AurMac (McQuesten)
Royalty
The AurMac (McQuesten) is Eagle Royalties flagship. The Aurmac (McQuesten) royalty has no buydown option, it ranges between 0.5% to 2.0% NSR and covers a total of approximately *2282ha in the Keno Hill District of the central Yukon. This royalty partially overlies Banyan Gold Corp's Aurmac Project deposits:
- 0.5% NSR - *1130ha
- 1% NSR - *411ha
- 2% NSR - *741ha
* The area calculations are based on un-surveyed claim locations as provided by the Yukon Mining Recorder’s office
In May 2023, Banyan Gold Corp. announced a significant increase of over 2 million ounces gold to their NI 43-101 inferred resource at the AurMac Property in central Yukon. The resource is reported as 312.9M tonnes grading 0.61 g/t gold containing a total inferred resource of 6,181,000 oz gold. This resource is located within three deposit areas known as the Airstrip, Powerline and Aurex Hill deposits and the contained inferred gold values within each of these deposits are as follows:
- Airstrip - 879,000 oz of which Eagle Royalties has a 2% NSR royalty over approx. 65.29%* and a 1% NSR royalty over approx. 33.95%* of the deposit area
- Powerline - 3,840,000 oz of which Eagle Royalties has a 1% NSR royalty over approx. 32.23%* of the deposit area
- Aurex Hill - 1,444,000 oz of which Eagle Royalties has no royalty over the deposit area
Eagle Royalties percentage of deposit area covered by various royalty values:
| Deposit | Contained Inferred Gold (oz) | Inferred Deposit Area (ha) | Approx. % of Deposit Covered by NSR | Approx. Royalty Area (ha) | NSR Royalty % |
|---|---|---|---|---|---|
| Airstrip | 897,000 | 64.65 | 65.29 | 42.21 | 2 |
| 33.95 | 21.95 | 1 | |||
| Powerline | 3,840,000 | 246.14 | 32.23 | 79.33 | 1 |
| Total | 4,737,000 |
* These areas are an approximation based on the inferred deposit outlines as reported by Banyan Gold Corp. in their May 24, 2023 news release. Additionally, the area calculations are based on un-surveyed claim locations as provided by the Yukon Mining Recorder’s office
The Keno Hill district is host to several other mines including the Eagle Gold Mine operated by Victoria Gold which produced 164,222oz gold in 2021 and Hecla Mining's Bermingham and Flame & Moth precious/base-metal mines. The Keno Hill district is also the location of many past-producing precious/base-metal mines which are reported to have produced over 200M ounces of silver at an average grade of 1,268 g/t (44 oz/t) between 1913 and 1989.
Updated May 31, 2023
