Drill Contractor Engaged For The Golden Gate Project

TORONTO - American Eagle Gold Corp. has engaged Major Drilling for the Company's initial drill program at its Golden Gate Project within the Cortez Trend of Nevada. The drill pad construction will be underway soon, and drilling is expected to commence in November. Drill permits have been received from the Bureau of Land Management for the Golden Gate drill campaign. The exploration team has utilized geochemistry and geophysics to delineate two initial drill target zones on the Cortez Fault zone. Geophysical targeting includes 2D seismic survey which showed significant folding & thrusting near-surface that could provide mineralization traps for Carlin-type deposits, and CSAMT which showed sizable and 'rooted' areas of high resistivity characteristic of lower plate carbonate rocks. The campaign will begin with a 3,000-meter program, with 3 – 4 drill holes focused on the Northern Cortez and Southern Cortez target zones. The goal of the program is to intercept lower plate rocks and identify deep alteration, and mineralization analogous. The results of the drill program will help the exploration team delineate a second drill campaign to vector into a discovery of an orebody.

"American Eagle Gold has taken great care in completing the appropriate groundwork to maximize the potential outcome of this upcoming drill program.  Our team understands the challenges that discovery brings, and being located within the Cortez Trend, will provides us valuable information and insight on the gold system we believe travels through the Golden Gate property. The Cortez trend has been an incredibly fertile ground for gold, and we believe we are well-positioned for discovery," said, Anthony Moreau, CEO.