SANDSTORM GOLD -- ehemals --Sandstorm Resources (Seite 14)

[MONSIEURCB]

Na, du tapferer Alleinunterhalter?
Glaubst du wirklich immer noch an diesen "Wert"?
Ich hatte ihn schon 3 x - und hab ihn 3 x mit Velust wieder verkauft.
OK, falsches Timing & my fault ... aber warum nicht Wheaton oder Franco Nevada????

[KMST]

Sandstorm Gold Acquires 2% NSR Royalty on Endeavour's Houndé Gold Mine from Acacia Mining

VANCOUVER, Dec. 18, 2017 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce that the Company has agreed to purchase an existing 2% net smelter returns royalty ("NSR Royalty") on the producing Houndé gold mine in Burkina Faso, operated by Endeavour Mining Corporation ("Endeavour"). The NSR Royalty will be acquired from Acacia Mining plc for US$45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Houndé property package. Nearly the entire Houndé Mineral Reserve of 2.1 million ounces (as of December 2014) is located on the Kari North and Kari South tenements, including the Vindaloo deposit and most of the Bouéré deposit. The NSR Royalty acquisition is expected to close in January 2018.

—Acquisition Highlights

Immediate Cash Flow: Commercial production was announced on October 31, 2017 and the Houndé mine is expected to produce 235,000 ounces of gold per year on average over the first four years of operations. The mine has an initial ten year mine life based on the current Mineral Reserves.
Strong Operator: Endeavour is a mid-tier gold producer with five operating mines in Africa. The construction of the Houndé mine was completed ahead of schedule and below budget and the asset is now Endeavour's flagship gold mine.
Exploration Upside: Endeavour has set a discovery target at Houndé of 2.5 million to 3.5 million ounces of gold over the next four years with US$40 million in budgeted expenditures from 2018 to 2021. A number of the high-priority targets are on the Sandstorm royalty ground.

Sandstorm's President and CEO Nolan Watson remarked, "The Houndé royalty is a natural fit for the Sandstorm portfolio as the asset meets all of the criteria that we look for in an acquisition. Shareholders will benefit from an immediate 10% increase in cash flow per share beginning in 2018, Endeavour has proven to be an adept operator in West Africa and we're extremely excited about the exploration potential on what is a massive property. The nearly 500 square kilometre area that applies to the royalty is one of the largest prospective land packages in Sandstorm's royalty portfolio and Endeavour has committed tens of millions of dollars in exploration spending in the coming years to aggressively search for new ore. Sandstorm will be a direct beneficiary of that work."

—About Houndé

Houndé is Endeavour's flagship asset and ranks amongst West Africa's top tier cash generating mines. The average annual production during the first four years of operations is expected to be 235,000 ounces of gold at an all-in-sustaining-cost of US$610 per ounce.

The Houndé project is located 250 kilometres southwest of Ouagadougou, the capital city of Burkina Faso. Infrastructure in the area includes a paved highway approximately 2.7 kilometres from the mine site, a 225 kV power line as close as 200 metres in some areas and a rail line that extends to the port of Abidjan, Côte d'Ivoire approximately 25 kilometres west of the deposit area.

Houndé is an open-pit mine with a 3.0 million tonne per year gravity circuit and carbon-in-leach plant. The gravity concentrate is processed through an intensive cyanide leach reactor followed by electrowinning to recover the gold. The carbon-in-leach feed is thickened and fed into a standard carbon-in-leach circuit. Construction of the project began in April 2016 and was completed in October 2017 ahead of schedule and below budget. Commercial production was declared in early November 2017, more than two months ahead of schedule following the rapid construction and ramp-up periods, with nameplate capacity achieved within weeks following the introduction of ore into the mill. Production results to date have exceeded design parameters including recovery rates which have averaged 95%.

The mineralization at Houndé is mainly quartz stockwork-style and is weakly to moderately pyritic. The Vindaloo trend, where the bulk of the Mineral Reserves have been identified, has been drill tested for a distance of approximately 7.7 kilometres along strike and up to 350 metres depth. The intrusion-hosted zones range up to 70 metres in true thickness and average close to 20 metres true thickness along a 1.2 kilometre section of the zone called Vindaloo Main. Volcanic and sediment-hosted zones are generally less than 5 metres wide. The entire mineralized package strikes north-northeast and dips steeply to the west. The mineralization remains open both along strike and to depth.

The Sandstorm NSR Royalty covers approximately 500 square kilometers within the highly prospective Birimian Greenstone belt. Exploration drilling resumed on the property in early 2017 following a two year period of inactivity and has confirmed the occurrence of high-grade mineralization at the nearby Kari Pump as well as other targets such as Bouéré, Bombi, Koho and Kari Fault. Endeavour has incurred approximately US$5 million in exploration spending during 2017 and has set an exploration budget of US$40 million to be spent over the next four years.

In 2018, Endeavour will undertake an exploration campaign on the Kari Pump target to test the continuity of the mineralized corridors and its extensions along strike and at depth. In addition, infill drilling will be conducted to delineate a maiden Indicated Mineral Resource at Kari Pump, expected to be released during the second half of 2018. Mineralization will also be tested at the Kari target with an exploration program on a large gold-in-soil anomaly.

For more information on the location of the exploration target areas refer to the following claim map: http://www.sandstormgold.com/_resources/images/Hounde_Claim-…

RESERVES AND RESOURCES

Mineral Reserves and Resources for the Houndé property are effective as of December 31, 2014.

Category


Tonnage
(Mt)


Gold Grade
(g/t)


Contained Gold
(koz)

Proven Reserves


3.7


2.5


295

Probable Reserves


26.9


2.1


1,780

Proven & Probable Reserves


30.6


2.1


2,073

Measured Resources


3.7


2.6


305

Indicated Resources


34.1


2.1


2,242

Measured & Indicated Resources


37.8


2.1


2,546

Inferred Resources


3.2


2.6


273

Notes:

Mineral resources that are not mineral reserves do not have demonstrated economic viability.
All Mineral Resources are reported inclusive of Mineral Reserves.
Tonnages are rounded to the nearest 1,000 tonnes; gold grades are rounded to one decimal place; ounces are rounded to the nearest 1,000oz. Rounding may result in apparent summation differences between tonnes, grade and contained metal.
Tonnes and grade measurements are in metric units; contained gold is in troy ounces.
The reporting of Mineral Reserves and Resources are based on a gold price of US$1,300 and US$1,500 per ounce respectively.
The cut-off grade used is 0.5 g/t gold.
For more information see www.endeavourmining.com and the news release dated February 19, 2015.

—Qualified Person

Keith Laskowski (MSc), Sandstorm's Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Laskowski has not independently verified the resource estimates contained in this disclosure. He has reviewed and approved the technical information in this press release.

[KMST]

Columbus Gold announces that the Montagne d'Or joint-venture board unanimously decided to proceed with construction of the Montagne d'Or gold mine in French Guiana. Another Sandstorm royalty project moving towards production!

[KMST]

Antwort auf Beitrag Nr.: 56.395.093 von KMST am 07.12.17 18:55:45

Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 23,000 $5.45
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 23,000 $5.49
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $5.50
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 100 $5.51
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $5.51
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 600 $5.52
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $5.52
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 300 $5.53
Dec 6/17 Dec 1/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 100 $5.70
Dec 6/17 Dec 1/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 4,700 $5.65

[KMST]

David Awram mit insiderkäufen größer 500000$ dazu noch news von metanor die Produktion in 3 Jahren auf über 100000oz im Jahr zu steigern🤑

[KMST]

sehr guter deal/ spinout...hier bleibt eine menge für sandstorm hängen

Spada Gold Announces Qualifying Transaction to Acquire Côte D'Ivoire Assets from Sandstorm Gold Nov 15, 2017, 20:44 ET


VANCOUVER, Nov. 15, 2017 /CNW/ - Spada Gold Limited (TSXV: SPL.P) ("Spada" or the "Company"), a capital pool company listed on the TSX Venture Exchange (the "Exchange") is pleased to announce that it has entered into a series of property acquisition agreements to acquire a 100% interest in the Bondoukou Project and Abengourou Project areas in Côte D'Ivoire and a 90% interest in the Odienné Project area, also in Côte D'Ivoire. The project areas include a 100% interest in a total of four exploration licenses covering approximately 1,589 km2 in Côte D'Ivoire, with a further 7 exploration licenses covering another 2,393 km2 under application. The projects were previously controlled by Mariana Resources Limited, which was acquired by Sandstorm Gold Limited (TSX: SSL, NYSE: SAND) ("Sandstorm") in July 2017.

The completion of the property acquisitions will constitute the Company's "Qualifying Transaction" under the Exchange's policies. As the acquisitions are arm's-length transactions, Spada is not required to obtain shareholder approval. Following the completion of the acquisition, Spada will change its name to "Awalé Resources Limited" ("Awalé Resources").

Awalé Resources will focus on gold exploration for high grade deposits in the West African Birimian Greenstone belts and the Mann Shield within the relatively underexplored country of Côte d'Ivoire. Côte d'Ivoire is underlain by nearly 33% of the entire prospective Birimian terrain; however, the country contains less than 10% of the Birimian gold resources suggesting there is significant potential for major new gold discoveries. The Birimian of West Africa is now recognized as one the world's premier gold provinces and Awalé Resources is excited to be the next exploration company in the country. The experienced management and local exploration team from Mariana Resources Limited remains intact and focused on advancing the company's projects in an economic and socially sustainable manner.

Acquisition Agreements

Spada will acquire a 100% effective interest in the Bondoukou Project and Abengourou Project areas and a 90% effective interest in the Odienné Project through agreements dated November XX, 2017 with Sandstorm, and two private entities, Awalé Holdings Limited ("Awalé Holdings") and Newoka Resources SARL ("Newoka").

To Sandstorm, Spada will provide consideration of:

(i)


granting a 2.0% net smelter returns royalty to Sandstorm over Bondoukou, Abengourou and Odienné; and

(ii)


$400,000 payable to Sandstorm in cash or shares at Spada's election on each anniversary of the acquisition, until commercial production is achieved or earlier if certain events occur.

Any outstanding debt to Sandstorm will be satisfied by Spada issuing shares to Sandstorm in settlement of the debt at the same price as the Private Placement (described below).

To Awalé Holdings, Spada will provide consideration of:

(i)


3,800,000 common shares and 200,000 common share purchase warrants of Spada; and

(ii)


upon delineation of a Mineral Resource, a per ounce payment of US$0.50 up to one million ounces and US$1.00 per ounce over one million ounces, subject to a maximum of US$3.5 million.

To Newoka, Spada will provide consideration of:

(i)


1,000,000 common shares in Spada; and

(ii)


a fee of US$800,000 payable upon granting of an exploitation mining license over the Bondoukou project.

The Projects

The Bondoukou, Abengourou and Odienné projects are located in the Zanzan, Comoe, Dengéulé and Montagnes Regions of Côte D'Ivoire and consist of 4 (four) exploration licenses (also referred to as permits) for 1,589 km2 and a further 7 (seven) applications exploration licenses for 2,393 km2. Since 2015, more than US$1.4 million in aggregate expenditures have been incurred in exploring the properties, of which the majority was spent on the Bondoukou Project. All of the project areas contain active artisanal gold mining operations.

A map of the of the properties can be found here: http://www.sandstormgold.com/_resources/spada/propertymap.jp…

The Bondoukou Project will be the initial focus of the Company's exploration in Côte D'Ivoire. The Bondoukou Project lies within a Birimian-age greenstone belt in NE Côte D'Ivoire in which high grade gold mineralization is currently being mined by artisanal miners from sheeted vein complexes near the contact between a zoned granitoid intrusion and host meta-volcanic and sedimentary rocks. However, in spite of the known gold occurrences, the Bondoukou Project has seen limited modern systematic exploration and has yet to be drilled. Birimian-age greenstone belts are host to the majority of the world class orogenic gold deposits discovered in neighbouring Burkina Faso, Mali, and Ghana.

There are 12 gold mineralized target areas that were identified from a broad range of surface work, including airborne magnetic and radiometric surveys, stream sediment geochemistry, geological mapping, rock sampling and 9,515 metres of auger drilling in 2,594 holes. The results from this work have identified an 80 kilometre long zone of structurally controlled gold occurrences including the 38 kilometre long Awari Shear Zone. Follow-up programs focused on a 15 kilometre segment of this zone. Auger sampling within this zone has identified a 6 kilometre long trend of anomalous gold values (>10ppb) with peak values up to 1,071 ppb. The highest current priority drill targets on the Awari Shear Zone are the Fako and Fako South targets. Within this area, 19 artisanal mining sites have been identified. A total of 173 rock samples have been collected from dumps and workings (0.005 g/t – 30.0 g/t gold). Of these samples, 17 samples contained gold values ranging from 1.5 g/t – 30.0 g/t gold, with 6 samples greater than 10.0 g/t gold. The mean of the 173 assays was 1.1 g/t gold. Detailed results are to be included in the NI 43-101 Technical Report, prepared by Galen White for CSA Global, to be filed upon closing of the Transaction.

A map of the Fako and Fako South target areas can be found here: http://www.sandstormgold.com/_resources/spada/geology.jpg

A drilling contractor is being mobilized to begin a 5,000 to 7,000 metre reverse circulation drill program on these targets at the Bondoukou project, with the results anticipated in the first quarter of 2018.

Awalé will also complete reconnaissance exploration at the Odienné prospect located in northwest Cote D'Ivoire. A small low cost program will include stream sediment and soil sampling to be completed before the end of December. Awalé Resources will continue to undertake systematic exploration of Odienné and its other areas in order to continue to rank and accelerate the generation of new high quality prospects.

Concurrent Private Placement

Concurrently with the transactions described above, Spada intends to complete a private placement of 12,000,000 shares of Spada at a price of $0.25 per share for gross proceeds of $3,000,000 (the "Private Placement"). Completion of the Private Placement is a condition to the closing of the acquisition of the properties. The Company anticipates that Sandstorm will participate in the Private Placement.

Resulting Issuer

On completion of the transaction, Glen Parsons will be the Chief Executive Officer, Andrew Chubb will be the Chief Operating Officer and Sharon Cooper will be the Chief Financial Officer of the resulting issuer. The current directors Chris Buss, Keith Laskowski and Navdeep Gill will resign from the board and the board of directors of the resulting issuer is expected to be Glen Parsons, Eric Roth, Ron Ho and Derk Hartman.

[KMST]

Sieht nach einem beat der Jahreszahlen aus

[KMST]

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SANDSTORM GOLD ANNOUNCES THIRD QUARTER PRODUCTION NUMBERS, PROVIDES ASSET UPDATES

Vancouver, British Columbia | October 2, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to report the attributable gold equivalent ounces sold during the third quarter of 2017 and recent updates from the Company’s royalty properties.

SANDSTORM SELLS 14,290 GOLD EQUIVALENT OUNCES IN Q3

Sandstorm sold approximately 14,290 gold equivalent ounces during the third quarter of 2017, the second highest quarterly total in Company history. The attributable gold equivalent ounces were delivered from 20 royalty assets.

During the first 9 months of 2017 Sandstorm has sold approximately 42,600 gold equivalent ounces, consistent with the Company’s sales forecast for the 2017 year of between 50,000 and 55,000 gold equivalent ounces. The Company is forecasting attributable gold equivalent production of approximately 130,000 ounces per annum in 2022.

Sandstorm President and CEO Nolan Watson commented, “I’m glad to report that after three quarters we are on track to meet our stated production guidance for the year. Our royalty portfolio has reached a critical mass and is generating reliable cash flow from our producing assets and there are a number of exciting projects being developed and explored.”

ASSET HANDBOOK NOW AVAILABLE

Sandstorm has compiled a comprehensive resource to allow for investors to better familiarize themselves with the Company’s royalty portfolio. Version one of the Asset Handbook is now available and includes detailed information on Sandstorm’s producing and development-stage royalty assets. Subsequent versions of the handbook will include a discussion of the exploration properties.

The Asset Handbook is available on the Sandstorm website at www.sandstormgold.com.

ROYALTIES ACQUIRED FROM TSODILO RESOURCES

Sandstorm has acquired three royalties from Tsodilo Resources Ltd. (“Tsodilo”) on properties located in Botswana and South Africa. The royalties were purchased for US$1.5 million and cover more than 1,000,000 hectares of property. The royalty assets include:

a 1% net smelter returns (“NSR”) royalty on the 892,690 hectare Gcwihaba prospecting metal licenses in northwest Botswana;
a 1% gross proceeds royalty on the 58,000 hectare Bosoto PL217 precious stone prospecting license located in the Orapa Kimberlite Field; and
a 1% NSR on the 9,030 hectare Idada gold and silver prospecting license located in the Barberton Greenstone Belt in the Mpumalanga province of South Africa.
For more information visit the Tsodilo website at www.tsodiloresources.com and see the press release dated September 26, 2017.

YAMANA PROVIDES EXPLORATION UPDATES AT CERRO MORO AND CHAPADA

Yamana Gold Inc. (“Yamana”) provided an update on its exploration programs at the Cerro Moro gold-silver project in Argentina and the Chapada gold-copper mine in Brazil.

Cerro Moro

Exploration activities at Cerro Moro have focused on Mineral Resource discovery as part of a four-year program with the goal to extend the operational mine life by adding one million new gold equivalent ounces to the Mineral Resource inventory. The 2017 US$8 million dollar budget includes funding for a 35,000 metre infill and exploration program to test down dip extensions to known mineral shoots with the objective of upgrading Inferred Mineral Resources to Indicated Mineral Resource status and to ultimately add new Mineral Reserves. Drilling to infill and extend targets within the known Escondida-Zoe vein system have yielded encouraging results including:

MD2263: 1.4 metres of 44.7 grams per tonne ("g/t") gold and 2,627.0 g/t silver from 215.6 metres and 2.5 metres of 21.6 g/t gold and 821.4 g/t from 226.5 metres; and
MD2273: 2.2 metres of 119.8 g/t gold and 3,059.9 g/t silver from 228.1 metres.
A 1,500 metre mineralized structure has been outlined that links the Esperanza and Escondida northwest mineral systems, and follow up drilling indicates mineralization remains open along strike and down dip, all of which suggests that further drilling should result in increases to Mineral Resources.

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.

Exploration drill hole assay results for Cerro Moro includes all holes completed with results above 3.3 g/t AuEq. AuEq is calculated as g/t Au + (g/t Ag)/66.4. True widths not known at this time.

Chapada

Exploration efforts at Chapada have concentrated on increasing Mineral Reserves and Resources by testing near mine and district targets that include Baru, Suruca, Buriti and Formiga. A map of the targets is available at http://files.newswire.ca/1563/1102669_figure-1.jpg.

The Baru target is a northeast to southwest trending mineral body adjacent to the north wall of the main Chapada pit. Exploration at Baru has identified a near surface, high grade core and studies are underway to review a larger open pit scenario at Chapada that includes the Baru and nearby Sucupria deposit.

At Suruca, an infill drill program was completed to define a near surface gold oxide deposit for open pit heap leach extraction and recent exploration has been focused on drill testing the copper-gold sulphide portion of the mineral body to the southwest, known as Suruca Southwest. Drilling has discovered a higher grade core, within broader zones of more modest grade copper and gold mineralization, that is at or above current life of mine grades with metallurgy similar to the Chapada deposit. Drill results include:

SU-941: 98.0 metres of 0.2 g/t gold and 0.18% copper from 70.0 metres including 13.0 metres of 0.4 g/t gold and 0.32% copper;
SU-943: 104.6 metres of 0.2 g/t gold and 0.20% copper from 46.4 metres including 21.9 metres of 0.3 g/t gold, 0.26% copper from 55.0 metres and 16.7 metres of 0.4 g/t gold and 0.40% copper from 114.4 metres; and
SU-963: 73.0 metres of 0.3 g/t gold, 0.24% copper from 63.0 metres including 20.6 metres of 0.6 g/t gold and 0.39% copper from 96.0 metres.
New copper-gold mineralization was also identified three kilometres from the Chapada mine at the Buriti target which adds another near surface discovery at Chapada. The mineralization is identified over a two kilometre strike length with modest grade copper gold near surface. The mineralized intercepts at Buriti range from 17.0 metres to 58.0 metres down the hole.

Drill testing at the Formiga target, 14 kilometres to the north of Chapada, has identified three distinct pods of high grade copper and gold mineralization that are under evaluation for further development. The deposits are all near surface and have the potential to generate Indicated Mineral Resources in 2017.

Sandstorm has a copper stream agreement to purchase 4.2% of the copper produced at Chapada up to a maximum of 3.9 million pounds annually. When Yamana has delivered 39 million pounds of copper to Sandstorm, the copper stream will reduce to 3.0%. Once 50 million pounds of copper have been delivered to Sandstorm on a cumulative basis, the stream will reduce to 1.5% of the copper produced for the life of the mine. Sandstorm will make ongoing payments for each pound of copper purchased equal to 30% of the spot price of copper.

A 0.25% CuEq cut-off grade was applied to all assays received from the Suruca Southwest target. CuEq is equal to % Cu + (g/t Au x 0.504). True widths not known at this time. For more information and for complete drill results visit the Yamana website at www.yamana.com and see the press release dated September 25, 2017.

COLUMBUS GOLD ENTERS INTO FORMAL JV WITH NORDGOLD TO DEVELOP MONTAGNE D’OR, PRODUCTION DECISION EXPECTED IN DEC. 2017

Columbus Gold Corp. (“Columbus”) has signed a Shareholder Agreement and entered into a formal joint venture with Nord Gold SE (“Nordgold”) with respect to the management and development of the Montagne d’Or gold deposit located in French Guiana. Under the terms of the joint venture, Nordgold is the project operator and a mine construction decision deadline was set for December 18, 2017.

Sandstorm has a 1.0% NSR royalty on the Montagne d’Or project.

For more information visit the Columbus website at www.columbusgoldcorp.com and see the press release dated September 26, 2017.

CANADIAN ZINC ANNOUNCES FEASIBILITY STUDY RESULTS FOR THE PRAIRIE CREEK MINE, RECEIVES APPROVAL FOR ALL SEASON ROAD

Canadian Zinc Corporation (“Canadian Zinc”) has reported preliminary results from a Feasibility Study on its Prairie Creek Zinc-Lead-Silver project in the Northwest Territories, Canada. The study evaluated a 1,600 tonne per day underground mining operation that will process 8.1 million tonnes of Mineral Reserve material over a 15 year mine life. Average annual production is estimated to be 65,000 tonnes of zinc concentrate and 72,000 tonnes of lead concentrate containing 95 million pounds of zinc, 105 million pounds of lead and 2.1 million ounces of silver. The Feasibility Study indicates a base case Pre-Tax Net Present Value (“NPV”) of US$344 million using an 8% discount rate with an internal rate of return (“IRR”) of 23.8%. The post-tax NPV is estimated to be US$188 million with a post-tax IRR of 18.4%. The base case metal price assumptions used in the model are US$1.10/lb zinc, US$1.00/lb lead, US$19.00/oz silver with a foreign exchange rate of C$1.25/US$1.00. Pre-production capital costs, including a provision for a new all season road, are estimated at US$279 million, including a contingency of US$26 million. The post-tax payback of the initial capital costs is 4.6 years from the commencement of concentrate production.

Canadian Zinc has also announced that the Mackenzie Valley Environmental Impact Review Board recommended approval for the proposed All Season Road at Prairie Creek. The next permitting stage before the permit is issued is the regulatory phase conducted by the Mackenzie Valley Land and Water Board with input from territorial and federal agencies. Development of the all season road will enable the transportation of concentrates and supplies throughout the year. The road also has the potential to enable the use of liquid natural gas which would reduce energy costs and the environmental impact of the project.

Sandstorm has a 1.2% NSR royalty on the Prairie Creek project.

For more information visit the Canadian Zinc website at www.canadianzinc.com and see the press releases dated September 28, 2017 and September 12, 2017. A Technical Report in support of the 2017 Feasibility Study prepared in accordance with National Instrument 43-101 Standards for Disclosure for Mineral Projects will be filed on SEDAR within 45 days of the September 28, 2017 press release.

ERDENE CONTINUES TO DEFINE NEW ZONE AT BAYAN KHUNDII, RECEIVES POSITIVE METALLURGICAL RESULTS

Erdene Resource Development Corp. (“Erdene”) announced additional assay results from their ongoing 2017 drill program at the Bayan Khundii project in southwest Mongolia. A total of 19,386 metres have been drilled in 2017 and during the fourth quarter Erdene will be testing a series of geophysical and geochemical targets within the larger Bayan Khundii prospect area.

Results from drilling completed during the third quarter have continued to define a high-grade zone between the Midfield and Striker Zones. Hole BKD-194 is the latest in a series of holes confirming the continuity between these two high-grade zones. Three holes were also drilled to test potential continuity of gold mineralization west of the Midfield Zone (BKD-183,189 and 190) and a single hole (BKD-198) was drilled 130 metres west of the Striker Zone to test the down-dip potential of previously completed hole BKD-32 which returned a broad zone of low-grade mineralization during 2016 drilling. This hole confirmed higher grades at depth. Drill highlights include:

BKD-188: 120.0 metres of 1.1 g/t gold from 110.0 metres including 3.0 metres of 33.1 g/t gold from 176.0 metres;
BKD-194: 128.0 metres of 1.1 g/t gold from 49.0 metres including 22.0 metres of 3.3 g/t gold from 115.0 metres;
BKD-196: 22.0 metres of 2.4 g/t gold from 112.0 metres including 1.0 metre of 43.1 g/t gold from 118.0 metres;
BKD 197: 6.0 metres of 2.7 g/t gold from 130.0 metres;
BKD-198: 25.0 metres of 1.4 g/t gold from 144.0 metres including 3.0 metres of 7.8 g/t gold from 145.0 metres; and
BKD-30ext: 58.0 metres of 1.2 g/t gold from 59.0 metres including 16.0 metres of 2.8 g/t gold from 87.0 metres.
The results from Phase I metallurgical testing at Bayan Khundii has come back positive with two master composites indicating that gold from the project is free milling and amenable to conventional processing techniques.

Sandstorm has a 2.0% NSR royalty on Erdene’s Bayan Khundii and Altan Nar projects.

Reported intervals are not true width. For more information and for complete drill results visit Erdene’s website at www.erdene.com and see the press releases dated September 14, 2017 and September 12, 2017.

TREK MINING DISCOVERS NEW GOLD ZONE EAST OF THE PIABA DEPOSIT AT AURIZONA

Trek Mining Inc. (“Trek”) announced that exploration drilling at their Aurizona gold mine in Brazil has intersected two new zones of gold mineralization at the Genipapo target. Genipapo is located east and north of the Piaba gold deposit and measures several square kilometres in area and covers numerous northwest-southeast trending gold-in-soil anomalies. Five diamond drill holes totaling 1,009 metres were drilled to test the target area. Drill highlights include:

BRAZD545: 4.0 metres of 3.3 g/t gold from 75.0 metres; and
BRAZD546: 13.0 metres of 1.9 g/t gold from 3.0 metres including 3.0 metres at 5.6 g/t gold from 10.0 metres.
Trek recently commenced an aggressive second phase of exploration drilling at Aurizona and has five diamond drill rigs working to complete a 12,000 metre drill campaign. The focus of the campaign is to test several high-potential near-mine targets including follow-up drilling at Genipapo and additional infill drilling at Piaba West.

Sandstorm has a 3.0% - 5.0% 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 2.0% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. Trek recently announced an exploration agreement with AngloGold Ashanti Limited (“AngloGold”), whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.

True widths of the mineralized intervals are interpreted to be 60 to 90 percent of the reported lengths. For more information and for complete drill results visit the Trek website at www.trekmining.com and see the press release dated September 12, 2017.

BONTERRA EXTENDS MULTIPLE GOLD ZONES BY ADDITIONAL 300 METRES ALONG STRIKE AND DEPTH AT GLADIATOR GOLD DEPOSIT

Bonterra Resources Inc. (“Bonterra”) announced that the ongoing resource development program in and around the Gladiator Gold deposit in Quebec, Canada has further extended the Main, Footwall, and North Zones by increasing strike and depth by up to 300 metres to the known mineralized horizons. Continuity of mineralization is now confirmed over a drilled strike length on at least two horizons (Main and Footwall) of 1,200 metres, as well as to a depth of 1,000 metres. Recent drill highlights include:

BA-17-20: 3.0 metres of 10.4 g/t gold from 779.0 metres;
BA-17-23: 3.0 metres of 10.1 g/t gold from 541.5 metres;
BA-17-28: 3.5 metres of 5.3 g/t gold from 700.5 metres;
BA-17-30: 2.0 metres of 6.0 g/t gold from 630.0 metres;
BA-17-31: 8.3 metres of 5.1 g/t gold from 661.0 metres; and
BA-17-32: 4.0 metres of 5.6 g/t gold from 901.0 metres.
Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. For more information and for complete drill results visit the Bonterra website at www.bonterraresources.com and see the press release dated September 18, 2017.

Sandstorm holds a 1.0% NSR on the West Arena portion of the Gladiator Gold Deposit.



Qualified Person

Keith Laskowski (MSc), Sandstorm’s Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. He has reviewed and approved the technical information in this press release.

ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a gold royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 164 royalties, of which 20 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 U.S. SECURITYHOLDERS

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 International Accounting Standards Board, which differs from US generally accepted accounting principles (“US GAAP”) in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.

Information contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Sandstorm has been prepared in accordance with requirements and standards under securities laws, which differ from the requirements of US securities laws. The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” used in this or in the documents incorporated by reference herein are mining terms as defined in accordance with NI 43-101 under guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on 11 December 2005. While the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are recognized and required by securities laws other than the requirements of US securities laws, they are not recognized by the SEC. Disclosure of contained ounces are or may be permitted disclosure under regulations applicable to Sandstorm; however, the SEC normally only permits issuers to report resources as in place tonnage and grade without reference to unit of production measures. As such, certain information contained in this document or in the documents incorporated by reference herein concerning descriptions of mineralization and mineral resources under these standards may not be comparable to similar information made public by US companies subject to reporting and disclosure requirements of the SEC.



CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.

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 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 will operate in the future, including the price of gold 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, gold 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 Sandstorm 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 Sandstorm 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 Sandstorm will purchase gold 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, 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 Sandstorm’s annual report for the financial year ended December 31, 2016 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking

[KMST]

Tsodilo Resources Limited and Sandstorm Gold Ltd Enter Into Royalty Agreements

Toronto, Ontario (FSCwire) - Tsodilo Resources Limited (“Tsodilo” or the “Company”) (TSX-Venture Exchange: TSD) is pleased to announce that it has reached an agreement with Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT: SAND, TSX: SSL) to grant royalties on three projects in consideration of the payment of $1,500,000 USD.


The package of assets in the Royalty Sale includes:



the grant of a 1% NSR on the Company’s wholly owned Botswana subsidiary Gcwihaba Resources (Pty) Ltd. prospecting metal licenses in northwest Botswana;
the grant of a 1% GPR on the Company’s Botswana wholly owned subsidiary Bosoto (Pty) Ltd. precious stone prospecting license (PL217/2016) located in the Orapa Kimberlite Field; and,
the grant of a 1% NSR on the Company’s 70% owned South African subsidiary Idada 361 (Pty) Ltd. gold and silver prospecting license located in the Barberton Greenstone Belt in the Mpumalanga province of South Africa.



Sandstorm shall have a right of first refusal with respect to any third-party bona fide offers to purchase a metal or precious stone royalty on the properties.



Proceeds from the Royalty Sale will be used for exploration and general corporate purposes.



James M. Bruchs, Chairman and CEO of Tsodilo commented: “We are extremely pleased to have signed these agreements with Sandstorm. The agreements represent and attractive source of funding for Tsodilo allowing us to fund our exploration activities while still giving Tsodilo shareholders full upside exposure to our projects.”



About Sandstrom Gold Ltd: Sandstorm Gold Ltd. is a gold royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 163 streams and royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties.

[KMST]

SANDSTORM GOLD ANNOUNCES AMENDMENT TO BACHELOR LAKE GOLD STREAM

Vancouver, British Columbia | September 18, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has amended the Bachelor Lake gold stream with Metanor Resources Inc. (“Metanor”). Beginning October 1, 2017, Sandstorm will purchase 20% of the gold produced from the Bachelor Lake mine at an ongoing cost of $500 per ounce, until 12,000 ounces of gold have been purchased by the Company at which time the gold stream will convert into a 3.9% net smelter returns (“NSR”) royalty. Metanor has agreed to sell a minimum of 1,500 ounces of gold to Sandstorm on a quarterly basis until the 12,000 ounce threshold has been reached.

For consideration of the gold stream amendment, Sandstorm will also receive:

a 3.9% NSR royalty on Metanor’s Barry project; and
US$2.0 million in Metanor common shares. Based on the 20-day volume weighted average share price of Metanor on the TSX Venture Exchange the number of common shares to be issued will be 3.16 million.
Metanor may elect to reduce the 3.9% NSR royalty on the Bachelor Lake or Barry projects by making a US$2.0 million payment to Sandstorm in each case (the “Purchase Option”). Upon exercising either of the Purchase Options, the Sandstorm NSR royalty will decrease to 1.8%.

Sandstorm’s President & CEO Nolan Watson remarked, “During 2017, Metanor has undergone a major restructuring with goals to achieve sustainable production at Bachelor and to effectively develop their Barry project. As part of the restructuring process, new shareholders have come in, the company has been recapitalized and there have been changes at the management and board level. The gold stream amendment is another step in Metanor’s progression and I think the structure that we’ve agreed to makes sense for both companies.”

Watson continued, “From a Sandstorm perspective we maintain meaningful exposure to production from Bachelor while adding a royalty on the Barry project, an advanced exploration-stage asset located in the emerging Urban-Barry camp.”