Business
Elemental Royalties Provides Update on Its Royalty & Streaming Portfolio
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - Elemental Royalties Corp. (TSXV...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Royalties Provides Update on Its Royalty & Streaming PortfolioVancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - Elemental Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental\" or \"the Company\") is pleased to provide an update regarding developments at several assets in its high-quality royalty and stream portfolio including producing assets Ming, Karlawinda, Wahgnion, and Amancaya.HighlightsMeasured and Indicated Gold Resource increases by 20,000 ounces at Ming copper-gold mine Reserve and Resource update at Karlawinda due to be published in H2 2022 Aggressive exploration continuing at Wahgnion with US$9 million committed for 2022Updated Technical Report at Amancaya with maiden resources at Amarillo & Julia depositsFocus Minerals reported an increased Resource at the Beasley Creek South deposit Systematic exploration at Panton project with new Resource estimate expected in Q2 2022Bear Creek Mining completes Mercedes Mine acquisition with first Elemental royalty due in Q3\"Elemental shareholders benefitted from approximately 140,000 metres drilled at no cost on our royalty portfolio in 2021,\" Frederick Bell, Elemental's CEO, said. \"The combination of high-quality producing assets and aggressive exploration enables us to offer leverage to new discoveries in the future at the same time as providing material, diversified revenue today. This ongoing investment in exploration by counter-parties will highlight the value of our uncapped royalty portfolio with multiple new Resource updates expected in 2022.\"Rambler Announces Updated Ming Mineral Resource Estimate, Strong Operating PerformanceOn April 28, 2022, Rambler Metals and Mining plc (\"Rambler\") announced an updated Mineral Resource Estimate at the Ming mine for copper, gold and silver effective March 31, 2022. Measured and Indicated Gold Resources increased by 20,000 ounces compared with the May 2021 estimate, an increase of 8%.Rambler also noted that it has begun work on a new Mineral Reserve estimate and life of mine production plan, both of which are intended for release in 2022.Mineral Resource and Depleted Mineral Reserve Estimate for the Ming Mine effective March 31, 20221ClassificationTonnageGradesContained MetalCuAuAgCuAuAg000's t%g/tg/tktkozkozProven2,9371.950.432.755740259Probable4,2261.880.432.847958386P&P7,4131.740.382.53131946...