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San Albino Royalty Drilling Highlighted by 23.47 g/t Au over 9.5 m (Estimated True Width); 15 m from Surface
Tortola, British Virgin Islands--(Newsfile Corp. - September 7, 2023) - Sailfish Royalty Corp. (T...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"San Albino Royalty Drilling Highlighted by 23.47 g/t Au over 9.5 m (Estimated True Width); 15 m from SurfaceTortola, British Virgin Islands--(Newsfile Corp. - September 7, 2023) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the \"Company\" or \"Sailfish\") is pleased to report that Mako Mining Corp. (\"Mako\") has announced the results from 68 reverse circulation (\"RC\") infill drill holes at the Las Conchitas area of its wholly-owned San Albino-Murra property located in northern Nicaragua. Mako's main objective of the near-surface infill RC drilling program is to gain a higher level of confidence of the geometry of gold mineralization where Mako has received a permit to process material through the San Albino plant. Las Conchitas is located just south of the producing San Albino gold mine (\"San Albino\"), which is currently in commercial production. Drilling was highlighted by:Drilling Highlights:23.47 grams-per-tonne (\"g/t\") gold (\"Au\") and 32.6 g/t silver (\"Ag\") over 11.0 meters (\"m\") (9.5m estimated true width (\"ETW\"))13.78 g/t Au and 20.6 g/t Ag over 4.0 m (3.1m ETW)12.03 g/t Au and 21.9 g/t Ag over 5.0 m (4.7m ETW)21.80 g/t Au and 17.1 g/t Ag over 7.0 m (6.1m ETW)28.78 g/t Au and 30.5 g/t Ag over 3.0 m (ETW)7.00 g/t Au and 14.6 g/t Ag over 11.0 m (9.5m ETW)As a reminder to shareholders, Sailfish currently holds a gold stream equivalent to a 3% net smelter return royalty (\"NSR\") on San Albino and a 2% NSR on the entire Las Conchitas area which consists of Las Conchitas North, Las Conchitas Central and Las Conchitas South (collectively, \"Las Conchitas\").Paolo Lostritto, Chief Executive Officer of Sailfish, states that, \"This recent drilling at Las Conchitas continues to bode well for the near-term expected cash flows from our 2% NSR on the entire Las Conchitas area. We look forward to a maiden resource at Las Conchitas as a market snapshot to the value of our royalty. In addition, Mako has started to mine and process mineralized material as a part of a metallurgical program at Las Conchitas. It is important to highlight the higher than previously reported silver grades encountered in this drilling as it bodes well for our silver stream option that was announced on May 25th, 2023.\"For complete information on these results, please refer to Mako's news release issued on September 6, 2023, which is avai...