TORTOLA, British Virgin
Islands, Sept. 17, 2020 /CNW/
- Sailfish Royalty Corp. (TSXV: FISH) (the "Company" or
"Sailfish") is pleased to announce significant updates on the
Company's San Albino gold stream equivalent to a 3% NSR.
On September 17, 2020, Mako Mining
Corp. ("Mako") publicly announced grade and tonnage results from
mining of the first full bench containing the San Albino vein at
its San Albino gold project located in Nueva Segovia, Nicaragua ("San Albino"). The bench
mined consisted of two separate three-meter half benches between
616 and 610 meters above sea level and contained 1,002 ounces Au
and 1,511 ounces Ag within 2,654 tonnes of diluted vein material
grading 11.74 g/t Au and 17.7 g/t Ag.
On August 24, 2020, Mako publicly
announced that the Ministry of Environmental and Natural Resources
of Nicaragua has amended the
environmental permit granted to Mako in 2017 (see Mako press
release dated September 12, 2017) to
allow for the processing of up to 1,000 tonnes per day at San
Albino, which is twice the original permitted rate of 500 tonnes
per day.
Akiba Leisman, Chief Executive
Officer of Sailfish states that, "the recent announcements by Mako
highlight San Albino as one of the highest-grade open pit projects
globally with a well-defined path toward expansion. We
congratulate the whole team at Mako and look forward to additional
updates as San Albino nears production and drilling continues
throughout the district-scale land package."
Sailfish would like to remind its shareholders that the gold
stream on San Albino and royalty on the surrounding district-scale
land package are cornerstone assets of the Company and that
upcoming project development and exploration updates provided by
Mako should be monitored with increased interest.
About Sailfish
Sailfish is a precious metals royalty and streaming company.
Within Sailfish's portfolio are two cornerstone assets on advanced
stage projects in the Americas: a gold stream equivalent to a 3%
NSR on the San Albino gold project (~3.5 sq. km) and a 2% NSR on
the rest of the area (~134.5 sq. km) surrounding San Albino in
northern Nicaragua; and an up to
3.5% NSR on the Tocantinzinho gold project in the prolific Tapajos
district of northern Brazil. The
acquisition of Terraco Gold Corp. adds a potential cornerstone
asset: an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada.
Sailfish is listed on the TSX Venture Exchange under the symbol
"FISH" and on the OTCQX under the symbol "SROYF". Please visit the
Company's website at www.sailfishroyalty.com for additional
information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Sailfish Royalty Corp.