Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX)(NYSE MKT:EMXX)
is pleased to announce the signing of an Exploration and Option Agreement (the
"Agreement") with North Queensland Mining Pty Ltd. ("NQM"), a privately-held
Australian company, to acquire EMX's Koonenberry exploration licenses in New
South Wales, Australia. NQM has the option to earn a 100% interest in the EMX
subsidiary that holds the licenses, with EMX retaining a 3% production royalty.
As a result of the Agreement, all of EMX's interests in the Koonenberry gold
project are now being advanced by partner companies, with EMX retaining various
royalty interests that cover the entire project area. 


Initially, NQM anticipates commencing small-scale gold production from alluvial
and eluvial materials, while continuing to explore for the hardrock sources of
gold mineralization. Koonenberry is widely known for its specimen gold
production from surficial deposits, and EMX's previous work demonstrated the
upside exploration potential for discovering this gold's underlying bedrock
sources. The Company views NQM's proposed production scenario as a way to
quickly capitalize on the demonstrated alluvial/eluvial gold potential, while
providing revenue streams to support further exploration and project
development.


Commercial Terms. Pursuant to the Agreement, NQM has the option for three years
after the Agreement date to acquire the EMX subsidiary (EMX Exploration Pty
Ltd.) that holds the Company's remaining exploration licenses in the project
area. On or before the second anniversary of the Agreement date, NQM can reduce
the 3% production royalty to be retained by EMX to 2.5%, by agreeing to pay
annual advance royalties in the following amounts: 75 troy ounces of gold (or
cash equivalent thereof) delivered on the first anniversary of NQM's election to
reduce the amount of the production royalty, 100 troy ounces of gold (or cash
equivalent) on the earlier of the third anniversary of the Agreement date or the
closing of the exercise of the election, and 100 troy ounces of gold (or cash
equivalent) on all subsequent anniversaries of the Agreement date until
commencement of commercial production. NQM will bear responsibility of
satisfying all existing work commitments and honoring all underlying property
agreements during the term of the Agreement.


Koonenberry Background. The project is positioned along the northwest trending,
regional-scale Koonenberry fault that represents a major terrane boundary in
southeastern Australia. This deep-seated structural zone was active during
several orogenic events and has multiple splays that project into, and through
the project area. EMX recognized that the distribution of gold occurrences and
gold geochemical anomalies are coincident with these prominent structural
features. Further, EMX's reconnaissance mapping and sampling identified a number
of geological features at Koonenberry remarkably similar to the orogenic
deposits of the Victorian Goldfields, also located in southeastern Australia.
Although there are no records of previous hardrock mining at Koonenberry, much
of the gold recovered through surface prospecting occurs as coarse specimens
with attached "reef" quartz, suggesting a nearby primary source. 


Last year, the Company completed a restructuring of the Koonenberry property
package that released EMX from a series of significant expenditure commitments,
while retaining the core licenses with the highest exploration potential. EMX's
royalty agreements cover approximately 1,437 square kilometers of exploration
licenses that comprise the consolidated Koonenberry project area. The majority
of the prospective ground covered by this extensive royalty position remains
unexplored. 


EMX Prospect Generation and Royalty Growth Business Models. The Koonenberry
Agreement with NQM represents another example of EMX's organic royalty growth
through early-stage prospect generation. Eurasian acquired its position and
advanced the project after recognizing the property's potential for undiscovered
bedrock gold sources. This work positioned EMX to convert its interests into
what could become a near-term paying royalty, while retaining the upside to
participate in future exploration discoveries.


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.


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 above technical disclosure on Koonenberry.


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. 


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
nine-month period ended September 30, 2013 (the "MD&A") and most recently filed
Annual Information Form for the year ended December 31, 2012 (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.


To view the map accompanying this press release, click on the following link:
http://media3.marketwire.com/docs/928220m.pdf


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eurasian Minerals Inc.
David M. Cole
President and Chief Executive Officer
(303) 979-6666
Dave@EurasianMinerals.com


Eurasian Minerals Inc.
Scott Close
Director of Investor Relations
(303) 973-8585
Scott@EurasianMinerals.com
www.EurasianMinerals.com

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