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New Listing: American Eagle Gold Corp. (TSXV:AE)

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American Eagle is a Nevada-focused exploration company whose flagship asset is the Golden Trend Project, which is located about 72 kilometers or 45 miles south east of the town of Battle Mountain, Nevada.

Additional Information:

Company: American Eagle Gold Corp.
Website: http://www.AmericanEagleGold.ca
Stock Symbol: TSXV: AE
Date Published: May 3, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

American Eagle Gold Corp.is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “AE”.

American Eagle is a Nevada-focused exploration company whose flagship asset is the Golden Trend Project, which is located about 72 kilometers or 45 miles south east of the town of Battle Mountain, Nevada.

The property, which covers an area of 2,286 acres or 925 hectares, is adjacent to the 15 million ounce Goldrush deposit owned by Nevada Gold Mines, the joint venture between Barrick and Newmont.

Gold was first discovered in the district in the early 1800’s and since that time a series of major discoveries has resulted in the area developing into one of the largest gold producing districts in Nevada.

In July 2020, American Eagle Gold entered into an agreement to acquire the Golden Trend Project from Rubicon Resources Inc.

Previous to Rubicon Resources, Kinross Gold owned the project but only drilled two exploration holes.

Despite having numerous owners in the past, the property remains relatively unexplored with next to no historical drilling at depth.

American Eagle is exploring for large Carlin-style type deposits within the same geologic environment as the adjacent Goldrush and Cortez Mines.

Anthony Moreau , CEO, stated: "Golden Trend is underexplored given its prime location, attached to Newmont and Barrick's operations. American Eagle has a clear plan in place to move the project quickly forward towards a drill program."

The company plans to drill and advance its relatively unexplored property and continue to focus on acquiring and advancing gold projects in the area.

In February, the company raised gross proceeds of approximately $3.5 million ($3,493,229.80) from the placement of approximately 17.5 million units (17,466,149) priced at $0.20 per unit.

Each unit consisted of 1 share and one-half a warrant, with each full warrant exercisable at $0.30 for 24 months.

The shares are trading at $0.17.

American Eagle is part of the Ore Group of companies and is led by a strong technical and corporate team who collectively own 44% of American Eagle's shares.

For more information, please visit the company’s website www.AmericanEagleGold.ca, contact Anthony Moreau, CEO, at 416-644-1567 or email AMoreau@AmericanEagleGold.ca.

I’m Megan Edwards for Investmentpitch Media