SANDSTORM GOLD -- ehemals --Sandstorm Resources (Seite 11)
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Sandstorm Gold Royalties Announces Record Gold Sales in 2018
14:20 Uhr | Accesswire
VANCOUVER, January 4, 2019 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,150 attributable gold equivalent ounces1 during the fourth quarter of 2018 and approximately 57,600 attributable gold equivalent ounces1 for the full 2018 year, the highest yearly total in Company history. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
14:20 Uhr | Accesswire
VANCOUVER, January 4, 2019 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,150 attributable gold equivalent ounces1 during the fourth quarter of 2018 and approximately 57,600 attributable gold equivalent ounces1 for the full 2018 year, the highest yearly total in Company history. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
December 6, 2018
Sandstorm Gold Royalties Increases Credit Facility to US$225 Million
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), allowing the Company to borrow up to US$225 million for general corporate purposes, including acquisitions, share buybacks, and dividends.
The amounts drawn on the Revolving Loan are subject to interest at LIBOR plus 2.00%-3.00% per annum, and the undrawn portion of the Revolving Loan is subject to a standby fee of 0.45%-0.675% per annum, both of which are dependent on the Company's leverage ratio. The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing in December 2022.
Sandstorm’s President and CEO Nolan Watson commented, “With our commitment to use current cash on hand as well as our 2019 operating cash flow to fully complete our 10% share buyback plan, we are pleased to be able to increase the size and reduce the cost of our undrawn revolving credit facility in order to ensure that we continue to have sufficient liquidity to grow the company.”
Sandstorm Gold Royalties Increases Credit Facility to US$225 Million
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), allowing the Company to borrow up to US$225 million for general corporate purposes, including acquisitions, share buybacks, and dividends.
The amounts drawn on the Revolving Loan are subject to interest at LIBOR plus 2.00%-3.00% per annum, and the undrawn portion of the Revolving Loan is subject to a standby fee of 0.45%-0.675% per annum, both of which are dependent on the Company's leverage ratio. The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing in December 2022.
Sandstorm’s President and CEO Nolan Watson commented, “With our commitment to use current cash on hand as well as our 2019 operating cash flow to fully complete our 10% share buyback plan, we are pleased to be able to increase the size and reduce the cost of our undrawn revolving credit facility in order to ensure that we continue to have sufficient liquidity to grow the company.”
November 15, 2018
Sandstorm Gold Royalties Board Approves Share Buyback of Up to 18.3 Million Shares
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that the Company’s Board of Directors has approved the purchase of up to 18.3 million of its common shares (“Common Shares”), between now and the end of 2019, subject to Toronto Stock Exchange (“TSX”) approval (the “Buyback”). The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding and it is the Company’s current intention to complete the entire share buyback of 18.3 million shares.
Under the Company’s current Normal Course Issuer Bid (“NCIB”), Sandstorm has the option to purchase up to 9.2 million Common Shares until April 4, 2019. As of November 14, 2018, the Company has purchased 2.5 million Common Shares, leaving 6.7 million Common Shares still available to purchase under the current NCIB. After the current NCIB expires on April 4, 2019, the Company plans to seek approval for a new NCIB from the TSX. Subject to TSX approval, the new NCIB would provide Sandstorm the ability to purchase the remaining shares under the Buyback.
For more information regarding the current NCIB, see Sandstorm’s press released dated March 29, 2018 at www.sandstormgold.com or on Sandstorm’s Sedar profile at www.sedar.com.
The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any securities acquired under the NCIB will be cancelled.
Sandstorm Gold Royalties Board Approves Share Buyback of Up to 18.3 Million Shares
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that the Company’s Board of Directors has approved the purchase of up to 18.3 million of its common shares (“Common Shares”), between now and the end of 2019, subject to Toronto Stock Exchange (“TSX”) approval (the “Buyback”). The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding and it is the Company’s current intention to complete the entire share buyback of 18.3 million shares.
Under the Company’s current Normal Course Issuer Bid (“NCIB”), Sandstorm has the option to purchase up to 9.2 million Common Shares until April 4, 2019. As of November 14, 2018, the Company has purchased 2.5 million Common Shares, leaving 6.7 million Common Shares still available to purchase under the current NCIB. After the current NCIB expires on April 4, 2019, the Company plans to seek approval for a new NCIB from the TSX. Subject to TSX approval, the new NCIB would provide Sandstorm the ability to purchase the remaining shares under the Buyback.
For more information regarding the current NCIB, see Sandstorm’s press released dated March 29, 2018 at www.sandstormgold.com or on Sandstorm’s Sedar profile at www.sedar.com.
The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any securities acquired under the NCIB will be cancelled.
SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER RESULTS
Vancouver, British Columbia — November 14, 2018 Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2018 (all figures in U.S. dollars).
— THIRD QUARTER HIGHLIGHTS
●
Revenue of $17.3 million (Q3 2017 - $17.9 million);
●
Attributable gold equivalent ounces 1 sold of 14,314 ounces (Q3 2017 – 14,293 ounces);
●
Average cash cost per attributable gold equivalent ounce 1 of $248 resulting in cash operating margins 1 of $960 per ounce (Q3 2017 - $246 per ounce and $1,009 per ounce respectively);
●
Cash flows from operating activities, excluding changes in non-cash working capital 1 , of $11.4 million (Q3 2017 – $11.1 million);
●
Net income of $2.1 million (Q3 2017 – net income of $4.8 million).
— OUTLOOK
Based on the Company’s existing royalties, attributable gold equivalent ounces sold is forecasted to be between 56,000 – 60,000 for 2018 and between 63,000 – 73,000 ounces in 2019. The Company is forecasting attributable gold equivalent production of 140,000 ounces in 2023.
— FINANCIAL RESULTS
Sandstorm’s revenue during the third quarter of 2018 was $17.3 million compared with $17.9 million for the comparable period in 2017. The decrease is largely attributable to a 4% decrease in the average realized selling price of gold.
Net income was lower when compared to the same period in 2017 partly due to certain non-recurring items that were recognized during the third quarter of 2017, including a $3.4 million gain primarily resulting from the Bachelor Lake gold stream amendment. The decrease in net income was partially offset by a $0.7 million decrease in depletion expense and a $0.3 million reduction in the administrative costs due to cost reduction strategies.
Vancouver, British Columbia — November 14, 2018 Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2018 (all figures in U.S. dollars).
— THIRD QUARTER HIGHLIGHTS
●
Revenue of $17.3 million (Q3 2017 - $17.9 million);
●
Attributable gold equivalent ounces 1 sold of 14,314 ounces (Q3 2017 – 14,293 ounces);
●
Average cash cost per attributable gold equivalent ounce 1 of $248 resulting in cash operating margins 1 of $960 per ounce (Q3 2017 - $246 per ounce and $1,009 per ounce respectively);
●
Cash flows from operating activities, excluding changes in non-cash working capital 1 , of $11.4 million (Q3 2017 – $11.1 million);
●
Net income of $2.1 million (Q3 2017 – net income of $4.8 million).
— OUTLOOK
Based on the Company’s existing royalties, attributable gold equivalent ounces sold is forecasted to be between 56,000 – 60,000 for 2018 and between 63,000 – 73,000 ounces in 2019. The Company is forecasting attributable gold equivalent production of 140,000 ounces in 2023.
— FINANCIAL RESULTS
Sandstorm’s revenue during the third quarter of 2018 was $17.3 million compared with $17.9 million for the comparable period in 2017. The decrease is largely attributable to a 4% decrease in the average realized selling price of gold.
Net income was lower when compared to the same period in 2017 partly due to certain non-recurring items that were recognized during the third quarter of 2017, including a $3.4 million gain primarily resulting from the Bachelor Lake gold stream amendment. The decrease in net income was partially offset by a $0.7 million decrease in depletion expense and a $0.3 million reduction in the administrative costs due to cost reduction strategies.
Antwort auf Beitrag Nr.: 58.939.791 von KMST am 12.10.18 09:47:21
https://www.tradesignalonline.com/ext/edt.ashx/wo/16604975-9…
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Trading Spotlight
October 9, 2018
Sandstorm Gold Royalties Provides Asset Updates
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce recent updates from the Company’s royalty properties.
Rio Tinto Announces Commencement of Mining from A21 Pipe and 177.7 Carat Diamond
Rio Tinto Group (“Rio Tinto”) announced the opening of a fourth diamond pipe at the Diavik Diamond Mine in the Northwest Territories of Canada. The new open pit pipe will provide a source of incremental supply over the next four years to sustain production levels at the Diavik mine. First ore was delivered in March and the pit is expected to be at full production during the fourth quarter of 2018, following a four year construction period and an investment of approximately US$350 million.
Rio Tinto and joint venture partner, Dominion Diamond Mines, have revealed three of the finest large rough diamonds from Diavik. The three diamonds, collectively known as The Diavik Stars of the Arctic, will be tendered to diamond specialists from around the world. The largest of the three diamonds is a 177.7 carat diamond, which is one of the largest and most valuable gem quality rough diamonds ever produced in Canada.
For more information, visit the Rio Tinto website at www.riotinto.com and see the press releases dated August 20, 2018 and October 1, 2018. Sandstorm has a 1.0% gross proceeds royalty on the Diavik Mine.
Aton Resources Releases Results from First Drill Holes, including 36.0 Metres of 12.5 g/t Gold at Rodruin Target
Aton Resources Inc. (“Aton”) has announced the results from the first three holes of their reverse circulation (“RC”) drilling program at the Abu Marawat project located in Egypt. The drilling commenced on August 27, 2018 at the Rodruin target and is ongoing with all holes to date having intersected logged mineralization. This first phase of drilling is expected to consist of approximately 4,000 to 6,000 metres of RC drilling, initially testing the main zone of ancient workings and mapped mineralization in the Aladdin’s Hill area at Rodruin.
Highlighted results include:
ROP-001: 13.0 metres of 1.0 gram per tonne (“g/t”) gold from 10.0 metres;
ROP-002: 59.0 metres of 0.9 g/t gold from surface; and
ROP-003: 36.0 metres of 12.5 g/t gold (5.4 g/t gold with 30 g/t Au top cut) from 5.0 metres.
For more information and complete drill results, visit the Aton website at www.atonresources.com and see the press release dated October 1, 2018. Sandstorm has a 1.0% net smelter returns (“NSR”) royalty on the Abu Marawat property.
Equinox Gold Releases Drill Results from Tatajuba Target
Equinox Gold Corp. (“Equinox Gold”) has announced positive exploration drill results from the Tatajuba target at the Aurizona Mine in Brazil. Tatajuba is the western extension of the main Piaba Trend that hosts Aurizona and previous exploration work has defined a target more than 4.0 kilometres in length. The drill program focused on a 600-metre long portion of Tatajuba where historical drilling identified gold mineralization in the shallow saprolite zone. All of the 12 drill holes intersected the gold zone, extending gold mineralization to depths up to 150 metres from surface. The drilling also confirmed continuity of mineralization into the deeper fresh rock.
Highlighted drill results from Tatajuba include:
D644: 44.0 metres of 1.3 g/t gold from 98.0 metres;
D645: 37.0 metres of 1.4 g/t gold from 95.0 metres;
D647: 35.0 metres of 2.0 g/t gold from 2.0 metres; and
D654: 20.0 metres of 2.1 g/t gold from 109.0 metres.
True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. All samples were submitted to ALS Chemex for analysis. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated September 5, 2018. Sandstorm has a 3% to 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR.
McEwen Intersects 53.9 g/t Gold over 8.3 Metres at the Froome Footwall Zone
McEwen Mining Inc. (“McEwen”) has reported an updated resource estimate from the Froome Deposit and exploration results from its ongoing US$15 million exploration program at the Black Fox Complex near Timmins, Ontario. The updated Indicated Mineral Resource contains 181,000 ounces of gold contained in 1.1 million tonnes at a grade of 5.1 g/t (3.2 g/t cut-off). Surface drilling at the Froome deposit during the third quarter focused on evaluating the down-plunge extension and assessing the potential of the mineralized footwall.
Highlighted drill results from the Black Fox Complex include:
Froome Footwall
18PR-G279: 8.3 metres of 53.9 g/t gold from 113.0 metres;
18PR-G288: 6.1 metres of 3.3 g/t gold from 81.0 metres; and
18PR-G292: 7.1 metres of 3.1 g/t gold from 150.2 metres.
Black Fox Underground
490-l094-98: 0.8 metres of 161.9 g/t gold from 215.8 metres; and
520-EX346-42: 1.3 metres of 6.9 g/t gold from 426.5 metres and 1.7 metres of 35.1 g/t gold from 561.0 metres.
All intercept widths are interpreted to be true widths. Analyses reported were performed by the independent laboratories: ALS Laboratories, Activation Labs, and SGS Canada Laboratories. For more information and complete drill results, visit the McEwen website at www.mcewenmining.com and see the press release dated September 6, 2018. Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$540 per ounce.
Erdene Announces Resource Estimate for Bayan Khundii Deposit
Erdene Resource Development Corp. (“Erdene”) announced a Mineral Resource estimate for the Bayan Khundii deposit in Mongolia. A resource estimate was released in May 2018 on the nearby Altan Nar deposit and Erdene plans to incorporate both resource estimates into one Preliminary Economic Assessment for the Khundii Gold District by year end. They expect to submit mining license applications for both Bayan Khundii and Altan Nar in early 2019. A regional exploration program is currently underway testing multiple targets.
The Bayan Khundii Measured and Indicated Mineral Resource contains 433,000 ounces of gold contained in 5.1 million tonnes at a grade of 2.6 g/t (0.6 g/t cut-off). The Mineral Resource incorporated 255 diamond drill holes totaling over 42,000 metres, completed between Q4-2015 and Q2-2018.
For more information, visit the Erdene website at www.erdene.com and see the press release dated September 18, 2018. Sandstorm has a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar properties.
Rambler Provides Update on Underground Exploration Program at Ming
Rambler Metals and Mining plc (“Rambler”) have completed over 11,000 metres of drilling at the Ming Mine located in eastern Canada during the first eight months of 2018. The exploration drilling in the Ming North Zone has discovered significant mineralization down plunge of the historical mining limits in the mine. Results announced from this drilling have extended the high grade massive sulphide zone approximately 300 metres down plunge.
Drilling highlights include:
R18-722-01: 19.0 metres of 4.1% copper and 2.8 g/t gold from 102.0 metres;
R18-722-12: 25.5 metres of 9.4% copper and 5.1 g/t gold from 126.0 metres; and
R18-722-15: 17.0 metres of 3.1% copper and 2.3 g/t gold from 148.7 metres.
True widths are estimated to range between 50% - 75% of core lengths. All core samples assayed and pertaining to these results were completed by Eastern Analytical Limitied. For more information and complete drill results, visit the Rambler website at www.ramblermines.com and see the press release dated October 1, 2018. Sandstorm has a gold stream agreement with Rambler to receive 25% of the first 175,000 ounces of gold produced, and 12% of the gold produced thereafter from the Ming mine.
Sandstorm Files Early Warning Report
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, the Company wishes to report that during the period of May 25, 2018 through June 12, 2018, the Company made market purchases aggregating 1,190,000 common shares ("Entrée Shares") in the capital of Entrée Resources Ltd. ("Entrée") at prices ranging from C$0.44 to C$0.55 per Entrée Share through the facilities of the Toronto Stock Exchange (the "Entrée Market Purchases").
Prior to completion of the Entrée Market Purchases, the Company held 23,900,380 Entrée Shares and warrants to purchase an additional 457,317 Entrée Shares ("Entrée Warrants"), representing approximately 13.7% of the current issued and outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of all 457,317 Entrée Warrants held by the Company, the Company previously held an aggregate of 24,357,697 Entrée Shares, representing approximately 13.9% of the current issued and outstanding Entrée Shares (on a partially diluted basis). Sandstorm´s current holdings of 25,090,380 Entrée Shares represent approximately 14.4% of the current issued and outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of the Company´s 457,317 Entrée Warrants, the Company holds 25,547,697 Entrée Shares, representing approximately 14.6% of the current issued and outstanding Entrée Shares (on a partially diluted basis).
The acquisitions by Sandstorm were effected for investment purposes. Sandstorm currently intends to acquire additional securities of Entrée, which acquisitions will be reported in accordance with applicable laws, and may from time to time dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. Sandstorm´s early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Sandstorm on Entrée´s SEDAR profile at www.sedar.com and may also be obtained by contacting the Company at 604-628-1164 or by email at info@sandstormgold.com.
Sandstorm Gold Royalties Provides Asset Updates
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce recent updates from the Company’s royalty properties.
Rio Tinto Announces Commencement of Mining from A21 Pipe and 177.7 Carat Diamond
Rio Tinto Group (“Rio Tinto”) announced the opening of a fourth diamond pipe at the Diavik Diamond Mine in the Northwest Territories of Canada. The new open pit pipe will provide a source of incremental supply over the next four years to sustain production levels at the Diavik mine. First ore was delivered in March and the pit is expected to be at full production during the fourth quarter of 2018, following a four year construction period and an investment of approximately US$350 million.
Rio Tinto and joint venture partner, Dominion Diamond Mines, have revealed three of the finest large rough diamonds from Diavik. The three diamonds, collectively known as The Diavik Stars of the Arctic, will be tendered to diamond specialists from around the world. The largest of the three diamonds is a 177.7 carat diamond, which is one of the largest and most valuable gem quality rough diamonds ever produced in Canada.
For more information, visit the Rio Tinto website at www.riotinto.com and see the press releases dated August 20, 2018 and October 1, 2018. Sandstorm has a 1.0% gross proceeds royalty on the Diavik Mine.
Aton Resources Releases Results from First Drill Holes, including 36.0 Metres of 12.5 g/t Gold at Rodruin Target
Aton Resources Inc. (“Aton”) has announced the results from the first three holes of their reverse circulation (“RC”) drilling program at the Abu Marawat project located in Egypt. The drilling commenced on August 27, 2018 at the Rodruin target and is ongoing with all holes to date having intersected logged mineralization. This first phase of drilling is expected to consist of approximately 4,000 to 6,000 metres of RC drilling, initially testing the main zone of ancient workings and mapped mineralization in the Aladdin’s Hill area at Rodruin.
Highlighted results include:
ROP-001: 13.0 metres of 1.0 gram per tonne (“g/t”) gold from 10.0 metres;
ROP-002: 59.0 metres of 0.9 g/t gold from surface; and
ROP-003: 36.0 metres of 12.5 g/t gold (5.4 g/t gold with 30 g/t Au top cut) from 5.0 metres.
For more information and complete drill results, visit the Aton website at www.atonresources.com and see the press release dated October 1, 2018. Sandstorm has a 1.0% net smelter returns (“NSR”) royalty on the Abu Marawat property.
Equinox Gold Releases Drill Results from Tatajuba Target
Equinox Gold Corp. (“Equinox Gold”) has announced positive exploration drill results from the Tatajuba target at the Aurizona Mine in Brazil. Tatajuba is the western extension of the main Piaba Trend that hosts Aurizona and previous exploration work has defined a target more than 4.0 kilometres in length. The drill program focused on a 600-metre long portion of Tatajuba where historical drilling identified gold mineralization in the shallow saprolite zone. All of the 12 drill holes intersected the gold zone, extending gold mineralization to depths up to 150 metres from surface. The drilling also confirmed continuity of mineralization into the deeper fresh rock.
Highlighted drill results from Tatajuba include:
D644: 44.0 metres of 1.3 g/t gold from 98.0 metres;
D645: 37.0 metres of 1.4 g/t gold from 95.0 metres;
D647: 35.0 metres of 2.0 g/t gold from 2.0 metres; and
D654: 20.0 metres of 2.1 g/t gold from 109.0 metres.
True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. All samples were submitted to ALS Chemex for analysis. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated September 5, 2018. Sandstorm has a 3% to 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR.
McEwen Intersects 53.9 g/t Gold over 8.3 Metres at the Froome Footwall Zone
McEwen Mining Inc. (“McEwen”) has reported an updated resource estimate from the Froome Deposit and exploration results from its ongoing US$15 million exploration program at the Black Fox Complex near Timmins, Ontario. The updated Indicated Mineral Resource contains 181,000 ounces of gold contained in 1.1 million tonnes at a grade of 5.1 g/t (3.2 g/t cut-off). Surface drilling at the Froome deposit during the third quarter focused on evaluating the down-plunge extension and assessing the potential of the mineralized footwall.
Highlighted drill results from the Black Fox Complex include:
Froome Footwall
18PR-G279: 8.3 metres of 53.9 g/t gold from 113.0 metres;
18PR-G288: 6.1 metres of 3.3 g/t gold from 81.0 metres; and
18PR-G292: 7.1 metres of 3.1 g/t gold from 150.2 metres.
Black Fox Underground
490-l094-98: 0.8 metres of 161.9 g/t gold from 215.8 metres; and
520-EX346-42: 1.3 metres of 6.9 g/t gold from 426.5 metres and 1.7 metres of 35.1 g/t gold from 561.0 metres.
All intercept widths are interpreted to be true widths. Analyses reported were performed by the independent laboratories: ALS Laboratories, Activation Labs, and SGS Canada Laboratories. For more information and complete drill results, visit the McEwen website at www.mcewenmining.com and see the press release dated September 6, 2018. Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$540 per ounce.
Erdene Announces Resource Estimate for Bayan Khundii Deposit
Erdene Resource Development Corp. (“Erdene”) announced a Mineral Resource estimate for the Bayan Khundii deposit in Mongolia. A resource estimate was released in May 2018 on the nearby Altan Nar deposit and Erdene plans to incorporate both resource estimates into one Preliminary Economic Assessment for the Khundii Gold District by year end. They expect to submit mining license applications for both Bayan Khundii and Altan Nar in early 2019. A regional exploration program is currently underway testing multiple targets.
The Bayan Khundii Measured and Indicated Mineral Resource contains 433,000 ounces of gold contained in 5.1 million tonnes at a grade of 2.6 g/t (0.6 g/t cut-off). The Mineral Resource incorporated 255 diamond drill holes totaling over 42,000 metres, completed between Q4-2015 and Q2-2018.
For more information, visit the Erdene website at www.erdene.com and see the press release dated September 18, 2018. Sandstorm has a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar properties.
Rambler Provides Update on Underground Exploration Program at Ming
Rambler Metals and Mining plc (“Rambler”) have completed over 11,000 metres of drilling at the Ming Mine located in eastern Canada during the first eight months of 2018. The exploration drilling in the Ming North Zone has discovered significant mineralization down plunge of the historical mining limits in the mine. Results announced from this drilling have extended the high grade massive sulphide zone approximately 300 metres down plunge.
Drilling highlights include:
R18-722-01: 19.0 metres of 4.1% copper and 2.8 g/t gold from 102.0 metres;
R18-722-12: 25.5 metres of 9.4% copper and 5.1 g/t gold from 126.0 metres; and
R18-722-15: 17.0 metres of 3.1% copper and 2.3 g/t gold from 148.7 metres.
True widths are estimated to range between 50% - 75% of core lengths. All core samples assayed and pertaining to these results were completed by Eastern Analytical Limitied. For more information and complete drill results, visit the Rambler website at www.ramblermines.com and see the press release dated October 1, 2018. Sandstorm has a gold stream agreement with Rambler to receive 25% of the first 175,000 ounces of gold produced, and 12% of the gold produced thereafter from the Ming mine.
Sandstorm Files Early Warning Report
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, the Company wishes to report that during the period of May 25, 2018 through June 12, 2018, the Company made market purchases aggregating 1,190,000 common shares ("Entrée Shares") in the capital of Entrée Resources Ltd. ("Entrée") at prices ranging from C$0.44 to C$0.55 per Entrée Share through the facilities of the Toronto Stock Exchange (the "Entrée Market Purchases").
Prior to completion of the Entrée Market Purchases, the Company held 23,900,380 Entrée Shares and warrants to purchase an additional 457,317 Entrée Shares ("Entrée Warrants"), representing approximately 13.7% of the current issued and outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of all 457,317 Entrée Warrants held by the Company, the Company previously held an aggregate of 24,357,697 Entrée Shares, representing approximately 13.9% of the current issued and outstanding Entrée Shares (on a partially diluted basis). Sandstorm´s current holdings of 25,090,380 Entrée Shares represent approximately 14.4% of the current issued and outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of the Company´s 457,317 Entrée Warrants, the Company holds 25,547,697 Entrée Shares, representing approximately 14.6% of the current issued and outstanding Entrée Shares (on a partially diluted basis).
The acquisitions by Sandstorm were effected for investment purposes. Sandstorm currently intends to acquire additional securities of Entrée, which acquisitions will be reported in accordance with applicable laws, and may from time to time dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. Sandstorm´s early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Sandstorm on Entrée´s SEDAR profile at www.sedar.com and may also be obtained by contacting the Company at 604-628-1164 or by email at info@sandstormgold.com.
October 1, 2018
SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER SALES NUMBERS
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,300 attributable gold equivalent ounces1 during the third quarter of 2018. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER SALES NUMBERS
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,300 attributable gold equivalent ounces1 during the third quarter of 2018. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
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July 16, 2018
Sandstorm Gold Royalties Provides Corporate and Asset Updates
Vancouver, British Columbia | Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to provide an update related to share repurchases under the Company’s Normal Course Issuer Bid (“NCIB”), recent developments from the Company’s royalty portfolio, as well as the acquisition of eight royalties on exploration-staged properties.
Normal Course Issuer Bid Update
Since the renewal of the NCIB on April 5, 2018, Sandstorm has acted on its stated intention to repurchase shares of the Company. Approximately 1.4 million shares have been repurchased since April. Sandstorm may purchase up to a maximum of 9.2 million shares under the current NCIB program.
Yamana Declares Commercial Production At Cerro Moro And Increases Exploration Budget
Yamana Gold Inc. (“Yamana”) announced the declaration of commercial production at the Cerro Moro project in Argentina in late June 2018. Yamana is now focusing on optimizing the operation to ensure that gold and silver production and operating costs reach guidance levels.
The exploration budget at Cerro Moro for 2018 has increased from $9.0 million to $11.2 million. Yamana has set an exploration objective of adding one million gold equivalent ounces to the mineral inventory at Cerro Moro.
The objectives for the 2018 exploration program are:
Convert 110,000 gold equivalent ounces of inferred resources to measured and indicated mineral resources;
Discover 250,000 gold equivalent ounces of new inferred mineral resources; and
Define future drill targets through scout drilling, soil and rock sampling, and mapping.
For more information, visit the Yamana website at www.yamana.com and see press releases dated May 16, 2018 and June 26, 2018.
Beginning in 2019, Sandstorm has a silver stream agreement to purchase an amount of silver from Cerro Moro equal to 20% of the silver produced, up to a maximum of 1.2 million ounces of silver annually, until Yamana has delivered to Sandstorm 7.0 million ounces of silver; then 9.0% of the silver produced thereafter for the life of the mine. Sandstorm will make ongoing payments for each ounce of silver received, equal to 30% of the spot price per ounce of silver.
Endeavour Announces High Grade Discoveries At Houndé
Endeavour Mining Corporation (“Endeavour”) announced that the ongoing exploration program at its Houndé mine in Burkina Faso has successfully extended the Kari Pump high grade mineralization and has discovered two new large mineralized zones named Kari Centre and Kari West. Following the discovery of Kari Pump zone in late 2017, Endeavour prioritized efforts on the wider Kari area which hosts a large gold-in-soil geochemical anomaly. Kari is located seven kilometres west of the Houndé processing plant and in proximity to an existing haul road.
Since late December, more than 1,000 holes totaling 76,000 metres have been drilled in the Kari area, extending the mineralized zone to an area measuring 4.0 kilometres long and 3.0 kilometres wide. Approximately 25% of the gold-in-soil anomaly is remaining to be drilled. The Kari Center discovery extends 1.2 kilometres along strike and across a width of over 200 metres, with mineralization open at depth. The Kari West discovery extends at least 1.0 kilometre along strike and across a width of 500 metres, with mineralization open at depth and towards Kari Pump.
A further 65,000 metres drilling program is underway to delineate and extend the three discoveries made, with in-fill drilling planned on the Kari Pump target. A maiden resource on the Kari Pump area is expected to be completed by the end of 2018.
For more information, visit the Endeavour website at www.endeavourmining.com and see the press release dated May 24, 2018.
Sandstorm holds a 2% NSR royalty that covers approximately 480 square kilometres of the Houndé property.
Hod Maden Drill Results
Recent exploration and infill drill results have been reported by Lidya Madencilik San. ve Tic. A.S. (“Lidya”), Sandstorm’s 70% partner at Hod Maden. Drilling is ongoing and a total of 7,069 metres in 19 drill holes have been completed in 2018 at the project. Highlights include:
HTD-182: 72.5 metres of 20.4 g/t gold and 4.9% copper from 66.5 metres, including 9.0 metres of 69.9 g/t gold and 7.0% copper from 109.0 metres; and
HTD-185: 18.5 metres of 17.6 g/t gold from 486.5 metres, including 3.2 metres of 59.7 g/t gold from 487.8 metres.
Infill drill hole HTD-182 is a high-grade intersection that is an up-dip extension of the main mineralized body that has the potential to extend to below the surface alluvials. Extension drill hole HTD-185 is a new intersection on the drill section 2075 N that is open at depth in the southwest area of the Main Zone.
For QA/QC information see the appendix of this news release. Sandstorm has a 30% interest and a 2% NSR royalty on the Hod Maden project.
Equinox Gold Provides Construction Update At Aurizona
Equinox Gold Corp. (“Equinox Gold”) has provided an update on construction progress at the Aurizona gold mine in Brazil. Construction remains on schedule to pour gold by late 2018. As of the middle of June, the plant construction was 45% complete and progressing on a number of areas including grinding, crushing, and installation of agitators in the CIP circuit. Pre-production mining activities commenced in mid-April, including removing waste from two locations in the Piaba pit and developing access roads. The mining contractor has removed more than 600,000 tonnes of waste and roadwork is underway in preparation for ore mining in the third quarter of 2018.
For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated June 14, 2018.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited (“AngloGold”) was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
Kirkland Lake Gold Reports High-Grade Intersections From Underground Exploration Drilling
Kirkland Lake Gold Ltd. (“KL Gold”) has announced high-grade intersections from the continuation of their 2018 infill drilling program at the Macassa mine located in Ontario. The results support further mineral resource expansion, as all but two of the intersections are located outside of the existing mineral resource blocks. In addition, the results have identified a high-potential area within the eastern extension of the South Mine Complex which is located approximately 560 metres south-southeast of the new #4 Shaft, which is currently under construction with the first phase scheduled for completion in early 2022. Highlighted underground drill results from the HM Claim include:
53-3453: 3.7 metres of 34.6 g/t gold from 222.2 metres;
53-3455: 3.9 metres of 38.4 g/t from 220.4 metres; and
53-3466: 3.6 metres of 65.5 g/t from 218.7 metres.
Reported drill lengths are true widths. For more information visit the KL Gold website at www.klgold.com and see the press release dated July 5, 2018.
Sandstorm holds a 2% NSR royalty on the HM Claim which is located within the South Mine Complex at the Macassa Mine.
Metanor Intercepts 10.7 G/T Gold Over 4.4 Metres At Bachelor Lake And 5.0 G/T Gold Over 12.1 Metres At Barry
Metanor Resources Inc. (“Metanor”) has announced results from the Moroy zone ongoing underground development at the Bachelor Lake mine in Québec, Canada. Exploration drilling is ongoing at Moroy with one underground diamond drill rig. Part of the ore sill and haulage drift development is complete and the ore drift is being pushed eastward along strike. This development into the Moroy zone will provide additional ore for production. Highlighted drill results from the zone include:
MY18-054: 4.4 metres of 10.7 g/t gold from 87.8 metres;
MY18-063: 5.5 metres of 8.4 g/t gold from 140.2 metres; and
MY18-070: 4.0 metres of 11.0 g/t gold from 140.5 metres.
Metanor has also released results from the ongoing drill campaign at the Barry project, located 65 kilometres to the south of the Bachelor Lake mine. Recent drilling has demonstrated the continuity and predictability of the shear-hosted gold deposit for over 1.1 kilometres in strike length. Highlighted drill results from Barry include:
MB-18-176: 2.7 metres of 12.2 g/t gold from 387.0 metres;
MB-18-187: 1.8 metres of 14.6 g/t gold from 330.6 metres; and
MB-18-185: 12.1 metres of 5.0 g/t gold from 113.5 metres including 2.4 metres of 15.7 g/t gold.
True widths are estimated to range between 65% - 80% of core lengths at Moroy and 70% - 95% of core lengths at Barry. Grades were uncapped at both Moroy and Barry. For more information and complete drill results, visit the Metanor website at www.metanor.ca and see the press releases dated March 1, 2018 and April 9, 2018.
Sandstorm receives a minimum of 1,500 ounces of gold per quarter from Bachelor Lake until 12,000 ounces of gold have been delivered. The gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds a 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 3.9% - 4.9%.
Sandstorm Acquires Eight Royalties On Exploration Properties
During the second quarter of 2018, Sandstorm acquired eight royalties on exploration-stage projects located in Egypt, Burkina Faso, and Côte d’Ivoire. Sandstorm now has 188 royalty assets in its portfolio. A complete list of the royalties acquired is below:
Project Owner/Partner Country Property
Size Stage NSR
Royalty
Abu Marawat Aton Resources Inc. Egypt 738 km2 Advanced Exploration 1.0%
Bouboulou Nexus Gold Corp Burkina Faso 39 km2 Exploration 1.0%
Niangouela Nexus Gold Corp Burkina Faso 178 km2 Exploration 1.0%
Rakounga Nexus Gold Corp Burkina Faso 250 km2 Exploration 1.0%
Bobosso Progress Minerals Inc. Côte d’Ivoire 800 km2 Exploration 1.0%
Bira Progress Minerals Inc. Burkina Faso 371 km2 Exploration 1.0%
Bonsiega Progress Minerals Inc. Burkina Faso 480 km2 Exploration 1.0%
Tambiri Progress Minerals Inc. Burkina Faso 127 km2 Exploration 1.0%
Abu Marawat
Sandstorm acquired a 1.0% NSR royalty on the Abu Marawat concession located in Egypt. The project is owned by Aton Resources Inc. (“Aton”) and covers more than 700 square kilometres. Aton has been actively exploring the property resulting in the identification of an extensive 40 kilometre long gold mineralized trend containing numerous gold exploration targets and two mineral resource estimates: the Hamama West gold-silver resource, and the Abu Marawat gold-silver-copper-zinc vein resource.
Recent exploration has included surface sampling programs at the Rodruin and Zeno targets and included more than 100 grab samples. A 4,000 metre RC drilling program at the Rodruin target is expected to start in early August.
For more information, visit the Aton website at www.atonresources.com and see the press releases dated May 30, 2018 and July 11, 2018.
Bouboulou, Niangouela & Rakounga
Sandstorm acquired 1.0% NSR royalties on three projects owned by Nexus Gold Corp. (“Nexus”), the Bouboulou, Niangouela, and Rakounga projects located in Burkina Faso. The Bouboulou property has five known mineralized zones and three 5 kilometre long anomalous gold trends. A drilling program completed in 2017 at Bouboulou was designed to test and extend the zones previously identified on the property. Nine of the ten diamond drill holes successfully intersected gold mineralization.
The 250 square kilometre Rakounga property is contiguous to the Bouboulou property, bordering it on the west and south sides. Two of the trends at Bouboulou extend southwest on to Rakounga. A 3,000 metre drill program was completed in 2017 that successfully identified a broad zone of gold mineralization extending over 300 metres along strike and to depths of 80 metres below surface.
The Niangouela property covers 178 square kilometres and is located on the Boromo greenstone belt. The property contains numerous quartz veins and outcroppings proximal to artisanal pits and workings. A 2,000 metre drilling program in 2017 was conducted with the objective to test a primary quartz vein and associated shear zone at depth and along strike while targeting areas of gold anomalies identified from rock samples and RAB drilling. Results from the drilling program delivered gold intercepts in eight of the first nine holes drilled.
For more information, visit the Nexus website at www.nexusgoldcorp.com and see the press releases dated May 24, 2018 and June 21, 2018.
Bira, Bonsiega, Tambiri & Bobosso
As part of a financing package, Sandstorm will receive 1.0% NSR royalties on four project areas owned or controlled by Progress Minerals Inc. (“Progress”) in Burkina Faso and Côte d’Ivoire.
The Bira property includes a 28 kilometre long composite geochemical anomaly along the southern margin of a large granitic intrusion and possible shear zone. The trend contains several areas with artisanal mining. To date, Progress has completed a power auger sampling program covering the majority of the geochemical anomaly and 5,000 metres of RC drilling, targeting the northern most portion of the anomaly. Progress has identified eight drill-ready targets and plans to complete a minimum of 20,000 metres of RC drilling across these targets commencing in the fall of 2018. Progress conducted preliminary metallurgical testing on composites from its RC drill program and received positive results suggesting that the Bira mineralization may be amendable to cyanide-leaching.
The Tambiri property hosts artisanal mining activities in several areas of the property. Progress is planning 5,000 metres of RC drilling on the Tamibiri property to target a 1.0 kilometre strike extension of one of the active artisanal mining areas, to follow-up on historic drilling. Additional programs on Tamibiri will include mapping, soil sampling and power auger sampling to define additional drill targets.
The Bonsiega property is along the western extension of the Bira trend. An IP survey and power auger sampling program are planned across several target areas in the fourth quarter of 2018.
The Bobosso property, located in Cote d’Ivoire, hosts a seven square kilometre gold-in-soil anomaly. Progress completed two drilling programs in 2017 (4,244 metres of RC and 1,657 metres of diamond drilling) which were successful in identifying gold mineralization in seven target areas, including multiple zones with continuity over 300 metres of strike length. Progress also conducted initial bulk-leak extractable gold tests on several composites from the drilling. This preliminary metallurgical test work indicated that mineralization may be amenable to cyanide-leaching. An IP survey is planned for July 2018 and will be followed up on in the fall of 2018, with an RC drilling program of 10,000 metres.
For more information, visit the Progress website at www.progressminerals.com and see the press release dated June 12, 2018.
Erdene Intercepts 2.6 G/T Gold Over 81.4 Metres At Bayan Khundii
Erdene Resource Development Corp. (“Erdene”) has announced the results from its second quarter drill program at the Bayan Khundii project in southwest Mongolia. The drill program was designed to test priority structural targets, complete closer-spaced drilling within specific zones, and to test areas within the larger 1.4 kilometre trend that demonstrate good potential for establishing additional extensions to the gold mineralizes zones. Highlighted drill results from Bayan Khundii include:
BKD-251: 51.8 metres of 2.8 g/t gold from 93.0 metres; and
BKD-254: 81.4 metres of 2.6 g/t gold from 102.6 metres, including 17.0 metres of 9.2 g/t gold.
Erdene is currently working on a maiden resource estimate at Bayan Khundii that is expected to be announced in 2018.
For more information, visit the Erdene website at www.erdene.com and see the press releases dated May 10, 2018 and July 5, 2018. Sandstorm has a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar properties.
Appendix
Table 1: Hod Maden Drill Results
Hole Zone Section From To Intercept (m) Au (g/t) Cu (%) Azimuth Dip Depth
HTD 182 Main L2225N 66.50 139.00 72.50 20.39 4.87 090 -30 150.0
Includes 109.00 118.00 9.00 69.94 7.02
HTD 185 Main L2075N 411.00 419.00 8.00 2.97 0.77 090 -65 531.00
486.50 505.00 18.50 17.55 -
Includes 487.80 491.00 3.20 59.71 -
QA/QC
All assay data was provided to Sandstorm by Lidya. Mineralised intervals presented in Table 1 are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program was dominantly HQ-sized core with the remainder being PQ-sized core. Intercepts are calculated using a 0.5 g/t cut-off allowing one interval of internal and adjacent dilution. All drill core was photographed and quick logged prior to sampling. Standard sampling protocol involved the halving of all drill core and sampling over generally 1 metre intervals (in clearly mineralised sections) or 2 metre intervals (elsewhere), with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis. Samples have been analyzed at ALS Laboratories’ facility in Izmir, western Turkey. All samples have been analyzed for gold using a 30 gram Fire Assay with AAS finish (or Screen Fire Assay for higher grade samples), in addition to a 32 element ICP-AES analysis of an aqua regia digest. Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000 ppm) were reanalyzed using the AAS analytical technique. Standards and blanks were inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.
Sandstorm Gold Royalties Provides Corporate and Asset Updates
Vancouver, British Columbia | Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to provide an update related to share repurchases under the Company’s Normal Course Issuer Bid (“NCIB”), recent developments from the Company’s royalty portfolio, as well as the acquisition of eight royalties on exploration-staged properties.
Normal Course Issuer Bid Update
Since the renewal of the NCIB on April 5, 2018, Sandstorm has acted on its stated intention to repurchase shares of the Company. Approximately 1.4 million shares have been repurchased since April. Sandstorm may purchase up to a maximum of 9.2 million shares under the current NCIB program.
Yamana Declares Commercial Production At Cerro Moro And Increases Exploration Budget
Yamana Gold Inc. (“Yamana”) announced the declaration of commercial production at the Cerro Moro project in Argentina in late June 2018. Yamana is now focusing on optimizing the operation to ensure that gold and silver production and operating costs reach guidance levels.
The exploration budget at Cerro Moro for 2018 has increased from $9.0 million to $11.2 million. Yamana has set an exploration objective of adding one million gold equivalent ounces to the mineral inventory at Cerro Moro.
The objectives for the 2018 exploration program are:
Convert 110,000 gold equivalent ounces of inferred resources to measured and indicated mineral resources;
Discover 250,000 gold equivalent ounces of new inferred mineral resources; and
Define future drill targets through scout drilling, soil and rock sampling, and mapping.
For more information, visit the Yamana website at www.yamana.com and see press releases dated May 16, 2018 and June 26, 2018.
Beginning in 2019, Sandstorm has a silver stream agreement to purchase an amount of silver from Cerro Moro equal to 20% of the silver produced, up to a maximum of 1.2 million ounces of silver annually, until Yamana has delivered to Sandstorm 7.0 million ounces of silver; then 9.0% of the silver produced thereafter for the life of the mine. Sandstorm will make ongoing payments for each ounce of silver received, equal to 30% of the spot price per ounce of silver.
Endeavour Announces High Grade Discoveries At Houndé
Endeavour Mining Corporation (“Endeavour”) announced that the ongoing exploration program at its Houndé mine in Burkina Faso has successfully extended the Kari Pump high grade mineralization and has discovered two new large mineralized zones named Kari Centre and Kari West. Following the discovery of Kari Pump zone in late 2017, Endeavour prioritized efforts on the wider Kari area which hosts a large gold-in-soil geochemical anomaly. Kari is located seven kilometres west of the Houndé processing plant and in proximity to an existing haul road.
Since late December, more than 1,000 holes totaling 76,000 metres have been drilled in the Kari area, extending the mineralized zone to an area measuring 4.0 kilometres long and 3.0 kilometres wide. Approximately 25% of the gold-in-soil anomaly is remaining to be drilled. The Kari Center discovery extends 1.2 kilometres along strike and across a width of over 200 metres, with mineralization open at depth. The Kari West discovery extends at least 1.0 kilometre along strike and across a width of 500 metres, with mineralization open at depth and towards Kari Pump.
A further 65,000 metres drilling program is underway to delineate and extend the three discoveries made, with in-fill drilling planned on the Kari Pump target. A maiden resource on the Kari Pump area is expected to be completed by the end of 2018.
For more information, visit the Endeavour website at www.endeavourmining.com and see the press release dated May 24, 2018.
Sandstorm holds a 2% NSR royalty that covers approximately 480 square kilometres of the Houndé property.
Hod Maden Drill Results
Recent exploration and infill drill results have been reported by Lidya Madencilik San. ve Tic. A.S. (“Lidya”), Sandstorm’s 70% partner at Hod Maden. Drilling is ongoing and a total of 7,069 metres in 19 drill holes have been completed in 2018 at the project. Highlights include:
HTD-182: 72.5 metres of 20.4 g/t gold and 4.9% copper from 66.5 metres, including 9.0 metres of 69.9 g/t gold and 7.0% copper from 109.0 metres; and
HTD-185: 18.5 metres of 17.6 g/t gold from 486.5 metres, including 3.2 metres of 59.7 g/t gold from 487.8 metres.
Infill drill hole HTD-182 is a high-grade intersection that is an up-dip extension of the main mineralized body that has the potential to extend to below the surface alluvials. Extension drill hole HTD-185 is a new intersection on the drill section 2075 N that is open at depth in the southwest area of the Main Zone.
For QA/QC information see the appendix of this news release. Sandstorm has a 30% interest and a 2% NSR royalty on the Hod Maden project.
Equinox Gold Provides Construction Update At Aurizona
Equinox Gold Corp. (“Equinox Gold”) has provided an update on construction progress at the Aurizona gold mine in Brazil. Construction remains on schedule to pour gold by late 2018. As of the middle of June, the plant construction was 45% complete and progressing on a number of areas including grinding, crushing, and installation of agitators in the CIP circuit. Pre-production mining activities commenced in mid-April, including removing waste from two locations in the Piaba pit and developing access roads. The mining contractor has removed more than 600,000 tonnes of waste and roadwork is underway in preparation for ore mining in the third quarter of 2018.
For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated June 14, 2018.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited (“AngloGold”) was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
Kirkland Lake Gold Reports High-Grade Intersections From Underground Exploration Drilling
Kirkland Lake Gold Ltd. (“KL Gold”) has announced high-grade intersections from the continuation of their 2018 infill drilling program at the Macassa mine located in Ontario. The results support further mineral resource expansion, as all but two of the intersections are located outside of the existing mineral resource blocks. In addition, the results have identified a high-potential area within the eastern extension of the South Mine Complex which is located approximately 560 metres south-southeast of the new #4 Shaft, which is currently under construction with the first phase scheduled for completion in early 2022. Highlighted underground drill results from the HM Claim include:
53-3453: 3.7 metres of 34.6 g/t gold from 222.2 metres;
53-3455: 3.9 metres of 38.4 g/t from 220.4 metres; and
53-3466: 3.6 metres of 65.5 g/t from 218.7 metres.
Reported drill lengths are true widths. For more information visit the KL Gold website at www.klgold.com and see the press release dated July 5, 2018.
Sandstorm holds a 2% NSR royalty on the HM Claim which is located within the South Mine Complex at the Macassa Mine.
Metanor Intercepts 10.7 G/T Gold Over 4.4 Metres At Bachelor Lake And 5.0 G/T Gold Over 12.1 Metres At Barry
Metanor Resources Inc. (“Metanor”) has announced results from the Moroy zone ongoing underground development at the Bachelor Lake mine in Québec, Canada. Exploration drilling is ongoing at Moroy with one underground diamond drill rig. Part of the ore sill and haulage drift development is complete and the ore drift is being pushed eastward along strike. This development into the Moroy zone will provide additional ore for production. Highlighted drill results from the zone include:
MY18-054: 4.4 metres of 10.7 g/t gold from 87.8 metres;
MY18-063: 5.5 metres of 8.4 g/t gold from 140.2 metres; and
MY18-070: 4.0 metres of 11.0 g/t gold from 140.5 metres.
Metanor has also released results from the ongoing drill campaign at the Barry project, located 65 kilometres to the south of the Bachelor Lake mine. Recent drilling has demonstrated the continuity and predictability of the shear-hosted gold deposit for over 1.1 kilometres in strike length. Highlighted drill results from Barry include:
MB-18-176: 2.7 metres of 12.2 g/t gold from 387.0 metres;
MB-18-187: 1.8 metres of 14.6 g/t gold from 330.6 metres; and
MB-18-185: 12.1 metres of 5.0 g/t gold from 113.5 metres including 2.4 metres of 15.7 g/t gold.
True widths are estimated to range between 65% - 80% of core lengths at Moroy and 70% - 95% of core lengths at Barry. Grades were uncapped at both Moroy and Barry. For more information and complete drill results, visit the Metanor website at www.metanor.ca and see the press releases dated March 1, 2018 and April 9, 2018.
Sandstorm receives a minimum of 1,500 ounces of gold per quarter from Bachelor Lake until 12,000 ounces of gold have been delivered. The gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds a 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 3.9% - 4.9%.
Sandstorm Acquires Eight Royalties On Exploration Properties
During the second quarter of 2018, Sandstorm acquired eight royalties on exploration-stage projects located in Egypt, Burkina Faso, and Côte d’Ivoire. Sandstorm now has 188 royalty assets in its portfolio. A complete list of the royalties acquired is below:
Project Owner/Partner Country Property
Size Stage NSR
Royalty
Abu Marawat Aton Resources Inc. Egypt 738 km2 Advanced Exploration 1.0%
Bouboulou Nexus Gold Corp Burkina Faso 39 km2 Exploration 1.0%
Niangouela Nexus Gold Corp Burkina Faso 178 km2 Exploration 1.0%
Rakounga Nexus Gold Corp Burkina Faso 250 km2 Exploration 1.0%
Bobosso Progress Minerals Inc. Côte d’Ivoire 800 km2 Exploration 1.0%
Bira Progress Minerals Inc. Burkina Faso 371 km2 Exploration 1.0%
Bonsiega Progress Minerals Inc. Burkina Faso 480 km2 Exploration 1.0%
Tambiri Progress Minerals Inc. Burkina Faso 127 km2 Exploration 1.0%
Abu Marawat
Sandstorm acquired a 1.0% NSR royalty on the Abu Marawat concession located in Egypt. The project is owned by Aton Resources Inc. (“Aton”) and covers more than 700 square kilometres. Aton has been actively exploring the property resulting in the identification of an extensive 40 kilometre long gold mineralized trend containing numerous gold exploration targets and two mineral resource estimates: the Hamama West gold-silver resource, and the Abu Marawat gold-silver-copper-zinc vein resource.
Recent exploration has included surface sampling programs at the Rodruin and Zeno targets and included more than 100 grab samples. A 4,000 metre RC drilling program at the Rodruin target is expected to start in early August.
For more information, visit the Aton website at www.atonresources.com and see the press releases dated May 30, 2018 and July 11, 2018.
Bouboulou, Niangouela & Rakounga
Sandstorm acquired 1.0% NSR royalties on three projects owned by Nexus Gold Corp. (“Nexus”), the Bouboulou, Niangouela, and Rakounga projects located in Burkina Faso. The Bouboulou property has five known mineralized zones and three 5 kilometre long anomalous gold trends. A drilling program completed in 2017 at Bouboulou was designed to test and extend the zones previously identified on the property. Nine of the ten diamond drill holes successfully intersected gold mineralization.
The 250 square kilometre Rakounga property is contiguous to the Bouboulou property, bordering it on the west and south sides. Two of the trends at Bouboulou extend southwest on to Rakounga. A 3,000 metre drill program was completed in 2017 that successfully identified a broad zone of gold mineralization extending over 300 metres along strike and to depths of 80 metres below surface.
The Niangouela property covers 178 square kilometres and is located on the Boromo greenstone belt. The property contains numerous quartz veins and outcroppings proximal to artisanal pits and workings. A 2,000 metre drilling program in 2017 was conducted with the objective to test a primary quartz vein and associated shear zone at depth and along strike while targeting areas of gold anomalies identified from rock samples and RAB drilling. Results from the drilling program delivered gold intercepts in eight of the first nine holes drilled.
For more information, visit the Nexus website at www.nexusgoldcorp.com and see the press releases dated May 24, 2018 and June 21, 2018.
Bira, Bonsiega, Tambiri & Bobosso
As part of a financing package, Sandstorm will receive 1.0% NSR royalties on four project areas owned or controlled by Progress Minerals Inc. (“Progress”) in Burkina Faso and Côte d’Ivoire.
The Bira property includes a 28 kilometre long composite geochemical anomaly along the southern margin of a large granitic intrusion and possible shear zone. The trend contains several areas with artisanal mining. To date, Progress has completed a power auger sampling program covering the majority of the geochemical anomaly and 5,000 metres of RC drilling, targeting the northern most portion of the anomaly. Progress has identified eight drill-ready targets and plans to complete a minimum of 20,000 metres of RC drilling across these targets commencing in the fall of 2018. Progress conducted preliminary metallurgical testing on composites from its RC drill program and received positive results suggesting that the Bira mineralization may be amendable to cyanide-leaching.
The Tambiri property hosts artisanal mining activities in several areas of the property. Progress is planning 5,000 metres of RC drilling on the Tamibiri property to target a 1.0 kilometre strike extension of one of the active artisanal mining areas, to follow-up on historic drilling. Additional programs on Tamibiri will include mapping, soil sampling and power auger sampling to define additional drill targets.
The Bonsiega property is along the western extension of the Bira trend. An IP survey and power auger sampling program are planned across several target areas in the fourth quarter of 2018.
The Bobosso property, located in Cote d’Ivoire, hosts a seven square kilometre gold-in-soil anomaly. Progress completed two drilling programs in 2017 (4,244 metres of RC and 1,657 metres of diamond drilling) which were successful in identifying gold mineralization in seven target areas, including multiple zones with continuity over 300 metres of strike length. Progress also conducted initial bulk-leak extractable gold tests on several composites from the drilling. This preliminary metallurgical test work indicated that mineralization may be amenable to cyanide-leaching. An IP survey is planned for July 2018 and will be followed up on in the fall of 2018, with an RC drilling program of 10,000 metres.
For more information, visit the Progress website at www.progressminerals.com and see the press release dated June 12, 2018.
Erdene Intercepts 2.6 G/T Gold Over 81.4 Metres At Bayan Khundii
Erdene Resource Development Corp. (“Erdene”) has announced the results from its second quarter drill program at the Bayan Khundii project in southwest Mongolia. The drill program was designed to test priority structural targets, complete closer-spaced drilling within specific zones, and to test areas within the larger 1.4 kilometre trend that demonstrate good potential for establishing additional extensions to the gold mineralizes zones. Highlighted drill results from Bayan Khundii include:
BKD-251: 51.8 metres of 2.8 g/t gold from 93.0 metres; and
BKD-254: 81.4 metres of 2.6 g/t gold from 102.6 metres, including 17.0 metres of 9.2 g/t gold.
Erdene is currently working on a maiden resource estimate at Bayan Khundii that is expected to be announced in 2018.
For more information, visit the Erdene website at www.erdene.com and see the press releases dated May 10, 2018 and July 5, 2018. Sandstorm has a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar properties.
Appendix
Table 1: Hod Maden Drill Results
Hole Zone Section From To Intercept (m) Au (g/t) Cu (%) Azimuth Dip Depth
HTD 182 Main L2225N 66.50 139.00 72.50 20.39 4.87 090 -30 150.0
Includes 109.00 118.00 9.00 69.94 7.02
HTD 185 Main L2075N 411.00 419.00 8.00 2.97 0.77 090 -65 531.00
486.50 505.00 18.50 17.55 -
Includes 487.80 491.00 3.20 59.71 -
QA/QC
All assay data was provided to Sandstorm by Lidya. Mineralised intervals presented in Table 1 are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program was dominantly HQ-sized core with the remainder being PQ-sized core. Intercepts are calculated using a 0.5 g/t cut-off allowing one interval of internal and adjacent dilution. All drill core was photographed and quick logged prior to sampling. Standard sampling protocol involved the halving of all drill core and sampling over generally 1 metre intervals (in clearly mineralised sections) or 2 metre intervals (elsewhere), with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis. Samples have been analyzed at ALS Laboratories’ facility in Izmir, western Turkey. All samples have been analyzed for gold using a 30 gram Fire Assay with AAS finish (or Screen Fire Assay for higher grade samples), in addition to a 32 element ICP-AES analysis of an aqua regia digest. Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000 ppm) were reanalyzed using the AAS analytical technique. Standards and blanks were inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.
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