Premier Reports Q1 2019 Operating Results
August 13, 2019
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.
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|
|T: +44 (0)203 983 7040|
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