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EMX Royalty Congratulates Boreal on High Grade Drill Results at the Gumsberg Zinc-Lead-Silver Royalty Property in Sweden
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2018) - EMX Royalty Corporation ...
About this update from Domestic Metals Corp.
[{"type":"text","content":"EMX Royalty Congratulates Boreal on High Grade Drill Results at the Gumsberg Zinc-Lead-Silver Royalty Property in SwedenVancouver, British Columbia--(Newsfile Corp. - March 1, 2018) - EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) (the \"Company\" or \"EMX\") is pleased to announce drill results from Boreal Metals Corp.'s (TSXV: BMX) (\"Boreal\") first five holes totaling 1,146.7 meters of an ongoing diamond drill program that confirm high grade zinc-lead-silver mineralization with associated copper and gold credits at EMX's Gumsberg royalty property. Gumsberg is located in the Bergslagen mining district of southern Sweden. Boreal's current drill program, which is planned for a total of 2,500 meters, targets a number of precious and base metal-rich massive sulfide zones on the Gumsberg property. Of particular significance is the intersection of multiple styles of massive sulfide mineralization, including silver-rich zinc and lead mineralization in hole BM-17-005, which was drilled in the vicinity of the historic Östersilvberg Mine, Sweden's largest silver producer in medieval times. The intercepts from BM-17-005 include 10.94 meters (122.30-133.24 m) averaging 16.97% zinc, 8.52% lead, 656.70 g/t silver, and 0.76 g/t gold from drill hole BM-17-005 (true width estimated at 20-50% of reported interval length)1. EMX congratulates Boreal on its drill program's early success and looks forward to further advancement of the Company's Gumsberg royalty property. Please see Appendix 1 of this news release for a table of Boreal's select drill intercepts.EMX has a 19.9% equity interest in Boreal2 that resulted from the sale of Gumsberg, as well as four other royalty generation properties that include Adak in Sweden, and Tynset, Burfjord, and Modum in Norway3. Adak and Tynset, like Gumsberg, host massive sulfide styles of polymetallic mineralization, Burfjord is characterized by Iron-Oxide-Copper-Gold (\"IOCG\") mineralization, and Modum hosts cobalt mineralization that partially surrounds the historic Skuterud mine. In addition to the equity interest in Boreal, EMX retains uncapped 3% NSR royalty interests on each of the five properties sold to Boreal4, and will receive annual advance royalty (\"AAR\") payments, and other consideration from the sale of the projects. As well, EMX recently executed an ag...