Almadex's Royalties


Almadex's royalty package consists of projects previously identified by Almadex or Almadex's predecessor, Almaden Minerals. The projects are all located in North America from Canada's northern Yukon Territory to southern Mexico.

Projects are listed in alphabetical order, by country. Please scroll down to read more information on each of our royalty projects.

MEXICAN ROYALTIES

Chihuahua State, Mexico

Gold & Silver

Operator: Endeavour Silver Corp.

Royalty: NSR: 2.0%

La Bufa

La Bufa is 100% owned by Endeavour Silver Corporation (TSX: EDR) and is located adjacent to Endeavour's existing exploration properties in the Guadalupe y Calvo gold-silver district, Chihuahua, Mexico. Past work includes surface sampling, mapping and drilling.

La Bufa covers 2,311 hectares over a nine kilometre length along the northwest trending El Rosario vein system which produced approximately 2 million ounces (oz) gold and 28 million oz silver according to Mexican government records. La Bufa surrounds the El Rosario historic mine owned by Endeavour and is in turn surrounded by additional Endeavour properties totalling 54,872 hectares. As yet no resource has been defined on the La Bufa property.


Veracruz State, Mexico

Copper

Operator: Timmins Gold

Royalty: NSR: 1.5%

Caballo Blanco

Caballo Blanco is a gold project on the east coast of Mexico, located 65 km northwest of Veracruz, Mexico. It is at the PEA stage and consists of two large areas of epithermal gold mineralization.

For more information, please visit Caballo Blanco +

Oaxaca State, Mexico

Gold & Silver

Operator: Gold Resource Corp.

Royalty: NSR: 2.0%

Cerro Colorado

The Cerro Colorado Claim is 100% owned by Gold Resource Corporation (NYSE MKT: GORO) and is located in Oaxaca State and it is road accessible. The claim forms part of Gold Resource Corporation’s El Chamizo project and is located roughly 20 kilometers from their operating Arista gold silver mine.

The project is prospective for epithermal style gold and silver deposits. Past work includes surface sampling, geophysics and drilling. As yet no resource has been defined.

Sinoloa State, Mexico

Gold & Silver

Operator: McEwen Mining Inc.

Royalty: NSR: 2.0%

El Encuentro

The El Encuentro project covers an area of hydrothermal alteration and gold/silver mineralization. Significant gold and silver surface sample results were returned from trench sampling in 1996. No further work has been done since. The project is surrounded by a claim block held by McEwen Mining and is located roughly 10 kilometers from that company’s Gallo gold/silver mine.

Oaxaca State, Mexico

Gold & Silver

Operator: Gold Resource Corp.

Royalty: NSR: 2.0%

El Fuego

The El Fuego Project is 100% owned by Gold Resource Corporation (NYSE MKT: GORO) and is located in Oaxaca State.  The project is road accessible, located roughly 20 kilometers from Gold Resource Corp’s operating Arista gold silver mine and 140 kilometers southeast of Oaxaca City.

The project is prospective for epithermal style gold and silver deposits. Past work includes surface sampling, geophysics and drilling. As yet no resource has been defined.

The Fuego Property was originally recognised by Almaden during the company's 2003 helicopter reconnaissance program when visible gold was collected in several hand specimens on the property.

Puebla State, Mexico

Gold & Silver

Operator: Almaden Minerals Ltd

Royalty: NSR: 2.0%

Tuligtic

Tuligtic is 100% owned by Almaden Minerals Ltd. (TSX: AMM; NYSE MKT: AAU). Tuligtic covers the Ixtaca Gold-Silver deposit, which was discovered by Almaden in 2010.

The Ixtaca deposit currently hosts an N.I. 43-101 compliant Measured and Indicated resource of approximately 93 million tonnes grading 0.55 g/t Au and 32 g/t Ag, for a total of 1.65M ounces of gold and 96.7M ounces of silver.

In September 2014, Almaden reported on a Preliminary Economic Assessment of the Ixtaca deposit, which estimates an economically positive project generating an after-tax IRR of greater than 20% using US$1200/oz gold and US$18/oz silver prices. The project would produce an average of 130,000 ounces of gold and 7.8M ounces of silver per year for approximately 12 years.

For more information, please visit Tuligtic +


CANADIAN ROYALTIES

British Columbia, Canada

Gold

Operator: Gold Mountain Mining Corp.

Royalty: NSR: 2.0%

Elk Gold Project

The Elk Gold Deposit is located within the Similkameen Mining District in southern British Columbia, Canada, approximately 325 km northeast of Vancouver and 55 km west of Okanagan Lake.

The property covers 16,566 hectares and has excellent infrastructure.  The Elk has been subject to a Resource Estimate, a Preliminary Economic Assessment, and a bulk sample program.

For more information, please visit the Elk Gold Deposit +

Yukon Territory, Canada

Zinc / Silver / Copper / Gold / Lead

Operator: Tarsis Resources Ltd.

Royalty: NSR: 2.0%

Goz

The Goz Creek property is owned by Tarsis Resources Ltd. and consists of 90 mineral claims located 180 km northeast of Mayo, Yukon.

The property covers an area of Lower Cambrian carbonate rocks that host Mississippi Valley Type (MVT) mineralization. Diamond drilling in the 1970s defined a historic, non NI 43-101 resource of:

Tons: 2,893,000 | Zinc (%): 11.25 | Zinc (lbs): 650,925,000 

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The historical estimate should, therefore, not be relied upon.

Yukon Territory, Canada

Zinc / Silver / Copper / Gold / Lead

Operator: Tarsis Resources Ltd.

Royalty: NSR: 2.0%

Mor

The MOR Property is owned by Tarsis Resources Ltd. and is located 35 km east of Teslin, Yukon, Canada, and 1.5 km north of the paved, all weather Alaska Highway. A planned hydro-electric generating station is sited 3 km southwest of the property (source: Yukon Energy). The port of Skagway lies 295 km southwest of the property by road.

The property covers geology prospective for base and precious metal volcanogenic massive sulphide style deposits. The stratigraphy is believed to be part of the Yukon-Tanana-Terrane, having similarities to the Finlayson Lake District which hosts several significant VMS deposits including Wolverine and Kud Ze Kayah. Past work includes surface sampling, geophysics and drilling. As yet no resource has been defined.

British Columbia, Canada

Zinc / Silver / Copper / Gold / Lead

Operator: Berkwood Resources

Royalty: NSR: 2.0%

Prospect Valley

The Prospect Valley Gold Property is 100% owned by Berkwood Resources Ltd. (TSX-V: BKR) and is road-accessible from Merritt, British Columbia. It is situated in the Spences Bridge Gold Belt, an exciting gold district in southern British Columbia.

The property covers an area prospective for controlled epithermal gold and silver deposits. Past work includes surface sampling, geophysics and diamond drilling. A NI 43-101 compliant Mineral Resource estimates were calculated on two of these gold prospects, the North Discovery Zone and South Discovery Zone.

The North and South Discovery Zones host a combined inferred mineral resource estimated at 166,000 ounces gold grading 0.511 g/t gold in 10,077,000 metric tonnes above a cut-off grade of 0.30g/t gold. The zones remain open for expansion in all directions with a still open central target zone stretching over 3km in length. The property is host to a number of other gold prospects not yet drilled. Mineralogical and alteration studies indicate potential for a high grade mineral system at depth.

Yukon Territory, Canada

Zinc / Silver / Copper / Gold / Lead

Operator: Tarsis Resources Ltd.

Royalty: NSR: 2.0%

Prospector Mountain

The Prospector Mountain property is owned by Tarsis Resources Ltd. and covers an area prospective for epithermal gold silver and porphyry copper gold mineralization the project is located 90 kilometres northwest of Carmacks, Yukon.

Past work includes surface sampling, geophysics and drilling. As yet no resource has been defined.

Yukon Territory, Canada

Gold & Silver

Operator: Tarsis Resources Ltd.

Royalty: NSR: 2.0%

Ram

The Ram gold property is owned by Ross River Minerals and is located within the Tintina gold belt, approximately 75 kilometres south of Ross River in the Yukon. The property consists of mineral claims covering an area prospective for gold and is road accessible.

Past work includes surface sampling, geophysics and drilling. As yet no resource has been defined.

Yukon Territory, Canada

Zinc / Silver / Copper / Gold / Lead

Operator: Tarsis Resources Ltd.

Royalty: NSR: 2.0%

Tim

The Tim property is owned by Tarsis Resource Ltd. and consists of mineral claims located 72 km west of Watson Lake, Yukon and 12 km northeast of the Silvertip deposit. The property is accessible by road.

The Tim property claims cover an area of anomalous silver-lead-zinc in soil geochemistry. Trenching in 1988 by Cordilleran Engineering uncovered silver, lead, zinc bearing iron and manganese oxides over widths of up to 30 m over a strike length of 1 km. The property has the potential to host a carbonate replacement - manto style deposit, similar in nature to the nearby Silvertip/Midway deposit, owned by JDS Engineering. As yet no resource has been defined.

USA ROYALTIES

Nevada, USA

Gold

Operator: Tarsis Resources Ltd.

Royalty: NSR: 2.0%

BP

The road-accessible BP property is 100% owned by Tarsis Resources Ltd. and located on the Carlin Trend between the Rain Mine and the Bald Mountain Mine. The BP project is prospective for gold and feature Carlin-style pathfinder elements and geological settings believed to be supportive of this model.

Past work includes surface mapping and sampling. As yet no resource has been defined.

Nevada, USA

Gold

Operator: Tarsis Resources Ltd.

Royalty: NSR: 2.0%

Black Jack Springs

The road-accessible Black Jack Springs property is 100% owned by Tarsis Resources Ltd. and located near Ely Nevada. The project is prospective for gold and feature Carlin-style pathfinder elements and geological settings believed to be supportive of this model.

Past work includes surface mapping and sampling. As yet no resource has been defined.