Results Reported for Definition Drilling at AurMac Gold Project, Yukon
Eagle Royalties reports encouraging drill results from the AurMac gold project in Yukon, where it holds royalty interests ranging from 0.5% to 2.0%. Banyan Gold's drilling program revealed significant gold intercepts across 13 holes in the Powerline resource area, subject to Eagle's 1% net smelter return royalty. Notable results include intersections of visible gold and high-grade intervals, with highlights such as 197.0m grading 0.72 g/t Au and exceptional grades of 539.30 g/t over 0.2m. Banyan completed 118 drill-holes totaling over 21,000m in 2024, with test recoveries showing 93% at Powerline and 90% at Airstrip using conventional mill processing.
Eagle Royalties riporta risultati promettenti dalle perforazioni del progetto aurifero AurMac nello Yukon, dove detiene interessi da royalty che vanno dallo 0,5% al 2,0%. Il programma di perforazione di Banyan Gold ha rivelato significativi rinvii d'oro in 13 fori nella zona delle risorse di Powerline, soggetta alla royalty di Eagle del 1% sul ritorno netto di fusione. I risultati notevoli includono intersezioni di oro visibile e intervalli ad alta legge, con picchi come 197,0 m che mostrano una gradazione di 0,72 g/t Au e straordinarie gradazioni di 539,30 g/t su 0,2 m. Banyan ha completato 118 perforazioni per un totale di oltre 21.000 m nel 2024, con recuperi di test che mostrano il 93% a Powerline e il 90% a Airstrip utilizzando un processo di macinazione convenzionale.
Eagle Royalties informa sobre resultados de perforación alentadores del proyecto de oro AurMac en Yukon, donde posee intereses de regalías que varían del 0,5% al 2,0%. El programa de perforación de Banyan Gold reveló interceptaciones significativas de oro en 13 agujeros en el área de recursos de Powerline, sujetas a la regalía del 1% de Eagle sobre el retorno neto de fundición. Los resultados notables incluyen intersecciones de oro visible y intervalos de alta ley, con destacados como 197,0 m con una gradación de 0,72 g/t Au y gradaciones excepcionales de 539,30 g/t sobre 0,2 m. Banyan completó 118 perforaciones con un total de más de 21,000 m en 2024, con recuperaciones de prueba que muestran un 93% en Powerline y un 90% en Airstrip utilizando procesamiento convencional de molino.
이글 로열티는 유콘의 오르맥 금 프로젝트에서 유망한 시추 결과를 보고했습니다. 이 지역에서 보유하고 있는 로열티 지분은 0.5%에서 2.0%까지 다양합니다. 바냔 골드의 시추 프로그램은 파워라인 자원 지역에서 13개의 구멍에서 중요한 금 매장량을 드러냈으며, 이 영역은 이글의 1% 순 용광로 수익 로열티에 해당합니다. 주목할 만한 결과로는 가시적인 금과 고품질 간격의 교차점이 포함되어 있으며, 197.0m에서 0.72g/t Au의 등급과 0.2m에서 539.30g/t의 뛰어난 등급이 있습니다. 바냔은 2024년에 총 21,000m 이상을 포함하는 118개의 시추 홀을 완료했으며, 시험 회수율은 파워라인에서 93%, 에어스트립에서 90%로 나타났습니다.
Eagle Royalties rapporte des résultats de forage encourageants du projet aurifère AurMac dans le Yukon, où elle détient des intérêts de redevance allant de 0,5 % à 2,0 %. Le programme de forage de Banyan Gold a révélé des interceptions d'or significatives à travers 13 puits dans la zone de ressources de Powerline, soumise à la redevance de 1 % d'Eagle sur le retour net de fusion. Les résultats notables incluent des intersections d'or visible et des intervalles de haute teneur, avec des points forts tels que 197,0 m affichant un taux de 0,72 g/t Au et des grades exceptionnels de 539,30 g/t sur 0,2 m. Banyan a complété 118 forages totalisant plus de 21 000 m en 2024, avec des récupérations de test montrant 93 % à Powerline et 90 % à Airstrip utilisant le traitement conventionnel des meules.
Eagle Royalties berichtet von ermutigenden Bohrergebnissen aus dem AurMac-Goldprojekt im Yukon, wo sie Royaltanteile von 0,5 % bis 2,0 % hält. Das Bohrprogramm von Banyan Gold offenbarte signifikante Goldinterzeptionen in 13 Löchern im Ressourcengebiet Powerline, das unter Eagles 1 % netto Schmelzerlös-Royalty steht. Zu den bemerkenswerten Ergebnissen gehören Schnittstellen mit sichtbarem Gold und hochgradigen Intervallen, mit Highlights wie 197,0 m mit einer Gehalte von 0,72 g/t Au und außergewöhnlichen Gehalten von 539,30 g/t über 0,2 m. Banyan hat im Jahr 2024 insgesamt 118 Bohrlöcher mit über 21.000 m abgeschlossen, wobei die Testwiedergewinnungsraten 93 % in Powerline und 90 % in Airstrip mit konventioneller Mahlanlage zeigen.
- High-grade gold intersections reported, including 539.30 g/t over 0.2m and 290.10 g/t over 0.3m
- Strong recovery rates: 93% at Powerline and 90% at Airstrip
- Extensive drilling program completed with 118 holes and over 21,000m
- Multiple instances of visible gold reported in drill cores
- None.
CRANBROOK, BC / ACCESSWIRE / November 6, 2024 / Eagle Royalties Ltd. (CSE:ER.CN), or "Eagle Royalties") has learned of encouraging drill hole intercepts, including visible gold, at the AurMac project in central Yukon in a recent public announcement made by Banyan Gold Corp. on November 4th, 2024 (see Nov 4th BYN news release here). Banyan earlier announced results for AurMac in a news release issued September 5th 2024 (see Sept 5th BYN news release here). Eagle Royalties holds royalty interests ranging from
According to the announcements, Banyan has reported results for 13 holes which appear to be drilled in the Powerline resource area on mineral claims subject to a
Highlight AurMac Assay Results Relating to Eagle Royalties*:
AX-24-519: 138.7m grading 0.52 g/t gold ("Au") from 6.1m-visible gold reported
AX-24-520: 98.1m grading 0.72 g/t Au from 33.7m-visible gold reported
AX-24-521: 111.4m grading 0.52 g/t Au from 45.5m
AX-24-522: 184.3m grading 0.60 g/t Au from 24.9m-visible gold reported
AX-24-523: 62.0m grading 0.35 g/t Au from 21.3m
AX-24-524: 197.0m grading 0.72 g/t Au from 10.5m
AX-24-534: 48.0m grading 0.53 g/t gold from 75.1m-visible gold reported
AX-24-537: 37.4m grading 0.33 g/t gold from 85.1m
AX-24-540: 0.2m grading 539.30 g/t from 166.1m
and 56.7m grading 0.36 g/t gold from 166.3m-visible gold reported
AX-24-542: 154.1m grading 0.58 g/t gold from 18.3m-visible gold reported
AX-24-544: 0.3m grading 290.10 g/t gold from 37.1m
and 30.3m grading 0.37 g/t gold from 146.2m-visible gold reported
AX-24-545: 78.6m grading 0.41 g/t gold from 74.9m
AX-24-548: 79.6m grading 0.56 g/t gold from 26.5m
*true widths are estimated to be approximately
The above technical information relating to drill collar location and analytical results has been taken directly from the Banyan Gold news releases dated September 5th 2024 and November 4th 2024. More detailed drilling information, analytical procedures and results are available in the full news releases 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 completed in mid-October and core continues to be logged and processed.
On September 16th, Banyan reported test recoveries of
Banyan further reported on October 1, 2024 that it had contracted Geotech Ltd. to conduct a helicopter-supported Z-axis Tipper Electromagnetic ("ZTEM") geophysical survey over a 234 square kilometer area on the AurMac project, which was to include the Powerline and Airstrip deposit areas. Results from this survey have not been publicly released (see complete BYN news release here ).
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
Eagle Royalties was previously a wholly-owned subsidiary of Eagle Plains Resources Ltd. (TSXV:EPL), incorporated in late 2022 to manage the diverse royalty holdings of EPL. In May 2023, ER listed on the CSE after being spun out to Eagle Plains' shareholders on a 1:3 basis by means of a plan of arrangement.
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 accesswire.com
FAQ
What are the latest drill results from Eagle Royalties' (EGPLF) AurMac project in November 2024?
What are the recovery rates reported for Eagle Royalties' (EGPLF) AurMac project in 2024?
How many drill holes did Banyan complete at Eagle Royalties' (EGPLF) AurMac project in 2024?
