Eagle Royalties Ltd. ( (TSE:ER) ) has provided an update.
Eagle Royalties Ltd. announced the commencement of a 30,000-meter diamond drilling program at Banyan Gold Corp.’s AurMac project in Yukon, where it holds royalty interests. The drilling aims to expand and define mineralized zones in the Airstrip and Powerline areas, with previous drilling reporting significant gold grades. This development could enhance Eagle Royalties’ position in the market by potentially increasing the value of its royalty interests, though the company relies on publicly available information and has limited access to the properties.
More about Eagle Royalties Ltd.
Eagle Royalties Ltd. is a company with a strong treasury and a diverse portfolio of over 35 royalty interests in western Canada. The company focuses on royalties related to critical metals, precious metals, industrial minerals, and diamonds. Its flagship royalty is associated with the AurMac Project in Yukon, operated by Banyan Gold Corp., where it holds royalty interests ranging from 0.5% to 2% on significant portions of the inferred gold resource.
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