Operator

Blackstone Minerals Inc.

Terms

1.0% NSR

Acquisition Date

2018 / Apr / 23

The Little Gem property is located in British Columbia, Canada less than 15 km along strike to the north of the Bralorne-Pioneer mining complex which retains the status of the foremost gold producer in British Columbia and the sixth largest in Canada. Little Gem hosts high-grade cobalt and gold mineralization within a well-endowed and high-grade gold mining district.

Historical surface channel samples of the mineralized zone included results up to 5.7% cobalt and 1,574.0 g/t gold over 0.4 metres. Since acquiring the Little Gem project in 2017, Blackstone Minerals has verified mineralization identified historically at both the Little Gem prospect and the Jewel Gold prospect. They also discovered a new high-grade gold prospect named Roxey and a new high-grade cobalt-gold prospect named Erebor.

Sandstorm’s royalty interest covers the Little Gem prospect area where a maiden drilling program is underway and initial results have been consistent with historic drilling and adit channel sampling which returned average grades of 3.0% cobalt and 20.0 g/t gold.

Recent Activities

October 2019
Blackstone continued the 2019 field season with an extensive stream sediment, soil sampling and mapping program.

September 2018
An IP survey confirms multiple new targets to the east and west of Little Gem along a 1.8 kilometre strike zone exhibiting chargeability and resistivity signatures typical of sulfide bearing bodies. These targets will be the focus of a phase two drilling program.

Little Gem Royalty Map
Little Gem Royalty Map