The North American Gold Royalty Company

Marigold

.75% NSR

LOCATION Humboldt County, Nevada
OPERATOR SSR Mining
MINERALS Au
ROYALTY .75% NSR
STATUS Development
REVENUE Late 2022

The Marigold Property is part of SSR Mining’s Marigold Mine. In production since 1989, the Marigold Mine is a large, run-of-mine heap leach operation with several open pits, waste rock stockpiles, leach pads, a carbon absorption facility, and a carbon processing and gold refining facility.

Overview

Situated on the Battle Mountain-Eureka gold trend of east-central Nevada, the Marigold Property consists of 205 unpatented lode mining claims covering 7.8 square kilometres within the SSR Mining operation. SSR Mining has outlined three resources within the Marigold claims: 8N, 8D and 8 South Extension. In a 43-101 technical report on the Marigold Mine, dated December 31, 2017 and released July 31, 2018, SSR Mining highlighted drill results in the following areas within their current mine expansion exploration:

  • 8D & 8N (aka H1): Drill hole MR6045 intersected 164.6 meters grading 1.67 g/t gold.
  • 8 South Extension: Drill hole MR6034 intersected 91.4 meters grading 2.48 g/t gold.

A qualified person has not completed sufficient work to be able to verify SSR Mining’s drill data.

Marigold Produced 220,227 ounces of gold in 2019. Based on the Marigold updated life of mine plan announced on June 18, 2018, for the period to 2027, the mine is expected to produce on average approximately 211,000 ounces of gold per year. The gold doré bars produced at the mine are shipped to a third party refinery.

Looking Ahead

The 8N, 8D and 8 South Extension are included in SSR Mining’s Marigold expansion drilling plans and are under development. Ely Gold expects the property will be in production and generating revenue by 2022.

Latest Project News

Marigold Mine