The Hunter 1-12 royalty asset covers ten claim blocks within the Cassiar North area of the Cassiar Gold Property in northern British Columbia. The primary exploration target in the Cassiar North area is the Taurus deposit, which is a large, bulk-tonnage opportunity with high-grade vein targets. The royalty asset covers the Sable, Plaza, Gap, and 88 Hill zones, as well as portions of the Taurus West (Northwest Zone), 88 West (West Zone and Southwest Zone), and Highway zones.
Historical production from the Taurus mine between 1981 and 1988 totaled 34,000 oz Au at an average grade of 4.11 g/t Au. The most current in-pit inferred resource estimate for the Taurus area is 37.9 Mtonnes at an average grade of 1.14 g/t Au totaling 1.39 Moz Au (cut-off is 0.5 g/t Au). The deposit remains open laterally in all directions. Mr Scott Zelligan, P. Geo and Qualified Person has prepared the report. The property is currently owned and operated by Cassiar Gold Corp. (TSX-V: GLDC; “Cassiar”). The 2021 drilling campaign confirmed the presence of continuous zones of higher-grade, shallow gold mineralization in the Northwest, 88 Hill, and Gap zones and tested prospective mineralization corridors where the resource remains open. Cassiar is actively advancing the Taurus deposit, with an active mine permit and a fully permitted existing mill, capable of processing 300 tons per day.
EMX acquired the 2.5% NSR royalty on the Hunter claims within the Cassiar Gold project from SSR Mining Inc. in 2021 (see EMX Press Release dated July 29, 2021).
*Note: The nearby mines and deposits in the region provide context for EMX’s royalty asset, which occurs in a similar geologic setting, but this is not necessarily indicative that the project hosts similar mineralization.
**The above resource data was from the Cassiar Gold Corp., May 10, 2022. NI-43-101 Technical Report on the Cassiar Gold Project. Effective date: April 28, 2022. QP: Mr. Scott Zelligan. EMX has not done sufficient work to classify the resource as compliant with NI 43-101 regulation, and these results should not be relied upon until they are confirmed. However, EMX believes these results to be reliable and relevant.