Orezone Gold Corp.

Published : January 27th, 2015

Sandstorm Gold Announces 10 Royalty Agreements

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Keywords :   Burkina Faso | Fixed | Ghana | Gold | Market | Recovery | Silica | Volatility | Water |

Sandstorm Gold Announces 10 Royalty Agreements

VANCOUVER , Jan. 27, 2015 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has entered into 10 royalty agreements on properties in Africa and the USA . A summary of the royalties is listed below:

Project Name

Location

Royalty Terms

Bomboré

Burkina Faso, Africa

0.45%-1.2% NSR

Akorade

Ghana, Africa

1.0% NSR

Bellview

Nevada, USA

0.5% NSR

East Walker

Nevada, USA

1.0% NSR

Hot Pot

Nevada, USA

0.5% NSR

Horsethief

Nevada, USA

1.0% NSR

Fri Gold

Nevada, USA

0.5% NSR

Kobeh

Nevada, USA

0.5% NSR

Ashby

Nevada, USA

1.0% NSR

Columbia

Nevada, USA

1.0% NSR

"The additional royalties provide Sandstorm with long-term exposure to a number of high quality assets with a relatively small capital outlay," said Sandstorm's President and CEO, Nolan Watson . "We now have a total of 56 streams and royalties and we are focused on deploying our available capital of over US$165 million into additional transactions that will grow our future production and cash flow."

— BOMBORÉ ROYALTY

Sandstorm has completed a royalty agreement with Orezone Gold Corp. ("Orezone") (ORE.TO) to provide up to US$8.0 million in financing to advance its Bomboré Project in Burkina Faso , West Africa ("Bomboré"). Sandstorm will deliver US$3.0 million upfront to acquire a 0.45% net smelter returns ("NSR") royalty on Bomboré (the "Upfront Royalty") and has committed to an additional US$5.0 million in royalty financing, available to Orezone on a drawdown basis for a period of two years (the "Standby Royalty"). Orezone can access the Standby Royalty in the following three tranches:

  • US$1 million for a 0.15% NSR;
  • US$1 million for a 0.15% NSR; and
  • US$3 million in cash or shares for a 0.45% NSR.

Sandstorm has a right of first refusal ("ROFR") on any future stream or royalty financings related to the Bomboré Project until 36 months following the achievement of commercial production at the mine.

Orezone has the option to repurchase the Upfront Royalty from Sandstorm for a period of 36 months, at a premium of 10% per year up to a maximum of 30%. The Standby Royalty can also be repurchased at a premium of 10% per year if Orezone completes a gold stream financing and Sandstorm participates for no less than US$30 million .

Orezone's 168 km2 Bomboré project is the largest undeveloped oxide gold deposit in Burkina Faso , containing 4.6 million ounces of measured and indicated gold resources (2.0 million ounces of oxide resources and 2.6 million ounces of sulfide resources). Gold resources occur at surface in several zones along an 11 kilometre strike length. Resources are open at depth and the average drilling depth to date is about 120 metres below surface.

The gold mineralization occurs within the main Bomboré shear zone and is associated with silica, sulphide and carbonate-albite-tourmaline-biotite alteration as well as arrays of quartz veins and veinlets. Gold is free and mainly associated with minor pyrite, chalcopyrite and arsenopyrite disseminations and stringers.

The Bomboré project is located 85 kilometres east of the capital city of Ouagadougou and is adjacent to the national paved highway. The available infrastructure includes a high voltage power line nearby, access to sufficient water and a local labor force. Orezone is currently working towards the completion of a Feasibility Study and intends to apply for a mining permit during the first half of 2015.

Mineral Resource Statement*

Category

Cut-off

Measured

Indicated

Inferred

Quantity

Grade

Contained

Quantity

Grade

Contained

Quantity

Grade

Contained

Au (gpt)

(000' tonnes)

Au (gpt)

Au (000'oz)

(000' tonnes)

Au (gpt)

Au (000'oz)

(000' tonnes)

Au (gpt)

Au (000'oz)

North











Laterite/Oxide

0.45

13,572

0.95

417

14,202

0.82

375

2,042

0.88

57

Transitional

0.45

9,221

0.93

275

5,837

0.92

173

788

1.00

25

Fresh

0.50

22,036

1.00

711

11,977

1.29

497

4,418

1.63

232

Sub-total


44,829

0.97

1,402

32,016

1.02

1,046

7,247

1.35

315

South











Laterite/Oxide

0.45

8,106

0.94

246

4,532

0.86

125

1,657

0.89

48

Transitional

0.45

7,488

0.89

214

2,967

0.96

92

1,345

0.96

41

Fresh

0.50

20,577

1.02

674

15,258

1.19

584

5,457

1.26

222

Sub-total


36,170

0.98

1,134

22,756

1.10

801

8,460

1.14

311

Southeast











Laterite/Oxide

0.45

244

1.33

10

365

1.05

12

301

0.97

9

Transitional

0.45

254

1.53

12

337

0.97

11

235

0.97

7

Fresh

0.50

1,529

1.44

71

1,316

1.43

61

2,177

1.15

81

Sub-total


2,027

1.44

94

2,018

1.28

83

2,713

1.12

97

Combined











Laterite/Oxide

0.45

21,921

0.95

673

19,099

0.84

513

4,000

0.89

115

Transitional

0.45

16,962

0.92

502

9,141

0.94

275

2,368

0.97

74

Fresh

0.50

44,142

1.03

1,456

28,551

1.24

1,142

12,053

1.38

534

Total


83,026

0.99

2,631

56,791

1.06

1,930

18,421

1.22

723

* Mineral resources are not mineral reserves and do not have a demonstrated economic viability. All figures have been rounded to reflect the relative accuracy of the estimates.

Pascal Marquis , Ph.D., P. Geo, is Orezone's Senior Vice President and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"). Dr. Marquis has reviewed and approved the technical information related to Bomboré in this press release.

— AKORADE ROYALTY

Sandstorm has completed a royalty agreement with Castle Peak Mining Ltd. ("Castle Peak") (CAP.V) on its Akorade Project in Ghana , West Africa ("Akorade"). Sandstorm delivered CAD$1.15 million upfront to acquire a 1% NSR royalty on Akorade, excluding the Bonsaso license. The Company has a ROFR on any future stream or royalty financings related to Akorade.

The Akorade project consists of nine concessions in the Ashanti gold belt covering approximately 225 km2 near the regional mining centre of Tarkwa. A main road runs through the property and Castle Peak has access to grid power from all concessions. Castle Peak recently published an inferred mineral resource based on a single shoot on the Apankrah structure and plans to continue exploration along this structure and on parallel structures in order to increase the resource. Recent drill result highlights included intersections of 4 metres of 22.8 gpt gold and 7 metres of 7.0 gpt gold. Initial metallurgical testwork on assay samples has resulted in greater than 97% recovery using gravity and carbon-in-leach processes with 85% recovery in a gravity concentrate. Castle Peak will use the resource estimation and metallurgical testing as a basis for a Preliminary Economic Assessment.

Darren Lindsay , P. Geo, is Castle Peak's President and CEO and a Qualified Person as defined by NI 43-101. Mr. Lindsay has reviewed and approved the technical information related to Akorade in this press release.

— NEVADA ROYALTIES

Sandstorm has acquired 8 royalties on early-staged projects in Nevada, USA in a transaction with Tarsis Resources Ltd. (TCC.V). The Company also has a ROFR on any future stream or royalty agreements related to the Nevada properties. A brief description and location of the projects is listed below:

  • Bellview – Carlin Style gold in White Pine County
  • East Walker – High-sulphidation epithermal gold in Lyon County
  • Hot Pot – Carlin style gold in Lander County
  • Horsethief – Carlin Style gold in Lincoln County
  • Fri Gold – Gold bearing porphyry/epithermal system in Nye County
  • Kobeh – Carlin style gold in Eureka County
  • Ashby – Mesothermal gold in Mineral County
  • Columbia – Quartz veins with gold and arsenopyrite in Humboldt County

ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives a gold streaming agreement. A gold stream gives Sandstorm the right to purchase a percentage of the gold produced from a mine, for the life of the mine, at a fixed price per ounce. Sandstorm has acquired a portfolio of ten streams and forty-six royalties, of which fourteen of the underlying mines are producing gold. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional streams and royalties.

For more information visit: www.sandstormgold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Ltd. ("Sandstorm"). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.

Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.

Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm's annual report for the financial year ended December 31, 2013 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.

SOURCE Sandstorm Gold Ltd.

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Orezone Gold Corp.

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CODE : ORE.TO
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Orezone Gold is a gold exploration company based in Canada.

Its main exploration properties are ZELINE 1 & ZELINE 4 and KOSSA in Niger and BOMBORE, SEGA and BONDI in Burkina Faso.

Orezone Gold is listed in Canada. Its market capitalisation is CA$ 185.4 millions as of today (US$ 148.2 millions, € 129.9 millions).

Its stock quote reached its highest recent level on April 08, 2011 at CA$ 5.26, and its lowest recent point on November 27, 2015 at CA$ 0.22.

Orezone Gold has 117 350 000 shares outstanding.

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Annual reports of Orezone Gold Corp.
2009 Annual Report
2008 Annual Report
Annual report 2006
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11/13/2013Closes C$5M Non-Brokered Private Placement
10/30/2013Arranges C$5M Non-Brokered Private Placement
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1/2/2009 Closes Private Placement, Updates Timing of Transaction wit...
Financials of Orezone Gold Corp.
11/15/2008 Third Quarter Update
Project news of Orezone Gold Corp.
3/27/2013(Bombore)Positive Progress Report for Bombore Feasibility Study and R...
11/13/2012(Bombore)Positive Drill Results Support Further Growth at Bombore
9/4/2012(Bombore)35,000 m of Positive Drill Results Support Further Growth at...
8/27/2012(Bombore)Bombore Gold Project Reaches World Class Size
2/22/2012(Bombore)Provides Positive Update on its Bombore Gold Project
2/3/2012(Sega)Sells Sega Project to Cluff Gold for $29.6M
1/10/2012(Bombore)Reports Continued Positive Results at Bombore Gold Project
11/28/2011Brighton Expands Niger Uranium Discovery to 14 km2 of Minera...
8/18/2011Orezone Confirms Heap Leach Potential of Sulphide Resources ...
8/18/2011(Sega)Confirms Heap Leach Potential of Sulphide Resources at Sega
8/8/2011Orezone Expands Bombor\303\251 Gold Project ...
8/8/2011(Bombore)Expands Bombore Gold Project Area 60% With New Permit
7/26/2011(Bombore)Reports Higher Gold Grades and Improved Continuity at Bombor...
6/21/2011(Bombore)Bombor=E9 Gold Project Has PositivePreliminary Economic Asse...
6/20/2011Orezone Bombor\303\251 Gold Project ...
4/11/2011(Sega)Confirms Positive Metallurgical Results for Sega Gold Deposi...
3/24/2011(Bombore)Positive Drill Results at Bombore Continue to Confirm Model
3/23/2011(Bombore)Positive Drill Results at Bombore Continue to Confirm Model
2/24/2011(Zeline 1 & Zeline 4)/Brighton Makes Significant New Uranium Discovery in Niger: ...
7/6/2010(Bombore)Fourth Round of Positive Drill Results at Bombore
6/16/2010(Bombore)Positive Results Continue From Bombore Infill and Expansion ...
5/13/2010Additional PositiveInfill and Expansion Drilling Results at ...
3/25/2010(Bombore)Bombore Auger Drilling Results Indicate Possible 2.5km of Ex...
1/28/2010(Bombore)Commences $2 Million Drill Program at Bombore
1/5/2010(Sega)Increases Sega Project Gold Resources
12/8/2009(Bombore)Improves on Final Bombore Metallurgical Results
10/14/2009(Bombore)Confirms Bombore Gold Deposit is Amenable to Heap Leaching
7/29/2009(Bombore)Completes Drilling Below Surface Resources at Bombore
6/24/2009(Bombore)Orezone Confirms Mineralization at Bombore Below Surface Res...
11/10/2008(Bombore)Almost Triples Gold Resource at Bombore Project
6/30/2008(Essakane)2008 Technical report
Corporate news of Orezone Gold Corp.
12/4/2015Orezone Approved to Move from TSX to TSX-V
9/16/2015Orezone Provides Update on Bomboré Permitting and Bondi Proj...
9/16/2015Orezone Provides Update on Bombore Permitting and Bondi Proj...
7/21/2015Orezone Closes C$6.5M Investment
7/6/2015Orezone Arranges C$6.5M Investment that Includes Ross Beaty
1/27/2015Sandstorm Gold Announces 10 Royalty Agreements
1/27/2015Orezone Closes US$3 Million Financing and Secures an Additio...
1/27/2015Sandstorm Gold Announces 10 Royalty Agreements
1/27/2015Orezone Closes US$3Million Financing
11/24/2014Bombore Gold Project Feasibility Study Update
11/10/2014Orezone update on Operations in Burkina Faso
11/10/2014Orezone Update on Operations in Burkina Faso
11/3/2014Orezone update on Bomboré and Burkina Faso
11/3/2014Orezone Update on Bombore and Burkina Faso
10/14/2014Bombore Gold Project Feasibility Study Update
9/8/2014Bombore Gold Project Feasibility Study Update
7/10/2014Positive Metallurgical and Drilling Results at Bombore
6/4/2014Positive Metallurgical Test Results at Bombore
5/23/2014Orezone Gold Corporation: Results of Annual General Meeting
5/21/2014Orezone Appoints Chief Operating Officer
6/20/2013News Release
6/20/2013(Bombore)Shifts Focus of Bombore Study to Heap Leach Scenario
6/4/2013(Bondi)Positive Metallurgical and Drill Results from the Bondi Proj...
5/24/2013Results of Annual General Meeting
5/24/2013Results of Annual General Meeting
4/29/2013(Bombore)Increases and Upgrades the Bombore Gold Project Resource
2/4/2013(Bombore)Bombore FS and Resource Update Will Include +400,000m of Dri...
5/31/2012(Bombore)Bombore Drill Program Continues with Positive Results
5/23/2012(Sega)Completes the Sale of Sega to Cluff Gold for $26.5M
3/30/2012(Bombore)Completes 215,000 Drill Program at Bombore
2/7/2012to Consolidate Brighton Energy Corporation
12/7/2011Brighton Energy Makes Another Near-Surface Uranium Discovery...
9/12/2011(Bombore)Positive Results Continue at Bombore With Seven Drills Opera...
5/26/2011(Bombore)Reports Additional Positive Drill Results at Bombore Gold Pr...
5/16/2011.: Brighton Energy Discovers Additional Uranium Mineralizati...
4/6/2011Expands Board and Management Team
3/7/2011Burkina Faso is Ra
2/17/2010Brighton Energy Limited Receives Niger Uranium Permit Approv...
7/8/2009Ron Little named Ernst & Young Entrepreneur of the Year Fina...
2/25/2009IAMGOLD Completes Acquisition of Orezone
2/20/2009Obtains Final Court Approval for IAMGOLD Transaction
2/19/2009Shareholders Approve Arrangement with IAMGOLD
2/13/2009 Updates Status of Shareholder Vote
9/29/2005An emerging producer in Burkina Faso, West Africa
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