checkAd

     443  0 Kommentare Eurasian Minerals Executes Definitive Agreement for the Neavesville Gold-Silver Project, New Zealand - Seite 2

    The Joint Venture Agreement with the Pakirarahi 1B Trust provides a mechanism for equity participation in the project by a local indigenous community. The Deferred Consideration payable to EMX is not reduced by the interest of the Trust under the Joint Venture Agreement.

    Neavesville Property Overview. The Neavesville Property consists of a single exploration permit totaling over 30 square kilometers that covers multiple centers of epithermal gold-silver mineralization. One of the mineralized centers, named Trig Bluffs, has a historic near-surface inferred resource reported as 3.2 million tonnes averaging 2.7 g/t gold and 8.9 g/t silver, and containing 289,000 ounces of gold and 944,000 ounces of silver (R. Brathwaite, IGNS report, 1999; 2001). In addition, a separate higher-grade historic inferred mineral resource of approximately 0.47 million tonnes at 7.1 g/t gold and 20.7 g/t silver, and containing 107,000 ounces of gold and 312,000 ounces of silver, was reported for mineralization at depth beneath Trig Bluffs. A Qualified Person has not performed sufficient work to classify the historic estimates as current mineral resources, and EMX is not treating the estimates as current mineral resources. The historic estimates should not be relied upon until they can be confirmed. However, the drill-delineated Trig Bluffs gold-silver mineralization described by the IGNS report is considered relevant (see EMX news release dated November 19, 2012 for more information).

    The district also saw historic commercial production from the high-grade Ajax Vein system, the single largest producing historic mine in the Neavesville camp, which lies within the Pakirarahi 1B Trust land and will be the initial target of an upcoming exploration program. The vein has not been explored in recent decades, and only two modern holes have been drilled in the vicinity of the mine workings, both of which intersected mineralization, with one drilled through a stoped cavity.

    About EMX. Eurasian Minerals leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX retaining royalty interests. EMX complements its generative business with strategic investment and third party royalty acquisition.

    EMX acquired the Neavesville exploration permit by direct acquisition from the government, and with minimal cost. The sale of a property covering a historic gold-silver resource reported under JORC standards in a key mining district serves as another example of the Company's execution of the royalty and prospect generation business model.

    Seite 2 von 3




    Verfasst von Marketwired
    Eurasian Minerals Executes Definitive Agreement for the Neavesville Gold-Silver Project, New Zealand - Seite 2 VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2014) - (TSX VENTURE:EMX)(NYSE MKT:EMXX) - Eurasian Minerals Inc. (the "Company" or "EMX") is pleased to announce the execution of a definitive agreement with Land & Mineral Limited ("L&M"), a …