VANCOUVER, Dec. 28, 2016 /PRNewswire/ - Sandstorm Gold Ltd.
("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is
pleased to provide an update regarding activity under its normal
course issuer bid ("NCIB") as well as exploration and development
progress at a number of assets underlying the Company's streams and
royalties.
NORMAL COURSE ISSUER BID
Sandstorm previously announced a NCIB (see press release dated
March 30, 2016), providing the
Company with the option to purchase its common shares when
management believes that the common shares are undervalued by the
market. The fourth quarter of 2016 has seen significant declines in
the price of gold, impacting Sandstorm's share price and market
valuation. As a result, the Company has recently purchased some of
its common shares. Since December 15,
2016, the Company has purchased 545,977 common shares at a
weighted average price of C$4.56 per
common share.
Under the NCIB rules of the Toronto Stock Exchange, daily
purchases cannot exceed 49,211 common shares subject to the
Company's ability to make block purchases.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy securities in the United States, no shall there be any sale
of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
ANFIELD PROVIDES PROGRESS
UPDATE ON THE CORINGA PROJECT
Since completing the acquisition of Magellan Minerals Ltd.,
Anfield Gold Corp. ("Anfield") has made substantial progress at the
Coringa gold project in Para State, Brazil ("Coringa") and is targeting production
in late 2017.
The development work required to advance the project includes a
20,000-metre infill drilling program, engineering work to complete
a NI 43-101 feasibility study incorporating the Andorinhas plant,
disassembly, relocation and reassembly of the Andorinhas plant to
the Coringa site and permitting.
Anfield has completed 11,281
metres of a 20,000-metre infill drilling program and 1,000 drill
samples have been sent for assay. The results of the infill
drilling program will be used to update the feasibility study
resource model, mine design and schedule. Feasibility level design
of the Coringa CIL plant incorporating the Andorinhas CIP plant is
complete and the balance of geology, engineering, environmental and
social studies supporting the feasibility study are ongoing. The
study is expected to be completed in the second quarter of 2017.
Final engineering design to support the Coringa plant construction
has been initiated.
Anfield has assembled a
Brazil-based operating team and
several key management members and operations staff previously
operated the Andorinhas plant. Over 75% of the Andorinhas plant and
mining equipment has been disassembled and shipped to the Coringa
site and reassembly of the plant will begin once detailed
engineering is complete and the required permits are obtained.
Permitting efforts are ongoing to obtain the mining concession
license and related operating licenses for the Coringa project.
These will allow for the planned full scale production rate of 750
tonnes of mineralized material per day. Full scale production
permitting will be a primary focus of the company in 2017.
For more information visit the Anfield website at www.anfieldgold.com
and see the press release dated November 3,
2016.
Sandstorm holds a 2.5% net smelter returns ("NSR") royalty on
the Coringa project.
MARIANA REPORTS FURTHER HIGH GRADE INTERCEPTS FROM INFILL AND
EXTENSION DRILLING AT HOT MADEN, BEGINS DRILLING AT ERGAMA
Mariana Resources Limited ("Mariana") continues to report high
grade gold-copper intercepts from ongoing diamond drilling at the
Hot Maden project in north east Turkey ("Hot Maden"), confirming the internal
continuity of gold-copper mineralisation within the Main Zone
resource area.
The recent infill drilling forms part of a program designed to
reduce drill hole spacings to 25 metres by 25 metres and to provide
both detailed geotechnical data and metallurgical samples for mine
development studies. Highlights from the drill results include:
- HTD-71: 69.6 metres @ 62.7 g/t gold and 2.68% copper
from 210 metres downhole including:
- 7 metres @ 526 g/t gold and 3.28% copper (210m – 217 m)
- 14 metres @ 27.7 g/t gold and 3.38% copper (217m – 231 m)
- 48.6 metres @ 1.7 g/t gold and 2.39% copper (231m – 279.6
m)
- HTD-70: 63 metres @ 8.3 g/t gold and 1.65% copper from
218 metres downhole including:
- 5 metres @ 35.6 g/t gold and 1.46% copper from 225 metres
downhole.
- HTD-72: 34.5 metres @ 19.4 g/t gold and 1.31% copper
from 180.5 metres downhole including:
- 3.0 metres @ 54.4 g/t gold and 1.30% copper from 192 metres
downhole.
- HTD-82: 31 metres @ 17.0 g/t gold and 1.70% copper from
266 metres downhole and 37.5 metres @ 2.1 g/t gold and 1.49% copper
from 317 metres downhole.
- HTD-78: 79.0 metres @ 14.3 g/t gold and 1.59% copper
from 294 metres downhole including:
- 18.0 metres @ 55.1 g/t gold and 1.58% copper from 296 metres
downhole.
- HTD-77: 90 metres @ 22.6 g/t gold and 4.39% copper from
96 metres downhole including:
- 11 metres @ 30.9 g/t gold and 6.30% copper from 99 metres
downhole.
- HTD-75: 62 metres @ 11.7 g/t gold and 1.43% copper from
276 metres downhole including:
- 2.0 metres @ 250 g/t gold and 6.50% copper from 282 metres
downhole; and
- 44.0 metres @ 1.05 g/t gold and 1.46% copper from 334 metres
downhole.
The potential for the discovery of a deep (>250 metres),
possibly fault offset block of Main Zone-type mineralisation
beneath the "Ridge" area (southern limit of the Main Zone resource)
has increased with the successful intersection of high grade gold
and copper mineralisation at depth in three holes. Assay results
include:
- HTD-69: 7 metres @ 19.7 g/t gold and 2.1% copper from
351 metres downhole.
- HTD-76: 33 metres @ 1.4 g/t gold and 0.99% copper from
357 metres downhole, and 11 metres @ 6.1 g/t gold and 0.97% copper
from 443 metres downhole.
- HTD-80: 4.5 metres @ 16.3 g/t gold and 1.90% copper from
177.5 metres downhole and 5.0 metres @ 8.4 g/t gold and 1.30%
copper from 194.0 metres downhole.
The Hot Maden Preliminary Economic Assessment is in the process
of being finalized with an anticipated completion date expected
early in the New Year.
In addition to its exploration work at Hot Maden, Mariana
recently announced that it has commenced an initial 7-hole diamond
drill program at the Ergama copper-gold project in western
Turkey ("Ergama"). The drilling is
expected to be completed in early January
2017 with assay results expected before the end of the first
quarter of 2017. The main targets to be tested include
near-surface, porphyry-style copper-gold mineralisation within the
central portion of the Ergama claim block, in addition to
peripheral high grade vein/fault hosted gold-silver
mineralisation.
For more information and complete drill results and Mineral
Resource details visit the Mariana Resources website at
www.marianaresources.com and see the press release dated
October 26, 2016, November 29, 2016 and December 20, 2016.
Sandstorm holds a 2.0% NSR royalty on the Hot Maden and Ergama
projects.
ERDENE CONTINUES TO EXPAND HIGH-GRADE ZONES AT BAYAN KHUNDII,
RELEASES DRILL RESULTS AT ALTAN NAR
Erdene Resource Development Corp. ("Erdene") has released a
number of drill results from its Q3/Q4 2016 drill campaign at the
Bayan Khundii gold project in southwest Mongolia ("Bayan Khundii"). Gold
mineralization at Bayan Khundii has been identified over a 1.7
kilometre trend, with detailed exploration taking place over a 500
metre by 350 metre zone in the southwest portion of the prospect
area, where Erdene's drill programs have focused. Results include
several high-grade intersections within a series of parallel
structures.
As of November 28, 2016, 87
diamond drill holes totaling 9,784 metres had been drilled at Bayan
Khundii and the most recent results released in November (BKD-62 to
BKD-87) continued to expand the boundaries of gold mineralization,
with several high-grade gold intersections over wide intervals.
Multiple gold-bearing structures are now being defined at Bayan
Khundii, including Striker Zone, the most extensively explored
zone.
Deep Striker
Drilling along the southern boundary of
the Striker Zone, targeting extensions at depth, returned the
highest grade gold intercept reported to date with 65 metres of 6.3
g/t gold (71m-136m) including 37 metres of 11 g/t gold (76m-113m,
BKD-77).
Striker North
As part of Erdene's Striker Zone
expansion program, drilling has further defined a new gold zone
north of Striker with 6 metres of 9.0 g/t gold (54m-60m, BKD-63)
and 19 metres of 1.6 g/t gold (25m-40m, BKD-65). The latest three
holes testing the northern extension ended in gold mineralization
and included 18 metres of 7.1 g/t gold (BKD-86).
Striker Main
The Striker Main drilling continues to
provide impressive intersections with good continuity and high
grades over broad intervals including 56 metres of 2.1 g/t gold
(44m-100m, BKD-74), including 3 metres of 22.7 g/t gold
(68m-71m); 71 metres of 1.1 g/t gold (29m-100,BKD-73) and 21
metres of 8.3 g/t gold (61m-82m), within 36.7 metres of 5.0
g/t gold (46m-82.7m, BKD-84).
Step-Out Drilling
On November
25, 2016, Erdene mobilized a drill rig to test a target area
approximately 200 metres north of the Striker Zone, surrounding the
successful step-out hole BKD-60 which intercepted 123m @ 1.23 g/t
gold (20m-143m). Results from a series of drill holes in this area
are anticipated to be reported early in Q1-2017.
A summary of the drill results for holes BKD-01 to BKD-60 can be
found in table 1 below.
Results Summary for Holes BKD-01 to BKD-60
|
|
|
|
|
|
Results
Reported
|
Drill Hole
|
From (m)
|
To (m)
|
Interval
(m)
|
Gold (g/t)
|
Dec. 9,
2015
|
BKD-01
|
14
|
21
|
7
|
27.5
|
Dec. 14,
2015
|
BKD-09
incl
|
33
34
|
59
49
|
26
15
|
5.9
16.2
|
Dec. 14,
2015
|
BKD-10
incl
|
0
11
|
35
23
|
35
12
|
5.70
16.2
|
May 9,
2016
|
BKD-17
incl
incl
|
50
54
82
|
113
69
95
|
63
15
13
|
5.31
11.5
11.3
|
May 24,
2016
|
BKD-28
|
42
|
120
|
78
|
1.00
|
June 14,
2016
|
BKD-34
|
76
|
142
|
66
|
1.01
|
June 22,
2016
|
BKD-44
|
0.7
|
9
|
8.3
|
14.2
|
Oct. 4,
2016
|
BKD-46
incl
and
|
2.3
8
100
|
19
15
108
|
16.7
7
8
|
4.65
10.2
5.61
|
Oct. 4,
2016
|
BKD-49
incl
|
45
74
|
116
98
|
71
24
|
3.06
7.52
|
Oct. 4,
2016
|
BKD-51
incl
incl
|
0
76
100
|
112
106
103
|
112
30
3
|
1.17
3.23
19.8
|
Oct. 18,
2016
|
BKD-57
incl
incl
|
36
62
66
|
126
93
73
|
90
31
7
|
2.51
6.80
26.0
|
Oct. 18,
2016
|
BKD-60
incl
incl
|
20
24
29
|
143
92
59
|
123
68
30
|
1.32
1.96
2.98
|
Altan Nar
In addition to the exploration program at
Bayan Khundii, Erdene recently tested a target at the Altan Nar
gold-polymetallic project, 19 kilometres to the northwest of Bayan
Khundii. Hole TND-101 intersected 110
metres of 9.3 g/t gold, 32 g/t silver and 1.4% combined
lead-zinc (32m-142m) including 14 metres of 55.6 g/t gold, 131
g/t silver and 5.65% combined lead-zinc (96m-110m), and 5 metres of
24.8 g/t gold, 49.8 g/t silver and 3.48% combined lead-zinc
(73m-78m).
Altan Nar is considered to be a carbonate-base metals gold
deposit, a style of deposit that includes the most prolific gold
producers in the southwest Pacific rim and includes well-known
deposits such as Porgera (Papua New
Guinea) and Kelian (Indonesia).
For more information and complete drill results visit the Erdene
website at www.erdene.com and see the press releases dated
November 17, 2016, November 28, 2016, and December 19, 2016.
Sandstorm holds a 2% NSR royalty on Erdene's Bayan Khundii and
Altan Nar projects. The Company also owns 5 million shares of
Erdene, at an average cost of $0.20.
OSISKO INCREASES DRILL PROGRAM AT WINDFALL BY 250,000
METRES
Osisko Mining Inc. ("Osisko") has announced that it is
increasing the scale on the ongoing drill program at the Windfall
Lake gold project located in Québec, Canada. Since late October 2015, Osisko has drilled approximately
115,000 metres as part of an originally announced 50,000 metre
program (expanded twice to the current 150,000 metre drilling
campaign) on the Windfall Lake gold deposit and surrounding
exploration targets. Exploration success in the initial 150,000
metre program has included:
- an upgraded geological interpretation of the Windfall deposit
which is leading to a significantly expanded and still growing
footprint for the previously known area of mineralization;
- the discovery of several significant new zones of
mineralization including Wolf Zone
and the recently announced new shallow high-grade zone known as the
Lynx Zone, discovered on the 600 metre extension fence);
- the recently announced 600 metre NE extension of the main
corridors of mineralization (Caribou, Zone 27, Wolf and Underdog);
and
- two new discoveries in the surrounding area (Fox and Black
Dog).
Recently reported drill results include:
Fox
- 27.6 g/t gold over 3.1 metres (406.0m-409.1m, DDH
OSK-U-16-734);
- 8.04 g/t gold over 3 metres (65.5m-68.5m, DDH OSK-U-16-732);
and
- 6.78 g/t gold over 2.0 metres (DDH OSK-U-16-731)
(229.0m-229.8m).
Windfall Extension
- 65.0 g/t gold over 5.7 metres (226.3m-232.0m, DDH OSK-W-16-760)
including;
- 76 g/t gold over 3.5 metres (226.3m-229.8m); and
- 100 g/t gold over 0.8 metres (229.0m-229.8m).
Underdog
- 34.4 g/t gold over 5.7 metres uncut (260m-265.7m, DDH
OSK-W-16-720);
- 13.8 g/t gold over 6.6 metres (1135.5m-1142.1m, DDH
OSK-W-16-708-W2);
- 7.57 g/t gold over 7.70 metres (944.8m-952.5m, DDH
OSK-W-16-706-W3);
- 11.8 g/t gold over 4.6 metres (539.2m-543.8m, DDH
OSK-W-16-309-W3);
- 25.1 g/t gold over 2.0 metres and 15.5 g/t gold over 2.9 metres
(797m-799m, DDH OSK-W-16-704-W1); and
- 13.0 g/t gold over 2.0 metres (918.8m-921.0m, DDH
OSK-W-16-311-W2).
The new 250,000 metres of drilling will assist Osisko in further
exploring and defining the known mineralization within the main
deposit area and the recently discovered NE extension area.
Osisko's objective is to maximize the level of information to be
included in an anticipated initial 2017 resource update.
For more information and complete drill results visit the Osisko
website at www.osiskomining.com and see press releases dated
October 12, 2016, October 25, 2016, November
23, 2016, December 5, 2016,
December 19, 2016.
Sandstorm holds a 0.5% and a 1% NSR royalty on portions of the
Windfall Lake property.
ENTRÉE GOLD DISCUSSES TURQUOISE HILL RELEASE OF OYU TOLGOI
EXPANSION PEA
Entrée Gold Inc. ("Entrée") announced the filing of an updated
technical report ("2016 OTTR") relating to the Oyu Tolgoi
copper-gold project in Mongolia.
Turquoise Hill Resources Ltd. ("Turquoise Hill") filed the report
under National Instrument 43-101 - Standards of Disclosure for
Mineral Projects.
In addition to updating the Reserve Case on the open pit and
Hugo North (including Hugo North
Extension) Lift 1 block cave, 2016 OTTR includes Preliminary
Economic Assessments of potential later phases of the Oyu Tolgoi
deposits utilizing four Alternative Production Cases. Two of these
deposits, Hugo North (including Hugo
North Extension) Lift 2 and Heruga include Entrée/Oyu Tolgoi LLC
joint venture resources. The Alternative Production Cases take
advantage of productivity improvements in plant throughput that
have begun to be recognized in the process plant and evaluate plant
capacity expansions as high as 120 million tonnes per annum.
Variations in operating and capital costs are also evaluated.
Sandstorm has a stream agreement to purchase 5.62% of the gold,
4.26% of the silver and 0.42% of the copper from the Oyu Tolgoi
project deposits - the Hugo North Extension copper-gold deposit and
the Heruga copper-gold-molybdenum deposit. These deposits are the
northern-most and southern-most, respectively, in the 12
kilometre-long Oyu Tolgoi series of deposits. The resources at Hugo
North Extension include a Probable reserve, which is included in
Lift 1 of the underground mine development.
On November 3, 2016, Turquoise
Hill announced that work had begun for Shaft 5 sinking and the
convey-to-surface box cut excavation, while construction of
critical on-site facilities continued. Oyu Tolgoi recently signed
an additional underground mining and support services contract with
Dayan Contract Mining for the sinking of Shafts 2 and 5. At the end
of the third quarter 2016, the underground workforce was
approximately 1,600 people and was expected to reach 2,400 people
by the end of 2016.
For more information visit the Entrée Gold website at
www.entreegold.com and see the press release dated
October 24, 2016. The Turquoise Hill
technical report, titled "2016 Oyu Tolgoi Technical Report", with
an effective date of October 14,
2016, is available on SEDAR at www.sedar.com under Turquoise
Hill's profile.
KIRKLAND LAKE GOLD REPORTS
ADDITIONAL HIGH GRADE INTERCEPTS AND IDENTIFIES NEW MINERALIZATION
AT MACASSA FROM UNDERGROUND DRILLING ON THE SOUTH MINE
COMPLEX
Kirkland Lake Gold Inc. ("Kirkland Lake Gold") reported new high
grade drill intercepts from underground exploration drilling on the
South Mine Complex ("SMC") at the Macassa Mine Complex, in
Kirkland Lake, Ontario.
The drilling program infilled gaps in drill hole coverage
between inferred resource blocks and identified new mineralization
associated with the easterly strike extension of the SMC within the
HM Claim, located approximately 610 metres southeast of the #2
shaft at the Macassa Mine Complex. Underground drilling highlights
include:
- 651.8 g/t gold (93.6 g/t cut) over 3.8 metres, including
2,846.1 g/t gold over 0.5 metres, in hole 53-2921;
- 40.1 g/t gold over 3.0 metres in hole 53-2967;
- 97.7 g/t gold (70.2 g/t cut) over 1.6 metres, including 263.3
g/t gold over 0.3 metres, in hole 53-3065;
- 102.5 g/t gold (26.7 g/t cut) over 3.2 metres, including 923.3
g/t gold over 0.3 metres, in hole 53-3098; and
- 100.5 g/t gold (68.6 g/t cut) over 1.6 metres, including 261.6
g/t gold over 0.3 metres, in hole 53-3099.
All intercepts are core lengths. High grade assays are cut to
246.9 g/t or 120.0 g/t depending on the zone.
The drill program concentrated on both infilling gaps in drill
hole coverage and also expanding the SMC further to the east within
the HM Claim by testing a zone which was initially identified by
drill hole 53-2414.
Kirkland Lake Gold has since completed 24 additional drill holes
which has expanded and better defined this zone of mineralization.
Based on the additional drilling, the zone has been defined over a
strike length of 130 metres and is open up dip and is currently
being tested with additional step out drilling.
For more information and for complete drill results visit the
Kirkland Lake Gold website at www.klgold.com and see the
press release dated November 7, 2016.
Sandstorm holds a 2.0% NSR royalty on the HM Claim.
PRIMERO PROVIDES EXPLORATION UPDATE ON BLACK FOX DEEP CENTRAL
ZONE
Primero Mining Corp. ("Primero") announced the results of
successful exploration at the Black Fox mine located near
Timmins, Ontario, Canada. The
discovery, delineation and recent commencement of production from
the Deep Central Zone at Black Fox is an important milestone for
the mine. Initial production mining of the Deep Central Zone has
returned positive results with grades and tonnes reconciling well
with the production block model. First long-hole production
blasting occurred in early-September, and is expected to continue
to ramp-up from this area.
Three underground diamond drill rigs have been active on the 520
level exploration drift, targeting mineralization located
down-plunge and to the west of the Deep Central Zone. Results have
reconfirmed the high-grade tenure of the Deep Central Zone with
drill hole 520-EX346-06 intercepting 27.9 g/t gold over 5.8 metres
(from 355.6m-361.4m) at approximately 800 metres depth and more
recent drilling returning significant gold grades including 34.4
g/t gold over 1.0 metre (402m-403m, 520-EX346-09) below the Deep
Central Zone at approximately 900 metres depth. Deep drilling
efforts are ongoing and are expected to be released by Primero in
due course.
After successfully expanding and delineating the Black Fox Deep
Central Zone, Primero has shifted focus to other priority target
areas located to the west and at depth. Recent exploration of the
west targets has returned positive results with significant gold
grades including 87.3 g/t gold over 1.4 metres (505.9m-507.3m,
520-EX290-02), 9.5 g/t gold over 1.0 metres (368.5m-369.5m,
520-EX286-07), 28.1 g/t gold over 2.7 metres (376m-378.7m,
520-EX286-05), 4.6 g/t gold over 5.4 metres (454m-459.4m,
520-EX286-01) and 9.1 g/t gold over 1.2 metres (497.2m-498.4m,
520-EX286-02). Drill hole 520-EX286-05 was drilled to test an
extension of the W1 High Quartz target, which remains open at
depth. Holes 520-EX286-01 and -02 have identified the W5 Far West
target which requires further infill exploration and remains open
at depth. In addition, two surface drill rigs have been testing for
other areas of Froome-like mineralization.
For more information, visit the Primero website at
www.primeromining.com and see the press release dated
September 19, 2016 and November 9, 2016.
Sandstorm has a gold stream agreement to purchase 8% of the life
of mine gold produced from Black Fox for a per ounce cash payment
equal US$524 per ounce.
YAMANA GOLD PROVIDES EXPLORATION UPDATE AT GUALCAMAYO
Yamana Gold Inc. ("Yamana") issued an update on the exploration
programs at its Gualcamayo mine in Argentina ("Gualcamayo"). Yamana has completed
a total of 2,457 metres distributed in 12 holes since September,
testing the near-surface oxide deposits called Potenciales and Las
Vacas. Several of the holes, including 16QD-975 drilled at
Potenciales, have discovered important mineral intercepts that
begin near the surface and continue to depth. The results continue
to suggest the potential for the expansion of the Mineral Resource
base immediately adjacent to the southwest and northeast of the QDD
open pit. Construction of road access to further test and expand
these oxide deposits surrounding the QDD main pit is in the
planning stage and will begin early in the first quarter of
2017.
Recent drill results from holes completed at Cerro Condor and
Potenciales (August 24, 2016 to
September 26, 2016.), including all
holes completed at these targets with results above a 0.5 grams per
tonne ("g/t") Au result are reported below:
Hole Id
|
Target
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
16QD-968
|
Cerro Cóndor -
2600
|
284.0
|
290.0
|
6.0
|
0.58
|
16QD-970
|
Cerro Cóndor -
Antena
|
6.0
|
16.0
|
10.0
|
0.43
|
16QD-970
|
Cerro Cóndor -
Antena
|
126.0
|
128.0
|
2.0
|
2.59
|
16QD-972
|
Cerro Cóndor
2500
|
12.0
|
26.0
|
14.0
|
5.69
|
16QD-972
|
Cerro Cóndor
2500
|
36.0
|
42.0
|
6.0
|
0.98
|
16QD-971
|
Cerro Cóndor -
Antena
|
35.5
|
44.0
|
8.5
|
1.35
|
16QD-971
|
Cerro Cóndor -
Antena
|
91.0
|
98.0
|
7.0
|
0.91
|
16QD-971
|
Cerro Cóndor -
Antena
|
300.0
|
308.0
|
8.0
|
0.71
|
16QD-971
|
Cerro Cóndor –
Antena
|
322.0
|
326.0
|
4.0
|
1.16
|
16QD-974
|
Cerro Cóndor
2500
|
8.0
|
10.6
|
2.6
|
1.44
|
16QD-975
|
Potenciales -
P10
|
4.0
|
108.0
|
104.0
|
1.41
|
16QD-975
incl.
|
Potenciales -
P10
|
8.0
|
20.0
|
12.0
|
2.36
|
16QD-975
incl.
|
Potenciales -
P10
|
28.0
|
49.0
|
21.0
|
1.92
|
16QD-975
incl.
|
Potenciales -
P10
|
62.0
|
68.0
|
6.0
|
1.25
|
16QD-975
incl.
|
Potenciales -
P10
|
88.0
|
102.0
|
14.0
|
3.27
|
16QD-976
|
Potenciales -
P10
|
8.0
|
30.0
|
22.0
|
1.23
|
16QD-976
|
Potenciales -
P10
|
34.0
|
48.0
|
14.0
|
1.13
|
16QD-977
|
Potenciales -
P10
|
18.0
|
28.0
|
10.0
|
2.49
|
16QD-977
|
Potenciales -
P10
|
32.0
|
38.0
|
6.0
|
0.64
|
Several of these intersections, in particular 16QD975, are at
the pit wall and are sufficient in width and grade to suggest
potential positive contributions to increases in Mineral Resources
and Mineral Reserves at grades that exceed the current in pit
grades. These new discoveries show large, untested potential exists
at the surface or near surface well beyond the known extents of the
current mineral inventory.
For more information, visit the Yamana website at
www.yamana.com and see the press release dated
October 27, 2016.
Sandstorm holds a 1.0% NSR royalty on the Gualcamayo mine.
QUALIFIED PERSON
Keith Laskowski (MSc),
Sandstorm's Vice President, Technical Services is a Qualified
Professional (#01221QP) of the Mining and Metallurgical Society of
America and a Qualified Person as defined by Canadian National
Instrument 43-101. Mr. Laskowski has not independently verified the
resource estimates contained in this disclosure. He has reviewed
and approved the technical information in this press release.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming and royalty company.
Sandstorm provides upfront financing to gold mining companies that
are looking for capital and in return, receives the right to a
percentage of the gold produced from a mine, for the life of the
mine. Sandstorm has acquired a portfolio of 131 streams and
royalties, of which 20 of the underlying mines are producing.
Sandstorm plans to grow and diversify its low cost production
profile through the acquisition of additional gold streams and
royalties.
For more information visit: www.sandstormgold.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within
the meaning of the U.S. Securities Act of 1933, the U.S. Securities
Exchange Act of 1934, the Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities legislation, concerning
the business, operations and financial performance and condition of
Sandstorm. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the
estimation of mineral reserves and resources, realization of
mineral reserve estimates, and the timing and amount of estimated
future production. Forward-looking statements can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans", or similar terminology.
Forward-looking statements are made based upon certain
assumptions and other important factors that, if untrue, could
cause the actual results, performances or achievements of Sandstorm
to be materially different from future results, performances or
achievements expressed or implied by such statements. Such
statements and information are based on numerous assumptions
regarding present and future business strategies and the
environment in which Sandstorm will operate in the future,
including the price of gold and anticipated costs. Certain
important factors that could cause actual results, performances or
achievements to differ materially from those in the forward-looking
statements include, amongst others, gold price volatility,
discrepancies between actual and estimated production, mineral
reserves and resources and metallurgical recoveries, mining
operational and development risks relating to the parties which
produce the gold Sandstorm will purchase, regulatory restrictions,
activities by governmental authorities (including changes in
taxation), currency fluctuations, the global economic climate,
dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other important factors that may cause the
actual results, level of activity, performance or achievements of
Sandstorm to be materially different from those expressed or
implied by such forward-looking statements, including but not
limited to: the impact of general business and economic conditions,
the absence of control over mining operations from which Sandstorm
will purchase gold and risks related to those mining operations,
including risks related to international operations, government and
environmental regulation, actual results of current exploration
activities, conclusions of economic evaluations and changes in
project parameters as plans continue to be refined, risks in the
marketability of minerals, fluctuations in the price of gold,
fluctuation in foreign exchange rates and interest rates, stock
market volatility, as well as those factors discussed in the
section entitled "Risks to Sandstorm" in Sandstorm's annual report
for the financial year ended December 31,
2015 available at www.sedar.com. Although Sandstorm has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Sandstorm does
not undertake to update any forward looking statements that are
contained or incorporated by reference, except in accordance with
applicable securities laws.
SOURCE Sandstorm Gold Ltd.