#Canada #Vancouver #Sandstorm Gold #Fruta del Norte #Bonikro Gold

Sandstorm Gold Royalties' Recent Exploration Updates

In a recent announcement, Sandstorm Gold Ltd. detailed significant exploration and development progress in its diversified royalty portfolio. This update highlights key advancements from various projects that enhance the company's prospects in the mining sector.

High-Grade Results From Fruta del Norte

Lundin Gold Inc., involved with the Fruta del Norte gold mine in Ecuador, reported more promising high-grade results from its drilling initiatives. The continued exploration efforts have confirmed the continuity of a mineralized system below the main deposit, with an aim to extend the operational life of the mine. Notably, a total of 45,325 meters have been drilled across 120 holes, revealing high-grade intercepts such as 22.67 grams per tonne (g/t) gold over 41.6 meters in the latest tests. Such results bolster confidence in further resource expansion within this significant mining asset.

Resource Upgrade at Bonikro Gold Mine

Moving across the globe, Allied Gold Corporation has also made progress at the Bonikro mine in Côte d'Ivoire. Their exploration efforts have focused on resource drilling across two key licenses, effectively completing over 12,000 meters at the Hire mining license and more than 10,000 meters at the Oume exploration license. These activities, aimed at connecting mineralized zones, have been marked by the discovery of a mineralized structure linking two deposits, setting the stage for further resource estimation and potential upgrades.

Growth in Minyari Dome Project

Antipa Minerals Limited has released a revised Scoping Study for its Minyari Dome project in Western Australia, reporting a notable 33% increase in the gold resource estimate, now standing at approximately 2.3 million ounces. This positive assessment indicates impressive potential for initial gold production and underscores the project's viability for future development. The ongoing drilling program signifies the company’s commitment to expanding the resource base, thus enhancing economic fundamentals.

Progress in Awalé's Drilling Programs

Awalé Resources Limited continues to achieve significant results at its Odienné project in Côte d'Ivoire. The company's ongoing drilling has yielded important findings, including a remarkable intercept of 14.7 g/t gold over 59 meters from their Charger Zone, confirming the high-grade mineralization within the breccia structures. The BBM Zone has similarly presented strong continuity of grade, enabling Awalé to formulate plans for subsequent drilling campaigns into 2025.

Project Financing Advances by Troilus Gold

Lastly, Troilus Gold Corp has recently secured Letters of Intent for project financing amounting to up to $1.3 billion from prominent Canadian and European export credit agencies. This funding is critical for the development of their Troilus copper-gold project situated in Quebec, Canada, potentially enabling significant steps toward project realization.

Conclusion

Sandstorm Gold Royalties continues to progressively enhance its standing through strategic royalty acquisitions and supportive exploration initiatives within its asset portfolio. The latest developments not only highlight individual project advancements but collectively elevate Sandstorm’s growth prospects in the precious metals sector. Investors and stakeholders keenly await upcoming resource updates and further drilling results that promise to shape the future trajectory of these projects. To stay updated, visit Sandstorm and associated companies' websites for comprehensive insights into their latest progress, including detailed drilling results and operational strategies.