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Vox Royalty Acquires Rancher Royalty On South Railroad Gold Development Project In Nevada
GEORGE TOWN, Cayman Islands, June 7, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) ("Vox" or the "Company"), a high growth precious metals focused royalty company,
About this update from Vox Royalty Corp
[{"type":"text","content":" GEORGE TOWN, Cayman Islands, June 7, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (\"Vox\" or the \"Company\"), a high growth precious metals focused royalty company, is pleased to announce that it has entered into binding agreements with a group of private individuals pursuant to which Vox will acquire an effective aggregate 0.633% net smelter returns royalty and associated advance minimum royalty payments of over C$120,000 per annum (the \"Royalty\") on part of Gold Standard Ventures (\"GSV\") Railroad-Pinion Gold Project (\"Railroad Pinion\") located on the prolific Carlin Trend in Elko County, Nevada for total cash consideration of US$1,980,000 (collectively, the \"Transaction\"). Spencer Cole, Executive Vice President of North America stated: \"Vox is excited to announce its first Nevada gold royalty acquisition over a Carlin Trend project that is rapidly advancing towards feasibility completion in 2021 and a subsequent construction decision. Vox acquired this royalty from a family associated with the Nevada ranch where the South Railroad project is located. The royalty covers approximately 35% of the resource base at South Railroad and most of GSV's ongoing expansion drilling at Dark Star, Pinion and Jasperoid Wash. We look forward to further value being unlocked for Vox shareholders as the South Railroad Project is rapidly progressed towards production.\" Transaction Highlights Acquisition provides exposure to one of Nevada's most rapidly advancing gold development projects at the pre-feasibility stage South Railroad Project (\"South Railroad\") that hosts a total resource estimate of 85Mt @ 0.7g/t Au, 4.1g/t Ag for 1.856Moz Au, 5.251Moz Ag(2). The Royalty covers large portions of the Dark Star, Pinion and Jasperoid Wash deposits at South Railroad as well as portions of the POD and Bald Mountain zones in the North Railroad portion (\"North Railroad\") of Railroad Pinion. GSV released an updated Pre-Feasibility Study on the Dark Star and Pinion deposits at South Railroad on March 24, 2020 (\"PFS\")(1), which envisaged an 8-year open pit, heap leach mine life producing a total of 923Koz, with 146Koz per annum expected to be produced in the first 5 years of operation at an all-in sustaining cost (\"AISC\") of US$707/ounce and initial capex of US$133M. GSV is expecting to release a feasibility study on South Rai...