Additional Results Reported for Definition Drilling at AurMac Gold Project, Yukon
Rhea-AI Summary
Eagle Royalties (CSE:ER.CN) has reported new drill results from Banyan Gold Corp.'s AurMac project in Yukon, where it holds royalty interests ranging from 0.5% to 2%. Six of 13 holes drilled within the 1% royalty area showed significant gold intercepts, with notable results including:
- 32.0m of 1.56 g/t Au from 41.21m (AX-24-627)
- 46.6m of 0.51 g/t Au from 43.4m (AX-24-631)
- 33.2m of 0.73 g/t Au from 133.0m (AX-24-633)
Banyan's 2024 exploration program, completed in mid-October, included 118 drill-holes totaling over 21,000m. Test recoveries showed 93% at Powerline and 90% at Airstrip using conventional mill processing. Banyan plans a Resource update in Q2 2025 and a Preliminary Economic Assessment in Q4 2025.
Positive
- Strong gold intercepts reported in multiple drill holes, with significant widths and grades
- High recovery rates demonstrated: 93% at Powerline and 90% at Airstrip
- Upcoming catalysts with Resource update (Q2 2025) and PEA (Q4 2025)
Negative
- None.
News Market Reaction – EGPLF
On the day this news was published, EGPLF declined 22.11%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CRANBROOK, BC / ACCESS Newswire / February 6, 2025 / Eagle Royalties Ltd. (CSE:ER.CN) or ("Eagle Royalties") has recently learned of encouraging drill hole intercepts from Banyan Gold Corp.'s AurMac project in central Yukon (see Feb 4th BYN news release here). Eagle Royalties holds royalty interests ranging from
According to the recent announcement, Banyan has reported results for 6 of 13 holes which appear to be drilled within the area of claims subject to a
Highlighted Assay Results Relating to Eagle Royalties**:
AX-24-622: 12.6 metres ("m") of 1.60 g/t Au from 318.5 m
AX-24-625: 13.1m of 0.48 g/t Au from 138.1m
AX-24-627: 32.0 m of 1.56 g/t Au from 41.21 m
AX-24-630: 9.0m of 1.20 g/t Au from 86.0m
AX-24-631: 46.6 m of 0.51 g/t Au from 43.4 m
AX-24-633: 33.2 m of 0.73 g/t Au from 133.0 m
*Complete analytical results can be found within the original Banyan news release here
**true widths are estimated to be approximately
See drill-hole locations here
The above technical information relating to drill collar location and analytical results have been taken directly from the Banyan Gold news release dated February 4th, 2025. More detailed drilling information, analytical procedures and results are available in the full news release issued by Banyan. Eagle Royalties management believes that although the reported true thickness estimates and drill collar location coordinates are accurate, it cautions that ER does not have detailed geological data or final surveyed locations of the drill hole traces in relation to the claims that are underlain by the ER royalty interests.
As reported by Banyan, the company initiated its 2024 exploration program on June 1 2024, and has completed 118 drill-holes and over 21,000 m of drilling within the Powerline and Airstrip deposit areas. Drilling was reportedly completed in mid-October and to date, Banyan has released results for 98 of the drill holes. Results are pending for an additional 16 drillholes within the boundaries of the ER
On September 16th 2024 Banyan reported test recoveries of
Banyan has also recently announced plans for 2025 work at the AurMac (see Jan 7th BYN news release here), which include a Resource update in Q2 and a Preliminary Economic Assessment (PEA) in Q4.
As a royalty holder, Eagle Royalties has limited, if any, access to the properties subject to its interests. The company generally relies on publicly available information regarding these properties and related operations and often has no ability to independently verify such information. In addition, such publicly available information may relate to a larger property area than that covered by the company's interests.
Qualified Persons
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Royalties, hereby identified as the "Qualified Person" under N.I. 43-101.
About Eagle Royalties Ltd.
Eagle Royalties benefits from maintaining a strong treasury and holds a diverse portfolio of 38 royalty interests in western Canada. Target commodities subject to royalties include a broad spectrum including critical metals, precious metals, industrial minerals and diamonds. Its flagship royalty is associated with the AurMac Project located in Yukon, operated by Banyan Gold Corp. ER holds royalty interests ranging from
On behalf of the Board of Directors
"Tim J. Termuende"
President and CEO
For further information regarding ER, please contact Mike Labach, Business Development Officer, at
1 866 HUNT ORE (486 8673)
Email: info@eagleroyalties.com or visit our website at https://www.eagleroyalties.com/
Cautionary Note Regarding Forward-Looking Statements
Neither the CSE nor any other regulatory body has reviewed or approved the contents of this news release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Royalties Ltd.
View the original press release on ACCESS Newswire