EMX’s Fäboliden Norra, Fäboliden Södra, and Rötjärnen projects form a portfolio of projects named The Southern Gold Line. The Southern Gold Line properties form a group of licenses in the vicinity of and around Dragon Mining Ltd’s Fäboliden gold development project in central Sweden2. This portfolio of gold licenses represents a continuation of EMX’s work along the “Gold Line” in central Sweden, a geologic trend that contains numerous precious metal occurrences, deposits, mines and exploration projects.
These projects are early-stage, high-potential projects that target similar structural terrain as other known deposits in the belt. Regional targeting includes intersections of large-scale regional structures (faults and shear zones). Boundaries between rigid granitoids and ductile greenstone/meta sediments are commons sites for gold deposition1. World-class orogenic gold deposits occur in strain gradients adjacent to triple-joint junctions1 and known gold projects in the district occur along these structures and within pressure shadows of granitoids.
EMX has developed a set of techniques cultivated over years of experience that has the proven capability to generate drill targets. EMX’s familiarity in this terrain led us to generate these greenfield targets in 2019.
In August 2020 EMX announced the execution of an option agreement for Southern Gold Line projects with New Dimension Resources (renamed to Capella Minerals TSX-V: CMIL, FRA: N7D2)(“CAP”) which provides EMX with up to a 9.9% equity interest in CAP, annual advance royalty payments, 2.5% Net Smelter Returns (“NSR”) royalty interests in the Projects and other considerations. See Company news release dated August 11, 2020 for more information.
*Note: The nearby mine provide geologic context for EMX’s Project, but this is not necessarily indicative that the Project hosts similar tonnages or grades of mineralization
1) Groves et al 2018: Structural geometry of orogenic gold deposits: Implications for exploration of world-class and giant deposits