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Sandstorm Gold Ltd.
Summary
| Project: | Hot Maden | |
|---|---|---|
| Deposit: | Hot Maden | |
| Location: | Turkey | |
| Commodities: | Gold-Copper-Molybdenum | |
| Date: | 9/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 12-9-2017: Sandstorm Gold Ltd. announces an Exploration/Drilling Update report for its Hot Maden deposit at the Hot Maden project. Drilling results incl. 9.5m @ 49.6g/t Au, 0.39% Cu, from 460m. Vancouver, British Columbia—September 12, 2017 Sandstorm Gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Keith Laskowski (Internal) | |
| ABSTRACT: | Vancouver, British Columbia—September 12, 2017 Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to provide select updates from its royalty properties including drill results from the Hot Maden project in Turkey (“Hot Maden”), as well as an activity report related to the Company’s Normal Course Issuer Bid (“NCIB”). Exploration and infill drilling at Hot Maden is ongoing and a total of 18,928 metres in 50 drill holes has been completed in 2017. Recent results reported by Lidya Madencilik, Sandstorm’s 70% partner, include significant gold, copper, and zinc intercepts from the South Zone and Russian Old Workings Zone. A number of the intercepts are outside of the current resource area and represent new target discoveries indicating the potential for additional resources. The Hot Maden Pre-feasibility study is expected to be released in early 2018 and project engineering, mine design, metallurgical testwork and environmental studies are in progress. For complete drill results and QA/QC information see the appendix of this news release. Sandstorm has a 30% profits interest and a 2% net smelter returns (“NSR”) royalty on the Hot Maden project. | |
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