Ontario-Quebec
EMX’s Ontario and Quebec Portfolio of properties cover over 200,000 hectares, consisting primarily of projects hosting Archean lode gold, orogenic gold, and volcanogenic massive sulfide (“VMS”) targets. EMX’s acquisition of the “Perry-Portfolio” provides upside exploration exposure to highly productive and active mining districts that contain numerous multi-million ounce gold deposits, including the Red Lake district where Pure Gold, Great Bear Resources and BTU Metals have recently had considerable success, the western Wabigoon belt (Treasury Metals, First Mining, Manitou Gold), the Wawa belt (Wesdome), and the Sunday Lake Fault corridor in the Abitibi belt (host to Kirkland Lake Gold’s Detour Lake mine and Wallbridge Mining’s Fenelon and Martinière projects).
The purchase of this substantial Portfolio marks EMX’s entry into Canada’s Superior Province, which hosts several highly productive mining districts and greenstone belts in Ontario and Quebec. The Portfolio includes properties in the prolific Red Lake district, as well as in the highly prospective districts of the Abitibi, Uchi, Wabigoon and Wawa sub-provinces.
In July 2020 EMX has executed a purchase agreement for this portfolio of royalty and property interests from Canadian prospector and entrepreneur Perry English, through his company 1544230 Ontario Inc., for C$3 million. The Portfolio consists of over 60 properties, including 52 projects optioned to third parties, of which 39 include provisions for NSR royalty interests. The Portfolio will generate cash flow to EMX from option payments as well as share-based payments. Based on a current valuation, EMX’s investment will pay for itself, with EMX retaining upside from NSR royalty interests that range from 0.75% to 2.5% on the optioned projects.
In December 202 EMX has executed a purchase agreement for a second portfolio of royalty and property interests from Frontline Gold Corporation (“Frontline”) for C$800,000, which will be paid 50% in cash and 50% in shares of EMX. This Portfolio consists of 41 legacy claims (totaling ~6,100 hectares), distributed over four properties (Gullrock Lake, Duchess, Red Lake, and Tilly) in the heart of the Red Lake mining district, Ontario, all of which are currently optioned to, or operated by, Pacton Gold Inc. For more information see Company news release dated December 8, 2020.
For more information on the Ontario and Quebec portfolio and available projects please contact David Johnson at djohnson@emxroyalty.com
*Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.
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