Mining Stock Education

Pursuing Goldrush 2.0 (15M AuOz deposit) with American Eagle Gold’s CEO Tony Moreau


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American Eagle Gold (TSXV:AE) is focused on exploring for a world-class gold deposit on its flagship property, Golden Trend. The property is located on the Cortez Trend, next door to Barrick Gold and Newmont Mining’s Goldrush and Cortez Mine, which host over 27 million ounces of gold. The company is pursuing a Goldrush 2.0 type discovery and the exploration is being lead by Mark Bradley, the very geologist who was the project team leader during Barrick’s discovery of Goldrush. Drills are expected to be turning on the flagship Golden Trend project in September 2021. In this interview CEO Tony Moreau describes AE’s investment value proposition, upcoming milestones and plans for growth.
American Eagle Gold CEO Tony Moreau stated, “Where our property is, it's right next to the Goldrush deposit. What's the Goldrush deposit? It's coming to production in 2021…it has 15 million ounces of gold in the ground, averaging 10 grams per ton. It's the biggest and best new gold property that's coming online in the world right now. So where better to be than five miles next door to this property? If you look right now, there's seven of the largest 30 mining properties in the world are located either in the Cortez or Carlin camp. Three of those properties located in the Cortez camp, and Pipeline, Cortez, and Goldrush. We're right next door. We're on the same fault system as Cortez. So people say finding gold is very tricky. Well, at least we're taking our chances of finding it a lot better. We're right in elephant country, and I believe that we're going to find it.”
Note: This interview was recorded before the TSXV exchange issued the ticker symbol and confirmed the IPO date. Thus, that part of the discussion is dated. $AE began trading on the TSXV on 5.3.21 and will be listed on the OTC soon.
0:00 Introduction
0:47 Public listing very soon
2:05 Mark Bradley discovered Goldrush & will lead AE’s exploration
4:00 Exploration progress
6:16 Looking for strategic NV project acquisitions
6:42 Treasury and burn rate
7:16 Share structure
7:47 8,000 feet of drilling in September
8:04 ORX shareholders dividended AE shares
https://americaneaglegold.ca/
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Mining Stock EducationBy Bill Powers

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