CSAMT Results Outline Prospective Carlin-Type Drill Targets

TORONTO - American Eagle Gold Corp. has identified potential carlin-type drill targets at its Golden Gate property that are closer to the surface than initially believed.  These new targets have been delineated from the Controlled Source Audio Magnetotelluric ("CSAMT") survey the Company completed in May.  The Company also reports that it has begun a 2D seismic survey at Golden Gate, which will be combined with the data from the CSAMT to further refine its drill program in the fall.    

The purpose of this CSAMT survey is to identify resistive units that may represent carbonate rocks that could host favorable Carlin-type mineralization. The results from the CSAMT indicate the presence of highly resistive rocks beginning at 300 meters from the surface in an area that has never been drill tested.  

As a follow-up to the CSAMT survey, the Company is refining these potential drill targets with a two-line seismic survey now laid across the Golden Gate. This seismic survey will be completed in July and combined with the data from an earlier seismic survey undertaken on the Golden Gate property by Barrick Gold Corporation.  

2D seismic surveys are widely used in the oil and gas industry to delineate folding and low-angle structures which are undercover.  This exploration method is critical to understanding the deposit structure, allowing American Eagle Gold to delineate higher probability targets.