Business
Sailfish Provides Update on its San Albino Royalty; Highlighted by the Discovery of New Gold Bearing Veins at Las Conchitas North and Declares Q2 2022 Dividend
Sailfish Provides Update on its San Albino Royalty; Highlighted by the Discovery of New G...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"\n \n \n \n Sailfish Provides Update on its San Albino Royalty; Highlighted by the Discovery of New Gold Bearing Veins at Las Conchitas North and Declares Q2 2022 Dividend\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,\n \n British Virgin Islands\n \n \n ,\n \n \n June 1, 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 report that Mako Mining Corp. (\"\n \n Mako\n \n \") has announced a discovery of new gold bearing veins at Las Conchitas North, including an intercept of 51.80 grams per tonne (\"\n \n g/t\n \n \") gold and 29.8 g/t silver over 0.90 meters (\"\n \n m\n \n \") (estimated true width), which is located approximately\n \n 750 m\n \n south of the San Albino gold mine.\n \n \n \n \n \n \n \n \n \n As a reminder to shareholders, Sailfish currently holds a gold stream equivalent to a 3% net smelter return royalty (\"\n \n NSR\n \n \") on the producing San Albino gold mine located in northern\n \n Nicaragua\n \n (\"\n \n San Albino\n \n \") and a 2% NSR on the Las Conchitas area which consists of Las Conchitas North, Las Conchitas Central and Las Conchitas South (collectively, \"\n \n Las Conchitas\n \n \").\n \n \n \n Cesar Gonzalez\n \n , Chief Executive Officer of Sailfish states that, \"We continue to be impressed with the Mako exploration team as they execute on their\n \n US$17.2 million\n \n and\n \n 110,080 m\n \n exploration campaign announced on\n \n March 9, 2022\n \n . We are especially excited with the announcement of a gold discovery at Las Conchitas North, only\n \n 750 m\n \n from the producing San Albino gold mine. In addition to the cash flow currently being generated from the gold stream on the San Albino gold mine, we look forward to future production and cash flow from our 2% NSR on Las Conchitas. We are also pleased to report that we have declared our fourth consecutive quarterly dividend of\n \n US$0.0125\n \n per share, which will be payable on\n \n July 15, 2022\n \n to shareholders of recor...