. Most notably, Mark Bradley, American Eagle Gold’s VP of Exploration, was formerly the principal geologist of exploration opportunities at Barrick Gold and was co-discoverer of the Goldrush deposit. His top expertise in Carlin-type deposits and over 35 years of mining experience adds significant leadership power to the American Eagle Gold management team.

“The company intends to continue developing its property and focus on making smart, creative, accretive deals in the area. Its 2021 exploration plan involves field exploration to develop high probability targets for its drilling campaign to begin in Q3 2021.”

American Eagle Gold has a strong share structure with 56.5 million shares outstanding and a shareholder portfolio made largely of insiders, institutions, and management. Additionally, the company has an excellent financial footing with over $3 million in cash.

Company Highlights

• American Eagle Gold’s management team comprises world-class experts in Carlin-type deposits and mining exploration. The company’s VP of Exploration, Mark Bradley, brings to the company unique local geographic expertise, including his role as the Cortez project team leader during Barrick Gold’s discovery of the prolific Goldrush mine.
• American Eagle Gold is a gold and mineral company focused on its flagship Golden Trend project, a relatively underexplored property in Nevada’s Cortez Trend.
• The Golden Trend property presents the company with exceptional early-stage discovery potential.
• The company leverages excellent infrastructure, mining-friendly conditions and strategic positioning. Golden Trend is attached to Barrick and Newmont’s Nevada Gold Mines property, which hosts three world-class gold deposits, including Goldrush, which is just 6km Northeast.
• American Eagle Gold acquired 100 percent interest in the NAK property in the Babine Copper-Gold Porphyry district in central British Columbia.