Eagle Royalties Announces Significant Increase in Land Position at Mount Polley West Copper - Gold Project

About this update from Summit Royalties Ltd

[{"type":"text","content":" CRANBROOK, BC / ACCESSWIRE / November 28, 2023 / Eagle Royalties Ltd. (CSE:ER) or (\"Eagle Royalties\") has been notified by Eagle Plains Resources Ltd. (TSXV: EPL) of additional tenure acquisition at EPL's 100% owned Mount Polley West Project (MPW) located in central British Columbia. Eagle Royalties holds a 2% Net Smelter royalty on certain claims at MPW and the new claims have added approximately 75% (3870 ha) of additional area which are subject to the ER royalty. See Mount Polley West Tenure Map here About Mount Polley West The MPW project is located 52km northeast of Williams Lake, British Columbia within the prolific Central Quesnel Belt adjacent to/nearby a number of current, past producing, and development stage mines including: Imperial Metals Mount Polley Cu-Au porphyry (8km east of MPW) - current producer Taseko Mines Cu-Mo porphyry (30km west of MPW) - current producer Osisko Development QR Au porphyry/skarn (3.5km north of MPW) - past producer / milling facility Osisko Development Cariboo Gold Project (51 km north of MPW) - development There are also a number of active gold placer mining operations established on drainages in the MPW property area. Eagle Royalties' management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the MPW property. Property Geology and History The property is underlain by Nicola Group sedimentary and volcanic rocks. The MPW tenures cover ten BC Minfile occurrences consisting of copper bearing minerals hosted in basaltic and volcanic rocks. 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 completing soil sampling programs, rock sampling campaigns, and geophysical surveying 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 c...

More updates from Summit Royalties Ltd