VANCOUVER, BC, Nov. 25, 2020 /CNW/ - Elemental Royalties
Corp. ("Elemental" or "the Company") (TSX-V: ELE)
(OTCQX: ELEMF), a gold-focused royalty company providing investors
with exposure to a growing portfolio of royalties, notes the
announcement yesterday from Premier Gold Mines (TSX: PG)
("Premier") expanding and confirming the continuity of
higher-grade mineralization in several areas of the Mercedes
Project ("Mercedes").
Elemental owns a 1% Net Smelter Returns Royalty on Mercedes,
which becomes payable from July 28,
2022, following a time hurdle.
Highlights
- Marianas
-
- Marianas represents the down-plunge extension of the main,
historical Mercedes mine trend, which remains open at depth and
potentially further down-plunge
- A delineation program of 5,000 m
is expected to be completed by the end of the year
- Drilling Highlights (in interpreted true widths):
-
- 6.3m at 20.23g/t Au &
631.4g/t Ag, including 12.7m
at 10.17 g/t Au & 294.3 g/t Ag (UG-MR20-065)
- 8.1m at 7.49 g/t Au &
56.78 g/t Ag (UG-MR20-068)
- San Martin Vein
-
- San Martin was discovered in May
2019
- Drilling in 2020 is defining the extension of the
mineralization and the potential for a Mineral Resource
- Drilling Highlights (in true widths):
-
- 4.2m at 10.03 g/t Au &
118.89 g/t Ag (L20-534D
- 2.3m at 5.31 g/t Au &
131.42 g/t Ag (L20-528D)
- Diluvio West Stockwork Zone
-
- The Diluvio West drilling program has been delineating the
extent of mineralization, concentrating on the higher grade central
zone
- Premier has announced increased confidence in the grade and
results significantly increase confidence in the continuity and
quality of the mineralisation
- Drilling Highlights (in downhole widths):
-
- 12.2m at 4.47 g/t Au &
21.4 g/t Ag, including 56.6m at 2.99
g/t Au & 12.3 g/t Ag (UG-DI20-105)
- 36.5m at 3.24g/t Au & 11.0g/t
Ag (UG-DI20-109)
- 27.5m at 4.07g/t Au & 13.0
g/t Au (UG-DI20-113)
- 10.2m at 7.12 g/t Au &
26.2 g/t Ag (UG-DI20-099)
- 14.2m at 4.86 g/t Au &
30.6 g/t Ag and 13.2m at 6.83 g/t
& 27.5 g/t Ag (UG-D120-104)
Frederick Bell, CEO of
Elemental commented: "These drilling results at Mercedes are
encouraging, identifying and confirming of the quality of, or
significant extensions of known mineralization that are expected to
result in increased royalty revenues to Elemental once our royalty
starts paying in July 2022. The
Mercedes royalty is a key component of our organic growth profile,
alongside our recently announced acquisition of near-term producing
royalties from South32."
Live Investor Webinar
A live Elemental webinar will take place on Tuesday, December 1st at 9am PST/12pm EST.
CEO Frederick Bell will be available
to answer questions following the presentation. Online registration
and participation details may be found at the following link:
https://zoom.us/webinar/register/WN_xjESUo2TTy-W_gvjqw3IVQ
For those unable to participate, a recording of the webinar will
be posted to the Company's web site following the live
broadcast.
The webinar will discuss the Company's recently announced
acquisition of a portfolio of three gold royalties in Australia from a wholly owned subsidiary of
South32 Limited (the "Acquisition").
Qualified Person
Richard Evans, FAusIMM, Senior
Vice President Technical for Elemental, and a qualified person
under National Instrument 43-101 Standards of Disclosure for
Mineral Projects, has reviewed and approved the scientific and
technical disclosure contained in this press release.
On behalf of Elemental Royalties Corp.
Frederick Bell
CEO and
Director
Neither the TSX-V nor its Regulation Service Provider (as
that term is defined in the policies of the TSX-V.) accepts
responsibility for the adequacy or accuracy of this press
release.
About Elemental Royalties
Elemental is a gold-focused royalty company listed on the TSX-V
in Canada and provides investors
with lower risk precious metals exposure through a portfolio of
nine high-quality royalties. This enables investors to
benefit from ongoing royalty revenue, future exploration upside and
low operating costs. Elemental's experienced team seeks to secure
royalties in advanced precious metals projects, run by established
operators, from its pipeline of identified opportunities.
Cautionary note regarding forward-looking statements
This release contains certain "forward looking statements" and
certain "forward-looking information" as defined under applicable
Canadian securities laws. Forward-looking statements and
information can generally be identified by the use of
forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology.
Forward-looking statements and information include, but are not
limited to, statements with respect to the transactions
contemplated under the Acquisition, the future growth and
development of the Company, future operations and work programs of
Mercedes and future royalty payments derived from the Mercedes
royalty. Forward-looking statements and information are based on
forecasts of future results, estimates of amounts not yet
determinable and assumptions that, while believed by management to
be reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies.
Forward-looking statements and information are subject to various
known and unknown risks and uncertainties, many of which are beyond
the ability of Elemental to control or predict, that may cause
Elemental's actual results, performance or achievements to be
materially different from those expressed or implied thereby, and
are developed based on assumptions about such risks, uncertainties
and other factors set out herein, including but not limited to: the
requirement for regulatory approvals and third party consents, the
impact of general business and economic conditions, the absence of
control over the mining operations from which Elemental will
receive royalties, including risks related to international
operations, government relations and environmental regulation, the
inherent risks involved in the exploration and development of
mineral properties; the uncertainties involved in interpreting
exploration data; the potential for delays in exploration or
development activities; the geology, grade and continuity of
mineral deposits; the impact of the COVID-19 pandemic; the
possibility that future exploration, development or mining results
will not be consistent with Elemental's expectations; accidents,
equipment breakdowns, title matters, labor disputes or other
unanticipated difficulties or interruptions in operations;
fluctuating metal prices; unanticipated costs and expenses;
uncertainties relating to the availability and costs of financing
needed in the future; the inherent uncertainty of production and
cost estimates and the potential for unexpected costs and expenses,
commodity price fluctuations; currency fluctuations; regulatory
restrictions, including environmental regulatory restrictions;
liability, competition, loss of key employees and other related
risks and uncertainties. Elemental undertakes no obligation to
update forward-looking information except as required by applicable
law. Such forward-looking information represents management's best
judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future
results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements or
information.
SOURCE Elemental Royalties Corp.