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Sandstorm Gold Ltd.

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Summary

Project:

Hod Maden

Deposit:Hod Maden
Location:Turkey
Commodities:Gold-Copper-Silver-Zinc-Lead-Arsenic-Sulphur
Date:3/29/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:29-3-2018: Sandstorm Gold Ltd. announces a Resource Estimation report for its Hod Maden deposit at the Hod Maden project. Updated mineral resource at Hod Maden. AMC Consultants Pty Ltd (AMC) was commissioned by Sandstorm Gold Ltd (SSL) to report the resul
Resources:
CP/QP:[Resources]: Rodney Webster (AMC Consultants Pty Ltd.)
ABSTRACT:AMC Consultants Pty Ltd (AMC) was commissioned by Sandstorm Gold Ltd (SSL) to report the results from a Mineral resource estimate) according to a National Instrument 43-101 Technical Report (NI 43-101 Technical Report or Report) for the Hod Maden Property (Property) located in Yusufeli/Artvin/Turkey. Lidya Madenchilik and Mariana Resources formed a 70/30 JV – Artmin Madenchilik. Sandstorm acquired Mariana in July 2017 and now holds the 30% interest in Artmin Madenchilik. AMC understands that Sandstorm envisages the Hod Maden Project (Project) will develop into an underground mining operation. A processing plant will produce a gold-rich copper concentrate for sale to copper smelters. A site visit was carried out in 14 July 2016 for 6 days by Mehmet Yumlu Principal Mining Engineer, Richard King Principal Geotechnical Engineer and Rod Webster Principal Geologist. The Hod Maden Property (Property) is situated within the Eastern Pontides tectonic belt, which coincides with the 500 km long, and 50 km to 75 km wide mountain chain extending along the south-eastern Black Sea coastline. The Hod Maden Gold-Copper Project located on the Property is located approximately 20 km southeast of Artvin and 130 km north-east of Erzurum in north-eastern Turkey near the border with Georgia. The Property is accessible from Artvin city (20 km) or from Erzurum city (130 km by road via Yusufeli). The area surrounding the Property is characterized by moderate to steep hills of exposed rock, soil cover and vegetation. Elevations range from approximately 800 m to 1000 m above sea level in the Project area. The regional climate is oceanic (Koppen climate classification), wet all year with cool summers resulting from the nearby Black Sea and slight elevation.

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