Vox Notes Development Updates & Exploration Success From Operating Partners
Vox Royalty Corp. (TSXV: VOX) (” Vox ” or the ” Company “), a high growth precious metals focused royalty company, notes recent announcements from royalty operating partners Silver Mines Limited (ASX: SVL) (” Silver Mines “), Kalamazoo Resources Limited (ASX: KZR) (” Kalamazoo “), Venturex Resources Limited (ASX: VXR) (” Venturex “), and Jangada Mines plc (AIM: JAN) (” Jangada “), detailing significant drill assay results at the Bowdens silver project, drilling progress for the Ashburton gold project, environmental and project updates at the Sulphur Springs copper-zinc project, and positive drill results at the Pitombeiras vanadium project, respectively.
Highlights – Bowdens 0.85% Gross Revenue silver royalty
On January 28, 2021 , Silver Mines announced significant high-grade drill results from the Bowdens silver project, including:
High-grade results returned from BD20017 feeder structure. Intercepts include:
26.1 metres @ 252 g/t silver equivalent (202 g/t silver, 0.31% zinc, 1.01% lead) from 229 metres including:
10.1 metres @ 460g/t silver equivalent (357g/t silver, 0.47% zinc, 1.86% lead, 0.22g/t gold) from 245 metres in an epithermal breccia pipe including:
1.1 metre @ 1030 g/t silver equivalent (921 g/t silver, 0.96% zinc, 1.84% lead) from 248.8 metres; and
1.0 metre @ 871 g/t silver equivalent (471 g/t silver, 0.48% zinc, 7.61% lead, 1.52g/t gold) from 254.1 metres.
2.0 metres @ 438 g/t silver equivalent (382 g/t silver, 0.37% zinc, 1.11% lead) from 216 metres; and
1.0 metre @ 923 g/t silver equivalent (356 g/t silver, 1.22% zinc, 2.2 % lead, 5.41g/t gold) from 282.9 metres.
Results from BD20015:
1.0 metre @ 542 g/t silver equivalent (517 g/t silver, 0.32% zinc, 0.28 % lead) from 241 metres; and
1.0 metre @ 542 g/t silver equivalent (402 g/t silver, 0.02% zinc, 3.35 % lead) from 282 metres.
Northwest High-Grade Zone now confirmed over 300 metres (down plunge) with a width of approximately 200 metres.
On January 29, 2021 , Silver Mines shared in their quarterly that the Bowdens silver project Environmental Impact Statement (EIS) was placed on an eight week public exhibition which concluded during the September 2020 quarter. Results from the public exhibition may be viewed at the New South Wales Department of Planning, Industry and Environment Major Projects website . From the exhibition process, Silver Mines received no objections to the Project from any of the Government agencies and received resounding public support. Silver Mines will be shortly responding to received submissions.
Highlights – Ashburton 1.75% Gross Revenue gold royalty (>250koz cumulative production)
On January 27, 2021 , Kalamazoo announced drilling progress at the Ashburton gold project, including:
Maiden drilling program comprising 5,781m completed late December 2020 ;
Drilling at the Waugh and Connie’s Find Prospects has intersected prospective thick-quartz-and-ironstone units, characteristic of ‘Waugh Type’ mineralisation; and
At the Peake West Prospect, shallow drilling intersected broad zones of bleached siltstones below anomalous surface rock chip samples in the western extension of the mineralised Peake structure.
The Prospect areas have been sparsely tested along strike or down dip and as such, demonstrate the potential to host new oxide and primary sulphide gold mineralisation.
Kalamazoo also stated in the announcement that over the next 12-24 months, it aims to substantially increase the 1.65Moz oxide and sulphide gold resource and advance project development at the Ashburton gold project.
Highlights – Sulphur Springs A$2 /t ore production royalty ( A$3.7M royalty cap)
On January 29, 2021 , Venturex announced updates to (i) the environmental approvals process and (ii) project development at the Sulphur Springs project, which include the following highlights:
Secondary approvals and permits necessary for the development and construction of the Sulphur Springs project continued to progress during the quarter.
Engagement with the Department of Water and Environmental Regulation has been maintained in support of an application to amend an existing groundwater licence to facilitate construction and operations.
Venturex is progressing project implementation and development strategies through engagement with potential contractors for site works, including short-listing and tender preparation.
Several optimisation opportunities have been identified that will add value in terms of both project development and operations. These will be implemented as the Company develops the Sulphur Springs Project.
Heritage surveys and a drilling plan have been completed in preparation for the field programme, which is expected to commence in late Q1 2021, following the end of the current wet season.
Highlights – Pitombeiras 1.0% Net Smelter Return royalty
On January 25, 2021 , Jangada announced positive drill results from the second phase drilling program at the Pitombeiras project, including:
Eight of nine holes completed to date for a total 649.15 linear metres intersected VTM mineralisation.
Results recently received include:
21.50 metres at 0.55% vanadium pentoxide (‘V 2 O 5 ‘), 9.81% titanium dioxide (‘TiO 2 ‘) and 50.39% ferric oxide (‘Fe 2 O 3 ‘), including 7.00 metres at 0.66% V 2 O 5 , 12.17% TiO 2 and 60.59% Fe 2 O 3
27.01 metres at 0.64% V 2 O 5 , 11.66% TiO 2 and 58.51% Fe 2 O 3 , including 11.00 metres at 0.75% V 2 O 5 , 14.22% TiO 2 and 69.19% Fe 2 O 3
27.17 metres at 0.57% V 2 O 5 , 10.81% TiO 2 and 55.13% Fe 2 O 3 , including 9.00 metres at 0.74% V 2 O 5 , 14.50% TiO 2 and 70.92% Fe 2 O 3
22.68 metres at 0.59% V 2 O 5 , 11.25% TiO 2 and 55.59% Fe 2 O 3 , including 7.00 metres at 0.75% V 2 O 5 , 14.13% TiO 2 and 69.37% Fe 2 O 3
Drill results further extend mineralisation footprint from previously known resource area in both N-NE and N-NW directions.
Simon Cooper , Vice President Corporate Development of Vox stated: ” Vox is excited to share the latest drill results and development updates from our royalty counterparts. Of particular note, we would like to congratulate Silver Mines on the excellent drill intercepts at Bowdens. Bowdens is the largest known undeveloped silver deposit in Australia . These announcements provide a strong picture of the organic growth potential that Vox has to offer. With a fast-growing portfolio of >40 royalties, we look forward to sharing further exciting organic news flow over the coming months from our operating partners who are actively progressing projects underlying our royalty interests. “
About Vox
Vox is a high growth precious metals royalty and streaming company with a portfolio of over 40 royalties and streams spanning nine jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 15 separate transactions to acquire over 40 royalties.
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