Airborne Geophysical Survey Completed at Pine Channel Gold Project, Saskatchewan

CRANBROOK, BC / ACCESSWIRE / September 19, 2024 / Eagle Royalties Ltd. (CSE:ER) reports that operator Eagle Plains Resources Ltd. (TSXV:EPL), or ("Eagle Plains") has recently issued news confirming that option partner Apogee Minerals Ltd (TSXV:APMI) has completed an airborne geophysical survey at Eagle Plains' 100% owned Pine Channel property (the "Property"), located approximately 40km km west of Stoney Rapids. Apogee holds the exclusive option to acquire an 80% interest in the Property from EPL. Eagle Royalties holds a 2% NSR on the majority of claims comprising the Pine Channel property, which may be bought down to 1% for consideration of $CDN 1,000,000.

The current program was comprised of a helicopter-borne high-resolution magnetic survey completed by Precision GeoSurveys of Langley, BC and managed by Terralogic Exploration Inc. of Cranbrook, BC.

Pine Channel Highlights

• Recently completed geophysical program included a 267-line kilometre, helicopter-borne survey conducted at 75m line spacing,

• Ten new trends have been identified, offering new adjacent- and along-strike target extensions,

• Excellent access with existing winter road to within 1km of property boundaries, with central portions of the property accessible by boat or float plane,

• Exploration permit has recently been received and provides for advanced exploration activities,

• Encouraging historical exploration to date including bonanza-grade Au mineralized historical drill intercepts.

Pine Channel Geophysical Survey
The northern part of the 8,878 hectare Pine Channel Property hosts numerous gold occurrences ranging from trace quantities to up to 870 g/t Au in grab samples. Shallow historical drilling has intercepted 0.6m of 63.50 g/t Au (Algold Bay, SMDI 1575), 1.75m of 5.27 g/t Au (ELA, SMDI 1574), and 0.5m of 407.96 g/t Au (North Norite Bay, SMDI 2183). The mineralization is interpreted to be closely related to northwest/southeast trending shear zones which are commonly identifiable in high resolution magnetic data.

The recently completed 2024 exploration program included a 267-line kilometre, helicopter-borne, magnetic survey at 75m line spacing over areas of the property that were without prior detailed magnetic coverage and geologic mapping in the vicinity of the Algold Bay occurrence. Several structural trends considered important for Au have been identified and ten new prospective trends have been located. Additional groundwork is recommended along several of the trends identified from the recently completed survey.

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