Sandstorm Gold Ltd. is pleased to provide recent updates from the Company's royalty properties
VANCOUVER, April 12, 2018
SANDSTORM ACQUIRES ROYALTIES ON EXPLORATION PROPERTIES IN CANADA, MEXICO AND PERU
During the last quarter of 2017 and the first quarter of 2018, Sandstorm acquired 11 royalties and an option to acquire one additional royalty on exploration-stage projects located in Canada, Mexico and Peru. The total consideration paid for the 11 royalties was C$1,700,000 and with these acquisitions, Sandstorm now has 178 royalties in its portfolio. A complete list of the royalties acquired is below:
Project Owner/ Partner Country Stage NSR Royalty
Baffin Kivalliq Energy Corporation Canada Exploration 1.50-1.75%
Yauco Goldplay Exploration Ltd. Mexico Exploration 1.0%
Vila Union Goldplay Exploration Ltd. Mexico Exploration 1.0%
El Placer Goldplay Exploration Ltd. Mexico Exploration 1.0%
Azucena Pucara Resource Corp. Peru Exploration 1.0%
Capricho Pucara Resource Corp. Peru Exploration 1.0%
Lourdes Pucara Resource Corp. Peru Exploration 1.0%
Pacaska Pucara Resource Corp. Peru Exploration 1.0%
Paco Orco Pucara Resource Corp. Peru Exploration 1.0%
Pucapaca Pucara Resource Corp. Peru Exploration 1.0%
Santo Tomás Pucara Resource Corp. Peru Exploration 1.0%
Pucara Resources Corp.
Sandstorm acquired 1.0% NSR royalties on seven projects owned by Pucara Resources Corp. ("Pucara") in southern Peru for consideration of C$1,000,000. Pucara is a Peruvian focused precious metals explorer and project generator.
In February 2018, Pucara announced that they had entered into a joint venture agreement with IAMGOLD Corporation ("IAMGOLD"), to explore the Los Tambos project. IAMGOLD may earn a 60% interest in the property by spending US$4.0 million on the project and making US$500,000 in payments to Pucara over the next four years. IAMGOLD is assessing the Los Tambos property and finalizing a drill program that is expected to commence once the permits are granted.
Pucara raised C$4.2 million in late 2017 through a private placement and their shareholder base includes Sandstorm, Resource Capital Funds and Exploration Capital Partners. Pucara will use part of the proceeds from the private placement to fund drill programs at the Pacaska and Lourdes projects. Pucara is working towards a public listing in 2018.
Sandstorm's Press Release can be seen in its entirety on www.sandstormgold.com
Pucara enters option joint venture with IAMGOLD in Peru and provides corporate update
VANCOUVER, February 28, 2018