Altius Announces Purchase of 2% NSR Royalty on Curipamba Copper-Gold-Zinc Project, Ecuador
6986741 v2
Date:
Ticker Symbol:
21-Jan-2019
ALS.TSX
Civic Address:
Altius Minerals Corporation
Suite 202, 66 Kenmount Road
St. John’s, NL, A1B 3V7, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
Altius Announces Purchase of 2% NSR Royalty on Curipamba Copper-Gold-Zinc Project,
Ecuador
St. John’s - Altius Minerals Corporation (“Altius”) (TSX: ALS; OTCQX: ATUSF) reports that it has entered into an
agreement, through its wholly-owned subsidiary, with Resource Capital Fund VI L.P. and RCF VI SRL LLC (collectively,
“RCF”) to acquire a 2% Net Smelter Return Royalty covering the Curipamba copper-gold-zinc project (the “Curipamba
Project”), located in central Ecuador, for US$10 million in cash.
The Curipamba Project is being developed under a 75:25 partnership between Adventus Zinc Corporation (“Adventus”)
(TSX-V: ADZN; OTCQX: ADVZF), and Salazar Resources Ltd. (TSX-V: SRL).
Altius currently holds 21% of the outstanding shares of Adventus.
The Curipamba Project includes the resource stage El Domo deposit, a near-surface, copper and gold rich massive
sulphide deposit that has seen more than 50,000 metres of drilling to date, including approximately 18,000 metres in
2018. On January 31, 2018 Adventus announced the El Domo resource consists of Indicated Mineral Resources of 8.8
million tonnes grading 1.62% copper, 2.42% zinc, 0.27% lead, 2.34 g/t gold, and 48 g/t silver and Inferred Mineral
Resources of 2.6 million tonnes grading 1.29% copper, 1.51% zinc, 0.14% lead, 1.09 g/t gold, and 29 g/t silver. An
updated mineral resource estimate and Preliminary Economic Assessment is currently underway and is expected to be
released during the first half of 2019. The Curipamba Project also encompasses more than 22,000 hectares of mineral
rights that host several other prospective targets, many of which are expected to be advanced and tested during 2019.
Lawrence Winter, Ph.D., P.Geo., Vice‐President of Exploration for Altius, a Qualified Person as defined by National
Instrument 43-101 - Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data
presented herein and has reviewed, prepared and approved this release.
Further detailed information regarding the project can be found by visiting www.adventuszinc.com and the most recent
National Instrument 43-101 Technical Report relating to the project, dated March 9, 2018, is available at www.sedar.com.
About Altius
Altius directly and indirectly holds diversified royalties and streams which generate revenue from 15 operating mines.
These are located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash, and thermal (electrical)
and metallurgical coal. The portfolio also includes numerous predevelopment stage royalties covering a wide spectrum of
mineral commodities and jurisdictions. Altius also holds a large portfolio of exploration stage projects which it has
acquired for future transactions with industry partners that are anticipated to result in royalties and equity and minority
interests for Altius. Altius has 42,851,726 common shares issued and outstanding that are listed on The Toronto Stock
Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
For further information, please contact Flora Wood ([email protected]) or Chad Wells at 1.877.576.2209