Goodpaster, Alaska

EMX’s Goodpaster royalty is located in the Goodpaster District of eastern Alaska 160 km southwest of Fairbanks. Gold mineralization defined in the Goodpaster Project area is hosted in quartz sulfide veins with associated silicate and carbonate alteration of the host rock. 

In April 2018, EMX entered into an agreement with Alaska Energy Metals Corporation, formerly Millrock Resources Inc., through a private placement financing (see Company news release dated April 24, 2019). In return, Alaska Energy Metals has granted certain royalty interests to EMX on some of their properties in the Goodpaster Mining District, Alaska. EMX and Alaska Energy Metals have agreed that the Private Placement funds are to be used to support their programs in the Goodpaster District, which hosts the Pogo¹ high grade underground gold mine. The Pogo Mine, now operated by Northern Star Resources Limited, has produced over 4.68 million ounces of gold since startup in 2006². In 2019, Resolution Minerals Ltd. entered into an earn-in agreement with Millrock and has since earned a 51% interest in the 64 North project. Resolution Minerals has completed drilling programs, geophysical surveys, and trenching at the project and has plans for future exploration. 

The West Pogo project is along trend of, and has similar geological and geochemical attributes to, the nearby Pogo Mine. Previous work identified elevated gold, arsenic and bismuth surface soil and rock sample anomalies, as well as gold prospects (e.g., Half-Ounce Gulch and Alkalic Trench) covered by EMX royalties or royalty purchase options. Another discovery (the Goodpaster prospect), reported by the prior owners of the Pogo Mine, may trend onto Alaska Energy Metals’ West Pogo project. 

At the East Pogo project, additional claims staked around several known prospects are subject to 0.5% to 1% EMX NSR royalty interests. These prospect areas contain elevated gold, arsenic and bismuth surface sample anomaly clusters related to northeast and northwest-oriented high angle faults. 

EMX also acquired additional royalty interests in the Goodpaster District through an agreement with Corvus Gold Inc. (see Company news release dated May 21, 2019). This agreement includes the LMS project, which is owned by Gold Reserve Inc. 

¹ Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.
² Through June 2024. Source: https://www.capitaliq.spglobal.com/

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