NATIONS ROYALTY PROVIDES UPDATE ON ROYALTY INTEREST: THE KSM DEPOSIT RECEIVES "SUBSTANTIALLY STARTED" DESIGNATION
The Substantially Started designation allows for the
Nations Royalty holds the right to receive an annual benefit payment entitlement on the
"Nations Royalty wishes to congratulate Seabridge and acknowledge the work completed by the Government of
KSM Project Proven and Probable Mineral Reserves as of
|
Diluted Grades |
Contained Metal |
|||||||
|
Ore |
Au (g/t) |
Cu |
Ag |
Mo |
Au |
Cu |
Ag |
Mo |
Proven |
1,297 |
0.71 |
0.15 |
2.4 |
75 |
29.6 |
4,203 |
98 |
215 |
Probable |
995 |
0.55 |
0.14 |
1.9 |
77 |
17.7 |
3,116 |
62 |
170 |
Total Proven & Probable |
2,292 |
0.64 |
0.14 |
2.2 |
76 |
47.3 |
7,320 |
160 |
385 |
|
|
1. |
Source KSM (Kerr-Sulphurets-Mitchell) Prefeasibility Study and Preliminary Economic Assessment, Prepared for Seabridge Gold Inc. |
About
The Company's vision is to unite First Nations and Indigenous groups across
Nations Royalty's foundation begins with the right to receive five annual payment entitlements in place in respect of the following properties in
- The high-grade Brucejack gold mine operated by
Pretium Resources Inc. , a wholly-owned indirect subsidiary of Newmont Corporation, a large underground gold mine; - The KSM Copper-Gold-Silver-Molybdenum deposit, currently in development by Seabridge Gold Inc.;
- The
Premier Gold Project , currently being commissioned by Ascot Resources Ltd. with first gold pour completed inApril 2024 ; - The Red Mountain Gold Deposit, owned by Ascot Resources Ltd.; and
- The Kitsault Molybdenum Deposit, a large, fully permitted brownfield site owned and being actively advanced by
New Moly LLC , majority-owned byResource Capital Fund VI L.P.
Qualified Person
On behalf of the Board of Directors of
"Robert McLeod"
Chief Executive Officer
Neither the
Technical and Third-Party Information
Except where otherwise stated, the disclosure in this news release relating to the
Cautionary Statement Regarding Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words, or variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this news release include information relating to: the business plans, mineral reserves, objectives and expected outcomes of Nations Royalty and the projects in which Nations' Royalty holds an interest, including the advancement of the
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern, risks associated with potential governmental and/or regulatory action with respect to the Company's operations and the potential inability of the Company to implement its business plan going forward, risks of mineral reserve estimates not being accurate, risks related to the absence of control over mining operations from which Nations Royalty will receive annual benefit payments and risks related to those mining operations, with respect to the
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
SOURCE