American Eagle Gold Corp (CVE:AE), part of the Ore Group led by Stephen Stewart, has begun trading its shares under the ticker symbol ‘AE’ on the TSX Venture Exchange.
The Nevada-focused exploration company’s flagship asset is the Golden Trend Project, immediately adjacent to Nevada Gold Mine’s (Barrick and Newmont JV) Goldrush deposit within the Cortez Trend. American Eagle is exploring for large Carlin-style type deposits within the same geologic environment as the adjacent Goldrush and Cortez Mines.
In a statement, American Eagle CEO Anthony Moreau said: “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 is targeting a high-grade, underground deposit in proximity to more than 75 million ounces of known gold resources. American Eagle’s 2,286 acre-Golden Trend property is comprised of 111 claims with well-maintained road access.
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. The company has a tight share structure and enough cash to fund the first phase of its exploration program.
Contact the author Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
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