Additional Results Reported for Definition Drilling at AurMac Gold Project, Yukon
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.
Eagle Royalties (CSE:ER.CN) ha riportato risultati significativi dai sondaggi del progetto AurMac della Banyan Gold Corp. nello Yukon, dove detiene interessi sulle royalties che vanno dallo 0,5% al 2,0%. I risultati provenienti da 19 fori nell'area delle risorse Powerline, soggetta a una royalty netta del 1% da parte di Eagle, hanno mostrato notevoli intercettazioni d'oro, tra cui 209,0 metri a 0,63 g/t Au e numerose altre promettenti intersezioni.
Il programma di esplorazione 2024 di Banyan, avviato il 1° giugno, ha completato 118 fori di perforazione per un totale di oltre 21.000 metri nelle aree dei depositi Powerline e Airstrip. I test metallurgici hanno mostrato tassi di recupero promettenti del 93% a Powerline e del 90% ad Airstrip utilizzando opzioni di lavorazione conventionale. Banyan prevede di rilasciare un aggiornamento delle risorse nel secondo trimestre del 2025 e una valutazione economica preliminare nel quarto trimestre del 2025.
Eagle Royalties (CSE:ER.CN) ha reportado resultados significativos de perforación del proyecto AurMac de Banyan Gold Corp. en Yukon, donde posee intereses de regalías que van del 0.5% al 2.0%. Los resultados de 19 agujeros en el área de recursos Powerline, sujetos a la regalía de retorno de fundición neto del 1% de Eagle, mostraron intersecciones notables de oro, incluyendo 209.0 metros de 0.63 g/t Au y múltiples otras intersecciones prometedoras.
El programa de exploración 2024 de Banyan, que comenzó el 1 de junio, completó 118 agujeros de perforación totalizando más de 21,000 metros en las áreas de depósitos Powerline y Airstrip. Las pruebas metalúrgicas mostraron tasas de recuperación prometedoras del 93% en Powerline y del 90% en Airstrip utilizando opciones de procesamiento convencional. Banyan planea publicar una actualización de recursos en el segundo trimestre de 2025 y una Evaluación Económica Preliminar en el cuarto trimestre de 2025.
이글 로열티 (CSE:ER.CN)는 유콘에 있는 바니안 골드 코퍼레이션의 아우르맥 프로젝트에서 중요한 시추 결과를 보고했습니다. 이곳에서 이글은 0.5%에서 2.0%까지의 로열티 이익을 보유하고 있습니다. 이글의 1% 순 용광로 수익 로열티가 적용된 파워라인 자원 지역의 19개 홀에서 나온 결과는 209.0미터에서 0.63g/t Au를 포함한 주목할만한 금 섭취를 보여주었으며, 여러 다른 유망한 교차점이 있었습니다.
바니안의 2024 탐사 프로그램은 6월 1일에 시작되어 파워라인과 에어스트립 광산 지역에서 총 21,000미터 이상의 118개 시추홀을 완료했습니다. 금속 시험에서는 파워라인에서 93%, 에어스트립에서 90%의 유망한 회수율이 나타났습니다. 바니안은 2025년 2분기에 자원 업데이트를 발표하고 2025년 4분기에 초기 경제성 평가를 계획하고 있습니다.
Eagle Royalties (CSE:ER.CN) a rapporté des résultats de forage significatifs du projet AurMac de Banyan Gold Corp. dans le Yukon, où elle détient des intérêts royaux allant de 0,5% à 2,0%. Les résultats de 19 trous dans la zone des ressources Powerline, soumis à la redevance nette du fondeur de 1 % d'Eagle, ont montré des interceptions d'or notables, y compris 209,0 mètres à 0,63 g/t Au et plusieurs autres intersections prometteuses.
Le programme d'exploration 2024 de Banyan, qui a débuté le 1er juin, a complété 118 trous de forage totalisant plus de 21 000 mètres dans les zones de dépôt Powerline et Airstrip. Les tests métallurgiques ont montré des taux de récupération prometteurs de 93% à Powerline et de 90% à Airstrip en utilisant des options de traitement conventionnelles. Banyan prévoit de publier une mise à jour des ressources au deuxième trimestre de 2025 et une évaluation économique préliminaire au quatrième trimestre de 2025.
Eagle Royalties (CSE:ER.CN) hat bedeutende Bohrergebnisse aus dem AurMac-Projekt von Banyan Gold Corp. im Yukon berichtet, wo sie Royalty-Interessen von 0,5% bis 2,0% halten. Die Ergebnisse aus 19 Bohrlöchern im Ressourcenbereich Powerline, der der 1% Net Smelter Return Royalty von Eagle unterliegt, zeigten bemerkenswerte Goldinterzeptionen, darunter 209,0 Meter mit 0,63 g/t Au und mehrere weitere vielversprechende Schnittpunkte.
Das Explorationsprogramm von Banyan für 2024, das am 1. Juni begann, hat 118 Bohrlöcher mit über 21.000 Metern in den Ablagerungsgebieten Powerline und Airstrip abgeschlossen. Metallurgische Tests zeigten vielversprechende Rückgewinnungsraten von 93% in Powerline und 90% in Airstrip unter Verwendung konventioneller Aufbereitungsmöglichkeiten. Banyan plant, im zweiten Quartal 2025 ein Update zu den Ressourcen herauszugeben und im vierten Quartal 2025 eine vorläufige Wirtschaftlichkeitsuntersuchung vorzulegen.
- 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
- access to property information as a royalty holder
- Uncertainty about exact drill hole locations relative to royalty claims
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 16th BYN news release here). Eagle Royalties holds royalty interests ranging from
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
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
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 16th, 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 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 (currently in excess of CDN
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?
What are the metallurgical recovery rates for EGPLF's AurMac project?
What is Eagle Royalties' (EGPLF) royalty percentage in the AurMac project?
What are the major milestones planned for EGPLF's AurMac project in 2025?
