Sailfish Provides Update on San Albino Stream and Royalty Following Mako's Recent Announcements and Share Price Appreciation TORTOLA, British Virgin Islands ,
Sailfish Provides Update on San Albino
Stream and Royalty Following Mako's Recent
Announcements and Share Price Appreciation
TORTOLA,
British Virgin Islands
,
Sept. 5, 2019
/CNW/ - Sailfish Royalty Corp. (TSX-V: FISH) (the
"Company" or "Sailfish") is pleased to announce significant updates on the Company's San Albino
stream and royalty.
On
August 26, 2019
and
September 4, 2019
, Mako Mining Corp. ("Mako") publicly announced
trench and drill results from the Naranjo, San Albino and Arras Zones within the San Albino gold
project area (West and Central Pits) of its wholly-owned San Albino-Murra property located in
Nueva
Segovia
,
Nicaragua
. The results reported in the announcements focus on near surface, high-grade
mineralization not previously included in Mako's Preliminary Economic Assessment for the San Albino
Gold Deposit dated
April 29, 2015
, which is available on Mako's website at
www.makominingcorp.com
and under their profile on SEDAR at
www.sedar.com
. Since the first
announcement, Mako's share price has increased by approximately 67%.
These trench and drill results are on land where Sailfish has a gold stream equivalent to a 3% NSR
as part of the restructuring of the Company's stream on the San Albino gold project (the "Stream
Restructuring"). The Stream Restructuring was associated with the merger of Marlin Gold Mining
Ltd. and Golden Reign Resources Ltd., which created Mako in 2018 (see Sailfish press release
dated
November 9, 2018
).
Sailfish would like to remind its shareholders that the stream and royalty on the San Albino gold
project and the surrounding district-scale land package are cornerstone assets of the Company and
that upcoming exploration and project development updates provided by Mako should be monitored
with increased interest.
About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are two
cornerstone assets on advanced stage projects in the Americas: a gold stream equivalent to a 3%
NSR on the San Albino gold project (~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq.
km) surrounding San Albino in northern
Nicaragua
; and an up to 3.5% NSR on the Tocantinzinho gold
project in the prolific Tapajos district of northern
Brazil
. The acquisition of Terraco Gold Corp. adds a
potential cornerstone asset: an up to 3% NSR on the multi-million ounce
Spring Valley
gold project in
Pershing County, Nevada
.
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under
the symbol "SROYF". Please visit the Company's website at
www.sailfishroyalty.com
for additional
information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE
Sailfish Royalty Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/September2019/05/c3041.html
%SEDAR: 00044073E
For further information:
Akiba Leisman, CEO, tel. 203-862-7059 or Cesar Gonzalez, Director and
Vice President of Corporate Development, tel. 203-862-7009.
CO: Sailfish Royalty Corp.
CNW 08:30e 05-SEP-19