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EMX Royalty Corp.
Summary
| Project: | Balya | |
|---|---|---|
| Deposit: | Balya | |
| Location: | Turkey | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 8/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-8-2018: EMX Royalty Corp. announces an Exploration/Drilling Update report for its Balya deposit at the Balya project. JV - Drilling results incl. 12.75m @ 5.92% Zn, 11.39% Pb, 225.18g/t Ag from 263.75m. Vancouver, British Columbia, August 13, 2018 (TSX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Jensen (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, August 13, 2018 (TSX Venture: EMX; NYSE American: EMX) – EMX Royalty Corporation (the “Company” or “EMX”) is pleased to provide an update on recent advancements on two of the Company’s royalty properties in Turkey. Highlights include new drill results from the Balya lead-zinc-silver carbonate replacement deposit in northwestern Turkey, and continued development permitting of the Sisorta high sulfidation gold deposit in northeastern Turkey. EMX congratulates Dedeman Madencilik San ve Tic. A.S. ("Dedeman") and Bahar Madencilik Sinayi ve Ticaret Ltd Sti ("Bahar"), the owners and operators of the Balya and Sisorta royalty properties respectively, on their progress in advancing the projects. Please see www.EMXRoyalty.com for more information. Balya Royalty Property Update. The Balya royalty property contains extensive zones of carbonate replacement deposit (“CRD”) style lead-zinc-silver mineralization, and is located in the historic Balya mining district. EMX holds an uncapped 4% NSR royalty that it retained from the sale of the property in 2006 to Dedeman, a privately owned Turkish company. Dedeman has continued small scale underground production at Balya, while accelerating its exploration efforts. Earlier in 2018, EMX received royalty revenues of US $121,075 from Balya production completed in 2017. Dedeman has since informed EMX that it commenced a 24,000 meter diamond drill program to expand the current drill-defined body of mineralization in the Hastanetepe zone. Dedeman has provided EMX with initial results from the 2018 drill program, which include 12.75 meters averaging 11.39% lead, 5.92% zinc and 225.18 g/t silver in hole DB108-B (true width ~95% of intercept length), as well as several other significant intercepts in nearby holes at Hastanetepe (see Table 1 for drill results from the ongoing program). The results are especially encouraging in that they show continuity in previously drilled areas of high grade lead-zinc-silver mineralization along the southern edge of the Hastanetepe zone. Additional drilling in 2018 will fill in a ~500 meter gap between the southern edge of the Hastanetepe zone and the southwestern property boundary (see Figure 1). Little to no drilling has been previously conducted in that area, even though significant mineralization was intercepted in reconnaissance holes DB-29 and DB29-A near the property boundary in 20081 . Directly southwest of the 2008 holes and Dedeman’s property boundary lies the mining complex of Esan Eczacıbaşı Endustriyel Hammaddeler Sanyai ve Tic. A.S. (“Esan”), which mines and processes similar styles of mineralization to those found on the Dedeman property. | |
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