Exploring Sandstorm Gold Royalties' Latest Drilling Developments

Updates on Sandstorm Gold Royalties' Drilling Portfolio

Sandstorm Gold Ltd. (NYSE: SAND) recently updated the market on their exciting drilling and exploration activities throughout their diverse portfolio of streaming and royalty assets. The company is dedicated to expanding its reach in precious metals through strategic investments and ongoing projects.

Exciting Developments at Lundin Gold

Recent news from Lundin Gold Inc. highlights significant progress at the Fruta del Norte mine. Their 2024 near-mine drill program has successfully discovered the Bonza Sur gold deposit. Located just one kilometre south of the Fruta del Norte mine, this promising deposit has shown a mineralized envelope extending over 1.8 kilometres long, 100 metres wide, and deepening significantly with over 50 drill holes.

The high-grade core discovered exhibits plentiful hydrothermal alteration and quartz veins. Lundin Gold's program, now extended to include an additional 10,000 metres of drilling (totaling 56,000 metres), aims to fully assess the deposit's potential. The company anticipates a total cost of around US$44 million for the ongoing program.

Future Expectations on Bonza Sur

Lundin Gold is not only focused on exploration; they are also planning a metallurgical study and expect a Mineral Resource Estimate to be available by mid-2025. Their recent Investor Day has raised expectations for Bonza Sur to emerge as a second producing deposit within the La Zarza mining concession, with a Preliminary Economic Assessment projected to reveal the feasibility of establishing a new open-pit mine capable of processing 10,000 to 15,000 tonnes daily.

High-Grade Results from Bonterra's Phoenix JV

Bonterra Resources Inc. has announced high-grade drill results at their Phoenix Joint Venture, which is under a definitive earn-in agreement with Osisko Mining Inc. A notable achievement includes approximately 60,000 metres drilled thus far, with 37,000 metres focused solely on the Moss target.

Drilling Results at Moss Target

The results reported from the Moss target display high-grade mineralization, providing confidence in future mining prospects. Noteworthy intercepts include 38.33 g/t gold over a 1.1-metre interval, as well as multiple additional intercepts highlighting strong mineralization across varying depths. Total expenditures are expected to exceed the minimum annual commitment outlined in their joint venture, reinforcing the project's viability.

Exploring Awalé Resources' High-Grade Discoveries

Awalé Resources Limited reports promising results at the Odienné project in Côte d'Ivoire, where their ongoing drill program has unveiled multiple high-grade intercepts at the BBM and Charger Zones. After a significant discovery in early 2024, follow-up drilling has confirmed continuity in high-grade mineralization.

BBM and Charger Zone Highlights

Highlights from this drilling program include intercepts of 2.2 g/t gold over 35 metres from the BBM Zone, alongside impressive results from the Charger Zone showcasing 20 g/t gold over 29 metres. Awalé plans to ramp up its drilling efforts, targeting 25,000 metres by the end of 2024, further expanding their exploration ambitions.

Antipa Minerals Completes Phase 1 Drilling

Antipa Minerals Ltd. has successfully completed its Phase 1 drilling program at the Minyari Dome gold-copper project, achieving substantial gains in mineralized footprint from positive drilling results. The program has expanded beyond its original scope, targeting significant gold mineralization at various sites.

Significant Gold Mineralization Results

Notable intersections at the GEO-01 discovery include 35 metres at 3.0 g/t gold, indicating both near-surface and high-grade potential. The company plans to refine and expand their mineral resource base with a focus on incorporating these promising results.

Troilus Gold's New Discoveries

Troilus Gold Corp. has been making headlines with the release of their Feasibility Study for the Troilus gold-copper project. The study outlines impressive projections, including average annual production figures of over 244,600 ounces of gold.

High-Grade Discoveries at the West Rim Zone

The recent discovery of the West Rim Zone has bolstered Troilus's mining prospects, providing high-grade results from ongoing drilling campaigns. Initial results indicate strong gold grades, further encouraging exploration efforts in this promising area.

Conclusion

Sandstorm Gold Royalties continues to strengthen its portfolio through active investments in promising mining projects. By monitoring their progress, investors can gain insights into the emerging opportunities within the precious metals sector. As drilling programs unfold, the potential for substantial gold assets in their portfolio remains evident.

Frequently Asked Questions

What is the focus of Sandstorm Gold Royalties?

Sandstorm Gold Royalties is focused on acquiring and managing a portfolio of royalty interests in precious metals mining operations.

What recent updates were provided by Lundin Gold?

Lundin Gold announced significant results from their near-mine drilling program, revealing the Bonza Sur gold deposit and expanding their drilling efforts.

What results has Awalé Resources reported?

Awalé Resources has reported high-grade intercepts of gold, particularly at the BBM and Charger Zones, showcasing strong mineralization potential.

How did Antipa Minerals perform in their drilling efforts?

Antipa Minerals has completed their Phase 1 drilling program, achieving notable gold intersections and expanding their mineralized footprint.

What can we expect from Troilus Gold in the near future?

Troilus Gold has reported promising drill results and is refining its targeting strategy for upcoming drilling sessions, focusing on expanding its resources.

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