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Hoyle Pond Extension Royalty

Summary:

The Hoyle Pond Extension Royalties are located on claims that are beneath the Kidd metallurgical complex and along strike to the east and northeast of the Hoyle Pond mine. To date, Goldcorp has drilled a total of 83,000m from surface and underground on the extension. Goldcorp has also completed the Hoyle Pond Deep Project at the cost of $194 million to access and develop the lower levels on the extension.

Agreement:

Metalla acquired a 1% NSR on Goldcorp’s Hoyle Pond Extension properties that includes:

  • The leased mining rights located in Hoyle township (shown below on royalty claim), east of the Hoyle Pond Gold Mine. The NSR royalty on the leased mining rights shall be payable after the initial 500,000 ounces gold equivalent threshold is met;
  • The fee simple mining rights located in Hoyle township, east of the Hoyle Pond Gold Mine; and the Colbert/Anglo Property mining rights located in Matheson township, east of the Hoyle Pond Gold Mine;
  • 1% NSR on Glencore’s “Bint Property” located in Matheson township, east of the Hoyle Pond Gold Mine.

Location: Timmins Ontario, Canada

Project Status: Producing (Since 1985)

Counterparty: Goldcorp (GG:NYSE)

Production: 160,000 ounces Au annually

Average grade: 14 gpt Au

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Royalties

Hoyle Pond
West Timmins
Desantis
Mirado