EMX Provides an Update on Exploration Successes at Viscaria
EMX Royalty reports significant exploration results from the Viscaria copper-iron-silver project in Northern Sweden, where it holds a royalty interest. Operator Viscaria Gruvaktiebolag has completed over 9,000 meters of drilling, revealing new mineralization zones extending from the 'D' and 'B' resource areas, plus a new 'ABBA' zone beneath the 'A' and 'B' areas. Notable results include 43.2m @ 1.12% Cu and 31.35% Fe and 13.3m @ 2.42% Cu and 4.96 g/t Ag. The project is expected to commence production in 2026, with EMX holding a 0.5% NSR royalty that increases to 1% after $12 million in payments.
EMX Royalty riporta importanti risultati di esplorazione dal progetto di rame-ferro-argento Viscaria nel nord della Svezia, dove detiene un interesse in royalty. L'operatore Viscaria Gruvaktiebolag ha completato oltre 9.000 metri di perforazione, rivelando nuove zone di mineralizzazione che si estendono dalle aree di risorsa 'D' e 'B', oltre a una nuova zona 'ABBA' sotto le aree 'A' e 'B'. I risultati notevoli includono 43,2m @ 1,12% Cu e 31,35% Fe e 13,3m @ 2,42% Cu e 4,96 g/t Ag. Si prevede che il progetto inizi la produzione nel 2026, con EMX che detiene una royalty NSR dello 0,5% che aumenta all'1% dopo pagamenti di $12 milioni.
EMX Royalty informa sobre resultados significativos de exploración del proyecto de cobre-hierro-plata Viscaria en el norte de Suecia, donde posee un interés en regalías. El operador Viscaria Gruvaktiebolag ha completado más de 9,000 metros de perforaciones, revelando nuevas zonas de mineralización que se extienden desde las áreas de recursos 'D' y 'B', además de una nueva zona 'ABBA' debajo de las áreas 'A' y 'B'. Los resultados notables incluyen 43,2m @ 1,12% Cu y 31,35% Fe y 13,3m @ 2,42% Cu y 4,96 g/t Ag. Se espera que el proyecto comience la producción en 2026, con EMX poseyendo una regalía NSR del 0,5% que aumenta al 1% después de $12 millones en pagos.
EMX 로열티는 스웨덴 북부의 구리-철-은 프로젝트인 비스카리아에서 중요한 탐사 결과를 보고했습니다. 이 지역에서 로열티 이권을 보유하고 있습니다. 운영사인 비스카리아 그루박티볼락(Biscaria Gruvaktiebolag)은 9,000미터가 넘는 시추를 완료하여 자원 지역 'D'와 'B'에서 새로운 광물화 구역을 발견했고, 'A'와 'B' 지역 아래에 새로운 'ABBA' 구역이 있습니다. 주목할 만한 결과는 43.2m @ 1.12% Cu와 31.35% Fe 및 13.3m @ 2.42% Cu와 4.96 g/t Ag입니다. 이 프로젝트는 2026년에 생산을 시작할 것으로 예상되며, EMX는 1,200만 달러의 지급 후 0.5% NSR 로열티를 보유하고 있으며, 이는 1%로 증가합니다.
EMX Royalty rapporte des résultats d'exploration significatifs du projet de cuivre-fer-argent Viscaria dans le nord de la Suède, où il détient un intérêt en redevances. L'opérateur Viscaria Gruvaktiebolag a réalisé plus de 9 000 mètres de forages, révélant de nouvelles zones de minéralisation s'étendant des zones de ressources 'D' et 'B', ainsi qu'une nouvelle zone 'ABBA' sous les zones 'A' et 'B'. Les résultats notables comprennent 43,2m @ 1,12% Cu et 31,35% Fe et 13,3m @ 2,42% Cu et 4,96 g/t Ag. Le projet devrait commencer la production en 2026, avec EMX détenant une redevance NSR de 0,5% qui passe à 1% après 12 millions de dollars de paiements.
EMX Royalty berichtet über bedeutende Erkundungsergebnisse aus dem Kupfer-Eisen-Silber-Projekt Viscaria in Nordschweden, wo es ein Royalty-Interesse hält. Der Betreiber Viscaria Gruvaktiebolag hat über 9.000 Meter Bohrungen abgeschlossen und neue Mineralisierungszonen entdeckt, die sich von den Ressourcenbereichen 'D' und 'B' erstrecken, zusätzlich zu einer neuen 'ABBA'-Zone unter den Bereichen 'A' und 'B'. Bemerkenswerte Ergebnisse umfassen 43,2m @ 1,12% Cu und 31,35% Fe und 13,3m @ 2,42% Cu und 4,96 g/t Ag. Es wird erwartet, dass das Projekt 2026 die Produktion aufnimmt, wobei EMX eine NSR-Royalty von 0,5% hält, die nach Zahlungen von 12 Millionen Dollar auf 1% ansteigt.
- Discovery of multiple new mineralization zones through 9,000+ meters of drilling
- High-grade copper intercepts: 43.2m @ 1.12% Cu and 31.35% Fe
- Project on track for production in 2026
- Construction of water treatment plant has commenced
- Feasibility study expected by year end
- None.
Insights
The recent exploration results from the Viscaria copper-iron-silver project represent a significant development for EMX's royalty position. The discovery of multiple new mineralization zones, particularly the 43.2m @ 1.12% Cu and 13.3m @ 2.42% Cu intercepts, suggests substantial resource expansion potential beyond the current estimates.
The project's progression toward production in 2026, coupled with ongoing construction of water treatment facilities and an upcoming feasibility study, indicates strong operational momentum. The royalty structure, escalating from
These exploration successes could significantly enhance the project's economics and extend its mine life, potentially increasing the long-term value of EMX's royalty interest. The discovery of the new ABBA zone and extensions of existing resources demonstrate considerable upside potential beyond the initial development plan.
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - EMX Royalty Corporation (NYSE American: EMX) (TSX Venture: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce that the operator of the Viscaria copper-iron-silver project in Northern Sweden, where EMX holds a royalty interest, recently published new exploration results that appear to include discoveries of multiple new bodies of mineralization. Viscaria Gruvaktiebolag ("Viscaria"; formerly Copperstone Resources AB) is the operator of the Viscaria project and has been undertaking final permitting and recently commenced construction of its water treatment plant needed for the reopening of the past-producing mine. According to their disclosures, Viscaria expects to commence production on the project in 2026.
In parallel with its ongoing development work, Viscaria has been conducting its first "near mine" exploration drilling campaign, which commenced in spring of this year. According to Viscaria's most recent exploration presentation and news release1, over 9,000 meters of drilling have been completed as part of this program. This has led to the recognition and definition of additional zones of mineralization that project downward from the currently defined "D" and "B" resource areas, as well as a new zone of drill-defined mineralization that lies beneath the "A" and "B" resource areas and has been named the "ABBA" zone (see Figures 1 and 2). Viscaria has described these new discoveries as "exceptional exploration results" which highlight the considerable upside potential and optionality that exists on the project.
Reported drill results are highlighted by[1]:
An intercept of 43.2m @
1.12% Cu and31.35% Fe from depths of 1107 to 1050.2 meters in hole VDD24055 (positioned just below the existing "D Zone" resources).An intercept of 13.3m @
2.42% Cu and 4.96 g/t Ag from depths of 498.1 to 511.4 meters in drill hole VDD23116 (adjacent to the "B Zone" resources).
EMX considers these results to be salient and important to the valuation of its royalty interest. Viscaria has also reported that it is working to complete a feasibility study by year end and is currently working to update and bring its resource estimates into compliance with PERC (2021) reporting standards. EMX congratulates Viscaria Gruvaktiebolag on these successes and their recent progress.
EMX's current royalty footprint covers the A, B and D zones and consists of a
About the Viscaria Copper-Iron-Silver deposit. The Viscaria deposit is located just west of LKAB's Kiruna iron mine, the largest underground iron mine in the world. Viscaria is typically classified as a member of the Iron-Oxide-Copper-Gold ("IOCG") deposit clan and is broadly associated with similar iron and copper systems elsewhere in the region. The Viscaria mine was initially owned and operated by LKAB, which commenced operations in 1983. Outokumpu OY acquired the mine in 1985 and operated it until closure in 1993. Phelps Dodge Sweden AB later acquired the project from Outokumpu and then sold the project to Avalon Viscaria AB in 2008 and kept a royalty over the project area as part of its consideration. Avalon Viscaria AB later became the current Viscaria Gruvaktiebolag. EMX acquired Phelps Dodge Sweden AB in 2009, including the Viscaria royalty.
Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
Notes about reported drill intersections. EMX has not performed sufficient work to verify the reported drill data and intersections. However, the samples were collected and reported by Viscaria in accordance with PERC (2021) reporting standards. EMX considers the reported drill data to be reliable and relevant.
About EMX. EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX". Please see www.EMXroyalty.com for more information.
For further information contact:
David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com
Isabel Belger
Investor Relations
Phone: +49 178 4909039
IBelger@EMXroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Statements
This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended June 30, 2024 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2023, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedarplus.ca and on the SEC's EDGAR website at www.sec.gov.
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Figure 2: 3D models of resources and current exploration program at Viscaria
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[1] True widths stated as "unknown". These results were reported by Viscaria according to PERC 2021 standards in "Exploration Results, PERC (2021) Reporting standard, Table 1" on September 2024, and in Viscaria's exploration update presentation dated September 24, 2024: "Viscaria: the next Tier-1 copper deposit in the world-class Kiruna mining district".
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228378
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