IAMGOLD commente les activités boursières récentes

Toronto, Ontario–(Newsfile Corp. – le 17 mai 2019) – IAMGOLD Corporation (TSX: IMG) (« IAMGOLD » ou la« Société ») transmet le commentaire suivant au sujet des récentes activités boursières.

La Société a pour politique générale de ne pas faire de commentaires sur des spéculations ou des rumeurs. La Société n’est pas au courant d’un changement important qui pourrait être à l’origine des récentes activités boursières sur ses titres. La Société étudie régulièrement diverses options stratégiques qui lui sont offertes et peut entreprendre des pourparlers concernant d’éventuelles opérations. La Société informera les marchés, tel qu’il est requis, et s’abstiendra de faire tout autre commentaire pour l’instant.

Au sujet d’IAMGOLD

IAMGOLD (www.iamgold.com) est une société minière de rang intermédiaire possédant quatre mines d’or en exploitation situées sur trois continents. À sa solide base d’actifs stratégiques en Amérique du Nord, en Amérique du Sud et en Afrique de l’Ouest s’ajoutent des projets de mise en valeur et d’exploration. IAMGOLD évalue continuellement des occasions d’acquisition de croissance et est en bonne position pour assurer sa croissance grâce à une saine santé financière, combinée à une expertise de gestion et d’exploitation.

Pour de plus amples renseignements :

Indi Gopinathan, responsable, Relations avec les investisseurs, IAMGOLD Corporation
Tél. : 416 360-4743 Cellulaire : 416 388-6883

Martin Dumont, analyste principal, Relations avec les investisseurs, IAMGOLD Corporation
Tél. : 416 933-5783 Cellulaire : 647 967-9942

IAMGOLD Corporation Sans frais : 1 888 464-9999 info@iamgold.com

Veuillez noter :

Vous pouvez obtenir une copie de ce communiqué de presse par télécopieur, par courriel, sur le site web d’IAMGOLD à www.iamgold.com et sur le site web de Newsfile à www.newsfilecorp.com. Vous pouvez obtenir tous les documents importants d’IAMGOLD sur le site www.sedar.com ou www.sec.gov.

The English version of this press release is available at http://www.iamgold.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44873

Advertisements

Ethos to drill Carlin style gold target at Iron Point, Nevada in 50% Earn-In with Victory Metals and adds Dr. Quinton Hennigh as Technical Consultant

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2019) – Ethos Gold Corp. (TSXV: ECC) (OTCQB: ETHOF) (“Ethos” or the “Company“) is pleased to announce that it has executed an earn-in agreement with Victory Metals Ltd. (TSXV: VMX) (“Victory”) under which Ethos will drill a Carlin style gold target at Victory’s Iron Point vanadium project, located 22 miles east of Winnemucca, Nevada. Ethos is further pleased to announce that Dr. Quinton Hennigh will be joining Ethos as a technical consultant and will oversee this drill campaign.

Highlights

  • Ethos can earn a 50% undivided interest in the gold and silver rights at the 13,300 acre Iron Point property by spending CDN$ 5 million over three years, including a minimum expenditure of CDN $1.0 million in the first year. Following the earn-in, a 50-50 joint venture will be formed between Ethos and Victory, exclusive to the gold and silver rights. Victory Metals will retain a 100% interest in the near surface, widespread vanadium rights at Iron Point, which were demonstrated in Victory’s recent drilling.
  • Iron Point is located at the intersection of the Battle Mountain and Getchell Gold Trends, and on trend from several high-grade, world-class gold mines including Twin Creeks, Getchell/Turquoise Ridge, and Marigold (see Figure 1 below).
  • Recent fossil analysis has established that the Comus Formation at Iron Point previously mapped as Upper Plate is definitively Lower Plate and correlatable with the Roberts Mountain and Popovich Formations, units highly prospective for large Carlin style deposits.
  • Previous drilling by Dr. Hennigh in the 1990’s at Iron Point intersected anomalous gold values across Upper and Lower Plate stratigraphy near a recumbent fold hinge, as well as Carlin type gold mineralization at the interpreted range front, possibly smeared fault gouge. Significant gold has also been sampled in surface trenches, interpreted to be leakage from deeper levels. Further some of the strongest gold pathfinder element geochemistry in Nevada is present at Iron Point.
  • Based on this work a Lower Plate hosted Carlin style target has been identified by Dr. Hennigh at Iron Point. Ethos plans to commence a drill program shortly to test this target.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1564/44868_c37abcee94c71aa3_002.jpg

Figure 1: Iron Point is located at the intersection of the Cortez/Battle Mountain Trend and the Getchell Trend, which have combined historic production of 200 million oz of gold.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1564/44868_c37abcee94c71aa3_002full.jpg

Stated Dr. Quinton Hennigh, “I think Iron Point is one of the most prospective locations for undiscovered Carlin style gold mineralization left in Nevada. I explored the project in the 1990’s, but the downturn in gold prices at that time cut that effort short. It is a pleasure to join Ethos and have a renewed shot at testing the compelling targets on this exciting project.”

Stated Craig Roberts, P.Eng., President & CEO of Ethos: “We are delighted to have come to an agreement with Victory to pursue a drill program targeting Carlin style gold mineralization at Iron Point based on a new interpretation to target Carlin style mineralization, and as well to have Dr. Hennigh on board to guide this exploration program. We anticipate commencing drilling at Iron Point in the near future and will announce our plans for this drill program shortly.”

Stated Paul Matysek, Executive Chairman of Victory: “On behalf of the Board of Directors we are pleased to be working with Ethos to develop and test the gold potential at Iron Point. The geological setting with Lower Plate stratigraphy, historic drill intersections of gold mineralization and the presence at surface of both gold and associated mineralogy make this a very compelling drill target. This earn-in agreement provides Victory shareholders with tremendous optionality on both vanadium and gold.”

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1564/44868_c37abcee94c71aa3_003.jpg

Figure 2: North looking cross section, illustrating the new geological interpretation at Iron Point, including the conceptual Carlin style gold target.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/1564/44868_c37abcee94c71aa3_003full.jpg

As illustrated in Figure 2, the Upper Plate Ordovician Vinini Formation overlies the interpreted Silurian/Devonian Roberts Mountain and Popovich Formations, separated by a thrust fault dipping at a shallow angle to the west. Subsequent north-south striking normal faulting has down-dropped the stratigraphy to the east along a range front. Drilling has confirmed a recumbent Zed fold parallel and to the west of the range front fault. The exploration target is for Carlin style gold mineralization in this interpreted, folded Roberts Mountain and Popovich Formation stratigraphy.

A similar model including recumbent Zed folding along a range front fault is the focus of mineralization at Newmont’s Twin Creeks mine, located approximately 25 miles north of Iron Point. At Iron Point, anomalous gold has been encountered along the range front fault over a strike length of about 5 km.

Based on this interpretation Dr. Hennigh has located three holes which would be drilled vertically to target depths of between 500 and 800 meters (conceptually shown on Figure 2 above). These holes are planned to penetrate through upper plate stratigraphy to the west of the north south striking normal range front fault and into lower plate stratigraphy.

Appointment of Dr. Quinton Hennigh as Technical Advisor

Ethos is pleased to announce that Dr. Quinton Hennigh has agreed to join Ethos as a technical advisor. Dr. Hennigh is an economic geologist with more than 25 years of exploration experience with major gold mining firms including Homestake Mining, Newcrest Mining and Newmont Mining, with much of that work focused on exploration for Carlin style deposits in Nevada. Quinton is Chairman and President of Novo Resources Corp., founder and Director of Irving Resources Inc. and Executive Chairman of Miramont Resources Corp. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.

Earn In and Joint Venture Terms

Ethos can earn a 50% interest in the gold and silver rights at Iron Point by spending a minimum of CDN$ 5 million over three years, with minimum expenditures of CDN $1.0 million in the first year. Following the earn-in a 50-50 joint venture will be formed between Ethos and Victory. Victory will maintain 100% title to the Iron Point claims and on completion of its earn-in Ethos would have a contractual right to 50% of any gold or silver discovery. The vanadium mineralization is near surface with significant spatial separation from the conceptual deeper gold target. Victory maintains the right to ensure that any gold exploration and development plans do not interfere with development of its vanadium project.

Qualified Person, and Contact

Work targeting Carlin style gold at Iron Point will be supervised by Dr Quinton Hennigh, Technical Advisor to the Company. He is a Qualified Person as defined under National Instrument 43-101 and has read and approved this release.

For additional information please contact Tom Martin at E: tmartin@ethosgold.com P: 1-250-516-2455 or view the Company’s website, www.ethosgold.com .and the Company’s sedar profile at www.sedar.com .

Ethos Gold Corp.
Per: “Craig Roberts
Craig Roberts, P.Eng., President & CEO

Forward-Looking Statement Cautions:

This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, including statements regarding the Company’s planned gold and silver exploration program at Iron Point. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company’s exploration plans, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s reports, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at http://www.sedar.com for a more complete discussion of such risk factors and their potential effects

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44868

InvestmentPitch Media Video Discusses Great Atlantic’s Receipt of Diamond Drill Permit for Golden Promise Gold Property in Central Newfoundland Gold Belt – Video Available on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2019) – Great Atlantic Resources (TSXV: GR) (FSE: PH01) receives diamond drill permit for Golden Promise Gold property in central Newfoundland gold belt. The Golden Promise Property, located within the Exploits Subzone of the Newfoundland Dunnage Zone, lies along the north-northwestern fringe of the Victoria Lake Supergroup, a volcano-sedimentary terrane.

For more information, please view the InvestmentPitch Media “video” which provides additional information about this news and the company. If this link is not enabled, please visit http://www.InvestmentPitch.com and enter “Great Atlantic” in the search box.

Cannot view this video? Visit:
http://www.investmentpitch.com/video/0_and4x589/Great-Atlantic-receives-drill-permit-and-begins-program-on-Golden-Promise-in-central-Newfoundland

The northwestern margin of the properties occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line, which forms the western boundary of the Exploits Subzone.

The company has also begun its 2019 exploration program on the Golden Promise Property, currently conducting focussed prospecting and geochemical sampling at high priority targets within the property.

The drilling permit allows for up to 24 drill holes in the northern half of the property at the gold-bearing Jaclyn Zone. The majority of planned diamond drill holes at the Golden Promise Property will be in-fill drill holes at the Jacelyn Main Zone to provide data for an up-dated mineral resource estimate, engineering studies and studies of mineralizing controls. Drilling is also planned testing continuation of the Jocelyn North Zone along projected strike.

Gold bearing quartz veins are reported in multiple areas of the property, including at least 5 gold bearing quartz vein systems reported in the Jaclyn Zone. Much of the reported historical exploration within the property has been focused on the Jaclyn Zone with gold bearing vein systems reported at the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones.

The majority of historic drilling between 2002 and 2010 was conducted at the Jaclyn Main Zone. Gold bearing veins and gold bearing float are reported in other regions of the property, including the Linda/Snow White vein in the southern region, Shawn’s Shot vein in the central region and Branden boulder occurrence in the northern region of the property.

Recent significant gold discoveries in this region include those of Sokoman Iron Corp. (TSXV.SIC) and Marathon Gold Corp. (TSXV.MOZ). During 2018 Sokoman Minerals announced a high-grade gold discovery on its Moosehead Property, located approximately 40 kilometers east-northeast of the Golden Promise Property. Sokoman reported a drill intersection of 45 grams per tonne gold over an 11.9 meter core length including a 1.35 meter core length quartz vein intersection of 386 grams per tonne gold from a discovery made during their 2018 diamond drill program.

The Valentine Lake Gold Camp of Marathon Gold Corp. is located approximately 55 kilometers to the southwest. As reported on Marathon’s website, the Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totalling 2.7 million ounces of gold at 1.85 grams per tonne and inferred resources totalling 1.5 million ounces of gold at 1.77 grams per tonne.

Great Atlantic cautions that mineralization at the Moosehead Property and Valentine Lake Gold Camp is not necessarily indicative of mineralization on the Golden Promise Property.

In December, Great Atlantic filed a NI 43-101 Technical Report, which modelled the Jacelyn Main Zone as a single quartz vein that strikes east-west and dips steeply to the south. For the capped mineral resource estimate, all assays that exceed 65 grams per tonne gold were capped at 65 grams per tonne, with all resources classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 grams per tonne was adopted. For the underground portion of the resource a cutoff of 1.5 grams per tonne was assumed. Using a weighted average cutoff of 1.1 grams per tonne resulted in a total Inferred Resource of 106,000 ounces capped and 119,900 ounces upcapped.

For more information, please visit the company’s website www.greatatlanticresources.com. Investor Relations is handled by Kaye Wynn Consulting Inc. They can be reached at either 604-558-2630 or 888-280-8128, or email info@kayewynn.com

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT: 
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44870

Rise Gold Provides Information on Technical, Regulatory, and Environmental Aspects of the Idaho-Maryland Gold Project

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2019) – Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the “Company“) is pleased to provide information regarding technical, regulatory, and environment aspects of the Idaho-Maryland (“I-M”) Gold Project (“Project”).

Exploration drilling is ongoing and results from recently completed holes will be announced pending finalization of assay results. Visible gold has been noted in several of the veins intersected.

The Idaho-Maryland Gold Mine, located entirely on private land, was once the second largest lode gold producer in the entire United States with a total past production of 2,414,000 oz of gold at an average mill head grade of 0.5 oz per ton (17.1 gpt) from 1866-1955 and production rates of up to 129,000 oz of gold per year.1

The major vein systems include:

Idaho #1: past production of 935,000 oz gold at a mill head grade of 1.12 oz per ton (38.6 gpt)
Idaho #3: past production of 686,000 oz gold at a mill head grade of 0.60 oz per ton (20.4 gpt)
Brunswick: past production of 793,000 oz gold at a mill head grade of 0.27 oz per ton (9.3 gpt)

The Company strongly believes that the I-M Gold Project has the potential to once again become a significant producing gold mine.

The Company acquired and invested significant capital into the Project because Nevada County is a superior mining jurisdiction with respect to mineral resource potential and political and regulatory risk.

In conjunction with its ongoing and successful exploration drill program, the Company has been investigating various aspects of the Project in relation to future permitting for commercial mining. This work has further reinforced the Company’s confidence that a major underground gold mine could be permitted and built in a timely manner with a predictable outcome.

Land Title

The Property consists of mineral rights on 10 parcels, including 55 subparcels, totaling 2,800 acres (1,133 hectares) with all mineral rights being contiguous below 200 ft (61 m) of surface.

Mineral rights pertain to all minerals, gas, oil and mineral deposits of every kind and nature beneath the surface of all such real property, together with all necessary and convenient rights to explore for, develop, produce, extract and take the same, subject to the express limitation that the fore-going exception and reservation shall not include any right of entry upon the surface of said land, as expressed in the recorded Quitclaim Deed.2

The company owns 175 acres of M-1 Light Industrial zoned private surface land. The Company believes this surface land would be sufficient to re-open the Idaho-Maryland Mine.

Existing Infrastructure

The Idaho-Maryland Gold Project has important infrastructure in place which would be beneficial to re-opening of an underground mine.

The New Brunswick vertical shaft is believed to be in good condition and extends to 3,400 ft below surface. A concrete shaft bin remains in place, although the headframe and hoist have been removed. The previous headframe was 135 ft in height and designed to accommodate hoisting of 2,000 tons per day from 5,000 ft depth. The previous hoist used 6 ton skips at a hoisting rate of 1,250 ft per minute. The historic hoist capacity is likely sufficient for a new operation but could be augmented by increasing hoisting speed or skip capacity.

The shaft has stations at thirteen levels from the B580 to the B3280 levels. Skip loading pockets are present on six major levels at the B1300, B1450, B1600, B1880, B2300, and B3280 levels. It is believed that most tunnels in the volcanic rocks of the Brunswick Mine should be in relatively good condition due to the geotechnical characteristics of this unit. There are numerous tunnels on each level which can be re-used and provide close access to numerous zones of known high-grade gold mineralization.

The Rise Gold property adjacent to the New Brunswick shaft previously hosted a major commercial lumber mill and 55,000 ft2 of industrial buildings. All buildings have subsequently been removed. The Property has a leveled area of approximately 40 acres and a large water-recycle pond which was constructed in 1988. The pond has a surface area of approximately 3.7 acres and a design capacity of approximately 40 acre-feet. Records indicate that the pond is lined with a 2 ft layer of clay and was designed by a registered civil engineer.

Conceptual Project Design

The Company has evaluated various aspects related to the potential reopening of the mine in the future.

A general description of a conceptual project design, at similar production levels as historically achieved, is provided as follows:

  1. Deep underground mine with production below 1,000 ft from surface.
  2. Throughput of +1,000 tons per day, the historic production rate at shutdown in 1942.
  3. High-grade gold mine. Scheduling mining of highest-grade gold mineralization available preferentially.
  4. Re-use of New Brunswick vertical mine shaft. Shaft is from surface to 3,400 ft depth.
  5. Construction of new headframe at New Brunswick shaft.
  6. Construction of a second shaft from underground to surface, constructed in segments using Alimak raising or raise boring. Second shaft to be used as a service shaft and secondary escape and extend to the B3280 level.
  7. Construction of two ventilation raises by raise boring from surface to the B900 level to allow mechanized mining.
  8. Construction of new mineral process plant on surface producing gold concentrates using gravity and flotation concentration methods.
  9. Cemented paste backfilling of underground voids.
  10. Filtered (dry) sand-tailings and crushed rock to be used as engineered fill.
    No liquid tailings or tailings dams.

Zoning Regulations

The Property is located on private land in Nevada County, California and is therefore subject to the Nevada County Land Use and Development Code (“the Code”).

Subsurface Mining is an allowed use subject to approval of a Use Permit.3

Surface work incidental to an underground mine is an allowed use in M1 districts subject to approval of a Use Permit and Reclamation Plan and where the property is zoned ME.4

Nevada County Use Permitting

It is anticipated that Nevada County would be the lead agency responsible for processing and approval of a commercial mining operation at the I-M Gold Project.

Although other permits from other government agencies would be required, the Use Permit from Nevada County is the only discretionary permit required.

Nevada County processes numerous Use Permits every year, averaging 10-12 new applications per year.

Nevada County has a recent track record of approving and granting Use Permit’s for mining projects, including:

Newmont Mining Corporation – North Star Water Treatment Facility
Use Permit granted in 2015.
Discharge of treated mine water from the underground North Star Mine into Wolf Creek
https://www.mynevadacounty.com/1102/North-Star-Water-Treatment-Facility

Hansen Brothers Greenhorn Creek Mining Expansion
Use Permit granted in 2017.
Expansion of sand and gravel mine located within and on the banks of Greenhorn Creek
https://www.mynevadacounty.com/597/Hansen-Brothers-Greenhorn-Creek-Mining-E

Blue Lead Gold Mine
Use Permit granted in 2015.
Open pit gold mine with 74 acres of surface disturbance
https://www.mynevadacounty.com/DocumentCenter/View/15226/Blue-Lead-Mine-Public-Hearing-PDF?bidId=

Previous Permitting by Emgold

Emgold Mining Corporation previously held a lease on the I-M Project and engaged in several permitting efforts in relation to the Project.

In 1995 they successfully completed and received a Use Permit for the dewatering of the I-M Mine. This permit was un-used and subsequently expired in 2001.5

In 2005, Emgold commenced permitting of a large-scale ceramic tile manufacturing and underground mine at the I-M Project. Emgold proposed a 2,400 ton per day shallow underground room and pillar mine (starting at 500 ft below ground surface) in the meta-andesite volcanic rocks to provide feed stock for ceramic tile manufacturing. The factory was proposed to be annexed into the City of Grass Valley and the City was the lead agency for the project.

The only significant and unavoidable impact identified in the Environmental Impact Report (“EIR”) was air quality emissions6 related to the intensive use of energy to manufacture ceramic tiles from the volcanic rocks mined underground. The proposed ceramic tile manufacturing would have used 2.3 billion ft3 of natural gas per year at the full production rate (18.5 MW) 7.

Emgold may have succeeded in permitting its proposed ceramic tile manufacturing and underground mine; however, they ran out of funds necessary for the processing of the Final EIR.8

Emgold enjoyed strong public support for their proposed project. In 2006, an independent opinion poll showed 72 percent of Grass Valley residents in favor of the project and only 12 percent not in favor.9

Rise Gold Corp has no interest in ceramic tile manufacturing and therefore the air quality effects of ceramic tile manufacturing have no relevance to the I-M Gold Project.

Employment and Economy in Project Area

The Company estimates a 1,000 tpd selective mining operation at the I-M would require ~300 direct employees. The mining industry has an indirect multiplier of ~3.9, meaning that 3.9 additional jobs are created from every direct job. 10 Using this factor, total employment created can be estimated at 1,500 persons, the majority of which would be in Nevada County.

The I-M Project is in an area of depressed economic conditions with high unemployment and poverty rates and thereby classified as a Qualified Opportunity Zone Tract. In the area surrounding the I-M Property, the unemployment rate is reported at 13.5% with a poverty rate of 31.3%. The adjacent tract area, including the City of Grass Valley, is reported to have an unemployment rate 10.7% with a poverty rate of 23.3%11. The average unemployment rate in United States is currently 3.8% with a poverty rate of 12.3%12,13. Grass Valley has a population of ~13,000 and Nevada County has a population of ~100,000 people.

Mine Water Discharge

The Company’s consultant has conducted detailed sampling in the New Brunswick Shaft of the water currently flooding the I-M Mine. The primary constituents of interest in the water samples are iron and manganese which are found at concentrations of approximately 1,600 micrograms per liter and 270 micrograms per liter, respectively.

The water quality of mine water discharge is subject to waste discharge requirements set forth in General Order R5-2016-007614. The General Order NPDES permit is advantageous as an individual NPDES discharge permit would not be required, resulting in a predictable outcome for permitting, along with significant time and cost savings,

The water quality requirements under the General Order are similar or identical to California drinking water quality standards.

The Company’s consultant performed bench scale tests which show the mine water can be effectively treated by aeration followed by filtration through a manganese dioxide filter. This is a simple and common water treatment method. The post-treatment water quality would meet or exceed the General Order requirements and California drinking water quality standards.

The Company has evaluated several discharge locations and believes a discharge of treated mine water to Wolf Creek would result in a predictable permitting outcome. Wolf Creek has large flows year-round of approximately 22,000 gpm. Wolf Creek is the point of discharge for numerous users included the Nevada Irrigation District, Grass Valley Waste Water (sewage) Plant and Newmont Mining’s North Star mine water discharge. Newmont was recently granted a permit to discharge treated mine water into Wolf Creek (2015) using a passive water treatment system. Newmont’s approved water discharge is to the same creek and water quality criteria as would be proposed at the Idaho-Maryland.

The historic groundwater inflow into the I-M Mine has been estimated to be in the range of 500 – 1,200 gpm15 and therefore would be insignificant in comparison to the current flow in Wolf Creek.

Ground Water Hydrology

Exploration drilling has shown the mineralized veins at the I-M Project are hosted in competent meta-andesite volcanic rocks. The hard rock lithology is relatively impermeable, and mine dewatering is not anticipated to have a significant effect on ground water levels.

Hydraulic conductivity decreases by several orders of magnitude (i.e. factors of 10) with depth. Shallower depths have higher hydraulic conductivity where more fractures are prevalent. As depth increases fractures may be either less common or have smaller aperture (open) widths. As reported by Todd Engineers (2007), hydraulic conductivity values greater than 1.0 gallon per day per square foot (gpd/ft2) are generally found in wells shallower than 200 ft deep. In wells deeper than 620 ft, no hydraulic conductivity values greater than 0.1 gpd/ft2 were identified, and most values were less than 0.01 gpd/ft2.16

The impermeable nature of the volcanic rocks and vein fractures is demonstrated at the Union Hill Mine. The Union Hill Mine is not connected but is in close proximity to the Brunswick Mine. During historic operations, the Brunswick Mine workings were completely dewatered while the Union Hill Mine was flooded to within 20 ft from surface17. The historical evidence shows that the dewatered mine working of the Brunswick Mine had very little or no effect on the water level in the Union Hill Mine. The Brunswick Mine workings were driven on the same fractures which hosted the veins and within a proximity as close as 135 ft. The mines remain hydraulically unconnected with the water level in the Union Hill Mine currently 165 ft above the water level in the Brunswick Mine.

Historically, there were concerns about several dozen domestic water wells surrounding the Brunswick Mine underground workings. The Company’s consultants are currently engaged in a detailed study of the local groundwater hydrology. The Company does not anticipate significant impacts to groundwater from the dewatering of the mine. In addition, the Company could provide an extension of the potable water utility to this area at a relatively minor cost, which would guarantee that water supply to near-by residents would not be interrupted. An Environmental Impact Report for dewatering the I-M Mine, which studied hydrogeology in detail, was previously completed and Nevada County previously approved the Use Permit for the dewatering of the I-M Mine18.

The Idaho-Maryland Mine has been flooded and successfully dewatered multiple times in its history. Previous dewatering was done without the advantage of modern pumps. There is no reason to expect significant difficulty in dewatering the underground workings.

Mineral Processing

Extensive historical information is available on mineral processing at the I-M Mine. Historic gold recovery of 96% was achieved at a coarse grind of ~80% passing 190 micron. Most gold was recovered by gravity (~67%) and the remainder by flotation which produced a concentrate averaging 3.9 oz gold per ton (134 gpt)19.

Historically, the I-M Mine produced gold dore on site. Due to the high value of the concentrate, the Company does not believe it necessary to produce dore onsite which would eliminate any need to use cyanide leaching. The Project would therefore not use cyanide and would not use mercury.

The mineralized veins at the I-M Project contain only minor sulphides, primarily pyrite, and the great majority of sulphide minerals would be shipped offsite in the gold concentrate.

Geochemistry

Extensive sampling of the historic tailings on the Company’s Centennial Industrial Site was undertaken by previous operators. All fifty samples taken from historic tailings show no elements of concern environmentally. Arsenic values range from <5 to 33 ppm with an average of 9 ppm. Kinetic testing by previous operators in 2010 shows the historic tails and the meta-andesite volcanic rock to be non-acid generating and non-metal leaching.

Some materials on the Centennial Site have elevated arsenic which are likely derived from historic custom milling of ore delivered from other mine sites. The Company is currently preparing plans to clean up these materials to re-develop the site as usable industrial real estate.

Rise is currently conducting geochemical test work on rock samples derived from its exploration drill core. Trace elements from 40 samples in the meta-andesite volcanic unit show no elements of environmental concern. Arsenic values range from 0.3 to 13.1 ppm with an average of 2.7 ppm. Sulphur values range from 0 to 0.5% with an average of 0.15%.

Tailings/Rock Storage

The Company envisions that the processing plant would include a paste backfill plant with approximately 50% of the finest tailings being used as underground backfill. The remaining sand-tailings would consist of de-sulphurized fine sand with a minimum grain size of ~100 microns.

Barren rock from tunnelling in the meta-andesite volcanic rocks would be skipped to surface and crushed. The crushed stone and sand could be combined to produce an engineered fill with no environmental concerns.

There is area available on the Company’s land holdings which could be substantially improved by placement of fill to create additional usable industrial land. The Company’s own lands could utilize at least 10 years of engineered fill should the mine be put into production at the historic rate of 1000 tons per day.

Noise

The Company is confident that noise from a commercial mining operation at the Brunswick Site can be mitigated to a level below the zoning requirements for Nevada County. Surface components of the project would be enclosed in engineered insulated buildings. Enclosure allows for the containment of noise and a predictable result at the property boundaries. During the current exploration drilling program, the Company has achieved excellent noise mitigation from the use of sound insulation and noise walls, reducing noise levels from 90 decibels at the drill head to less than 50 decibels at its property boundaries and consistently within compliance of the County noise regulations.

Traffic

An underground mining project would not generate a significant amount of traffic. The Brunswick Site is adjacent to Brunswick Road. This road is a major local roadway with an estimated 15,000 average daily trips20. Any traffic generated from the I-M Project would be insignificant in comparison to the current use of these major roads. Brunswick road provides a direct connection to two State highways, Hwy 49 to the north and Hwy 174 to the south of the I-M Project property.

Blasting Vibrations

The prediction of blasting vibrations is a well-developed science and blasting designs will produce predictable vibration results.

The Company is confident that an economic solution for underground blasting designs at various depths and locations will result in no significant impacts. In addition, the company expects that blasting vibrations will be well below the levels considered to be distinctly perceptible by persons on surface.

Human responses to vibrations induced from blasting are related to the peak particle velocity (PPV) (intensity of motion) and the exposure time. The particle velocity is related to the distance from the source (D) and the charge weight per delay (W).

Blasting vibrations (PPV) decrease exponentially with distance and therefore distance has a large effect on vibrations resulting from blasting.21

The potential areas of blasting at the I-M Project would occur at depth and over short durations, with entire blasts typically done within seconds and only occur two or three times per day.

Modern blasting allows exceptional flexibility to reduce the charge weight per delay. If necessary, the precision of electronic detonators allows each hole of an underground blast to be on a separate delay timing and the timing of holes can be very close together, typically within 25 milliseconds. Charge weights per delay can therefore be significantly reduced versus conventional detonators.

A technical study for blasting vibrations was previously prepared for Emgold which provides useful information in regard to the potential impacts of blasting vibrations. It should be noted that Emgold planned to drive a ramp from surface and therefore would have blasted close to surface whereas Rise Gold does not anticipate any significant gold mineralization or blasting to be done above 1,000 ft below ground surface and the majority of mineralization is below 1,600 ft.

____________________

1 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.
2 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.
3 Nevada County Land Use and Development Code Section L-II 3.21 http://qcode.us/codes/nevadacounty/view.php?topic=3-ii-3-l__24&frames=on
4 Nevada County Land Use and Development Code Section L-II 3.22 http://qcode.us/codes/nevadacounty/view.php?topic=3-ii-3-l__24&frames=on
5 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.
6 Environmental Science Associates. Idaho-Maryland Mine Project, Environmental Impact Report. Oct 2008.
7 AMEC Americas Limited. Preliminary Assessment Technical Report Idaho-Maryland Mine. November 2004.
8 https://docs.wixstatic.com/ugd/6bd037_6d5eedf818f74c31a7d47dbbc1cc05ac.pdf
9 https://docs.wixstatic.com/ugd/6bd037_ab6143bb765f4aa785d9c8350ca0c542.pdf
10 https://www.epi.org/publication/updated-employment-multipliers-for-the-u-s-economy/
11 https://www.cims.cdfifund.gov/preparation/?config=config_nmtc.xml
12 https://www.bls.gov/news.release/pdf/empsit.pdf
13 https://www.census.gov/quickfacts/fact/table/US/PST045218,
14 https://www.waterboards.ca.gov/rwqcb5/board_decisions/adopted_orders/general_orders/r5-2016-0076.pdf
15 Environmental Science Associates. Idaho-Maryland Mine Project, Environmental Impact Report. Oct 2008.
16 Todd Engineers. Hydrogeologic Assessment Idaho-Maryland Mine. August 2007.
17 Clark, Jack. Gold in Quartz – The Legendary Idaho Maryland Mine. 2005.
18 https://www.northernminer.com/news/emperor-lands-grass-valley-permit/1000095829/
19 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.
20 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017
21 Revey, Gordon. Blasting Impacts Assessment for Proposed Idaho-Maryland Mine Report. June 2006.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the technical disclosure contained in this news release.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44866

IAMGOLD Comments on Recent Trading Activity

Toronto, Ontario–(Newsfile Corp. – May 17, 2019) – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provides the following comment on recent trading activity.

As a general policy, the Company does not comment on speculation and rumours. The Company is not aware of any material change that would account for recent trading activity in its stock. The Company regularly reviews strategic alternatives available to it and may engage in discussions regarding potential transactions. The Company will inform the market as required and does not have any further comment at this time.

About IAMGOLD

IAMGOLD (www.iamgold.com) is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities. IAMGOLD is in a strong financial position with extensive management and operational expertise.

For further information please contact:

Indi Gopinathan, Investor Relations Lead, IAMGOLD Corporation
Tel: (416) 360-4743 Mobile: (416) 388-6883

Martin Dumont, Senior Analyst Investor Relations, IAMGOLD Corporation
Tel: (416) 933-5783 Mobile: (647) 967-9942

IAMGOLD Corporation Toll-free: 1 888 464-9999 info@iamgold.com

Please note:

This entire news release may be accessed via fax, e-mail, IAMGOLD’s website at http://www.iamgold.com and through Newsfile’s website at www.newsfilecorp.com. All material information on IAMGOLD can be found at or www.sedar.com at www.sec.gov.

Si vous désirez obtenir la version française de ce communiqué, veuillez consulter le http://www.iamgold.com/French/accueil/default.aspx.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44872

Aurania Develops New Copper-Silver Exploration Concept

Toronto, Ontario–(Newsfile Corp. – May 17, 2019) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces that the Company has reassessed the exploration model for the discovered copper-silver mineralization on the Lost Cities-Cutucu Project (“Project”) in Ecuador in light of new observations from the field.

The sedimentary-hosted copper-silver mineralization found to date by Aurania is regional in nature and stratigraphically confined to key horizons of carbon-bearing sediments that have been verified in outcrop to extend for a minimum of 22 km (open along strike) across the Project area. There are few geological models that could account for this already very significant lateral extent.

Aurania’s Chairman and CEO, Dr. Keith Barron commented, “In October of last year our geologists, tasked to carrying out rather routine stream sediment collection, started to bring an extraordinary array of copper-mineralized large boulders and slabs in from the jungle. Some of these samples were covered in vivid green chrysocolla and malachite, with azurite, cuprite and even native copper as well as more drab chalcocite and tenorite. At first, we treated these as a curiosity, and believed they were related to the supergene weathering of nearby porphyries. However, the copper minerals were hosted exclusively in well-bedded siltstone, mudstone, sandstone and shale, particularly in pieces showing abundant carbonaceous plant fragments, and not in porphyry.”

“Our geologists, together with our President, Dr. Richard Spencer, traced these boulders back to outcrops, over what is now a strike length of 22 km. The copper mineralization appears to lie above a red-bed sequence of quartzose sediments in an overlying sequence of black shale with abundant carbonaceous plant trash (Figure 1). The setting is strongly reminiscent of the mineralized zones in the Kupferschiefer (“copper shale”), currently mined by KGHM in Poland.”

Exploration Concept

The general model for mineralization in the Kupferschiefer and the Central African Copperbelt of Zambia and the Democratic Republic of the Congo is that copper leached from the sedimentary basin remains in solution because of the oxidised state of the red sandstones (“red-beds”). Saline fluids from salt layers or domes within these sedimentary basins increase the solubility of copper, which forms stable, soluble copper-chloride complexes. Numerous salt domes are associated with the Jurassic red-beds in southeastern Ecuador. Salt is currently produced from two small artisanal operations on the Project. When these basins are reactivated, the saline, copper-bearing fluids flow along the layering of the rock sequence to the faults, which constitute barriers to the fluids, and the fluids tend to rise along these permeability barriers. Where the fluids come into contact with reduced sedimentary layers, such as carbon-bearing black shale or limestone, the copper precipitates.

The Jurassic basin in southeastern Ecuador has an additional positive component: magnetic data from the geophysics survey that Aurania flew over its Lost Cities – Cutucu Project in southeastern Ecuador identified a number of magnetic centres that are interpreted as porphyries or porphyry clusters. If this interpretation is correct, the porphyries represent an additional significant source of copper potentially injected into the red-bed sequence, that would have augmented the copper content of the basin. The porphyries would be related to a late Jurassic island arc superimposed on the mid-Jurassic rift basin in which the red-beds accumulated.

To date, copper-silver mineralization has been found both in float boulders and in outcrop on the surface. No drilling has yet been performed in the area and the third dimension is unknown. A working hypothesis is that the mineralization is localized by an anticlinal fold axis which lies centrally within the Cordillera. With the exception of a single sample of bornite-chalcopyrite, interpreted as hypogene mineralization, all samples have been oxidized, and would probably be amenable to SX-EW (solvent-extraction electrowinning) processing, without the need for production of a sulphide concentrate.

Epithermal gold-silver targets and search for the “Lost Cities”

It is not the intention of the Company to abandon its original exploration ideas in favour of sedimentary copper and silver exploration. Aurania has currently carried out stream-sediment reconnaissance on circa 40% of the 208,000-hectare Project area and intends to continue this work which so far has been very productive. First-pass scout diamond drilling on Crunchy Hill has been completed and we expect to have assays back from the lab in the coming weeks. The drill will be moved to the Yawi target in the near future.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2477/44864_fbab00c1c425b81f_001.jpg

Figure 1. Mineralized hand sample from the Ecuador Project of shale with prominent carbonized plant stem and leaf fragments. This sample assayed 6.37% copper and 48.04 g/t silver.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2477/44864_fbab00c1c425b81f_001full.jpg

Qualified Person

The technical information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania

Aurania is a junior mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
Manager – Investor Services
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
richard.spencer@aurania.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44864

EMX Royalty Announces First Quarter 2019 Results

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2019) – EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) (the “Company” or “EMX”) is pleased to report results for the quarter ended March 31, 2019. The Company’s filings for the quarter are available on SEDAR at www.sedar.com, on the U.S. Securities and Exchange Commission’s website at www.sec.gov and on EMX’s website at www.EMXroyalty.com. Financial results were prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board, and are expressed in Canadian dollars unless otherwise stated.

HIGHLIGHTS FOR Q1 2019

Financial Update

  • EMX had revenue of $1.4 million, loss from operations of $1 million, and after-tax loss of $2.8 million. Revenue includes royalty income, optioned property and other property income, interest, and gains on sales of properties and marketable securities. Other items affecting financial results in Q1 include $0.3 million in depletion costs, and a foreign exchange loss of $1.8 million.
  • Royalty generation costs totaled $1.1 million, which is net of recoveries from partners totaling $0.8 million. In addition, partners incurred exploration expenditures totaling approximately $3.6 million that did not flow through to the Company’s financial statements.
  • General and administrative expenses totaled $1.1 million, which includes $0.4 million in salaries and consultants, $0.2 million in administrative costs, and $0.2 million in investor relations cost.
  • Total cash used in operations excluding changes in non-cash working capital was $1.9 million1.
  • Working capital at March 31, 2019 was $85 million, with cash comprising $78 million. Subsequent to the quarter end, a cash payment of $2.7 million related to IG Copper’s 2018 sale of Malmyzh was released from escrow and received.

Operational Update

  • EMX’s royalty and mineral property portfolio totals over 95 projects on five continents.
  • In North America, EMX received approximately $323 thousand in revenue from the sale of 188 gold ounces from the Leeville royalty property in Nevada. EMX also continued to have partners (e.g., Kennecott Exploration Company, Anglo American Exploration (USA) Inc. and South32 USA Exploration Inc.) advance copper exploration programs in the southwestern U.S., incurring approximately $2.6 million in exploration expenditures. As a subsequent event, EMX made a $1.0 million strategic equity investment in Millrock Resources Inc. (“Millrock”) and acquired a significant royalty package in Alaska’s Goodpaster District which hosts the Pogo high grade gold mine.
  • In Scandinavia, the Company sold or optioned 11 projects to three different junior exploration companies during and subsequent to the quarter. The deals involved receiving share equity, advance royalty payments, and 3% NSR royalty interests in the projects. Boreal Metals Corp. (“Boreal”) continued to advance the Gumsberg royalty property in Sweden and the Burfjord royalty property in Norway.
  • In Turkey, a 23,900 meter drill program was completed on the Bayla zinc-lead-silver royalty property and the operator of the Akarca gold royalty property is seeking additional drill permits to further assess the project prior to making a development decision.
  • In Australia, EMX has elected to advance the Kimberley copper project as a 100% controlled property after terminating the purchase agreement with Enfield Exploration Corporation. The operator of the Koonenberry royalty property advanced the project with drilling and geochemical sampling.

OUTLOOK

The Company has a strong balance sheet to further develop its pipeline of royalty and royalty generation mineral properties. The Company ended Q1 with working capital of $85 million, including $78 million in cash. EMX intends to continue its organic generation of new royalty properties, while selectively acquiring royalties and making strategic investments. A recent example that combines both royalty acquisition and strategic investment is the Millrock private placement, which provided share equity to EMX as well as royalty interests in an under-explored, high grade gold district.

EMX is optimistic about the potential growth in revenue that may come from our Turkish portfolio (Balya, Akarca, and Sisorta), as well as the significant potential of our Timok Project royalties in Serbia, where the Upper Zone high grade copper-gold development project is scheduled to commence production in 2022.

EMX continues to see strong industry interest in the Company’s royalty generation properties. More than $20 million is expected to be spent by partners advancing EMX’s portfolio during 2019. A majority of this work will be conducted in the southwestern U.S., Sweden and Norway.

The Company’s goal is to grow its royalty generation, royalty acquisition, and strategic investment portfolio with positive cash flow, as was realized in 2018 with the Malmyzh sale. Revenue from royalties, advance royalties and other pre-production cash payments has been increasing over time. Continuing into 2019, EMX is well funded to identify new strategic investment opportunities, while further developing a pipeline of quality royalty and royalty generation mineral properties that provide multiple opportunities for exploration and production success.

QUALIFIED PERSONS

Dean D. Turner, CPG, a Qualified Person as defined by NI 43-101 and consultant to the Company, has reviewed, verified and approved the above technical disclosure on North America.

Eric P. Jensen, CPG, a Qualified Person as defined by NI 43-101 and employee of the Company, has reviewed, verified and approved the above technical disclosure on Turkey, Scandinavia, Serbia, and Australia.

1 EMX has included a performance measure in this news release that does not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”). The Company has used the non-IFRS measure of operating cash flows excluding changes in non-cash working capital. This measure is calculated by adding back the decrease or subtracting the increase in changes in non-cash working capital to or from cash provided by (used in) operating activities. The presentation of this non-IFRS measure is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. Note these figures have not been audited and are subject to change.

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 the risks inherent to operating companies. The Company’s common shares are listed on the TSX Venture Exchange and the NYSE American Exchange under the symbol EMX. Please see www.EMXroyalty.com for more information.

-30-

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Email: Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
Email:SClose@EMXroyalty.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain “forward looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended March 31, 2019 (the “MD&A”), and the most recently filed Form 20-F for the year ended December 31, 2018, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the 20-F and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44865