Airborne Geophysical Survey Completed at Pine Channel Gold Project

CRANBROOK, BC / ACCESSWIRE / September 19, 2024 / Eagle Royalties Ltd. (CSE:ER) announced that its option partner Apogee Minerals Ltd (TSXV:APMI) has finalized an airborne geophysical survey at the Pine Channel property, located 40km west of Stoney Rapids. Apogee has the option to acquire an 80% interest in this property from Eagle Plains Resources Ltd. (TSXV:EPL), while Eagle Royalties holds a 2% NSR on the majority of claims, which can be reduced to 1% for $CDN 1,000,000.

The survey was conducted with a helicopter-borne high-resolution magnetic survey by Precision GeoSurveys, covering 267-line kilometres. It identified ten new trends providing potential exploration targets. The property features excellent access via a winter road, boat, or float plane, and recently received an exploration permit for advanced activities. Historical exploration in the area has intercepted high-grade gold, notably 0.5m of 407.96 g/t Au.