EMX Royalty Corporation (NYSE American: EMX) (TSX-V: EMX) is pleased to announce it has entered into an agreement to purchase net smelter returns royalty interests covering 18 properties in Chile from Revelo Resources Corp. for US$1,162,000. The agreement includes a provision for Revelo to repay a loan due to EMX totalling approximately US$369,907.
The 18 properties in EMX’s Royalty Portfolio consist of porphyry copper, IOCG (iron oxide copper-gold)/manto, and epithermal gold-silver projects (see Figure 1). The properties occur in northern Chile’s highly productive Coastal (i.e., Amancaya and Manto Verde), Paleocene (i.e., El Penon and Spence) and Domeyko (i.e., Escondida, Chuquicamata, and El Albra) metallogenic belts. The prospective geology and diversity of metals covered by the Royalty Portfolio provide EMX with significant discovery and commodity optionality. Nine properties are controlled by third parties and nine properties are controlled by Revelo, as listed in the table below (NSR royalty interest applies to all metals, except as noted):
Project Name | Hectares (Approx.) | Principal Commodities | NSR Royalty Interest | Project Owner |
San Guillermo | 12,000 | Au-Ag | 0.5% | Austral Gold Ltd |
Reprado | 2,700 | Au-Ag | 1.0% | Austral Gold Ltd |
Limbo | 5,600 | Au-Ag | 1.0% | Austral Gold Ltd |
Magallanes | 1,000 | Au-Ag | 1.0% | Austral Gold Ltd |
Victoria Norte | 38,400 | Au-Ag / Cu-Mo | 2.0% | Hochschild Mining PLC |
Kolla Kananchiari | 3,900 | Au-Cu-Ag | 1.0%/0.5% * | Masglas America Corp |
San Valentino | 1,100 | Cu-Au-Mo | 1.0% | Atacama Copper Exploration |
T4 | 1,900 | Cu-Au | 1.5% | Atacama Copper Exploration |
Las Animas | 3,900 | Cu-Au | 1.5% | Atacama Copper Exploration |
Victoria Sur | 6,600 | Au-Ag-Cu | 1.0% | Revelo Resources |
Arrieros | 14,000 | Cu-Mo-Au | 1.0% | Revelo Resources |
Redondo-Veronica | 5,000 | Cu-Mo | 1.0% | Revelo Resources |
Block 2 | 3,300 | Cu-Mo | 1.0% | Revelo Resources |
Block 3 | 10,000 | Cu-Mo | 1.0% | Revelo Resources |
Block 4 | 4,200 | Cu-Mo | 1.0% | Revelo Resources |
Cerro Blanco | 6,500 | Cu-Mo-Au | 1.0% | Revelo Resources |
Cerro Buenos Aires | 7,700 | Cu-Mo-Au-Ag | 1.0% | Revelo Resources |
Morros Blancos | 7,900 | Cu-Au-Mo | 1.0% | Revelo Resources |
* 1% NSR precious metals, 0.5% NSR base metals
The purchase of the Royalty Portfolio from Revelo is an example of EMX’s successful execution of its royalty acquisition business strategy, which complements the Company’s royalty generation and strategic investment initiatives. The Company has a diversified portfolio of precious, base, palladium-platinum, and battery metals royalty interests and mineral property assets on five continents. Please see www.EMXroyalty.com for more information.
Mr. Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
About EMX.
EMX is a precious and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and the TSX Venture Exchange under the symbol EMX.
About Revelo.
Revelo is a Canadian company listed on the TSX Venture Exchange. Revelo has interests in an outstanding portfolio of projects prospective for gold and copper located along proven mineral belts in one of the world’s top mining jurisdictions – Chile. The Company has a vision to reward shareholders with wealth-generating mineral discoveries along Chile’s prime mineral belts, through leveraged and more efficient capital deployment, exploration, discovery and monetization.
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