Eagle Royalties Ltd T.ER

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

Metals & Mining Industrial Metals & Minerals

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.

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Eagle Royalties Ltd

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Comment by ja_prufrockon Jul 26, 2010 1:31pm

485 Views

Post# 17297167

RE: G's board seat

Hi Micke,

Thanks for the Aricept recommendation.

"For now I see through a glass darkly. But then face to face: for now I know in part, but then shall I know even as I'm known."

I Corinthians, 13:12

Below you will see that G has been invited into many chicken coops, several of which bed in my stable, including CKG whose CEO is a member of G's Board. The short of it is that this is (in most cases) the mutually dependent MO of both the Juniors (for funding and technology) and the Majors (for discovery and reserves in lieu of their own exploration staff).

These relationships work in most cases because of the established reputations of both parties. If it is going to work in the future, good business relationships and practices must be maintained. When it is not maintained, word will spread fast. There's not much anyone can do about it, so if you don't like what you see, the best option is to fold your hand and get out, as opposed to wringing your hands in frustration and destroying your health.

So that was my basic message. Incidentally, FYI, I usually "listen" closely to what Silverton , Flayer, Blacky, 0007 (although he doesn't post anymore), and a few others have to say. Please don't be offended by my attempt to inject some humor. For disclosure I own Goldcorp. The JV list appears below. Please pass the Aricept and lithium. Thank you.

Kind Regards,

JA_P

In addition to Goldcorp's internalexploration programs, Goldcorp seeks out exploration partnerships andjoint ventures with exploration-focused companies working incomplementary low-risk jurisdictions. These partnerships give Goldcorpaccess to additional exploration upside, with minimal risk. Meanwhile,our partners benefit from additional funding for their projects and fromour expertise in advancing projects beyond the exploration phase. Asof December 31, 2008 Goldcorp had established joint ventures and/orpartnerships with the following mining and exploration companies:

Azimut Exploration Inc. (AZM- TSXV) - In April of 2005 Goldcorp optioned the Wabamisk Property in the James Bay area of Quebec. To earn a 51% interest Goldcorp must make payments of $CAN 500,000 on or before the fourth anniversary and complete to $CAN 4.0 Million in exploration expenditures on or before the fifth anniversary. An additional 19% can be acquired if Goldcorp funds the project through completion of a bankable feasibility study. See Eastmain for an additional joint venture with Azimut.
Canasil Resources Inc. (CLZ – TSXV) - Canasil optioned the Goldcorp (Luismin) owned Tres Marias/Cebollas claims in August, 2003. Agreement terms include issuance of 50,000 shares of Canasil stock and expending $US 1.7 Million by 2009, to earn a 75% interest. Goldcorp (Luismin) has an "earn back" provision.
Candente Resource Corp. (DNT - TSX) and Canaco Resources Inc. (CAN-TSXV) - Candente and Canaco optioned the Goldcorp (Luismin) owned El Oro Property in August 2006. Terms of the joint venture include issuance of 250,000 Candente and 250,000 Canaco shares as well as expending $US 10.0 Million over five years, to earn a 70% interest. Goldcorp (Luismin) has an "earn back" provision.
Chesapeake Gold Corp. (CKG – TSXV) - Chesapeake optioned the Luismin owned La Gitana Property in Oaxaca State in March, 2003. Chesapeake can earn a 51% interest in the project by incurring an aggregate expenditure of $US 1.0 Million by 2008. Chesapeake may earn an additional 24% by incurring an additional $US 1.0 Million by the end of 2010. There is no "earn back" provision for Goldcorp.
Eastmain Resources Inc. (ER – TSX) – In June of 2006 Eastmain has entered into an option agreement with Goldcorp and Azimut Exploration Inc. to explore the Eleonore South Property, located in the James Bay area of Quebec. Eastmain has completed its first option requirements and the project is operating as a joint venture with Eastmain acting as Project Manager. Goldcorp currently has a 33.33% interest in the Eleonore South Project
Kasabonika Lake First Nation – In January 2008 Goldcorp signed a joint venture exploration agreement with Kasabonika Lake First Nation in northwestern Ontario to explore within a designated part of the Kasabonika Lake First Nation Traditional Lands. This business relationship is based on understanding, respect, and mutual interest.
Kings Minerals NL (KMN – ASX, Australia) - In January of 2006, Kings Minerals earned a 51% interest in the San Anton porphyry gold, silver, copper project in Mexico, by paying $US 510,000 in cash and incurring $US 3.0 Million in expenditures. Exploration is ongoing.
Orko Silver Corp. (OK – TSXV) - In 2003, Orko optioned the Santa Monica Property, located in Durango State, Mexico. Terms of the joint venture includes issuance of 100,000 Orko shares and expending $US 1.5 Million over six years, to earn 75%. Goldcorp (Luismin) has an “earn back” provision.
Pele Mountain Resources (GEM - TSXV) – Upon completing $CAN 1.5 Million in exploration expenditures, Goldcorp completed its option requirements and formed a 50-50 joint venture with Pele Mountain Resources on the Festival Diamond Project located near Wawa, Ontario.
Planet Exploration Inc. (PXI - TSXV) – Goldcorp has earned a 60% interest in the Sidace Lake Project in Red Lake, Ontario , by spending $CAN 2.55 Million over three years. Presently a 6,000 metre deep drilling program is being carried out on the Discovery Zone.
Premier Gold Mines Ltd. (PG - TSX) – In May 2007, Goldcorp and Premier formed the Rahill-Bonanza Joint Venture Agreement in which each company contributed mining properties located in the prolific Red Lake area. Goldcorp is the operatior of the project with 51% interest and Premier holds the remaining 49%. Goldcorp contributed Rahill-Wilmar Property and Kostynuk Property and Premier contributed the Bonanza Property and Marathon McNeely Property. The Property consists of 44 contiguous mining claims, which include both patented and unpatented claims and cover an area of approximately 2056 acres. In addition, Goldcorp and Premier have entered into a Joint Venture Agreement on the East Bay Property also located in the Red Lake district. Goldcorp is the operator and has a 50% interest in the Joint Venture with the option to increase to 65%.
Matamec (MAT – TSXV) Goldcorp has agreed to grant an Option to Matamec (the Operator) and Explorers Alliance to each acquire a 25% ownership interest, with Goldcorp holding the remaining 50% interest, in the combined property package. The Goldcorp property covers approximately 2,480 hectares or 155 units which when added to the 73 Explorers claims and the 2 Colbert claims (a 3,700 hectare property) is referred to as Matheson JV property. Matamec shall fund Expenditures with respect to the Properties, aggregating $2M over 3 years, with a minimum of $1M to be spent specifically on the PJV Properties. Fifteen holes (5352m) have been drilled to date.
Metals Creek (MEK – TSXV) The Ogden Project is an Option Agreement between Metals Creek and Goldcorp to jointly explore certain claims held by Goldcorp in Ogden and Deloro Townships, located 6 kilometers south of Timmins city center. These claims cover eight kilometers of strike length of the highly prospective Porcupine-Destor Break, and lie within 5km of Goldcorp’s Dome Mine complex (16M ounces produced). Metals Creek may earn a 50% interest in the Property by making annual cash payments and stock issues, and expending $3.1M on exploration activities by November, 2012. Exploration drilling, prospecting and geoophysics have been conducted in the vicinity of the historic Naybob Mine, to date.
St. Andrew Goldfields Ltd. (SAS – TSX) - St. Andrew Goldfields can earn up to a 60% interest in properties located in Carr, Taylor, Beatty, and Clergue Townships, east of Timmins, near Matheson, Ontario. Based on an amended agreement dated July 1, 2003, the company must incur expenditures of $CAN 1.2 Million by July 1, 2009. After vesting a Joint Venture agreement will be created with the Porcupine.
Starcore International Ventures Ltd. (SAM – TSXV) - The Luismin owned Cerro De Dolores Property was optioned by Starcore in December, 2003. To earn 51%, Starcore must issue 250,000 shares by 2006 and expend $US 1.4 Million by 2007.

Terrane Metals Corp. (TRX- TSX.V) - Goldcorp has a 66% interest in Terrane. In July 2008, Goldcorp and Terrane entered into an agreement which grants Goldcorp an option to convert its equity interest in Terrane into a participating joint venture interest in the Mt. Milligan Project. Terrane is an exploration and mine development company focused on the development of the Mt. Milligan copper-gold and Berg copper-molybdenum-silver projects in British Columbia, Canada..
Temex Resources Corp. (TME – TSXV) - In March of 2005 Temex entered into an agreement to earn a 60% undivided interest in certain mining claims in Whitney Township , Ontario . To vest, Temex must incur work costs totaling $CAN 4 Million over 4 years. The Porcupine Joint Venture has an "earn back" provision.
Vault Minerals Inc. (VMI – TSXV) - In May 2005, Goldcorp optioned the Lebel Property near Kirkland Lake , Ontario . Goldcorp may acquire an initial 60% interest in the property by incurring work expenditures of $CAN 2 Million over a four-year period and making option payments totaling $CAN 180,000. Goldcorp will have a further option, under certain terms, to earn an additional 10% by committing to and financing a feasibility study.
VG Gold (VG – TSX) VG Gold has the option to earn a 60% interest in the Paymaster Property from Goldcorp. The Property is located in the center of the historic Timmins mining camp (68 million ounces of gold produced) and borders Goldcorp’s Dome Mine, which has current and past production totaling of 17.1 million ounces of gold. Two phases of drilling, with encouraging high-grade results, have been drilled to date on the West Porphyry target.
Virginia Mines (VGQ – TSX) - During May of 2005, Goldcorp entered an option agreement to earn a 50% interest in the Corvet Est Property, located in the James Bay area, Quebec. Goldcorp has fulfilled its option requirements in funding a total of $CAN 4 Million in exploration and is participating in a joint venture with Virginia Mines to further explore the property.