Eagle Royalties holds a 2% net smelter royalty ('NSR') on certain claims totalling 5246 ha at MPW. EPL may buy back 1% of the NSR upon payment to ER of
About Mount Polley West
The MPW project is located 52km northeast of
Due to the proximity to the
Property Geology and History
The MPW property is underlain by
In response to the discovery of the Mount Polley deposit in 1964, exploration work increased in the region as other copper porphyry deposits were sought out. In the mid-1960's, a host of companies conducted a series of geophysical surveys and soil sampling programs. After a period of relative quiescence, exploration work increased in intensity in the early 1980's. A number of operators completed soil sampling programs, rock sampling campaigns, and geophysical surveys into the 1990's. During this period, several copper occurrences were discovered on the MPW property. Exploration in the 2000's and 2010's has been comparatively more subdued with mainly smaller soil sampling and geological mapping programs. There has been limited shallow drill testing completed within the current MPW project area.
2024 Work Program
After acquiring the core MPW claims,
Bedrock exposure is limited with varying depths of glacial till cover, however 10 BC MINFILE occurrences have been documented on the property. Interpretation of historical work and recent work by Eagle Plains has identified glacial till sampling as an effective tool in vectoring toward bedrock sources of mineralization. Analyses of gold grains present in widely spaced till samples collected by Eagle Plains in 2023 in the NW of the property indicate the potential for an up-ice mineralized source to the south. Tills down-ice from Mount Polley show similar gold grain counts and grain morphology.
2024 fieldwork will focus on increasing the density of till sampling in the central part of the property, up- ice from the anomalous 2023 till results and in the area of overlapping radiometric and magnetic geophysical anomalies which are consistent with the geophysical signature of Mount Polley. The 2024 work will be managed by TerraLogic Exploration of
About
Eagle Royalties was previously a wholly-owned subsidiary of
Eagle Royalties benefits from holding a diverse portfolio of royalty interests in western
Contact:
President and CEO
Tel: 1 866 (486 8673)
Email: info@eagleroyalties.com
Cautionary Note Regarding Forward-Looking Statements
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.
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