EMX’s Maggie Creek South and Maggie Creek royalty properties provide Carlin Trend exploration upside within about 1- 2 kilometers of Newmont’s Gold Quarry open pit mining operation. The Maggie Creek South 3% NSR royalty property was acquired in the 2012 merger with Bullion Monarch, and the Maggie Creek 2% NSR (1% NSR on non-precious metals) royalty property was purchased in 2016. These properties collectively cover approximately 12.4 square kilometers of prospective ground in the world-class Maggie Creek gold mining district, and properties provide exceptional near-term exploration upside.
The Maggie Creek South royalty property occurs south-southeast of Gold Quarry, and covers about 5.2 square kilometers of prospective ground controlled by Newmont on the southeast projection of the Good Hope fault trend. This trend has an alignment of deposits along its length that includes Mike, Tusc, Mac, and Gold Quarry, as well as the down-dip projection of favorable host rocks onto EMX’s royalty property.
The Maggie Creek royalty property occurs north-northeast of Gold Quarry, and is covered by mining claims controlled by Nevada Gold Mines. The property occurs along the northeast projection of the Gold Quarry fault zone, which is an important mineralizing control at the Gold Quarry mine. Historic exploration drilling consisted of shallow, vertical holes that did not thoroughly test Carlin-type targets in the “upper plate” or “lower plate” rocks of the Roberts Mountain Allocthon. Notably, a “window” of favorable lower plate carbonate rocks is exposed in the claim block just north of Newmont’s Rainbow deposit (described in NBMG Bulletin 111, 2002).
Note: The nearby mines and deposits in the region provide context for EMX’s Project, but this is not necessarily indicative that the Project hosts similar mineralization.