UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2015
Commission File Number: 001-35404
EURASIAN MINERALS INC.
(Translation of registrants name into English)
Suite 501 543 Granville Street
Vancouver,
British Columbia V6C 1X8
Canada
(Address of principal
executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
[ ] Form 20-F [X]
Form 40-F
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
Exhibits:
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
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EURASIAN MINERALS INC. |
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(Registrant) |
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Date: December 23, 2015 |
By: |
/s/ Marjorie Winslow |
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Name: |
Marjorie Winslow |
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Title: |
Corporate Administrator |
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Eurasian Minerals Inc. |
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NEWS RELEASE |
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Eurasian Minerals Reports Initial Shipment
from |
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the Balya Lead-Zinc-Silver Royalty
Property in Turkey |
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Vancouver, British Columbia, December 23, 2015 (TSX Venture:
EMX; NYSE MKT: EMXX) -- Eurasian Minerals Inc. (the Company or
EMX) is pleased to announce it has been advised of the initial shipment of
material for processing from the Balya lead-zinc-silver royalty property by
owner and operator Dedeman Balya Kursun Cinko Isletmeleri A.S. EMX retains an
uncapped 4% net smelter return royalty on the Balya property, which is located
in the historic Balya mining district of northwestern Turkey. The Dedeman group
(collectively "Dedeman") includes privately-held Turkish mining companies with
active operations that produce lead, zinc, silver, and chromite.
Discussion of Hastanetepe Production. Since acquiring
the Balya property from EMX, Dedeman has built asset value for the property
through drilling and initial development of the Hastanetepe lead-zinc-silver
deposit. Hastanetepe is a moderately dipping, 750 by 450 meter zone that extends
from depths of 10-20 meters to 200-300 meters as multiple stacked horizons of
lead-zinc-silver mineralization primarily developed along contacts between
limestone and dacitic intrusions. Mineralization remains open for expansion in
multiple directions. Please see the attached map for more information.
Dedeman's development work has concentrated on an area of
shallow, high grade mineralization on the northeast margin of Hastanetepe, with
a production shaft and two working levels at 45 and 75 meters below the surface.
Dedeman advises that they have produced and stockpiled about 6,000 tonnes of
run-of-mine material in 2015. The stockpiles have been segregated according to
combined lead and zinc mineralization (exclusive of by-product silver credits)
as "high grade" (> 15% Pb+Zn), "medium grade" (8-15% Pb+Zn), and "low grade"
(< 8% Pb+Zn) material. The first shipment of approximately 500 tonnes of high
grade material and 3,700 tonnes of medium grade material have been shipped to
Dedeman's mill at Kayseri for processing.
Balya Overview. The Balya property is covered by one
exploitation license. Since originally acquiring the property from EMX in 2006,
Dedeman has conducted over 36,000 meters of diamond drilling in addition to the
recent underground development. Drilling conducted during preparation for
initial shaft sinking in 2013 encountered a zone of high grade lead-zinc-silver
mineralization, including an intercept of 7.9 meters (49.0 -56.9 m) averaging
15.42% lead, 12.33% zinc, and 219.9 g/t silver in hole DB-74 (true width
interpreted as 70% of reported interval length). Based upon the encouraging
drill results, Dedeman adjusted the location of the shaft and put the current
mine plan into production earlier in 2015.
In addition to the Hastanetepe Zone, Dedeman's earlier drilling
identified lead-zinc-silver mineralization in the "Southern Zone" adjacent to
the Esan Eczac ba Endustriyel Hammaddeler Sanyai ve Tic. A.S. (Esan)
underground mining complex. The Southern Zone highlights the upside exploration
potential of the Balya property, as well as the possible synergies that could be
realized with Esan's nearby processing facilities.
Comments on Sampling, Assaying, QA/QC, and Adjacent
Properties. Dedeman's drill samples were collected in accordance with
industry standard best practices. The samples were submitted to ALS Chemex
laboratories in Izmir, Turkey for sample preparation, and Vancouver, Canada (ISO
9001:2000 and 17025:2005 accredited) for analysis. Silver and base metal
analyses were determined by four acid digestion and ICP MS/AES techniques. Over
limit analyses for lead (Pb > 20%) and zinc (Zn > 30%) are performed by
volumetric titration techniques. Dedeman performs routine QA/QC analyses on
their assay results, including the utilization of certified reference materials,
blanks, and duplicate samples.
Suite 501 543 Granville
Street, Vancouver, British Columbia V6C 1X8, Canada
Tel: (604) 688-6390 Fax:
(604) 688-1157
www.EurasianMinerals.com
-2-
EMX's review of Dedeman's Balya underground mining operation
was based upon field assessments, check sampling, and a report produced by DAMA
Muhendislik Proje ve Maden San. Tic. A.S., an internationally recognized
engineering company based in Ankara, Turkey.
Esan's project in the district provides context for EMX's Balya
royalty property, which occurs in a similar geologic setting. However, this is
not necessarily indicative that Balya hosts mineralization with similar tonnages
or grades.
About EMX. Eurasian is a global gold and copper
exploration company utilizing a partnership business model to explore the
world's most promising and underexplored mineral belts. Eurasian generates
wealth via grassroots prospect generation, strategic acquisition and royalty
growth. Please see www.eurasianminerals.com for more information.
Mr. Michael P. Sheehan, CPG, a Qualified Person as defined by
National Instrument 43-101 and employee of the Company, has reviewed, verified
and approved the disclosure of the technical information contained in this news
release.
-30-
David M. Cole |
Scott Close |
President and Chief Executive Officer |
Director of Investor Relations |
Phone: (303) 979-6666 |
Phone: (303) 973-8585 |
Email: Dave@EurasianMinerals.com |
Email: SClose@EurasianMinerals.com
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Website: www.EurasianMinerals.com |
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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 Companys 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 Companys future operational or financial
performance, and are subject to risks and uncertainties and other factors
that could cause Eurasians 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 Companys MD&A for the nine-month period ended September 30, 2015
(the MD&A) and most recently filed Annual
Information Form for the year ended December 31, 2014 (the
AIF) and Form 20-F for the year ended December 31,
2014, actual events may differ materially from current expectations. More
information about the Company, including the MD&A, the AIF, financial
statements and Form 20-F of the Company, is available on SEDAR at
www.sedar.com and on the SECs EDGAR website at
www.sec.gov.
Suite 501 543 Granville
Street, Vancouver, British Columbia V6C 1X8, Canada
Tel: (604) 688-6390 Fax:
(604) 688-1157
www.EurasianMinerals.com
-3-
Suite 501 543 Granville
Street, Vancouver, British Columbia V6C 1X8, Canada
Tel: (604) 688-6390 Fax:
(604) 688-1157
www.EurasianMinerals.com
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