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Category Archives: Ely Gold Royalties

Metallic Minerals Signs New Production Royalty Agreement on Two Additional Areas on its Australia Creek Holdings within the Klondike Gold District

Metallic Minerals now has approximately 6 miles out of its 26 miles of holdings on Australia Creek under production royalty agreements with an additional mile of its Dominion Creek claims also under agreement. The Company has received royalties from test mining activities carried out in both 2017 and 2018 and will receive annual advanced minimum royalties on the properties once they begin full commercial operations.
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Nighthawk completes C$2.5 million non-brokered flow-through private placement and increases its drilling program within the Indin Lake Gold Property

The Company originally outlined an exploration budget of $11 million (including a $9.9 million "flow-through" commitment to be spent by the end of 2018) which would allow for approximately 25,000 metres of drilling within the Company's Indin Lake Gold Property. The proceeds from the Offering will allow an increase in metres from the planned 25,000 metre program to upwards of 30,000 metres of drilling, as well as an expanded prospecting program.
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