Premier Reports Q1 2019 Operating Results

Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to comment on the recent announcement made by Premier Gold Mines Limited (“Premier”) providing an update from its ongoing drilling program. Premier is the operator of the Mercedes gold-silver mine located in State of Sonora in northern Mexico, on which Elemental Royalties holds a 1% NSR royalty subject to a production hurdle.

Elemental notes that drilling undertaken by Premier has confirmed two high-grade zones, the Lupita Extension and at the newly discovered San Martin target area. Highlights of the program include:

  • San Martin step-out drilling expands high-grade zone
    • 2.9 m of 14.02 g/t Au & 136.00 g/t Ag
    • 3.9 m of 8.41 g/t Au & 67.64 g/t Ag including 1.4 m of 16.20 g/t Au & 92.00 g/t Ag
  • Lupita extension continues intercepting high-grade including 4.5 m of 4.57 g/t Au & 27.07 g/t Ag
  • Successful delineation at Rey De Oro including 2.3 m of 18.15 g/t Au & 27.49 g/t Ag

The new discovery of high-grade mineralization at San Martin, and ongoing success within the Lupita Extension area, continue to demonstrate Premier’s ability to add to the mine life at Mercedes. Elemental looks forward to further results and the prospect of additional discoveries.

The text above is Elemental Royalties’ comment to the operator’s news release and is not included within the original release. The original article is available using the links below.

 

Original Article: https://www.premiergoldmines.com/san-martin–lupita-extension
Download PDF: https://www.premiergoldmines.com/upload/documents/press-releases/2019/august-13-pr_final.pdf

 

 

About Elemental Royalties Limited

Elemental is a private company providing investors with exposure to a dividend-paying royalty company building a diverse portfolio of mining royalties, benefiting from ongoing royalty revenue, future exploration upside and low operating costs.

Since early 2017 Elemental has assembled a portfolio of five royalties over seven commodities in four countries, four of which cover producing mines. Immediate cash-flow has enabled the Company to limit dilutive fund-raisings to facilitate royalty acquisitions, and to pay a dividend from inception.

Elemental’s focus remains on securing royalties over advanced assets with established operators and credible counter-parties from a robust pipeline of potential royalty acquisitions across commodities and geographies.

For further information you are invited to visit the Company’s website www.elementalroyalties.com or contact:

Elemental Royalties Limited
Frederick Bell: Managing DirectorT: +44 (0) 203 434 633
M: +44 (0)755 487 2794
E: frederick@elementalroyalties.com
Greg Owen: Corporate Development ManagerT: +44 (0) 203 434 633
M: +44 (0)7887 554 316
E: greg@elementalroyalties.com

 

 

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This press release may contain statements which constitute “forward-looking”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, and its directors, or officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions or the negative thereof, as they relate to the Company, or its management, are intended to identify such forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.  These forward-looking statements speak only as at the date of this press release.  Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.