Huge Drop3 Jun 2020 16:22
I'm not clear really what this is saying and whether it's linked to the drop
DNESDAY - JUNE 3, 2020
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Junior Mining Network
Kincora Copper
EMX Royalty Options the Antelope Gold Project in Nevada to Hochschild Mining
Nevada
TSX VENTURE: EMX
www.emxroyalty.com
Mr. David Cole reports:
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2020) - EMX Royalty Corporation (NYSE: EMX) (TSXV: EMX) (the "Company" or "EMX") is pleased to announce the execution of an option agreement (the "Agreement") for the Antelope gold project (the "Project") in Nevada to Hochschild Mining PLC (LSE: HOCM) ("Hochschild") and commencement of an initial exploration program. The Agreement provides EMX with work commitments and cash payments during Hochschild's earn-in period, and upon earn-in, a 4% NSR royalty, annual advanced royalty payments, and milestone payments.
The Antelope Project is located in the Illipah mining district of western White Pine county, Nevada. EMX recognized potential extensions of Carlin-style mineralization along anticlinal folds and other structures in prospective host rocks within the greater Illipah mine area. The Project was acquired in late 2018 through the staking of open ground as part of the EMX's regional generative gold program and is now advancing under the option agreement with Hochschild.