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EMX options Trench gold project in Nevada to Ridgeline Minerals

30th May 2025

By: Creamer Media Reporter

     

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Royalty generator EMX Royalty has signed an exploration and option agreement with Ridgeline Minerals for the Trench oxide gold project in Eureka County, Nevada.

Under the agreement, Ridgeline can earn a 100% interest in the project over a five-year term by issuing 250 000 shares to EMX, making option payments totaling $650 000, and completing $500 000 in exploration expenditures. EMX will retain a 3% net smelter return (NSR) royalty upon exercise of the option.

Ridgeline has the right to buy back up to 1% of the NSR royalty, first by acquiring 0.5% for $1.5-million before the third anniversary of the option exercise, and later the remaining 0.5% for $2-million. The company will also make annual advance royalty (AAR) payments of $50 000 until commercial production begins.

In addition to the royalty and AAR payments, Ridgeline will make milestone payments of $250 000 upon the announcement of an initial resource, $500 000 upon completion of a preliminary economic assessment, prefeasibility, or feasibility study, and $1-million upon a positive development decision.

The Trench project, located about 30 km south-west of Carlin, is described as an oxide gold, Carlin-type system. Historical exploration in the 1990s focused on dike-hosted mineralisation, but recent fieldwork by EMX has identified additional potential in the silicified Ordovician stratigraphy.

“EMX identified the Trench project through a regional geochemical sampling programme and follow-up mapping and sampling that highlighted anomalous areas beyond the historical trenching,” the company stated. “The project serves as another example of growing EMX’s royalty portfolio at a nominal cost while providing near-term cash flow, as well as a royalty interest that covers future exploration and development upside optionality.”

This marks the fourth agreement between EMX and Ridgeline, which continues to assemble and advance a portfolio of prospective projects in Nevada.

Edited by Creamer Media Reporter

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