on Eagle Royalties Ltd. (isin : CA26985E1034)
Encouraging Drilling Results at AurMac Gold Project
Eagle Royalties Ltd. announced promising drilling results at Banyan Gold Corp.'s AurMac project in Yukon. Highlights include visible gold from the Powerline area, where Eagle Royalties holds a 1% net smelter return royalty. Key results show significant gold interceptions, such as 209.0 meters of 0.63 g/t Au in drill hole AX-24-618.
Banyan completed 118 drill holes and over 21,000 meters of drilling in 2024, releasing results for 76 holes so far. Test recoveries showed 93% at Powerline, prompting further plans for 2025, including a Resource update and Preliminary Economic Assessment.
Eagle Royalties, with limited access to the sites, relies on publicly available information. Management stresses the accuracy of these reports but acknowledges not having full geological data.
R. E.
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