on Eagle Royalties Ltd. (isin : CA26985E1034)
Encouraging Drill Results at AurMac Gold Project, Yukon
Eagle Royalties Ltd. has reported positive drill intercepts in the Airstrip area of the AurMac gold project, operated by Banyan Gold Corp. Key highlights from nine holes include 36.2 meters of 1.14 g/t Au and 46.4 meters of 1.31 g/t Au. Eagle Royalties holds 2% and 1% royalty interests in these claims without buy-down provisions.
As part of its 2024 exploration, Banyan drilled 118 holes, completing over 21,000 meters in the Powerline and Airstrip areas, with results pending for 16 holes. Previous tests showed gold recoveries up to 90% at Airstrip with various processing methods. Banyan plans a Resource update and a Preliminary Economic Assessment in 2025.
Eagle Royalties relies on publicly available data for its assessments, as direct access to properties is limited. Technical insights have been validated by C.C. Downie, P.Geo., a director at Eagle Royalties.
R. H.
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