Business
Sailfish Provides Update on its San Albino Gold Stream; Highlighted by SW Pit Expansion Drilling
Sailfish Provides Update on its San Albino Gold Stream; Highlighted by SW Pit Expansion D...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"\n \n \n \n Sailfish Provides Update on its San Albino Gold Stream; Highlighted by SW Pit Expansion Drilling\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORTOLA, British Virgin Islands\n \n ,\n \n \n June 22, 2022\n \n \n /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the \"\n \n Company\n \n \" or \"\n \n Sailfish\n \n \") is pleased to announce significant updates on the Company's gold stream equivalent to a 3% net smelter return royalty (\"\n \n NSR\n \n \") on the San Albino gold mine located in northern\n \n Nicaragua\n \n (\"\n \n San Albino\n \n \").\n \n \n \n \n \n \n \n \n \n On\n \n June 21, 2022\n \n , Mako Mining Corp. (\"\n \n Mako\n \n \") announced additional high-grade drill results from an area beginning approximately 50 meters (\"\n \n m\n \n \") southwest of the current open pit mining operations at San Albino.\n \n \n \n Cesar Gonzalez\n \n , Chief Executive Officer of Sailfish states that, \"the delineation of a mineralized area at the SW Pit of approximately\n \n 530 m\n \n x\n \n 470 m\n \n (strike x dip) versus only\n \n 50 m\n \n x\n \n 50 m\n \n in Mako's 2020 Mineral Resource Estimate bodes well for the potential expansion of mineable resources at San Albino, where Sailfish has a gold stream equivalent to a 3% NSR.\"\n \n \n \n Highlights\n \n \n (from Mako's\n \n June 21, 2022\n \n news release)\n \n \n \n \n Recent drilling has confirmed gold mineralization over an area of approximately\n \n 530 m\n \n x\n \n 470 m\n \n (strike x dip) in an area that was identified in the 2020 Mineral Resource Estimate as the SW Pit. At the time of the resource estimate, this area measured approximately\n \n 50 m\n \n x\n \n 50 m\n \n .\n \n \n \n \n To date a total of\n \n 27,533 m\n \n in 202 drill holes (2011-2022) has been completed in the area. Most of the drilling intersected mineralization within, or immediately outside, the currently permitted pit limits.\n \n \n \n \n \n Highlights of selected intercepts of the high-grade gold mineralization include:\n \n \n \n \n \n \n 42.91 g/t Au and 3...