Sandstorm Gold Royalties Reports Portfolio Drilling and Exploration Activity
Lundin Gold Provides Bonza Sur Gold Discovery Updates; Expands Near-Mine Drill Program
Lundin Gold Inc. ("Lundin Gold") announced additional results from its 2024 near-mine drilling program, with recent intercepts continuing to delineate the new
Lundin Gold is focused on expanding
- BLP-2024-107: 2.01 grams per tonne ("g/t") gold over 113.3 metres from 6.5 metres, including:
- 3.10 g/t gold over 54.8 metres from 6.5 metres, with 8.59 g/t gold over 9.0 metres;
- BLP-2024-128: 1.96 g/t gold over 102.6 metres from 57.3 metres, including:
- 3.84 g/t gold over 41.4 metres from 111.3 metres with 7.24 g/t gold over 11.6 metres;
- BLP-2024-123: 1.54 g/t gold over 126.7 metres from 77.1 metres including:
- 4.11 g/t gold over 31.4 metres from 77.1 metres, with 13.75 g/t gold over 9.0 metres; and
- BLP-2024-133: 1.01 g/t gold over 125.7 metres from 0.0 metres including:
- 3.32 g/t gold over 22.1 metres from 86.8 metres, with 7.81 g/t gold over 6.4 metres.
For more information, including complete details of the drill results, visit Lundin Gold's website at www.lundingold.com and refer to the press release dated
High-Grade Drill Results at Bonterra's Phoenix JV
Bonterra Resources Inc. ("Bonterra") announced additional drill results on the Phoenix JV (formerly known as the Urban-Barry Property), which is under a definitive earn-in and joint venture agreement (the "JV Agreement") with Osisko Mining Inc. ("Osisko Mining"), whereby Osisko Mining has the right to acquire up to a 70% interest in the Phoenix JV by spending
Highlights at the Moss target include:
- OSK-PHX-24-078: 38.33 g/t gold over 1.1 metres from 844.4 metres, including:
- 69.6 g/t gold over 0.6 metres;
- OSK-PHX-24-096: 7.37 g/t gold over 4.2 metres from 930.6 metres, including:
- 28.6 g/t gold over 0.4 metres;
- OSK-PHX-24-082: 14.35 g/t gold over 1.6 metres from 314.7 metres, including:
- 29.6 g/t gold over 0.7 metres;
- OSK-PHX-24-072: 24.14 g/t gold over 1.4 metres from 334.3 metres, including:
- 48.1 g/t gold over 0.7 metres;
- OSK-PHX-24-080: 42.1 g/t gold over 0.8 metres from 329.1 metres; and
- OSK-PHX-24-049: 75.8 g/t gold over 0.3 metres from 185.4 metres.
Drilling activities are now complete and Bonterra expects drilling will resume later in 2024 once all assays are received. Bonterra reported that total expenditures on the project will exceed the minimum annual spending commitment of
In August, Gold Fields Limited ("Gold Fields") announced that it had entered into a definitive agreement to acquire Osisko Mining, consolidating ownership of the
For more information, including a complete list of drill results, visit Bonterra's website at www.btrgold.com and refer to the press release dated
Sandstorm holds an NSR royalty ranging between 0.5%–3.9% on portions of the Phoenix JV property, which covers both the Barry and Moss deposits. Sandstorm also holds a 1.0% NSR royalty on the neighbouring Gladiator (
Awalé Reports High-Grade Results at Odienné Including 45.7 g/t Gold Over 32 Metres and 20 g/t Gold Over 29 Metres
Awalé
In
BBM ZONE
- OEDD-89: 35 metres at 2.2 g/t gold from 318 metres, including:
- 23 metres at 2.5 g/t gold from 330 metres;
- OEDD-90: 52 metres at 1.5 g/t gold from 181 metres, including:
- 19 metres at 2.6 g/t gold from 212 metres;
- OEDD-74: 75 metres at 1.8 g/t gold from 242 metres, including:
- 1 metre at 8.0 g/t gold from 281 metres;
- 17 metres at 2.4 g/t from 300 metres;
- OEDD-76: 40 metres at 1.5 g/t gold from 194 metres, including:
- 12 metres at 4.0 g/t from 219 metres;
- OEDD-65: 44 metres at 1.4 g/t gold from 131 metres, including:
- 6 metres at 3.9 g/t gold from 134 metres;
- 9 metres at 1.9 g/t gold from 146 metres; and
- OEDD-64: 22 metres at 1.7 g/t gold from 60 metres, including:
- 2 metres at 5.7 g/t gold from 72 metres.
In
- OEDD-88: 20 g/t gold over 29 metres from 149 metres including:
- 39.5 g/t gold over 8 metres from 149 metres;
- OEDD-83: 57 metres at 26 g/t gold from 164 metres, including:
- 45.7 g/t gold over 32 metres from 165 metres;
- OERC-132: 32 metres at 3.0 g/t gold from 74 metres, including:
- 4 metres at 12.4 g/t gold from 78 metres;
- OEDD-45 (step back from OERC-132) contains 3 notable intervals within a 65 metres-wide zone of mineralization, including:
- 12 metres at 4.9 g/t gold from 89 metres;
- 13 metres at 1.3 g/t gold from 114 metres;
- 21 metres at 1.3 g/t gold from 133 metres; and
- OEDD-53 (50 metre step back from OEDD-45): 32 metres at 1.5 g/t gold from 215 metres, including:
- 3 metres at 5.2 g/t gold from 77 metres.
Awalé has planned to expand its drilling program, aiming to complete 25,000 metres of drilling by the end of 2024, focusing on both the Charger and BBM Zones.
For more information, including complete drill results, visit Awalé's website at www.awaleresources.ca and refer to the press releases dated
Antipa Minerals Completes Phase 1 Drill Program at Minyari Dome
Antipa Minerals Ltd. ("Antipa") announced the completion of its Phase 1 drilling program which included 14,936 metres of reverse circulation ("RC") and diamond core drilling at its 100%-owned Minyari Dome gold-copper project in the
Notable intersections at the GEO-01 discovery include:
- 24MYC0610: 35 metres at 3.0 g/t gold from 20 metres, including:
- 16 metres at 5.6 g/t gold from 33 metres, also including:
- 1 metre at 14.4 g/t gold from 34 metres; and
- 1 metre at 24.0 g/t gold from 48 metres;
- 16 metres at 5.6 g/t gold from 33 metres, also including:
- 24MYC0441: 66 metres at 1.4 g/t gold and 0.04% copper from 118 metres, including:
- 6 metres at 1.9 g/t gold and 0.11% copper from 118 metres;
- 17 metres at 4.4 g/t gold from 157 metres, also including:
- 4 metres at 15.5 g/t gold from 168 metres; and
- 24MYC0442: 20 metres at 2.4 g/t gold from 114 metres, including:
- 11 metres at 3.4 g/t gold from 122 metres, also including:
- 3 metres at 4.8 g/t gold from 124 metres.
- 11 metres at 3.4 g/t gold from 122 metres, also including:
In addition to GEO-01, exploration at other targets such as the Minyari Southeast Extension target revealed significant gold mineralization. Updates of the existing Minyari Mineral Resource Estimate, including the incorporation of results from drilling at the Minyari Southeastern Extension target are scheduled for completion in the third quarter 2024. Antipa's Phase 2 exploration program will focus on further drilling at GEO-01 aiming to expand the existing Minyari Dome Mineral Resource base, which currently stands at 950,000 ounces of gold, 41,100 tonnes of copper, 387,000 ounces of silver, and 7,700 tonnes of cobalt in the Indicated Category, contained within 21.1 million tonnes with an average grade of 1.39 g/t gold, 0.20% copper, 0.57 g/t silver, and 0.04% cobalt plus 800,000 ounces of gold, 23,200 tonnes of copper, 197,000 ounces of silver and 3,400 tonnes of cobalt in the Inferred Category, contained within 12.8 million tonnes with an average grade of 1.94 g/t gold, 0.18% copper, 0.48 g/t silver, and 0.03% cobalt, based on cut off grades of 0.5 and 1.5 g/t gold equivalent ("AuEq"). For AuEq calculations refer to Antipa's website at www.antipaminerals.com.au.
The Minyari Dome project is strategically located in proximity to significant mining operations, including Newmont Mining's Telfer mine and Rio Tinto's Winu project. The project area hosts the Minyari and WACA deposits as well as several other satellite deposits and high-priority exploration targets.
For more information, including a complete list of drill results, visit Antipa's website at www.antipaminerals.com.au and refer to the press release dated
Troilus Releases High-Grade Drill Results at
In May, Troilus Gold Corp. ("Troilus") announced the results of the Feasibility Study on the Troilus gold-copper project in northcentral
Subsequent to the release of the Feasibility Study, Troilus announced the discovery of a new gold zone—the "
- WR-24-003: 1.64 g/t gold over 20 metres, including:
- 3.07 g/t gold over 8 metres from 87 metres; and
- WR-24-004: 1.05 g/t gold over 11 metres, including:
- 7.03 g/t gold, over 1 metre from 27 metres.
Troilus is actively reviewing the data from the current phase of the drill campaign in order to refine its targeting strategy for the next round of drilling, set to commence in the second half of 2024.
For more information, including complete drill results, visit Troilus' website at www.troilusgold.com and refer to the press releases dated
Qualified Person
ABOUT SANDSTORM GOLD ROYALTIES
Sandstorm is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing. Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com.
CAUTIONARY STATEMENTS TO
The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the
This press release and the documents incorporated by reference herein, as applicable, have been prepared in accordance with Canadian standards for the reporting of mineral resource and mineral reserve estimates, which differ from the previous and current standards of
For
As a result of the adoption of the SEC Modernization Rules, the
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm Gold Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm Gold Royalties will operate in the future, including the receipt of all required approvals, the price of gold and copper and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, failure to receive necessary approvals, changes in business plans and strategies, market conditions, share price, best use of available cash, gold and other commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold or other commodity the Company will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which the Company will purchase gold, other commodities or receive royalties from, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold and other commodities, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in the Company's annual report for the financial year ended
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