METALLA ANNOUNCES FIRST GOLD PRODUCED AT TOCANTINZINHO
(All dollar amounts are in thousands of United States dollars unless otherwise indicated)
TSXV: MTA
NYSE AMERICAN: MTA
TOCANTINZINHO
Metalla acquired the 0.75% GVR on TZ in
ROYALTY MAP
TOCANTINZINHO RESERVE & RESOURCE ESTIMATE AS OF
|
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|
|||||
|
Tonnes |
Gold |
Royalty Ounces |
||
|
(000's) |
(g/t) |
(000's) |
(000's) |
|
Proven Reserves |
17,973 |
1.46 |
842 |
|
|
Probable Reserves |
30,703 |
1.22 |
1,200 |
|
|
Proven & Probable |
48,676 |
1.31 |
2,042 |
15.3 |
|
Measured Resources |
17,609 |
1.49 |
841 |
|
|
Indicated Resources |
30,505 |
1.29 |
1,261 |
|
|
Measured & Indicated |
48,114 |
1.36 |
2,102 |
15.8 |
|
Inferred Resources |
1,580 |
0.98 |
50 |
0.4 |
For royalty ounces calculation, Metalla estimates 100% of TZ's Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 0.75%. |
QUALIFIED PERSON
The technical information contained in this news release has been reviewed and approved by
ABOUT METALLA
Metalla was created to provide shareholders with leveraged precious and strategic metal exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our strong foundation of current and future cash-generating asset base, combined with an experienced team, gives Metalla a path to become one of the leading royalty companies.
For further information, please visit our website at www.metallaroyalty.com.
ON
(signed) "Brett Heath"
President and CEO
Website: www.metallaroyalty.com
Neither the
Notes:
1. Please see
Information contained on any website or document referred to or hyperlinked in this press release shall not be deemed to be a part of this press release.
Technical and Third-Party Information
Metalla has limited, if any, access to the properties on which Metalla holds a royalty, stream or other interest. Metalla is dependent on (i) the operators of the mines or properties and their qualified persons to provide technical or other information to Metalla, or (ii) publicly available information to prepare disclosure pertaining to properties and operations on the mines or properties on which Metalla holds a royalty, stream or other interest, and generally has limited or no ability to independently verify such information. Although Metalla does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by Metalla's royalty, stream or other interests. Metalla's royalty, stream or other interests can cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, resources and production of a property.
Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release,
including any
references to mineral resources or mineral reserves, was prepared in accordance with Canadian
NI 43-101
, which differs significantly from the requirements of the
" Inferred mineral resources " have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Historical results or feasibility models presented herein are not guarantees or expectations of future performance.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements")
within the meaning of applicable securities legislation.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur, or be achieved. Forward-looking statements include, but are not limited to, the statements regarding the size and potential of TZ to grow the resource base; TZ becoming the third-largest primary gold mine in
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Metalla to control or predict, that may cause Metalla's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: that TZ will not become the third largest primary gold mine in
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