Premier Gold Mines: Positive Exploration & Delineation Drilling
Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to note the recent exploration update by Premier Gold Mines Limited (“Premier”) relating to an ongoing 42,000m exploration and delineation core drilling program at Premier’s Mercedes Mine, where multiple new intercepts at the Lupita zone indicate the potential to extend the horizon by up to 600 metres to the west. Elemental Royalties holds a 1% NSR on the Mercedes Mine, located in State of Sonora in northern Mexico, subject to a production hurdle.
- New mineralized veins confirmed at San Martin opening the area 600m to the west of the Lupita deposit with high potential for future discoveries
- San Martin drilling returned multiple intercepts including 7.2m of 4.64 g/t Au & 30.45 g/t Ag and 1.4m of 5.56 g/t Au & 37.66 g/t Ag
- Ongoing delineation program at Lupita including intercepts of 3.9m of 10.30 g/t Au & 88.25 g/t Ag and 1.5m of 23.90 g/t Au & 71.15 g/t Ag
- Exploration to be activated at La Mesa, which represents the geological extension of the adjacent Santa Gertrudis Property, where Agnico Eagles Mines Ltd is having exploration success
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/delineation-at-mercedes-mine|
|Download PDF: https://www.premiergoldmines.com/upload/documents/press-releases/2019/june-25-2019-pr_lupita-extension-vfinale.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 Director||T: +44 (0) 203 434 633|
|M: +44 (0)755 487 2794|
|Greg Owen: Corporate Development Manager||T: +44 (0) 203 434 633|
|M: +44 (0)7887 554 316|
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