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Sailfish Provides Updates on San Albino and El Compas Royalties
Sailfish Provides Updates on San Albino and El Compas Royalties Canada NewsWire ...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"\n\n\n\nSailfish Provides Updates on San Albino and El Compas Royalties\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\nCanada NewsWire\nTORTOLA, British Virgin Islands, May 7, 2019\n\n\n\nTORTOLA, British Virgin Islands, May 7, 2019 /CNW/ - Sailfish Royalty Corp. (TSX-V: FISH) (the \"Company\" or \"Sailfish\") is pleased to announce significant updates on two of the Company's royalties.\n\n \n \n\n \nSan Albino \nOn May 6, 2019, Mako Mining Corp. (\"Mako\") publicly announced drill results from the Mango Zone within the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua. The results reported in the announcement confirmed a near surface, high-grade zone with a dip continuity of 400 meters and a strike continuity of 150 meters. The Mango Zone is open along strike and down dip. Specifically, drill hole LC19-70 intersected the highest gold grade drilled to date of 376.49 g/t Au over 1 meter. This interval had visible gold and was approximately 70 meters from drill hole LC11-01, which intersected 69.96 g/t Au over 3 meters (see Golden Reign Resources Ltd., Mako's predecessor, press release dated February 22, 2012). The mineralized intercepts at LC19-70 and LC11-01 were less than 40 meters from surface.\nThese drill results are on land where Sailfish has a 2% NSR royalty, which was received as part of the restructuring of the Company's gold stream on the San Albino gold project (the \"Stream Restructuring\").  The Stream Restructuring was associated with the merger of Marlin Gold Mining Ltd. and Golden Reign Resources Ltd., which created Mako in 2018 (see Sailfish press release dated November 9, 2018). Prior to the Stream Restructuring, Sailfish did not have a royalty over the Las Conchitas area and other exploration targets currently being drilled by Mako.\nMako also provided an update on construction financing for the San Albino project. Wexford Capital LP, through funds managed by Wexford Capital LP (collectively, \"Wexford\"), which is the controlling shareholder of the Compan...