E&L Nickel Mountain

EMX holds a 1% NSR on the E&L Nickel Mountain project. The royalty covers the E&L Nickel project and is within Garibaldi’s 6,300-hectare property located within the Eskay Camp of British Columbia’s “Golden Triangle” region. This land package includes the Nickel Mountain polymetallic (nickel, copper, platinum group elements, and gold) magmatic sulfide deposit, as well as an orogenic gold target at Casper that displays grades up to 249 g/t Au. The property is owned and operated by Garibaldi Resources Corp. (TSX-V: GGI; “Garibaldi”).

Drilling at the E&L Nickel Mountain project has intercepted grades including 16.75 meters averaging 8.29% Ni, 4.24% Cu, 1.96 g/t Pt, 4.55 g/t Pd, 1.13 g/t Au and 11.1 g/t silver**. When compared to world-class Ni-Cu-PGE deposits, massive sulfides from Nickel Mountain contain some of the highest Ni grades and tenor in the world. 

Value at the E&L Nickel Mountain project is likely to increase. The Upper and Lower Discovery, Northeast, Central, and Northwest zones of mineralization are open for expansion in multiple directions. The Nickel Mountain gabbroic complex has a strike length of at least 12 km and is at least 1 km wide, providing a large area in which new discoveries can be made. The current model of formation for the E&L Nickel Mountain deposit suggests that there are additional chambers of the magma pipe at depth, where additional mineralization may have formed within the pipe, along its flanks, and within footwall lenses.

Garibaldi plans to continue exploration on the property and to drill infill holes at Nickel Mountain to enhance the resource modelling and extend the known sulfide zones. 

*Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.

**Intercepts from Garibaldi Resources News release dated Dec 8, 2017, and are approximate true widths. EMX has not performed sufficient work to verify the drilling, but believes this information is considered reliable and relevant


Location of the E&L Nickel Mountain Project (source Garibaldi Resources Corp website February 2024) Click to Enlarge
Schematic diagrams of the E&L Nickel Mountain project. Left: depiction of magma emplacement that forms E&L intrusion; Right: depiction of expected relationship between E&L Intrusion and mineralization. (source Garibaldi Resources Corp website December 2021) Click to Enlarge