Renamed from American Bullion Development Corp.
North American Royalties and Assets in Nevada and the Yukon
Message: AMERICAS BULLION CREATES 3% NSR ON APHRO PROJECT; PROVIDES UPDATE ON MIDWAY’S GO
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AMERICAS BULLION CREATES 3% NSR ON APHRO PROJECT; PROVIDES UPDATE ON MIDWAY’S GOLD ROCK PROJECT
Hayden, Idaho, April 9th, 2013: Americas Bullion Royalty Corp. (TSX: AMB) (the “Company”) is pleased to announce that it has entered into an option agreement to sell the Company’s 100% interest in the Aphro Project, located in Nye County, Nevada, to Renaissance Gold Inc. (“RenGold”). The Company will retain a 3% Net Smelter Return Royalty (“NSR”) on the project.
About the Aphro Project The Aphro Project is part of a larger property known as King Solomon in the southern Monitor Range of Northern Nye County, Nevada. The claims partially overlap non-compliant gold mineralization drilled by Kennecott in the mid 90’s. Many holes bottom in mineralization. This is Carlin-style gold mineralization in both classic “lower plate” stratigraphy and in the overlying Oligocene volcanics. Renaissance Gold has spent years acquiring all the disparate claims in the area and now has a contiguous package completing their control of the entire target.
The Agreement calls for cash AMR payments escalating to an inflation-adjusted $50,000 per year; recoverable from 50% of any years’ actual production. The NSR is payable in-kind at the Company’s discretion. Gold Rock Project Update The Company is also pleased to report that Midway Gold Corp. (“Midway”) announced (Midway Gold News Release dated April 2, 2013) its filing of a Plan of Operations for the Gold Rock project, which officially begins the project’s Environmental Impact Statement (EIS) process. According to Midway, the Gold Rock Project is to be its second operating gold mine, currently targeted for 2016, and is expected to be similar to planned operations at the Pan Mine where production is planned for 2014. The Company holds a 4% Gross Production Royalty on both the Pan and Gold Rock Projects, located 8 km apart in White Pine County, Nevada.
The technical content of this news release has been reviewed and approved by Michael Maslowski, BSc, CPG, the Company's Chief Operating Officer and a Qualified Person as defined by National Instrument 43-101. Americas Bullion Royalty Corp.
Americas Bullion Royalty Corp. is a precious metals royalty and streaming company designed to provide revenue as well as lower risk exposure to shareholders through project diversity in stable, miningfriendly jurisdictions. The Company's existing 34 property portfolio, comprising more than 100,000 acres predominantly in Nevada, is highlighted by Gross in- kind Royalties on Midway Gold's Pan and Gold Rock deposits, as well as 2 separate projects encompassing more than 34 square miles at Barrick Gold's Bald Mountain project in Nevada.
The Company's royalty portfolio includes several royalty projects that have disclosed an intention to commence production, some as early as 2014, which would provide the Company with significant additional royalty revenues. The Company's prime royalty portfolio is unique in the mineral royalty industry due to its ability to receive the majority of projected revenues in-kind (gold bullion as opposed to cash), its concentration of gross royalties with no exposure to operator cost, as well as its security of future revenues with no buyback or buyout provisions.
For additional information:
Americas Bullion Royalty Corp. Janet Lee-Sheriff, Vice President Communications and First Nation Relations
(208) 635-5415
info@aubullion.com www.aubullion.com |
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