The Prospector News

EMX Royalty Purchase of Portfolio of Chilean Royalties from Revelo Resources

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

EMX Royalty Purchase of Portfolio of Chilean Royalties from Revelo Resources

 

 

 

 

 

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.

 

Posted March 20, 2020

Share this news article

MORE or "UNCATEGORIZED"


KOOTENAY SILVER CLOSES BROKERED PUBLIC OFFERING FOR GROSS PROCEEDS OF C$10.35 MILLION

Kootenay Silver Inc. (TSX-V: KTN) is pleased to announce that the... READ MORE

April 25, 2024

U.S. Gold Corp. Closes $4.9 Million Non-Brokered Registered Direct Offering

U.S. Gold Corp. (NASDAQ: USAU), is pleased to announce that it h... READ MORE

April 25, 2024

Getchell Gold Corp. Announces Final Tranche of Debenture Financing

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) is ple... READ MORE

April 25, 2024

Imperial Reports Production Update for 2024 First Quarter

Imperial Metals Corporation (TSX:III) reports quarterly copper an... READ MORE

April 25, 2024

ALX Resources Corp. Intersects Additional Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

ALX Resources Corp. (TSX-V: AL) (FSE: 6LLN) (OTC: ALXEF) is pleas... READ MORE

April 25, 2024

Copyright 2024 The Prospector News