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EAGLE ROYALTIES LTD - $ERYTF STOCK NEWS

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Rhea-AI Summary
Eagle Royalties Ltd. has announced that Fathom Nickel Inc. has commenced diamond drilling on their Albert Lake property. Fathom intends to complete ~2,000m of drilling in 6-7 holes, with the majority of the target area located on mineral dispositions subject to a 2% net smelter royalty held by Eagle Royalties. The Royalty may be reduced to 1% upon payment to Eagle Royalties of CDN $1,000,000. The current drill program will focus on the Tremblay-Olson Claims area, approximately two km southwest of the historic Rottenstone Mine. The Tremblay-Olson Showing is defined by a lens-shaped ultramafic body exposed on the surface through trenching, with recorded trench values ranging from 0.16% Ni - 3.11% Ni; 0.06% Cu - 0.91% Cu; and 0.30 g/t - 1.01 g/t Pd+Pt. The drilling program aims to follow up on previous drilling completed in 1987 and a soil geochemistry program completed in Q4-2022, which identified a robust multi-element-in-soil anomaly measuring approximately four-square kilometers.
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