Riverside’s President and CEO, John-Mark Staude, stated: “Riverside is pleased with this first set of results from Los Cuarentas, which are consistent with the historical results and reports we’ve obtained. This is a district that has seen a number of older historical high-grade mines become new development projects in the past 5 years and mines with new exploration and drilling growth. The latest work by our technical team and corresponding results are very encouraging and we intend to accelerate exploration efforts at Los Cuarentas given the potential for new high-grade gold discoveries across the property.”
Contact Riverside Resources:
Communications Team 778-327-6671
Email info@rivres.com
Revelo Resources Corp. has agreed in principle to sell to EMX Royalty Corp. 20 generative net smelter return (“NSR”) royalty interests over exploration properties for a cash total of US$1.5 million. The NSR royalty interests being sold include 11 generative NSR royalty interests on projects currently owned by third parties, and 9 NSR royalty interests on properties held by Revelo.
President and Chief Executive Officer, Jose Vizquerra Benavides, commented: “2019 was an exciting year as we started operations after successfully integrating four companies and built a team to enhance and execute our vision. We have spent the last six months identifying the best targets for our 2020 campaign from our extensive land package. Creating value for our shareholders is our main motivation. Our strategy is simple: minimize the downside by adding value to our 3.7 Moz Au M&I and 1.5 Moz Au Inferred resource base[1]; and maximize the upside with an aggressive exploration program at Alpha and East Cadillac, where both properties produced exciting results in 2019. Our goal in 2020 is to confirm the potential within the Cadillac-Larder Lake corridor and unlock ounces in under-explored areas of the Val D’Or camp. Val D’Or produced four world-class deposits and over 30 million ounces of gold. O3 Mining is well-positioned to execute this plan with over C$25M in cash and investments at year-end.”
Otis CEO, Craig Lindsay, stated: “We are pleased that this matter has been concluded. We want to assure the local community, and Idahoans in general, that we are committed to openly engaging with our community stakeholders to address and mitigate concerns through activities such as project open houses, site visits and other methods of constructive engagement. Further, we reiterate our focus on minimizing the environmental footprint of all exploration and development activities.”
Tony Perri,Corporate Development/Investor Relations Tel:604.424.8100 Email:tony@otisgold.com
“Six of seven shallow holes from Omui Mine site display significant vein intercepts,” commented Dr. Quinton Hennigh, director and technical advisor to Irving. “This is remarkable given the early stage of this project and high level which was tested. Hole 19OMI-010, our first deep test at Omui, tests under an area where assays indicated a root feeder might lie at depth. Once we sawed core from this hole, we saw numerous veins displaying specks of electrum and ginguro, a positive sign. We eagerly await assays from that hole. We are happy to be drilling at Omu Sinter once again and are encouraged that our first new hole has encountered several quartz vein intervals. We look forward to drill testing deeper levels at Omu Sinter very soon. In short, 2020 is off to a very good start.”
“Novo is at a seminal junction,” commented Dr. Quinton Hennigh, Chairman and President of Novo. “We are rapidly advancing our gold projects in the Pilbara and aim to move the Company toward becoming a new gold producer. Our team is one of the best in Australia. These options vest once Novo reaches certain production milestones, goals our team feels confident they can meet. We look forward to an exciting, very busy year.”
Investor Relations:
Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com
“We would like to recognize the collaboration of the local community and the Mexican authorities with our team which has allowed us to reach this significant milestone in a timely fashion. This year will be an exciting one as we build and commission our first gold mine and complete the transformation of the Minera Alamos into a new gold producer. “ Stated Darren Koningen, CEO of Minera Alamos.
David Cole the CEO of EMX Royalty (TSX.V: EMX | NYSE: EMX), sits down with Maurice Jackson of Proven and Probable to discuss the latest successes from the Royalty Generator. In this interview, we will identify why we believe that EMX Royalty’s stock has the potential to melt up. Mr. Cole will discuss the merits of the business model and the accretive royalty transactions that company has consummated on the behalf of shareholders.
First, we begin in Turkey and discuss some very exciting announcements coming from the polymetallic Balya lead-zinc-silver mining district of northwestern Turkey, where EMX Royalty holds a 4% Royalty. The Balya was recently sold by Dedeman Madencilik San ve Tic. A.S. (“Dedeman”) to a Private Turkish company and Esan Eczacibaşi Endüstriyel Hammaddeler San. ve Tic. A.Ş. (“Esan”) a private Turkish company in a district consolidation. EMX Royalty expects the production on this property to go up marketably over the course of the next two years as it will become a multi-million dollar per year annual cash flowing royalty at today’s metal prices.
Then we move to Serbia and discuss the recent developments at the Giant Timok Copper Gold Deposit where EMX holds a half percent royalty, and where Zijin Mining is moving in an expeditious manner to get into production. Zijin Mining has signed a memorandum of understanding with the Serbian Government, whereby they will invest $474 million U.S. into the ground to advance the upper zone, the upper high-grade zone within that larger deposit that’s been found into production very quickly. Mr. Cole noted: “And the Chinese want the metal out of the ground. They’re moving forward very quickly. And when they get into the lower zone, our royalty payments are going to go up substantially. I believe this is a company making event”.
Next we move to the United States and discuss the value propositions of Rawhide Gold Mine, Leeville Complex, and 64North Project, formerly known as the Goodpaster Project. Each transaction is both unique and financially rewarding for EMX Royalty and their shareholders. To find out more click play!
