EMX’s acquisition of the Perry Portfolio of properties cover approximately 132,000 hectares (326,600 acres), consisting primarily of projects hosting Archean lode gold and orogenic gold targets. Some projects also have potential for volcanogenic massive sulfide (“VMS”) mineralization. EMX’s acquisition of the Portfolio provides upside exploration exposure to highly productive and active mining districts that contain numerous multi-million ounce gold deposits, including the Red Lake district where Pure Gold, Great Bear Resources and BTU Metals have recently had considerable success, the western Wabigoon belt (Treasury Metals, First Mining, Manitou Gold), the Wawa belt (Wesdome), and the Sunday Lake Fault corridor in the Abitibi belt (host to Kirkland Lake Gold’s Detour Lake mine and Wallbridge Mining’s Fenelon and Martinière projects).
The purchase of this substantial Portfolio marks EMX’s entry into Canada’s Superior Province, which hosts several highly productive mining districts and greenstone belts in Ontario and Quebec. The Portfolio includes properties in the prolific Red Lake district, as well as in the highly prospective districts of the Abitibi, Uchi, Wabigoon and Wawa sub-provinces.
In July 2020 EMX has executed a purchase agreement for this portfolio of royalty and property interests from Canadian prospector and entrepreneur Perry English, through his company 1544230 Ontario Inc., for C$3 million. The Portfolio consists of over 60 properties, including 52 projects optioned to third parties, of which 39 include provisions for NSR royalty interests. The Portfolio will generate cash flow to EMX from option payments as well as share-based payments. Based on a current valuation, EMX’s investment will pay for itself, with EMX retaining upside from NSR royalty interests that range from 0.75% to 2.5% on the optioned projects.
For more information on the Perry portfolio and available projects please contact Sergio Cattalani at email@example.com
*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