Additional Results Reported for Definition Drilling at AurMac Gold Project, Yukon

Rhea-AI Summary

Eagle Royalties (CSE:ER.CN) has reported significant drill results from Banyan Gold Corp.'s AurMac project in Yukon, where it holds royalty interests ranging from 0.5% to 2.0%. The results from 19 holes in the Powerline resource area, subject to Eagle's 1% net smelter return royalty, showed notable gold intercepts including 209.0 metres of 0.63 g/t Au and multiple other promising intersections.

Banyan's 2024 exploration program, which began June 1, completed 118 drill-holes totaling over 21,000 metres at the Powerline and Airstrip deposit areas. Metallurgical testing showed promising recovery rates of 93% at Powerline and 90% at Airstrip using conventional mill processing options. Banyan plans to release a Resource update in Q2 2025 and a Preliminary Economic Assessment in Q4 2025.

Positive

• High-grade gold intercepts including 209.0m of 0.63 g/t Au
• Strong metallurgical recovery rates of 93% at Powerline and 90% at Airstrip
• Extensive drilling program completed with 118 holes and 21,000m
• Upcoming Resource update and PEA catalysts in 2025

Negative

• access to property information as a royalty holder
• Uncertainty about exact drill hole locations relative to royalty claims

News Market Reaction

-25.00%

1 alert

-25.00% News Effect

On the day this news was published, EGPLF declined 25.00%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CRANBROOK, BC / ACCESS Newswire / January 30, 2025 / Eagle Royalties Ltd. (CSE:ER.CN) or ("Eagle Royalties") has recently learned of encouraging drill hole intercepts, including visible gold, at Banyan Gold Corp.'s AurMac project in central Yukon (see Jan 16^th BYN news release here). Eagle Royalties holds royalty interests ranging from 0.5% to 2.0% on certain claims which comprise a portion of the AurMac project. See additional AurMac royalty information here

According to the recent announcement, Banyan has reported results for 19 holes which appear to be drilled in the Powerline resource area on mineral claims subject to a 1% net smelter return royalty held by Eagle Royalties*. The highlighted reported results for the recent holes are as follows:

Highlighted AurMac Assay Results Relating to Eagle Royalties**:

• AX-24-551: 75.0 metres ("m") of 0.31 g/t Au from 102.6 m

• AX-24-561: 23.5 m of 1.06 g/t Au from 106.0 m

• AX-24-564: 45.7 m of 0.47 g/t Au from 96.2 m

• AX-24-575: 100.9 m of 0.31 g/t Au from 125.0 m

• AX-24-610: 23.9 m of 0.84 g/t Au from 116.8 m

• AX-24-610: 18.6 m of 1.15 g/t Au from 158.9 m

• AX-24-618: 209.0 m of 0.63 g/t Au from 35.1 m

*Complete analytical results can be found within the original Banyan news release here
**true widths are estimated to be approximately 90% of drilled intervals

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 January 16^th, 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 76 of the drill holes.

On September 16^th 2024 Banyan reported test recoveries of 93% in samples at Powerline and 90% at Airstrip using multiple conventional mill processing options including gravity recovery in combination with Carbon in Leach ("CIL")/Carbon in Pulp ("CIP") processes, and that work is ongoing for flotation-leach (see complete BYN news release here).

Banyan has also recently announced plans for 2025 work at the AurMac (see Jan 7^th 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 (currently in excess of CDN $3.5M) 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 0.5% to 2% on claims that contain a significant portion of AurMac's inferred gold resource located at the Powerline and Airstrip deposit areas. Eagle Royalties also holds royalty interests on a number of historical base metal deposits located in Western Canada.

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

FAQ

What are the latest drilling results from Eagle Royalties' (EGPLF) AurMac project?

The latest results include significant intercepts such as 209.0m of 0.63 g/t Au, 75.0m of 0.31 g/t Au, and 23.5m of 1.06 g/t Au from various holes in the Powerline resource area.

What are the metallurgical recovery rates for EGPLF's AurMac project?

Metallurgical testing showed recovery rates of 93% at Powerline and 90% at Airstrip using conventional mill processing options including gravity recovery with CIL/CIP processes.

What is Eagle Royalties' (EGPLF) royalty percentage in the AurMac project?

Eagle Royalties holds royalty interests ranging from 0.5% to 2.0% on certain claims, with a 1% net smelter return royalty specifically in the Powerline resource area.

What are the major milestones planned for EGPLF's AurMac project in 2025?

Banyan plans to release a Resource update in Q2 2025 and complete a Preliminary Economic Assessment (PEA) in Q4 2025.