Sandstorm Gold Provides Asset Updates, Reports 9.5 Metres of 49.6 g/t Gold at Hot Maden South Zone

Sandstorm has a 30% profits interest and a 2% net smelter returns ("NSR") royalty on the Hot Maden project.

— Normal Course Issuer Bid Update

Since the closing of the acquisition of Mariana Resources Limited announced on July 3, 2017, Sandstorm has acted on its stated intention to repurchase shares of the Company under the NCIB. Approximately 3.3 million shares have been repurchased since July and Sandstorm may purchase up to a maximum of 7.6 million shares under the current NCIB program.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

— Black Fox Sold to McEwen Mining

McEwen Mining Inc. ("McEwen") announced that it has signed a binding definitive agreement with Primero Mining Corp. to acquire the Black Fox Complex in Timmins, Ontario for US$35 million. McEwen is a proven mine operator with a strong balance sheet and the transaction represents an increase in counterparty strength with respect to Sandstorm's gold stream on the Black Fox mine.

With McEwen's acquisition of Black Fox, 79% of Sandstorm's 2017 gold equivalent ounces are expected to come from mines operated by major and mid-tier companies and by 2022 production from majors and mid-tiers is estimated to account for 97% of the Company's attributable production. 

For more information visit the McEwen website at www.mcewenmining.com and see the press release dated August 29, 2017.

Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$531 per ounce.

— Metanor Intersects 7.1 g/t Gold Over 8.2 Metres in Shear Zone at Barry

Metanor Resources Inc. ("Metanor") provided an update on its ongoing surface drilling program at the Barry project located in the Urban-Barry camp in Québec, Canada. The focus of the program has been to verify the extension of several gold bearing shear zones identified below and outside the Barry pit area. Five parallel shear zones have been identified and are now showing continuity over 600 metres along strike and 400 metres vertically while remaining open along strike and at depth. Highlights of the drill intercepts in the quartz-pyrite veins associated with the shear zones include:

• MB-17-83: 9.0 metres of 4.8 g/t gold from 313.0 metres;
• MB-17-88: 7.2 metres of 6.2 g/t gold from 473.4 metres;
• MB-17-99: 8.2 metres of 7.1 g/t gold from 389.3 metres; and
• 5.5 metres of 9.4 g/t gold from 487.0 metres

The upcoming phase of the drill campaign at the Barry project will continue to focus on identifying and extending more high-grade shear zones and two drill rigs are currently on site.

Metanor estimates the mineralized intercepts true thicknesses are 65% to 75% of the drill core intercepts reported. For more information and for complete drill results visit the Metanor website at www.metanor.ca and see the press release dated August 28, 2017.

Sandstorm has a 0.5%-1.0% NSR royalty on the Barry property.

— Erdene Intersects 40 Metres of 3.3 g/t Gold and 72 Metres of 1.6 g/t Gold in Step-Out Drilling North of Midfield Zone at Bayan Khundii

Erdene Resource Development Corp. ("Erdene") released additional assay results from the ongoing 2017 drill program at the Bayan Khundii gold project in southwest Mongolia ("Bayan Khundii").  The drill results establish greater confidence in the continuity of gold mineralization within and north of the Midfield Zone at Bayan Khundii and add to the size potential of the asset. Step-out drilling north of the Midfield Zone returned several high grade intersections including:

• BKD-179: 40.0 metres of 3.3 g/t gold from 106.0 metres, including 9.0 metres of 12.5 g/t gold, 165.0 metres north of the Midfield Zone;
• BKD-178: 71.6 metres of 1.6 g/t gold from 136.5 metres, including 19.0 metres of 4.6 g/t gold, 80.0 metres north of the Midfield Zone; and
• BKD-182: 39.0 metres of 2.1 g/t gold from 70.0 metres, including 9.0 metres of 8.2 g/t gold, 200.0 metres north of the Midfield Zone.

Erdene has completed a total of 15,808 metres in 86 drill holes at Bayan Khundii in 2017 for a total of 27,574 metres in 182 drill holes since the first hole was drilled in Q4 of 2015. For the remainder of the third of fourth quarters Erdene's drilling program will be focused on further delineation of newly discovered high-grade mineralization encountered during the exploration program in the first half of the year and exploring a series of geophysical and geochemical targets within the larger 2.0 kilometre by 1.8 kilometre Bayan Khundii target area. Three drill rigs are operational.

In addition to the on-going Bayan Khundii drill program, Erdene will complete regional drilling between Bayan Khundii and its Altan Arrow gold-silver project, located 3.5 kilometres north of Bayan Khundii. Erdene has also designed a follow-up drill program for its neighboring Altan Nar gold-polymetallic project, located 16 kilometres northwest of Bayan Khundii. This program will include testing of newly defined geophysical targets and completion of step-out drilling in areas adjacent to its previously reported NI 43-101 mineral resource estimate at Altan Nar. It is anticipated that a revised resource estimate at Altan Nar and a maiden resource estimate for Bayan Khundii will be completed in 2018.

Erdene also entered into an agreement to acquire an initial 51% interest in the Ulaan exploration license, adjacent to the high-grade Bayan Khundii gold project, with the option to acquire up to 100%. The Ulaan exploration license covers approximately 1,780 hectares and is located immediately west of Erdene's Bayan Khundii and Altan Arrow gold projects. Sandstorm's royalty agreement includes a five kilometre area of interest that covers a large portion of the newly acquired license.

Reported intervals are not true width. At this time there is insufficient data with respect to the shape of the mineralized system to calculate true orientations in space. They represent drill intersection widths from holes drilled at a dip of -45 to -65 degrees and oriented to the north-northeast. For more information and for complete drill results visit the Erdene website at www.erdene.com and see the press release dated August 14, 2017 and August 22, 2017.

Sandstorm has a 2.0% NSR royalty on the Bayan Khundii, Altan Nar and Altan Arrow projects.

— Gowest Gold Advances Bradshaw Close to First Ore Zone

Gowest Gold Ltd. ("Gowest") has reported progress on the 30,000 tonne bulk sample program at the Bradshaw gold deposit in Ontario, Canada. The Gowest mining team has advanced the underground development to more than 350 metres and it is anticipated that the first mineralized zone will be reached during the third quarter of 2017. Gowest expects to ship the first ore to the Redstone mill in Q4 2017 and the gold concentrate will then be shipped to a refinery for final processing.

The Redstone mill is located just south of the Bradshaw gold deposit and has the capacity to process 1,500 tonnes of ore per day. Gowest entered into an agreement with Northern Sun Mining Corp. to acquire a 50% interest in the Redstone mill. 

For more information visit the Gowest website at www.gowestgold.com and see the press release dated August 21, 2017

Sandstorm has a 1.0% gross smelter returns royalty over Gowest's North Timmins Gold Project which includes the Bradshaw gold deposit.

— Tower Resources Releases Further Step-Out Drill Results from Rabbit North

Tower Resources Ltd. ("Tower") reported additional drill results from the Rabbit North project in British Columbia, Canada. The 2017 diamond drill program has returned long intervals of porphyry related copper and gold mineralization. Highlights include:

• RN017-018: 0.19% copper and 0.16 g/t gold (0.29% CuEq) over 280.2 metres starting from 39.0 metres, including:
• 0.35% copper and 0.27 g/t gold (0.54% CuEq) over 88.3 metres from 158.3 metres;
• 0.54% copper and 0.28 g/t gold (0.73% CuEq) over 27.6 metres from 219.0 metres; and
• 1.71% copper and 0.97 g/t gold (2.38% CuEq) over 3.9 metres from 111.3 metres.

The road-accessible Rabbit North project comprises approximately 16,400 hectares in the infrastructure-rich copper and gold porphyry belt of southern British Columbia. The producing New Afton copper and gold mine is approximately 14 kilometres east of the main Rabbit North targets and the Highland Valley Copper Mine operated by Teck Resources Ltd. is located 28 kilometres to the west.  

True widths have not been determined. Width refers to drill hole intercept. For more information and complete drill results, visit Tower's website at www.towerresources.ca and view the press dated September 5, 2017.

Sandstorm holds a 2% NSR on Tower's Rabbit North, Nechako Gold, and More Creek properties.

— APPENDIX

All assay data was provided to Sandstorm from Lidya Madencelik. Most samples are 1.0 or 2.0 metres in width. Drill hole intercepts are not true thicknesses. The following drill intercepts were calculated using a 0.3 g/t Au, 1.0% Cu, or 2.0% Zn+Pb cut-off grade. The minimum reported interval is 2.0 metres @ 1.0 g/t Au, 1.0% Cu, or 2.0% Zn+Pb. Intercepts may include one sample interval of internal dilution and one interval of adjacent dilution. 

South Zone: HTD-144 (TD: 318.0m)
Drill hole HTD 144 was drilled to the east within the current South Zone resource (Technical Report - PEA dated March 1, 2017). The hole intercepted the west dipping gold and copper mineralized zone hosted in the dacite breccia unit. The upper intercept is on the west side of the main N-S trending fault zone (91.8-130.0 m). A second intercept containing high grade zinc + lead mineralization, with lower gold values was intersected the east side of the fault, hosted in volcanic sediments (142.0-204.0 m).

South Zone: HTD-143 (TD: 598.2m)
Drill hole HTD 143 was drilled to the east within the South Zone resource. Three narrow zones of gold mineralization occur within dacite breccia, associated with quartz veining (265.0, 287.0, and 318.0 m). Gold mineralization starting at 403.0 metres is hosted by andesitic volcanics within a zone of quartz+/anhydrite veining. High grade gold mineralization with copper starting from 460.0 metres occurs in altered andesitic volcanics with quartz+/anhydrite veining at the contact with a second unit of dacite breccia.    

Section Line	From (m)	To (m)	Intercept (m)	Au g/t	Cu %	Pb %	Zn %	Azimuth (')	Dip (')
L 2025 N	265.00	268.00	3.00	6.13	-	-	-	90	67 Werbung Mehr Nachrichten zur Sandstorm Gold Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 24.04.24 - PR Newswire Oxford Instruments Plc - Holding(s) in Company 24.04.24 - PR Newswire Cohen & Steers Capital Management - Form 8.3 - Tritax Big Box REIT plc Solarboom 2024:    5 Gründe die für diese Aktie sprechen… weiterlesen» Anzeige wo-site-teaser-box-16746_site-teaser-box_2024-04-24_08%253A00%253A00_2024-04-25_09%253A00%253A59