Sandstorm Gold shared information about results of the infill drilling carried out in the Hod Maden Project. Emphasizing that a total of 2,864 meters of infill drilling performed at 24 location was completed before travel and work restrictions came into effect in Turkey, the company stated that in the project, geotechnical, hydrogeological and exploration drilling will continue. The results highlighted in the update were as follows:
HTG-002: 85.3 metres at 84.3 g/t gold and 6.8% copper from 19.0 metres, (using a 2.4 g/t cut-off grade, uncut) including:
o 32.0 metres at 209.4 g/t gold and 7.4% copper from 19.0 metres (using a 100 g/t cutoff grade, uncut); or
o 32.0 metres at 164.5 g/t gold and 7.4% copper (using a top-cut grade of 240 g/t);
• HTG-003: 169.3 metres of 39.0 g/t gold and 1.7% copper from 20.8 metres (cut-off grade 2.4 g/t, uncut), including:
o 13.0 metres at 147.0 g/t gold and 2.0% copper from 63.0 metres.
While drill holes named HTG-002 and HTG-003 are located in the main deposit of Hod Maden, it was stated that the drillings were performed obliquely to the layer to test the continuity of high-grade mineralization. Stating that the drillings give positive and homogeneous tenor distribution results from the field, Sandstorm noted that the estimated thickness of the layer is 64 meters.
Sandstorm Gold has 2% Net Smelter Return (NSR) in addition to its 30% share in Hod Mining Project.
