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Eagle Royalties Ltd T.ER


Primary Symbol: C.ER Alternate Symbol(s):  ERYTF

Eagle Royalties Ltd. is engaged in holding royalty assets. The Company holds royalty interests in approximately 35 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds and industrial minerals. The Company’s portfolio includes the flagship AurMac (McQuesten) Royalty that overlies a portion of Banyan Gold Corp’s gold discovery at their AurMac Property located in the central Yukon Territory. Its Schott's Lake Royalty, George Lake Royalty and Knife Lake Royalty are situated in Saskatchewan, Canada. The Eskay Creek Royalty is situated in British Columbia, Canada. Its other royalties include Acacia, Adamant, Albert Lake, Axis Lake, BC Mas, Beaven, Black Diamond, Black Water Regional, Brownell Lake, Cathro, Coyote Creek, Cup Lake, Elsiar, East Goldfield, Fort a la Corne, Dianne Lake, Hanson North, Hot Punch, Hunter Basin, Manson Bay South, Kalum and more.


CSE:ER - Post by User

Bullboard Posts
Post by 4uon Jul 27, 2011 8:41pm
290 Views
Post# 18881000

G El mine construction start by year end

G El mine construction start by year end

At the Éléonore project in Quebec, infill surface diamond drilling continued with a total of 25 kilometers completed for the year. An update to the geological model has been initiated, with completion expected in the fourth quarter of 2011. An additional 10 kilometres of drilling is scheduled and will focus on the central portion of the ore body to upgrade inferred mineral resources and on the northern portion of the deposit, where high grade results have been previously intersected and show potential for additional mineral resources. Construction of the exploration ramp began on April 9, 2011 and has now advanced 180 metres in length and is progressing toward the 650-meter level. The ramp will provide drilling locations along the ore body to help better define the resource. On June 30, 2011, the exploration shaft reached a depth of 351 metres and remains on schedule with completion targeted for the second quarter of 2012.

Detailed engineering of the production shaft and related infrastructure is underway, as is the preparation of site pre-construction items including the main access road, permanent bridges, a 120kV sub-station, the construction camp, the upgrade of waste water pond, and waste pad expansion. The basic design study for a 7,000 tonne per day processing plant has also been completed. The project remains on track to receive the Environmental and Social Impact Assessment (ESIA) permit in the third quarter of 2011 which will allow construction to commence.

Bullboard Posts
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