New User:

Forgot your password?

Stock Market & Financial Investment News

News For SAND;BRD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 13, 2015
09:19 EDTSANDSandstorm Gold provides asset update on various royalty projects
Sandstorm Gold provided a progress update at various projects. Columbus Gold completed an extensive drilling program at its Paul Isnard project in French Guiana over which Sandstorm holds a 1.0% net smelter returns royalty. Columbus Gold has released an updated resource estimate reporting indicated and inferred gold reserves of 83.240 and 22.370 million tons, respectively, at an average grade of 1.455 and 1.550 g/t Au respectively. The updated resource estimate will support the completion of a Preliminary Economic Assessment on Paul Isnard, expected to be completed in Q2. At Orezone Gold's Bomboré Gold Project in Burkina Faso in which Sandstorm has a 0.45% NSR royalty, Orezone announced an eleven-year mine plan designed to deliver higher grade ore in the early years: 0.88 g/t over the first eight years of production at a strip ratio of 1:1. Project payback is estimated at 2.7 years with all in sustaining costs averaging $678 per ounce. At the Prairie Creek project over which Sandstorm holds a 1.2% NSR royalty, Canadian Zinc reported assay results from the first four drill holes including an intercept of 27.5% Pb, 30.5% Zn, 289 g/t Ag over an estimated true width of 3.03 metres in the main quartz vein and an intercept of 7.2% Pb, 11.9% Zn, 89 g/t Ag over an estimated true width of 3.63 metres in the stockwork zone. At the SilverCrest Mnes project in El Cholugo, Sandstorm has a gold stream agreement with SilverCrest to purchase 20% of the life of mine gold produced from Santa Elena at a per ounce price of $350/oz. which increases to $450/oz. of gold once 50K ounces have been delivered to Sandstorm. SilverCrest has encountered high grade gold and silver over significant widths at El Cholugo, a zone located immediately adjacent to the main mineralized zone currently in production at the Santa Elena Mine in Sonora, Mexico.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use