Royalty Overview

The War Eagle royalty was acquired in August 2021, through the acquisition of Ely Gold.

Project Overview

The War Eagle project is located in the Ohywee Mountain range, near the mid-Mocene Columbia River-steens, and the Snake River Plain. It is 3 km southeast of Florida Mountain and 9 km east of Delamar. Geology and ore mineralogy found in the project’s epithermal vein system are similar to those in the Delamar and Florida Mountain project with the exception of the host rock. War Eagle is wholly owned and operated by Integra Resources Corp. (“Integra”).

The War Eagle project has a long history of past underground production, dating back to the late 1800’s where records show significant high-grade. By 1875, there was significant infrastructure in place having 10 shafts between 90 m-400 m long to access the Oro Fino system, with an estimated 500,000 ounces of gold having been extracted.

Integra resumed work on the project in its 2019 drill campaign after having it optioned from Ely Gold Royalties earlier that year. The company drilled 3,675 meters during 2020 striking mineralization in all drillholes as well as exploring a large geochemical anomaly 300 m east of the 2019 drilling campaign. This anomaly has been concluded in a second parallel mineralized structure, returning the highest-grade gold and silver assays of the 2020 campaign. It is modeled to have a strike length of approximately 550 m, and is largely untested, extending the exploration potential of the property.