EMX Royalty offers four gold projects to Hochschild Mining

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(Kitco News) – EMX Royalty (TSXV: EMX) announced today that it has optioned its four precious metals projects, located in Idaho and Nevada, to Hochschild Mining.

In a statement, the company said the agreements with Hochschild provide EMX with work commitments and cash payments during the Hochschild acquisition period, and upon the acquisition of a given project, an NSR royalty of 4%, Advance Annual Royalty Payments and a Milestone Payments.

Under the agreements, Hochschild may acquire a 100% interest in each individual project by making option payments totaling $ 600,000, making exploration expenses of $ 1,500,000 before the fifth anniversary of a given agreement. and reimbursing EMX for the previous year’s holding costs.

When exercising an option, EMX will retain a 4% NSR royalty on a project. Hochschild will also make annual advance royalty payments of $ 50,000 which will increase to $ 100,000 upon completion of a preliminary economic assessment.

In addition, Hochschild will make project milestone payments in the amount of $ 500,000 upon completion of a PEA, $ 1,000,000 upon completion of a pre-feasibility study, and $ 1,000,000. upon completion of a feasibility study.

The three Idaho projects, Valve House, Timber Butte, and Lehman Butte are located in south and south-central Idaho. Valve House and Timber Butte harbor Carlin-style gold mineralization in potential carbonate-rich lithologies. Lehman Butte harbors epithermal-style veins in Eocene volcanic rocks and jaspers in older Paleozoic carbonate rocks.

The Speed ​​Goat Project hosts a gold and copper target linked to an intrusion located in the great Battle Mountain-Eureka gold belt of north-central Nevada.

EMX is a precious metals, base and battery royalty company.

Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation to effect an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.

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