Valve House, Idaho | EMX Royalty Corp.

The Valve House project is located 20 km SSE of Pocatello, Idaho and is a Carlin-type gold project hosted within Cambrian-Ordovician silty limestone units. The project has stratigraphically (and structurally?) controlled jasperoid anomalous in Au-Ag-As over a 9 km2 area, up to 3.12 g/t Au in rock chip (n=274, avg. 0.213 g/t Au), and widespread > 1 g/t Au samples. Localized soil grids highlight three gold-in-in-soil anomalies open in at least one direction. Two anomalies have never been tested by drilling.

Host rocks are Cambrian to Ordovician limestone and dolomite with multiple primary structural orientations (NNE dominant?) controlling mineralization with secondary stratigraphic control. Alteration consists of jasperoid in limestone and silicification/decalcification in clastic units.

Targets include near surface, oxide Carlin-type gold that have widespread oxidized jasperoid anomalous in Au-Ag-As. There are also three discrete gold-in-soil anomalies with two remaining incompletely tested by drilling and soil anomalies are open in at least one direction. The Valve House project has many opportunities to utilize property wide geochemistry and geophysics to identify new target areas

In March 2023 EMX sold the project to Scout Discoveries Corporation (“Scout”) for a 19.9% stake in Scout, plus a 3.25% net smelter return (“NSR”) on the property, annual advanced royalty payments (“AAR”), and milestone payments. See Company news release dated March 8, 2023 for more details. Scout is a U.S. private corporation headquartered in Coeur d’Alene, Idaho.

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