Almadex's Royalties
Almadex’s royalty package consists of projects 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 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
Gold
Operator: Candelaria Mining
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 +
Veracruz State, Mexico
Gold & Copper
Operator: Azucar Minerals Ltd
Royalty: NSR: 1.75% NSR
El Cobre
El Cobre is 100% owned by Azucar Minerals Ltd. (TSX-V: AMZ; OTCQX: AXDDF). El Cobre is a copper-gold porphyry target on the east coast of Mexico. The ~7,300 hectare claim block covers copper-gold porphyry mineralization known to exist over a strike length of at least four kilometers.
The project has four copper-gold porphyry targets: Encinal, El Porvenir, Norte and Villa Rica. The porphyries are defined by distinct copper-gold soil anomalies, discrete positive magnetic features and an extensive shallow IP chargeability anomaly.
Recent drilling at El Cobre has identified strong mineralization at the Norte, Villa Rica, and El Porvenir targets, in particular. In May, 2018, Newcrest Mining, a major mining company based in Melbourne, Australia, acquired a 19.9% interest in Azucar Minerals in exchange for $19 million.
For more information, please visit El Cobre +
Oaxaca State, Mexico
Gold & Silver
Operator: Gold Resource Corp
Royalty: NSR: 2.0%
Cerro Colorado
The Cerro Colorado Claim 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. 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.
Sinoloa State, Mexico
Gold & Silver
Operator: Gold Resource Corp.
Royalty: NSR: 2.0%
El Fuego
The El Fuego Project 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
Sonora State, Mexico
Gold & Silver
Operator: Aloro Mining Corp.
Royalty: NSR: 2.0%
Los Venados
The Venados project is approximately 1,500 hectares and is located in the area of the La India (Agnico Eagle Mines Limited) and Mulatos (Alamos Gold Inc.) gold mines.
Alteration mapping and geochemical sampling have defined an alteration zone which is high-sulphidation epithermal in nature, similar to that on the adjacent Mulatos and La India Mine projects.
Almadex acquired an option to earn 100% in this project from a third party in 2015, and in 2016 Almadex sold this option to Wolverine Minerals Corp. (now Aloro Mining Corp.) in exchange for up to 2 million Wolverine shares shares over a three year period, and a retained 2.0% NSR royalty.
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 American: AAU). Tuligtic covers the Ixtaca Gold-Silver deposit, which was discovered by Almaden in 2010.
The Ixtaca deposit currently hosts a reserve of 1.4 million ounces of gold and 85.1 million ounces of silver.
In January 2019, Almaden filed on SEDAR a Feasibility Study prepared in accordance with N.I. 43-101, which indicated that Ixtaca would produce 945,000 ounces of gold and 63.4 million ounces of silver over an 11 year mine life. The after-tax NPV (5%) would be US$310 million, and After Tax IRR would be 42%, assuming US$1275/oz Gold and US$17/oz Silver prices.
For more information, please visit Tuligtic +
CANADIAN ROYALTIES
Yukon Territory, Canada
Zinc / Silver / Copper / Gold / Lead
Operator: Alianza Minerals Ltd.
Royalty: NSR: 2.0%
Goz
The Goz Creek property 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: Alianza Minerals Ltd.
Royalty: NSR: 2.0%
Mor
The MOR Property 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
Gold / Silver
Operator: Westhaven Ventures Inc
Royalty: NSR: 2.0%
Prospect Valley
The Prospect Valley Gold Property is owned by Westhaven Ventures Inc. (TSX-V: WHN) 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.
Yukon Territory, Canada
Gold & Silver
Operator: Long & Associates
Royalty: NSR: 2.0%
Ram
The Ram gold property is owned by Long & Associates 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.
BC, Canada
Gold & Silver
Operator: Westhaven Ventures
Royalty: NSR: 2.0% NSR
Skoonka Creek
The Skoonka Creek project is accessible by road, roughly 25 kilometers northeast of the Lytton, BC and the Trans-Canada Highway.
The property covers an area of epithermal alteration and veining prospective for gold and silver mineralization. Past work includes surface sampling, geophysics and drilling.
Yukon Territory, Canada
Zinc / Silver / Copper / Gold / Lead
Operator: Alianza Minerals
Royalty: NSR: 2.0%
Tim
The Tim property 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: Alianza Minerals
Royalty: NSR: 2.0%
BP
The road-accessible BP is property located on the Carlin Trend between the Rain Mine and the Bald Mountain Mine. The BP project is prospective for gold and features 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.