SANDSTORM GOLD -- ehemals --Sandstorm Resources (Seite 22)
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Antwort auf Beitrag Nr.: 54.102.695 von trobs am 17.01.17 16:38:46Sandstorm holds a 2.0% net smelter returns (“NSR”) royalty on the Hot Maden project.
http://www.sandstormgold.com/news/2016/index.php?&content_id…
http://www.sandstormgold.com/news/2016/index.php?&content_id…
Mariana Resources Ltd : Hot Maden High Grade Gold-Copper Project- PEA Results with a Positive IRR of 153%
January 17, 2017
https://marianaresources2016feeds.q4web.com/news/press-relea…
January 17, 2017
https://marianaresources2016feeds.q4web.com/news/press-relea…
Kivalliq Announces $3 Million Financing Package; Sandstorm Makes Equity Investment and Payment for Royalty Portfolio
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq”) today announced a CDN$3 million financing package, comprised of a non-brokered private placement financing to raise gross proceeds of CDN$2.074 Million, and a CDN$1.0 Million payment from Sandstorm Gold Ltd. (“Sandstorm”), subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% net smelter returns (“NSR”) royalty payable on all mineral products produced from the Angilak Property uranium project in Nunavut Territory, Canada. Net proceeds will be used to fund exploration and property costs at Kivalliq’s projects in Canada, as well as for general corporate purposes.
Kivalliq will receive CDN$2,074,000 by issuing up to an aggregate of 25,925,000 units (“Units”), at the price of CAD$0.08 per Unit (the “Offering”). Each Unit consists of one common share and one-half of one transferrable, common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable into a common share of Kivalliq (a “Warrant Share”) for a period of 60 months from the Closing Date at an exercise price of $0.15 per Warrant Share. Sandstorm Gold Ltd. has subscribed to 16,250,000 Units for a total investment of C$1.3 million in this private placement.
Sandstorm Royalty Package
As part of the total financing package, Kivalliq will receive a CDN$1.0 Million payment from Sandstorm, subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% NSR royalty payable on all mineral products produced from the Angilak Property in Nunavut Territory, Canada.
With respect to Kivalliq’s Hatchet Lake Property, Kivalliq has transferred and assigned to Sandstorm Kivalliq’s buy back right (See Kivalliq news release of February 10, 2015). Upon Sandstorm’s exercise of this royalty buy back right, Kivalliq has agreed to grant to Sandstorm a 0.5% NSR royalty payable on all mineral products produced from the Hatchet Lake Property uranium project in Saskatchewan, Canada.
“This financing package puts Kivalliq in a strong position to start 2017, just as interest in our sector seems to be heating up,” stated Kivalliq CEO, Jim Paterson. “We welcome the Sandstorm team as new cornerstone investors and financial partners; adding to a shareholder registry that has continued to support us over the lifetime of the Company. We take great pride in knowing that a group with Sandstorm’s technical expertise, financial acumen, and excellent reputation in our industry has chosen to support Kivalliq Energy based upon the merits of our team and project portfolio.”
The securities issued by Kivalliq in connection with the Offering are subject to a four month “hold period” expiring on May 17, 2017 as prescribed by the Exchange and applicable securities laws. Finders’ fees of $124,440 cash and 1,555,550 warrants will be paid in connection with the Financing.
The Offering is being made pursuant to prospectus exemptions in all provinces of Canada and in other jurisdictions as may be determined by Kivalliq. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq”) today announced a CDN$3 million financing package, comprised of a non-brokered private placement financing to raise gross proceeds of CDN$2.074 Million, and a CDN$1.0 Million payment from Sandstorm Gold Ltd. (“Sandstorm”), subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% net smelter returns (“NSR”) royalty payable on all mineral products produced from the Angilak Property uranium project in Nunavut Territory, Canada. Net proceeds will be used to fund exploration and property costs at Kivalliq’s projects in Canada, as well as for general corporate purposes.
Kivalliq will receive CDN$2,074,000 by issuing up to an aggregate of 25,925,000 units (“Units”), at the price of CAD$0.08 per Unit (the “Offering”). Each Unit consists of one common share and one-half of one transferrable, common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable into a common share of Kivalliq (a “Warrant Share”) for a period of 60 months from the Closing Date at an exercise price of $0.15 per Warrant Share. Sandstorm Gold Ltd. has subscribed to 16,250,000 Units for a total investment of C$1.3 million in this private placement.
Sandstorm Royalty Package
As part of the total financing package, Kivalliq will receive a CDN$1.0 Million payment from Sandstorm, subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% NSR royalty payable on all mineral products produced from the Angilak Property in Nunavut Territory, Canada.
With respect to Kivalliq’s Hatchet Lake Property, Kivalliq has transferred and assigned to Sandstorm Kivalliq’s buy back right (See Kivalliq news release of February 10, 2015). Upon Sandstorm’s exercise of this royalty buy back right, Kivalliq has agreed to grant to Sandstorm a 0.5% NSR royalty payable on all mineral products produced from the Hatchet Lake Property uranium project in Saskatchewan, Canada.
“This financing package puts Kivalliq in a strong position to start 2017, just as interest in our sector seems to be heating up,” stated Kivalliq CEO, Jim Paterson. “We welcome the Sandstorm team as new cornerstone investors and financial partners; adding to a shareholder registry that has continued to support us over the lifetime of the Company. We take great pride in knowing that a group with Sandstorm’s technical expertise, financial acumen, and excellent reputation in our industry has chosen to support Kivalliq Energy based upon the merits of our team and project portfolio.”
The securities issued by Kivalliq in connection with the Offering are subject to a four month “hold period” expiring on May 17, 2017 as prescribed by the Exchange and applicable securities laws. Finders’ fees of $124,440 cash and 1,555,550 warrants will be paid in connection with the Financing.
The Offering is being made pursuant to prospectus exemptions in all provinces of Canada and in other jurisdictions as may be determined by Kivalliq. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Sandstorm Gold: Off To A Great Start In 2017
Jan. 13, 2017
Summary
Sandstorm Gold recently gave an update on its share buyback program and exploration and development updates on several of its assets.
Sandstorm also recently announced record gold production for Q4 2016 and full-year 2016.
I break down the recent news and what investors should expect going forward.
Sandstorm Gold (NYSEMKT:SAND) didn't make my list of the top gold stocks to own for 2017, but the stock is still a core holding of mine and off to a great start this year. For those unfamiliar, Sandstorm owns a portfolio of 133 streams and royalties, of which 21 of the underlying mines are producing.
On Dec. 28, Sandstorm provided several positive updates, from its share buyback program (also called a normal course issuer bid) to exploration and development progress on its assets. Here, I'll discuss these updates.
I was a bit surprised (and happy) to learn that Sandstorm's management team used the dip in its stock price to buyback shares in Q4. Since Dec. 15 of last year, Sandstorm says it has bought back 545,977 common shares at a price of C$4.56, an investment totaling $2.48 million. This was really great timing, as Sandstorm's stock now trades at C$5.76 on the TSX, well above what Sandstorm paid in the buyback. When share buybacks are done at the right price, they can drive shareholder returns.
Then, Sandstorm gave some positive updates on its assets. There were a lot of updates given, so I'll focus mainly on what I feel are most important. First, Sandstorm's partner Mariana Resources (OTCPK:MRLDF) released diamond drilling results at the Hot Maden project in Turkey, in which Sandstorm owns a 2% royalty. The results were outstanding, with highlights including gold grades as high as 526 g/t (over 7 meters), and other drills returning porphyry-style copper-gold mineralization, including 69.6 meters of 62.7 g/t gold and 2.68% copper and 90 meters of 22.6 g/t gold and 4.39% copper. Mariana is planning a preliminary economic assessment very soon and also plans on beginning drilling at Ergama copper-gold project in Western Turkey, in which Sandstorm also owns a 2% royalty. Investors should keep a close eye out for future news from Mariana, as this royalty could become one of Sandstorm's most important assets.
The other main update from this news release was Primero Mining's (NYSE:PPP) exploration update on the Black Fox deep central zone. Sandstorm owns an 8% gold stream on Black Fox and this is one of the company's largest assets in terms of production and revenue. The recent drills returned positive results, which included 87.3 g/t gold over 1.4 meters and 28.1 g/t gold over 2.7 meters. Increasing resources and extending the life of mine at Black Fox would be bullish news for Sandstorm investors.
Primero Mining has its fair share of issues and I previously called the company one of five gold miners to avoid. Following recent heavy insider buying at the company and these positive drill results, I have a slightly more positive view of the stock, but I still think investors are better off buying Sandstorm instead. Primero looks to be in stable condition right now, but I think investors need to keep a close eye on the company going forward.
On Jan. 11, Sandstorm followed up this news release with even better news when it announced that it sold over 13,200 attributable gold equivalent ounces during Q4 2016, bringing its full year total to over 49,500 ounces. These are both production records for the company, with production generated from 21 streams and royalties; Sandstorm also added that 70% of the ounces came from operations run by major and mid-tier mining companies as Sandstorm continues to diversify away from higher-risk junior mining companies.
In conclusion, I think Sandstorm Gold is off to a great start this year as it announced positive news from its partners and also announced the great timing of its share buyback program. As mentioned in my last article on Sandstorm, I'd like to see the company get a bit more active on the acquisition front in 2017 in order to continue growing and diversifying its gold production - I'd like to see Sandstorm spend at least $60 million, or 10% of its current market cap, on new deals in 2017. I'm a buyer of shares here.
http://seekingalpha.com/article/4036559-sandstorm-gold-great…
Jan. 13, 2017
Summary
Sandstorm Gold recently gave an update on its share buyback program and exploration and development updates on several of its assets.
Sandstorm also recently announced record gold production for Q4 2016 and full-year 2016.
I break down the recent news and what investors should expect going forward.
Sandstorm Gold (NYSEMKT:SAND) didn't make my list of the top gold stocks to own for 2017, but the stock is still a core holding of mine and off to a great start this year. For those unfamiliar, Sandstorm owns a portfolio of 133 streams and royalties, of which 21 of the underlying mines are producing.
On Dec. 28, Sandstorm provided several positive updates, from its share buyback program (also called a normal course issuer bid) to exploration and development progress on its assets. Here, I'll discuss these updates.
I was a bit surprised (and happy) to learn that Sandstorm's management team used the dip in its stock price to buyback shares in Q4. Since Dec. 15 of last year, Sandstorm says it has bought back 545,977 common shares at a price of C$4.56, an investment totaling $2.48 million. This was really great timing, as Sandstorm's stock now trades at C$5.76 on the TSX, well above what Sandstorm paid in the buyback. When share buybacks are done at the right price, they can drive shareholder returns.
Then, Sandstorm gave some positive updates on its assets. There were a lot of updates given, so I'll focus mainly on what I feel are most important. First, Sandstorm's partner Mariana Resources (OTCPK:MRLDF) released diamond drilling results at the Hot Maden project in Turkey, in which Sandstorm owns a 2% royalty. The results were outstanding, with highlights including gold grades as high as 526 g/t (over 7 meters), and other drills returning porphyry-style copper-gold mineralization, including 69.6 meters of 62.7 g/t gold and 2.68% copper and 90 meters of 22.6 g/t gold and 4.39% copper. Mariana is planning a preliminary economic assessment very soon and also plans on beginning drilling at Ergama copper-gold project in Western Turkey, in which Sandstorm also owns a 2% royalty. Investors should keep a close eye out for future news from Mariana, as this royalty could become one of Sandstorm's most important assets.
The other main update from this news release was Primero Mining's (NYSE:PPP) exploration update on the Black Fox deep central zone. Sandstorm owns an 8% gold stream on Black Fox and this is one of the company's largest assets in terms of production and revenue. The recent drills returned positive results, which included 87.3 g/t gold over 1.4 meters and 28.1 g/t gold over 2.7 meters. Increasing resources and extending the life of mine at Black Fox would be bullish news for Sandstorm investors.
Primero Mining has its fair share of issues and I previously called the company one of five gold miners to avoid. Following recent heavy insider buying at the company and these positive drill results, I have a slightly more positive view of the stock, but I still think investors are better off buying Sandstorm instead. Primero looks to be in stable condition right now, but I think investors need to keep a close eye on the company going forward.
On Jan. 11, Sandstorm followed up this news release with even better news when it announced that it sold over 13,200 attributable gold equivalent ounces during Q4 2016, bringing its full year total to over 49,500 ounces. These are both production records for the company, with production generated from 21 streams and royalties; Sandstorm also added that 70% of the ounces came from operations run by major and mid-tier mining companies as Sandstorm continues to diversify away from higher-risk junior mining companies.
In conclusion, I think Sandstorm Gold is off to a great start this year as it announced positive news from its partners and also announced the great timing of its share buyback program. As mentioned in my last article on Sandstorm, I'd like to see the company get a bit more active on the acquisition front in 2017 in order to continue growing and diversifying its gold production - I'd like to see Sandstorm spend at least $60 million, or 10% of its current market cap, on new deals in 2017. I'm a buyer of shares here.
http://seekingalpha.com/article/4036559-sandstorm-gold-great…
Sandstorm Gold Announces Record Gold Production in Q4/FY 2016
Wed January 11, 2017 8:00 AM|PR Newswire|About: SAND
VANCOUVER, Jan. 11, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold over 13,200 attributable gold equivalent ounces1 during the fourth quarter of 2016 and over 49,500 gold equivalent ounces for the full 2016 year. Both the fourth quarter and annual production results are records for the Company. The attributable gold equivalent ounces were generated from 21 streams and royalties, with over 70% of the ounces coming from operations run by major and mid-tier mining companies.
Wed January 11, 2017 8:00 AM|PR Newswire|About: SAND
VANCOUVER, Jan. 11, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold over 13,200 attributable gold equivalent ounces1 during the fourth quarter of 2016 and over 49,500 gold equivalent ounces for the full 2016 year. Both the fourth quarter and annual production results are records for the Company. The attributable gold equivalent ounces were generated from 21 streams and royalties, with over 70% of the ounces coming from operations run by major and mid-tier mining companies.
Trading Spotlight
Sandstorm Gold Provides Updates on Normal Course Issuer Bid and Projects
Wed December 28, 2016 9:21 AM|PR Newswire|About: SAND
VANCOUVER, Dec. 28, 2016 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to provide an update regarding activity under its normal course issuer bid ("NCIB") as well as exploration and development progress at a number of assets underlying the Company's streams and royalties.
NORMAL COURSE ISSUER BID
Sandstorm previously announced a NCIB (see press release dated March 30, 2016), providing the Company with the option to purchase its common shares when management believes that the common shares are undervalued by the market. The fourth quarter of 2016 has seen significant declines in the price of gold, impacting Sandstorm's share price and market valuation. As a result, the Company has recently purchased some of its common shares. Since December 15, 2016, the Company has purchased 545,977 common shares at a weighted average price of C$4.56 per common share.
Under the NCIB rules of the Toronto Stock Exchange, daily purchases cannot exceed 49,211 common shares subject to the Company's ability to make block purchases.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ANFIELD PROVIDES PROGRESS UPDATE ON THE CORINGA PROJECT
Since completing the acquisition of Magellan Minerals Ltd. (MAGNF), Anfield Gold Corp. ("Anfield") has made substantial progress at the Coringa gold project in Para State, Brazil ("Coringa") and is targeting production in late 2017.
The development work required to advance the project includes a 20,000-metre infill drilling program, engineering work to complete a NI 43-101 feasibility study incorporating the Andorinhas plant, disassembly, relocation and reassembly of the Andorinhas plant to the Coringa site and permitting.
Anfield has completed 11,281 metres of a 20,000-metre infill drilling program and 1,000 drill samples have been sent for assay. The results of the infill drilling program will be used to update the feasibility study resource model, mine design and schedule. Feasibility level design of the Coringa CIL plant incorporating the Andorinhas CIP plant is complete and the balance of geology, engineering, environmental and social studies supporting the feasibility study are ongoing. The study is expected to be completed in the second quarter of 2017. Final engineering design to support the Coringa plant construction has been initiated.
Anfield has assembled a Brazil-based operating team and several key management members and operations staff previously operated the Andorinhas plant. Over 75% of the Andorinhas plant and mining equipment has been disassembled and shipped to the Coringa site and reassembly of the plant will begin once detailed engineering is complete and the required permits are obtained.
Permitting efforts are ongoing to obtain the mining concession license and related operating licenses for the Coringa project. These will allow for the planned full scale production rate of 750 tonnes of mineralized material per day. Full scale production permitting will be a primary focus of the company in 2017.
For more information visit the Anfield website at www.anfieldgold.com and see the press release dated November 3, 2016.
Sandstorm holds a 2.5% net smelter returns ("NSR") royalty on the Coringa project.
MARIANA REPORTS FURTHER HIGH GRADE INTERCEPTS FROM INFILL AND EXTENSION DRILLING AT HOT MADEN, BEGINS DRILLING AT ERGAMA
Mariana Resources Limited ("Mariana") continues to report high grade gold-copper intercepts from ongoing diamond drilling at the Hot Maden project in north east Turkey ("Hot Maden"), confirming the internal continuity of gold-copper mineralisation within the Main Zone resource area.
The recent infill drilling forms part of a program designed to reduce drill hole spacings to 25 metres by 25 metres and to provide both detailed geotechnical data and metallurgical samples for mine development studies. Highlights from the drill results include:
HTD-71: 69.6 metres @ 62.7 grams per tonne ("g/t") gold and 2.68% copper from 210 metres downhole including:
7 metres @ 526 g/t gold and 3.28% copper (210m – 217 m)
14 metres @ 27.7 g/t gold and 3.38% copper (217m – 231 m)
48.6 metres @ 1.7 g/t gold and 2.39% copper (231m – 279.6 m)
HTD-70: 63 metres @ 8.3 g/t gold and 1.65% copper from 218 metres downhole including:
5 metres @ 35.6 g/t gold and 1.46% copper from 225 metres downhole.
HTD-72: 34.5 metres @ 19.4 g/t gold and 1.31% copper from 180.5 metres downhole including:
3.0 metres @ 54.4 g/t gold and 1.30% copper from 192 metres downhole.
HTD-82: 31 metres @ 17.0 g/t gold and 1.70% copper from 266 metres downhole and 37.5 metres @ 2.1 g/t gold and 1.49% copper from 317 metres downhole.
HTD-78: 79.0 metres @ 14.3 g/t gold and 1.59% copper from 294 metres downhole including:
18.0 metres @ 55.1 g/t gold and 1.58% copper from 296 metres downhole.
HTD-77: 90 metres @ 22.6 g/t gold and 4.39% copper from 96 metres downhole including:
11 metres @ 30.9 g/t gold and 6.30% copper from 99 metres downhole.
HTD-75: 62 metres @ 11.7 g/t gold and 1.43% copper from 276 metres downhole including:
2.0 metres @ 250 g/t gold and 6.50% copper from 282 metres downhole; and
44.0 metres @ 1.05 g/t gold and 1.46% copper from 334 metres downhole.
The potential for the discovery of a deep (>250 metres), possibly fault offset block of Main Zone-type mineralisation beneath the "Ridge" area (southern limit of the Main Zone resource) has increased with the successful intersection of high grade gold and copper mineralisation at depth in three holes. Assay results include:
HTD-69: 7 metres @ 19.7 g/t gold and 2.1% copper from 351 metres downhole.
HTD-76: 33 metres @ 1.4 g/t gold and 0.99% copper from 357 metres downhole, and 11 metres @ 6.1 g/t gold and 0.97% copper from 443 metres downhole.
HTD-80: 4.5 metres @ 16.3 g/t gold and 1.90% copper from 177.5 metres downhole and 5.0 metres @ 8.4 g/t gold and 1.30% copper from 194.0 metres downhole.
The Hot Maden Preliminary Economic Assessment is in the process of being finalized with an anticipated completion date expected early in the New Year.
In addition to its exploration work at Hot Maden, Mariana recently announced that it has commenced an initial 7-hole diamond drill program at the Ergama copper-gold project in western Turkey ("Ergama"). The drilling is expected to be completed in early January 2017 with assay results expected before the end of the first quarter of 2017. The main targets to be tested include near-surface, porphyry-style copper-gold mineralisation within the central portion of the Ergama claim block, in addition to peripheral high grade vein/fault hosted gold-silver mineralisation.
For more information and complete drill results and Mineral Resource details visit the Mariana Resources website at www.marianaresources.com and see the press release dated October 26, 2016, November 29, 2016 and December 20, 2016.
Sandstorm holds a 2.0% NSR royalty on the Hot Maden and Ergama projects.
ERDENE CONTINUES TO EXPAND HIGH-GRADE ZONES AT BAYAN KHUNDII, RELEASES DRILL RESULTS AT ALTAN NAR
Erdene Resource Development Corp. ("Erdene") has released a number of drill results from its Q3/Q4 2016 drill campaign at the Bayan Khundii gold project in southwest Mongolia ("Bayan Khundii"). Gold mineralization at Bayan Khundii has been identified over a 1.7 kilometre trend, with detailed exploration taking place over a 500 metre by 350 metre zone in the southwest portion of the prospect area, where Erdene's drill programs have focused. Results include several high-grade intersections within a series of parallel structures.
As of November 28, 2016, 87 diamond drill holes totaling 9,784 metres had been drilled at Bayan Khundii and the most recent results released in November (BKD-62 to BKD-87) continued to expand the boundaries of gold mineralization, with several high-grade gold intersections over wide intervals. Multiple gold-bearing structures are now being defined at Bayan Khundii, including Striker Zone, the most extensively explored zone.
Deep Striker
Drilling along the southern boundary of the Striker Zone, targeting extensions at depth, returned the highest grade gold intercept reported to date with 65 metres of 6.3 g/t gold (71m-136m) including 37 metres of 11 g/t gold (76m-113m, BKD-77).
Striker North
As part of Erdene's Striker Zone expansion program, drilling has further defined a new gold zone north of Striker with 6 metres of 9.0 g/t gold (54m-60m, BKD-63) and 19 metres of 1.6 g/t gold (25m-40m, BKD-65). The latest three holes testing the northern extension ended in gold mineralization and included 18 metres of 7.1 g/t gold (BKD-86).
Striker Main
The Striker Main drilling continues to provide impressive intersections with good continuity and high grades over broad intervals including 56 metres of 2.1 g/t gold (44m-100m, BKD-74), including 3 metres of 22.7 g/t gold (68m-71m); 71 metres of 1.1 g/t gold (29m-100,BKD-73) and 21 metres of 8.3 g/t gold (61m-82m), within 36.7 metres of 5.0 g/t gold (46m-82.7m, BKD-84).
Step-Out Drilling
On November 25, 2016, Erdene mobilized a drill rig to test a target area approximately 200 metres north of the Striker Zone, surrounding the successful step-out hole BKD-60 which intercepted 123m @ 1.23 g/t gold (20m-143m). Results from a series of drill holes in this area are anticipated to be reported early in Q1-2017.
A summary of the drill results for holes BKD-01 to BKD-60 can be found in table 1 below.
Results Summary for Holes BKD-01 to BKD-60
Altan Nar
In addition to the exploration program at Bayan Khundii, Erdene recently tested a target at the Altan Nar gold-polymetallic project, 19 kilometres to the northwest of Bayan Khundii. Hole TND-101 intersected 110 metres of 9.3 g/t gold, 32 g/t silver and 1.4% combined lead-zinc (32m-142m) including 14 metres of 55.6 g/t gold, 131 g/t silver and 5.65% combined lead-zinc (96m-110m), and 5 metres of 24.8 g/t gold, 49.8 g/t silver and 3.48% combined lead-zinc (73m-78m).
Altan Nar is considered to be a carbonate-base metals gold deposit, a style of deposit that includes the most prolific gold producers in the southwest Pacific rim and includes well-known deposits such as Porgera (Papua New Guinea) and Kelian (Indonesia).
For more information and complete drill results visit the Erdene website at www.erdene.com and see the press releases dated November 17, 2016, November 28, 2016, and December 19, 2016.
Sandstorm holds a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar projects. The Company also owns 5 million shares of Erdene, at an average cost of $0.20.
OSISKO INCREASES DRILL PROGRAM AT WINDFALL BY 250,000 METRES
Osisko Mining Inc. ("Osisko") has announced that it is increasing the scale on the ongoing drill program at the Windfall Lake gold project located in Québec, Canada. Since late October 2015, Osisko has drilled approximately 115,000 metres as part of an originally announced 50,000 metre program (expanded twice to the current 150,000 metre drilling campaign) on the Windfall Lake gold deposit and surrounding exploration targets. Exploration success in the initial 150,000 metre program has included:
an upgraded geological interpretation of the Windfall deposit which is leading to a significantly expanded and still growing footprint for the previously known area of mineralization;
the discovery of several significant new zones of mineralization including Wolf Zone and the recently announced new shallow high-grade zone known as the Lynx Zone, discovered on the 600 metre extension fence);
the recently announced 600 metre NE extension of the main corridors of mineralization (Caribou, Zone 27, Wolf and Underdog); and
two new discoveries in the surrounding area (Fox and Black Dog).
Recently reported drill results include:
Fox
27.6 g/t gold over 3.1 metres (406.0m-409.1m, DDH OSK-U-16-734);
8.04 g/t gold over 3 metres (65.5m-68.5m, DDH OSK-U-16-732); and
6.78 g/t gold over 2.0 metres (DDH OSK-U-16-731) (229.0m-229.8m).
Windfall Extension
65.0 g/t gold over 5.7 metres (226.3m-232.0m, DDH OSK-W-16-760) including;
76 g/t gold over 3.5 metres (226.3m-229.8m); and
100 g/t gold over 0.8 metres (229.0m-229.8m).
Underdog
34.4 g/t gold over 5.7 metres uncut (260m-265.7m, DDH OSK-W-16-720);
13.8 g/t gold over 6.6 metres (1135.5m-1142.1m, DDH OSK-W-16-708-W2);
7.57 g/t gold over 7.70 metres (944.8m-952.5m, DDH OSK-W-16-706-W3);
11.8 g/t gold over 4.6 metres (539.2m-543.8m, DDH OSK-W-16-309-W3);
25.1 g/t gold over 2.0 metres and 15.5 g/t gold over 2.9 metres (797m-799m, DDH OSK-W-16-704-W1); and
13.0 g/t gold over 2.0 metres (918.8m-921.0m, DDH OSK-W-16-311-W2).
The new 250,000 metres of drilling will assist Osisko in further exploring and defining the known mineralization within the main deposit area and the recently discovered NE extension area. Osisko's objective is to maximize the level of information to be included in an anticipated initial 2017 resource update.
For more information and complete drill results visit the Osisko website at www.osiskomining.com and see press releases dated October 12, 2016, October 25, 2016, November 23, 2016, December 5, 2016, December 19, 2016.
Sandstorm holds a 0.5% and a 1% NSR royalty on portions of the Windfall Lake property.
ENTRÉE GOLD DISCUSSES TURQUOISE HILL RELEASE OF OYU TOLGOI EXPANSION PEA
Entrée Gold Inc. ("Entrée") announced the filing of an updated technical report ("2016 OTTR") relating to the Oyu Tolgoi copper-gold project in Mongolia. Turquoise Hill Resources Ltd. ("Turquoise Hill") filed the report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
In addition to updating the Reserve Case on the open pit and Hugo North (including Hugo North Extension) Lift 1 block cave, 2016 OTTR includes Preliminary Economic Assessments of potential later phases of the Oyu Tolgoi deposits utilizing four Alternative Production Cases. Two of these deposits, Hugo North (including Hugo North Extension) Lift 2 and Heruga include Entrée/Oyu Tolgoi LLC joint venture resources. The Alternative Production Cases take advantage of productivity improvements in plant throughput that have begun to be recognized in the process plant and evaluate plant capacity expansions as high as 120 million tonnes per annum. Variations in operating and capital costs are also evaluated.
Sandstorm has a stream agreement to purchase 5.62% of the gold, 4.26% of the silver and 0.42% of the copper from the Oyu Tolgoi project deposits - the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. These deposits are the northern-most and southern-most, respectively, in the 12 kilometre-long Oyu Tolgoi series of deposits. The resources at Hugo North Extension include a Probable reserve, which is included in Lift 1 of the underground mine development.
On November 3, 2016, Turquoise Hill announced that work had begun for Shaft 5 sinking and the convey-to-surface box cut excavation, while construction of critical on-site facilities continued. Oyu Tolgoi recently signed an additional underground mining and support services contract with Dayan Contract Mining for the sinking of Shafts 2 and 5. At the end of the third quarter 2016, the underground workforce was approximately 1,600 people and was expected to reach 2,400 people by the end of 2016.
For more information visit the Entrée Gold website at www.entreegold.com and see the press release dated October 24, 2016. The Turquoise Hill technical report, titled "2016 Oyu Tolgoi Technical Report", with an effective date of October 14, 2016, is available on SEDAR at www.sedar.com under Turquoise Hill's profile.
KIRKLAND LAKE GOLD REPORTS ADDITIONAL HIGH GRADE INTERCEPTS AND IDENTIFIES NEW MINERALIZATION AT MACASSA FROM UNDERGROUND DRILLING ON THE SOUTH MINE COMPLEX
Kirkland Lake Gold Inc. ("Kirkland Lake Gold") reported new high grade drill intercepts from underground exploration drilling on the South Mine Complex ("SMC") at the Macassa Mine Complex, in Kirkland Lake, Ontario.
The drilling program infilled gaps in drill hole coverage between inferred resource blocks and identified new mineralization associated with the easterly strike extension of the SMC within the HM Claim, located approximately 610 metres southeast of the #2 shaft at the Macassa Mine Complex. Underground drilling highlights include:
651.8 g/t gold (93.6 g/t cut) over 3.8 metres, including 2,846.1 g/t gold over 0.5 metres, in hole 53-2921;
40.1 g/t gold over 3.0 metres in hole 53-2967;
97.7 g/t gold (70.2 g/t cut) over 1.6 metres, including 263.3 g/t gold over 0.3 metres, in hole 53-3065;
102.5 g/t gold (26.7 g/t cut) over 3.2 metres, including 923.3 g/t gold over 0.3 metres, in hole 53-3098; and
100.5 g/t gold (68.6 g/t cut) over 1.6 metres, including 261.6 g/t gold over 0.3 metres, in hole 53-3099.
All intercepts are core lengths. High grade assays are cut to 246.9 g/t or 120.0 g/t depending on the zone.
The drill program concentrated on both infilling gaps in drill hole coverage and also expanding the SMC further to the east within the HM Claim by testing a zone which was initially identified by drill hole 53-2414.
Kirkland Lake Gold has since completed 24 additional drill holes which has expanded and better defined this zone of mineralization. Based on the additional drilling, the zone has been defined over a strike length of 130 metres and is open up dip and is currently being tested with additional step out drilling.
For more information and for complete drill results visit the Kirkland Lake Gold website at www.klgold.com and see the press release dated November 7, 2016. Sandstorm holds a 2.0% NSR royalty on the HM Claim.
PRIMERO PROVIDES EXPLORATION UPDATE ON BLACK FOX DEEP CENTRAL ZONE
Primero Mining Corp. ("Primero") announced the results of successful exploration at the Black Fox mine located near Timmins, Ontario, Canada. The discovery, delineation and recent commencement of production from the Deep Central Zone at Black Fox is an important milestone for the mine. Initial production mining of the Deep Central Zone has returned positive results with grades and tonnes reconciling well with the production block model. First long-hole production blasting occurred in early-September, and is expected to continue to ramp-up from this area.
Three underground diamond drill rigs have been active on the 520 level exploration drift, targeting mineralization located down-plunge and to the west of the Deep Central Zone. Results have reconfirmed the high-grade tenure of the Deep Central Zone with drill hole 520-EX346-06 intercepting 27.9 g/t gold over 5.8 metres (from 355.6m-361.4m) at approximately 800 metres depth and more recent drilling returning significant gold grades including 34.4 g/t gold over 1.0 metre (402m-403m, 520-EX346-09) below the Deep Central Zone at approximately 900 metres depth. Deep drilling efforts are ongoing and are expected to be released by Primero in due course.
After successfully expanding and delineating the Black Fox Deep Central Zone, Primero has shifted focus to other priority target areas located to the west and at depth. Recent exploration of the west targets has returned positive results with significant gold grades including 87.3 g/t gold over 1.4 metres (505.9m-507.3m, 520-EX290-02), 9.5 g/t gold over 1.0 metres (368.5m-369.5m, 520-EX286-07), 28.1 g/t gold over 2.7 metres (376m-378.7m, 520-EX286-05), 4.6 g/t gold over 5.4 metres (454m-459.4m, 520-EX286-01) and 9.1 g/t gold over 1.2 metres (497.2m-498.4m, 520-EX286-02). Drill hole 520-EX286-05 was drilled to test an extension of the W1 High Quartz target, which remains open at depth. Holes 520-EX286-01 and -02 have identified the W5 Far West target which requires further infill exploration and remains open at depth. In addition, two surface drill rigs have been testing for other areas of Froome-like mineralization.
For more information, visit the Primero website at www.primeromining.com and see the press release dated September 19, 2016 and November 9, 2016.
Sandstorm has a gold stream agreement to purchase 8% of the life of mine gold produced from Black Fox for a per ounce cash payment equal US$524 per ounce.
YAMANA GOLD PROVIDES EXPLORATION UPDATE AT GUALCAMAYO
Yamana Gold Inc. ("Yamana") issued an update on the exploration programs at its Gualcamayo mine in Argentina ("Gualcamayo"). Yamana has completed a total of 2,457 metres distributed in 12 holes since September, testing the near-surface oxide deposits called Potenciales and Las Vacas. Several of the holes, including 16QD-975 drilled at Potenciales, have discovered important mineral intercepts that begin near the surface and continue to depth. The results continue to suggest the potential for the expansion of the Mineral Resource base immediately adjacent to the southwest and northeast of the QDD open pit. Construction of road access to further test and expand these oxide deposits surrounding the QDD main pit is in the planning stage and will begin early in the first quarter of 2017.
Recent drill results from holes completed at Cerro Condor and Potenciales (August 24, 2016 to September 26, 2016.), including all holes completed at these targets with results above a 0.5 g/t gold result are reported below:
Several of these intersections, in particular 16QD975, are at the pit wall and are sufficient in width and grade to suggest potential positive contributions to increases in Mineral Resources and Mineral Reserves at grades that exceed the current in pit grades. These new discoveries show large, untested potential exists at the surface or near surface well beyond the known extents of the current mineral inventory.
For more information, visit the Yamana website at www.yamana.com and see the press release dated October 27, 2016.
Sandstorm holds a 1.0% NSR royalty on the Gualcamayo mine.
Wed December 28, 2016 9:21 AM|PR Newswire|About: SAND
VANCOUVER, Dec. 28, 2016 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to provide an update regarding activity under its normal course issuer bid ("NCIB") as well as exploration and development progress at a number of assets underlying the Company's streams and royalties.
NORMAL COURSE ISSUER BID
Sandstorm previously announced a NCIB (see press release dated March 30, 2016), providing the Company with the option to purchase its common shares when management believes that the common shares are undervalued by the market. The fourth quarter of 2016 has seen significant declines in the price of gold, impacting Sandstorm's share price and market valuation. As a result, the Company has recently purchased some of its common shares. Since December 15, 2016, the Company has purchased 545,977 common shares at a weighted average price of C$4.56 per common share.
Under the NCIB rules of the Toronto Stock Exchange, daily purchases cannot exceed 49,211 common shares subject to the Company's ability to make block purchases.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ANFIELD PROVIDES PROGRESS UPDATE ON THE CORINGA PROJECT
Since completing the acquisition of Magellan Minerals Ltd. (MAGNF), Anfield Gold Corp. ("Anfield") has made substantial progress at the Coringa gold project in Para State, Brazil ("Coringa") and is targeting production in late 2017.
The development work required to advance the project includes a 20,000-metre infill drilling program, engineering work to complete a NI 43-101 feasibility study incorporating the Andorinhas plant, disassembly, relocation and reassembly of the Andorinhas plant to the Coringa site and permitting.
Anfield has completed 11,281 metres of a 20,000-metre infill drilling program and 1,000 drill samples have been sent for assay. The results of the infill drilling program will be used to update the feasibility study resource model, mine design and schedule. Feasibility level design of the Coringa CIL plant incorporating the Andorinhas CIP plant is complete and the balance of geology, engineering, environmental and social studies supporting the feasibility study are ongoing. The study is expected to be completed in the second quarter of 2017. Final engineering design to support the Coringa plant construction has been initiated.
Anfield has assembled a Brazil-based operating team and several key management members and operations staff previously operated the Andorinhas plant. Over 75% of the Andorinhas plant and mining equipment has been disassembled and shipped to the Coringa site and reassembly of the plant will begin once detailed engineering is complete and the required permits are obtained.
Permitting efforts are ongoing to obtain the mining concession license and related operating licenses for the Coringa project. These will allow for the planned full scale production rate of 750 tonnes of mineralized material per day. Full scale production permitting will be a primary focus of the company in 2017.
For more information visit the Anfield website at www.anfieldgold.com and see the press release dated November 3, 2016.
Sandstorm holds a 2.5% net smelter returns ("NSR") royalty on the Coringa project.
MARIANA REPORTS FURTHER HIGH GRADE INTERCEPTS FROM INFILL AND EXTENSION DRILLING AT HOT MADEN, BEGINS DRILLING AT ERGAMA
Mariana Resources Limited ("Mariana") continues to report high grade gold-copper intercepts from ongoing diamond drilling at the Hot Maden project in north east Turkey ("Hot Maden"), confirming the internal continuity of gold-copper mineralisation within the Main Zone resource area.
The recent infill drilling forms part of a program designed to reduce drill hole spacings to 25 metres by 25 metres and to provide both detailed geotechnical data and metallurgical samples for mine development studies. Highlights from the drill results include:
HTD-71: 69.6 metres @ 62.7 grams per tonne ("g/t") gold and 2.68% copper from 210 metres downhole including:
7 metres @ 526 g/t gold and 3.28% copper (210m – 217 m)
14 metres @ 27.7 g/t gold and 3.38% copper (217m – 231 m)
48.6 metres @ 1.7 g/t gold and 2.39% copper (231m – 279.6 m)
HTD-70: 63 metres @ 8.3 g/t gold and 1.65% copper from 218 metres downhole including:
5 metres @ 35.6 g/t gold and 1.46% copper from 225 metres downhole.
HTD-72: 34.5 metres @ 19.4 g/t gold and 1.31% copper from 180.5 metres downhole including:
3.0 metres @ 54.4 g/t gold and 1.30% copper from 192 metres downhole.
HTD-82: 31 metres @ 17.0 g/t gold and 1.70% copper from 266 metres downhole and 37.5 metres @ 2.1 g/t gold and 1.49% copper from 317 metres downhole.
HTD-78: 79.0 metres @ 14.3 g/t gold and 1.59% copper from 294 metres downhole including:
18.0 metres @ 55.1 g/t gold and 1.58% copper from 296 metres downhole.
HTD-77: 90 metres @ 22.6 g/t gold and 4.39% copper from 96 metres downhole including:
11 metres @ 30.9 g/t gold and 6.30% copper from 99 metres downhole.
HTD-75: 62 metres @ 11.7 g/t gold and 1.43% copper from 276 metres downhole including:
2.0 metres @ 250 g/t gold and 6.50% copper from 282 metres downhole; and
44.0 metres @ 1.05 g/t gold and 1.46% copper from 334 metres downhole.
The potential for the discovery of a deep (>250 metres), possibly fault offset block of Main Zone-type mineralisation beneath the "Ridge" area (southern limit of the Main Zone resource) has increased with the successful intersection of high grade gold and copper mineralisation at depth in three holes. Assay results include:
HTD-69: 7 metres @ 19.7 g/t gold and 2.1% copper from 351 metres downhole.
HTD-76: 33 metres @ 1.4 g/t gold and 0.99% copper from 357 metres downhole, and 11 metres @ 6.1 g/t gold and 0.97% copper from 443 metres downhole.
HTD-80: 4.5 metres @ 16.3 g/t gold and 1.90% copper from 177.5 metres downhole and 5.0 metres @ 8.4 g/t gold and 1.30% copper from 194.0 metres downhole.
The Hot Maden Preliminary Economic Assessment is in the process of being finalized with an anticipated completion date expected early in the New Year.
In addition to its exploration work at Hot Maden, Mariana recently announced that it has commenced an initial 7-hole diamond drill program at the Ergama copper-gold project in western Turkey ("Ergama"). The drilling is expected to be completed in early January 2017 with assay results expected before the end of the first quarter of 2017. The main targets to be tested include near-surface, porphyry-style copper-gold mineralisation within the central portion of the Ergama claim block, in addition to peripheral high grade vein/fault hosted gold-silver mineralisation.
For more information and complete drill results and Mineral Resource details visit the Mariana Resources website at www.marianaresources.com and see the press release dated October 26, 2016, November 29, 2016 and December 20, 2016.
Sandstorm holds a 2.0% NSR royalty on the Hot Maden and Ergama projects.
ERDENE CONTINUES TO EXPAND HIGH-GRADE ZONES AT BAYAN KHUNDII, RELEASES DRILL RESULTS AT ALTAN NAR
Erdene Resource Development Corp. ("Erdene") has released a number of drill results from its Q3/Q4 2016 drill campaign at the Bayan Khundii gold project in southwest Mongolia ("Bayan Khundii"). Gold mineralization at Bayan Khundii has been identified over a 1.7 kilometre trend, with detailed exploration taking place over a 500 metre by 350 metre zone in the southwest portion of the prospect area, where Erdene's drill programs have focused. Results include several high-grade intersections within a series of parallel structures.
As of November 28, 2016, 87 diamond drill holes totaling 9,784 metres had been drilled at Bayan Khundii and the most recent results released in November (BKD-62 to BKD-87) continued to expand the boundaries of gold mineralization, with several high-grade gold intersections over wide intervals. Multiple gold-bearing structures are now being defined at Bayan Khundii, including Striker Zone, the most extensively explored zone.
Deep Striker
Drilling along the southern boundary of the Striker Zone, targeting extensions at depth, returned the highest grade gold intercept reported to date with 65 metres of 6.3 g/t gold (71m-136m) including 37 metres of 11 g/t gold (76m-113m, BKD-77).
Striker North
As part of Erdene's Striker Zone expansion program, drilling has further defined a new gold zone north of Striker with 6 metres of 9.0 g/t gold (54m-60m, BKD-63) and 19 metres of 1.6 g/t gold (25m-40m, BKD-65). The latest three holes testing the northern extension ended in gold mineralization and included 18 metres of 7.1 g/t gold (BKD-86).
Striker Main
The Striker Main drilling continues to provide impressive intersections with good continuity and high grades over broad intervals including 56 metres of 2.1 g/t gold (44m-100m, BKD-74), including 3 metres of 22.7 g/t gold (68m-71m); 71 metres of 1.1 g/t gold (29m-100,BKD-73) and 21 metres of 8.3 g/t gold (61m-82m), within 36.7 metres of 5.0 g/t gold (46m-82.7m, BKD-84).
Step-Out Drilling
On November 25, 2016, Erdene mobilized a drill rig to test a target area approximately 200 metres north of the Striker Zone, surrounding the successful step-out hole BKD-60 which intercepted 123m @ 1.23 g/t gold (20m-143m). Results from a series of drill holes in this area are anticipated to be reported early in Q1-2017.
A summary of the drill results for holes BKD-01 to BKD-60 can be found in table 1 below.
Results Summary for Holes BKD-01 to BKD-60
Altan Nar
In addition to the exploration program at Bayan Khundii, Erdene recently tested a target at the Altan Nar gold-polymetallic project, 19 kilometres to the northwest of Bayan Khundii. Hole TND-101 intersected 110 metres of 9.3 g/t gold, 32 g/t silver and 1.4% combined lead-zinc (32m-142m) including 14 metres of 55.6 g/t gold, 131 g/t silver and 5.65% combined lead-zinc (96m-110m), and 5 metres of 24.8 g/t gold, 49.8 g/t silver and 3.48% combined lead-zinc (73m-78m).
Altan Nar is considered to be a carbonate-base metals gold deposit, a style of deposit that includes the most prolific gold producers in the southwest Pacific rim and includes well-known deposits such as Porgera (Papua New Guinea) and Kelian (Indonesia).
For more information and complete drill results visit the Erdene website at www.erdene.com and see the press releases dated November 17, 2016, November 28, 2016, and December 19, 2016.
Sandstorm holds a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar projects. The Company also owns 5 million shares of Erdene, at an average cost of $0.20.
OSISKO INCREASES DRILL PROGRAM AT WINDFALL BY 250,000 METRES
Osisko Mining Inc. ("Osisko") has announced that it is increasing the scale on the ongoing drill program at the Windfall Lake gold project located in Québec, Canada. Since late October 2015, Osisko has drilled approximately 115,000 metres as part of an originally announced 50,000 metre program (expanded twice to the current 150,000 metre drilling campaign) on the Windfall Lake gold deposit and surrounding exploration targets. Exploration success in the initial 150,000 metre program has included:
an upgraded geological interpretation of the Windfall deposit which is leading to a significantly expanded and still growing footprint for the previously known area of mineralization;
the discovery of several significant new zones of mineralization including Wolf Zone and the recently announced new shallow high-grade zone known as the Lynx Zone, discovered on the 600 metre extension fence);
the recently announced 600 metre NE extension of the main corridors of mineralization (Caribou, Zone 27, Wolf and Underdog); and
two new discoveries in the surrounding area (Fox and Black Dog).
Recently reported drill results include:
Fox
27.6 g/t gold over 3.1 metres (406.0m-409.1m, DDH OSK-U-16-734);
8.04 g/t gold over 3 metres (65.5m-68.5m, DDH OSK-U-16-732); and
6.78 g/t gold over 2.0 metres (DDH OSK-U-16-731) (229.0m-229.8m).
Windfall Extension
65.0 g/t gold over 5.7 metres (226.3m-232.0m, DDH OSK-W-16-760) including;
76 g/t gold over 3.5 metres (226.3m-229.8m); and
100 g/t gold over 0.8 metres (229.0m-229.8m).
Underdog
34.4 g/t gold over 5.7 metres uncut (260m-265.7m, DDH OSK-W-16-720);
13.8 g/t gold over 6.6 metres (1135.5m-1142.1m, DDH OSK-W-16-708-W2);
7.57 g/t gold over 7.70 metres (944.8m-952.5m, DDH OSK-W-16-706-W3);
11.8 g/t gold over 4.6 metres (539.2m-543.8m, DDH OSK-W-16-309-W3);
25.1 g/t gold over 2.0 metres and 15.5 g/t gold over 2.9 metres (797m-799m, DDH OSK-W-16-704-W1); and
13.0 g/t gold over 2.0 metres (918.8m-921.0m, DDH OSK-W-16-311-W2).
The new 250,000 metres of drilling will assist Osisko in further exploring and defining the known mineralization within the main deposit area and the recently discovered NE extension area. Osisko's objective is to maximize the level of information to be included in an anticipated initial 2017 resource update.
For more information and complete drill results visit the Osisko website at www.osiskomining.com and see press releases dated October 12, 2016, October 25, 2016, November 23, 2016, December 5, 2016, December 19, 2016.
Sandstorm holds a 0.5% and a 1% NSR royalty on portions of the Windfall Lake property.
ENTRÉE GOLD DISCUSSES TURQUOISE HILL RELEASE OF OYU TOLGOI EXPANSION PEA
Entrée Gold Inc. ("Entrée") announced the filing of an updated technical report ("2016 OTTR") relating to the Oyu Tolgoi copper-gold project in Mongolia. Turquoise Hill Resources Ltd. ("Turquoise Hill") filed the report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
In addition to updating the Reserve Case on the open pit and Hugo North (including Hugo North Extension) Lift 1 block cave, 2016 OTTR includes Preliminary Economic Assessments of potential later phases of the Oyu Tolgoi deposits utilizing four Alternative Production Cases. Two of these deposits, Hugo North (including Hugo North Extension) Lift 2 and Heruga include Entrée/Oyu Tolgoi LLC joint venture resources. The Alternative Production Cases take advantage of productivity improvements in plant throughput that have begun to be recognized in the process plant and evaluate plant capacity expansions as high as 120 million tonnes per annum. Variations in operating and capital costs are also evaluated.
Sandstorm has a stream agreement to purchase 5.62% of the gold, 4.26% of the silver and 0.42% of the copper from the Oyu Tolgoi project deposits - the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. These deposits are the northern-most and southern-most, respectively, in the 12 kilometre-long Oyu Tolgoi series of deposits. The resources at Hugo North Extension include a Probable reserve, which is included in Lift 1 of the underground mine development.
On November 3, 2016, Turquoise Hill announced that work had begun for Shaft 5 sinking and the convey-to-surface box cut excavation, while construction of critical on-site facilities continued. Oyu Tolgoi recently signed an additional underground mining and support services contract with Dayan Contract Mining for the sinking of Shafts 2 and 5. At the end of the third quarter 2016, the underground workforce was approximately 1,600 people and was expected to reach 2,400 people by the end of 2016.
For more information visit the Entrée Gold website at www.entreegold.com and see the press release dated October 24, 2016. The Turquoise Hill technical report, titled "2016 Oyu Tolgoi Technical Report", with an effective date of October 14, 2016, is available on SEDAR at www.sedar.com under Turquoise Hill's profile.
KIRKLAND LAKE GOLD REPORTS ADDITIONAL HIGH GRADE INTERCEPTS AND IDENTIFIES NEW MINERALIZATION AT MACASSA FROM UNDERGROUND DRILLING ON THE SOUTH MINE COMPLEX
Kirkland Lake Gold Inc. ("Kirkland Lake Gold") reported new high grade drill intercepts from underground exploration drilling on the South Mine Complex ("SMC") at the Macassa Mine Complex, in Kirkland Lake, Ontario.
The drilling program infilled gaps in drill hole coverage between inferred resource blocks and identified new mineralization associated with the easterly strike extension of the SMC within the HM Claim, located approximately 610 metres southeast of the #2 shaft at the Macassa Mine Complex. Underground drilling highlights include:
651.8 g/t gold (93.6 g/t cut) over 3.8 metres, including 2,846.1 g/t gold over 0.5 metres, in hole 53-2921;
40.1 g/t gold over 3.0 metres in hole 53-2967;
97.7 g/t gold (70.2 g/t cut) over 1.6 metres, including 263.3 g/t gold over 0.3 metres, in hole 53-3065;
102.5 g/t gold (26.7 g/t cut) over 3.2 metres, including 923.3 g/t gold over 0.3 metres, in hole 53-3098; and
100.5 g/t gold (68.6 g/t cut) over 1.6 metres, including 261.6 g/t gold over 0.3 metres, in hole 53-3099.
All intercepts are core lengths. High grade assays are cut to 246.9 g/t or 120.0 g/t depending on the zone.
The drill program concentrated on both infilling gaps in drill hole coverage and also expanding the SMC further to the east within the HM Claim by testing a zone which was initially identified by drill hole 53-2414.
Kirkland Lake Gold has since completed 24 additional drill holes which has expanded and better defined this zone of mineralization. Based on the additional drilling, the zone has been defined over a strike length of 130 metres and is open up dip and is currently being tested with additional step out drilling.
For more information and for complete drill results visit the Kirkland Lake Gold website at www.klgold.com and see the press release dated November 7, 2016. Sandstorm holds a 2.0% NSR royalty on the HM Claim.
PRIMERO PROVIDES EXPLORATION UPDATE ON BLACK FOX DEEP CENTRAL ZONE
Primero Mining Corp. ("Primero") announced the results of successful exploration at the Black Fox mine located near Timmins, Ontario, Canada. The discovery, delineation and recent commencement of production from the Deep Central Zone at Black Fox is an important milestone for the mine. Initial production mining of the Deep Central Zone has returned positive results with grades and tonnes reconciling well with the production block model. First long-hole production blasting occurred in early-September, and is expected to continue to ramp-up from this area.
Three underground diamond drill rigs have been active on the 520 level exploration drift, targeting mineralization located down-plunge and to the west of the Deep Central Zone. Results have reconfirmed the high-grade tenure of the Deep Central Zone with drill hole 520-EX346-06 intercepting 27.9 g/t gold over 5.8 metres (from 355.6m-361.4m) at approximately 800 metres depth and more recent drilling returning significant gold grades including 34.4 g/t gold over 1.0 metre (402m-403m, 520-EX346-09) below the Deep Central Zone at approximately 900 metres depth. Deep drilling efforts are ongoing and are expected to be released by Primero in due course.
After successfully expanding and delineating the Black Fox Deep Central Zone, Primero has shifted focus to other priority target areas located to the west and at depth. Recent exploration of the west targets has returned positive results with significant gold grades including 87.3 g/t gold over 1.4 metres (505.9m-507.3m, 520-EX290-02), 9.5 g/t gold over 1.0 metres (368.5m-369.5m, 520-EX286-07), 28.1 g/t gold over 2.7 metres (376m-378.7m, 520-EX286-05), 4.6 g/t gold over 5.4 metres (454m-459.4m, 520-EX286-01) and 9.1 g/t gold over 1.2 metres (497.2m-498.4m, 520-EX286-02). Drill hole 520-EX286-05 was drilled to test an extension of the W1 High Quartz target, which remains open at depth. Holes 520-EX286-01 and -02 have identified the W5 Far West target which requires further infill exploration and remains open at depth. In addition, two surface drill rigs have been testing for other areas of Froome-like mineralization.
For more information, visit the Primero website at www.primeromining.com and see the press release dated September 19, 2016 and November 9, 2016.
Sandstorm has a gold stream agreement to purchase 8% of the life of mine gold produced from Black Fox for a per ounce cash payment equal US$524 per ounce.
YAMANA GOLD PROVIDES EXPLORATION UPDATE AT GUALCAMAYO
Yamana Gold Inc. ("Yamana") issued an update on the exploration programs at its Gualcamayo mine in Argentina ("Gualcamayo"). Yamana has completed a total of 2,457 metres distributed in 12 holes since September, testing the near-surface oxide deposits called Potenciales and Las Vacas. Several of the holes, including 16QD-975 drilled at Potenciales, have discovered important mineral intercepts that begin near the surface and continue to depth. The results continue to suggest the potential for the expansion of the Mineral Resource base immediately adjacent to the southwest and northeast of the QDD open pit. Construction of road access to further test and expand these oxide deposits surrounding the QDD main pit is in the planning stage and will begin early in the first quarter of 2017.
Recent drill results from holes completed at Cerro Condor and Potenciales (August 24, 2016 to September 26, 2016.), including all holes completed at these targets with results above a 0.5 g/t gold result are reported below:
Several of these intersections, in particular 16QD975, are at the pit wall and are sufficient in width and grade to suggest potential positive contributions to increases in Mineral Resources and Mineral Reserves at grades that exceed the current in pit grades. These new discoveries show large, untested potential exists at the surface or near surface well beyond the known extents of the current mineral inventory.
For more information, visit the Yamana website at www.yamana.com and see the press release dated October 27, 2016.
Sandstorm holds a 1.0% NSR royalty on the Gualcamayo mine.
Silver and Gold Summit, kleines Interview mit Nolan, der begierig darauf wartet einkaufen zu gehen:-)
http://www.kitco.com/news/video/show/Silver--Gold-Summit-201…
http://www.kitco.com/news/video/show/Silver--Gold-Summit-201…
Antwort auf Beitrag Nr.: 53.679.519 von KMST am 12.11.16 11:21:11Im Moment sehe ich nicht, warum Edelmetalle steigen sollten. Trump rudert volle Kanne zurück und es gibt insofern auch keinen zwingenden Grund, warum Gold den Hintern hoch bekommen sollte.
Wünsche Dir beim Einsammeln Glück, habe die meisten davon auch im Depot.
Wünsche Dir beim Einsammeln Glück, habe die meisten davon auch im Depot.
ich sammel seit freitag quer im sektor ein, nächste woche geht es weiter. hatte noch 1/3 cash im bestand.
kaufliste: sandstorm, newmarket, kirkland, first maj., perseus, silver wheaton
kaufliste: sandstorm, newmarket, kirkland, first maj., perseus, silver wheaton
Wenn es so weitergeht, braucht man bald nichts mehr einzusammeln.
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