Vancouver, British Columbia, October 17, 2016 (TSX Venture: EMX; NYSE MKT: EMXX) – Eurasian Minerals Inc. (the “Company” or “EMX”) is pleased to announce the sale of five patented mining claims comprising its Ophir property in Utah (the “Property”), through its wholly owned subsidiary Bullion Monarch Mining Inc., to Kennecott Exploration Company (“Kennecott”), part of the Rio Tinto Group. The terms of the sale include a cash payment to EMX at closing, with the Company retaining a 2% NSR royalty on the Property.
Kennecott is actively conducting copper porphyry exploration in the Ophir mining district, and is a quality partner for what is now an EMX royalty property. EMX and Kennecott are also exploring the Company’s Superior West porphyry copper project in Arizona under an Exploration and Option to Purchase Agreement. Please see