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 November, 2014
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: November 13, 2014 |
By: |
/s/ Valerie Barlow |
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Name: |
Valerie Barlow |
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Title: |
Corporate Secretary |
Eurasian Minerals Inc.
NEWS RELEASE
Eurasian Minerals Executes Definitive Agreement
for the Neavesville Gold-Silver Project, New Zealand
Vancouver, British Columbia, November 13, 2014 (TSX Venture:
EMX; NYSE MKT: EMXX) -- Eurasian Minerals Inc. (the Company or EMX) is
pleased to announce the execution of a definitive agreement with Land &
Mineral Limited (L&M), a privately-held Australian company, giving L&M
the right to acquire Hauraki Gold Ltd. (Hauraki), the wholly-owned EMX
subsidiary that controls the Neavesville gold-silver property (the Property)
located in the Hauraki goldfield of New Zealands North Island. Hauraki has also
entered into a Joint Venture Agreement and Access Agreement with the Pakirarahi
1B Trust, who control surface rights across a majority of the project area.
Commercial Terms Overview. The agreement with L&M
provides for staged payments and work obligations as summarized below:
1) |
Reimbursement of C$100,000 of EMXs exploration costs
(required); |
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2) |
Payment of 75 troy ounces of gold1 by the
second anniversary of the agreement date; |
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3) |
Payment of 600 troy ounces of gold1 within 30
days of the third anniversary of the agreement date; |
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4) |
A total of 3,000 meters of drilling during the first
three years after the agreement date; |
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5) |
Further payments (Further Payments) at the rate of 100
troy ounces of gold1 per annum beginning with the third
anniversary of the agreement until commencement of commercial production,
which payments may be credited against the Deferred Consideration as set
forth below; |
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6) |
Agreement to pay amounts (Deferred Consideration)
equivalent to 3% of net smelter returns from production from the
exploration licenses; in any given year, Further Payments made prior to
production may be credited against up to 80% of the Deferred Consideration
payable in that year; |
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7) |
Beginning with a decision to construct a mine based on a
JORC (2012) feasibility level Technical Report that supports a positive
production decision, payment of 0.01 troy ounce of gold for each of the
first 500,000 ounces of contained gold in proven and probable (P&P)
reserves1. For any contained ounces of gold in P&P reserves
that exceed 500,000 ounces over the life of the project, the gold payment
to EMX will be reduced to 0.005 troy ounces of gold per contained
ounce. |
1 |
Gold payments may also be made in equivalent US dollars
at the then spot price of gold the mode of payment to be at L&Ms
election. |
Failure to make the gold payments described in 2) and 3) above
or to perform the drilling described in 3) above will entitle EMX to retake
possession of Hauraki or the permit covering the Property, at EMXs option.
The Joint Venture Agreement with the Pakirarahi 1B Trust
provides a mechanism for equity participation in the project by a local
indigenous community. The Deferred Consideration payable to EMX is not reduced
by the interest of the Trust under the Joint Venture Agreement.
Suite 501 543 Granville Street, Vancouver, British
Columbia, Canada V6C 1X8
Tel: (604) 688-6390 Fax: (604) 688-1157
www.EurasianMinerals.com
Neavesville Property Overview. The Neavesville Property
consists of a single exploration permit totaling over 30 square kilometers that
covers multiple centers of epithermal gold-silver mineralization. One of the
mineralized centers, named Trig Bluffs, has a historic near-surface inferred
resource reported as 3.2 million tonnes averaging 2.7 g/t gold and 8.9 g/t
silver, and containing 289,000 ounces of gold and 944,000 ounces of silver (R.
Brathwaite, IGNS report, 1999; 2001). In addition, a separate higher-grade
historic inferred mineral resource of approximately 0.47 million tonnes at 7.1
g/t gold and 20.7 g/t silver, and containing 107,000 ounces of gold and 312,000
ounces of silver, was reported for mineralization at depth beneath Trig Bluffs.
A Qualified Person has not performed sufficient work to classify the historic
estimates as current mineral resources, and EMX is not treating the estimates as
current mineral resources. The historic estimates should not be relied upon
until they can be confirmed. However, the drill-delineated Trig Bluffs
gold-silver mineralization described by the IGNS report is considered relevant
(see EMX news release dated November 19, 2012 for more information).
The district also saw historic commercial production from the
high-grade Ajax Vein system, the single largest producing historic mine in the
Neavesville camp, which lies within the Pakirarahi 1B Trust land and will be the
initial target of an upcoming exploration program. The vein has not been
explored in recent decades, and only two modern holes have been drilled in the
vicinity of the mine workings, both of which intersected mineralization, with
one drilled through a stoped cavity.
About EMX. Eurasian Minerals leverages asset ownership
and exploration insight into partnerships that advance our mineral properties,
with EMX retaining royalty interests. EMX complements its generative business
with strategic investment and third party royalty acquisition.
EMX acquired the Neavesville exploration permit by direct
acquisition from the government, and with minimal cost. The sale of a property
covering a historic gold-silver resource reported under JORC standards in a key
mining district serves as another example of the Companys execution of the
royalty and prospect generation business model.
Please see www.EurasianMinerals.com for more information.
Mr. Chris Spurway, MAIG, MAusIMM, 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.
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For further information contact: |
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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 |
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 Company's
current expectations and projections about its future results. When used in this
news release, words such as "estimate," "intend," "expect," "anticipate," "will"
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 Eurasian'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.
Suite 501 543 Granville Street, Vancouver, British
Columbia, Canada V6C 1X8
Tel: (604) 688-6390 Fax: (604) 688-1157
www.EurasianMinerals.com
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 six-month period ended June 30, 2014 (the "MD&A")
and most recently filed Annual Information Form for the year ended period ended
December 31, 2013 (the "AIF"), actual events may differ materially from current
expectations. More information about the Company, including the MD&A, the
AIF 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.
Suite 501 543 Granville Street, Vancouver, British
Columbia, Canada V6C 1X8
Tel: (604) 688-6390 Fax: (604) 688-1157
www.EurasianMinerals.com
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