Americas Bullion Royalty Corp. Agrees to Sell Angel's Camp Joint Venture;
Retains NSR Royalty
HAYDEN, ID, March 7, 2013
HAYDEN, ID, March 7, 2013 /PRNewswire/ - Americas Bullion Royalty Corp. (TSX:
AMB) (the "Company") is pleased to announce that it has created a new royalty
interest by entering into an Option Agreement to sell the Company's 50% joint
venture interest in the Angel's Camp Property in southern Oregon to Orsa
Ventures Corp. (Orsa). As consideration, Orsa will issue one million common
shares to the Company upon closing and $390,000 in cash over several years.
Americas Bullion Royalty Corp. will retain a 1.25% Net Smelter Return Royalty
on the project.
About Angel's Camp
The Angel's Camp Project is comprised of 158 unpatented lode mining claims
which encompass approximately 3,000 acres adjacent to Orsa's Quartz Mountain
Property which is held by separate agreement with Seabridge Gold Inc. The
Quartz Mountain Property is an epithermal hot spring system with a 2.85
million ounce Inferred gold resource of 110,448,000 tonnes grading 0.80 grams
per tonne gold (see Orsa news releases dated October 24, 2011 and February 15,
2012). Mineralization is hosted in two rhyolite domes known as Quartz Butte
and Crone Hill. Lying adjacent to the defined resource of the Quartz Mountain
Property, the Angel's Camp Project contains several other rhyolite domes which
are known to host epithermal gold mineralization as identified by surface
sampling as well as a number of drill holes (news releases of May 29 and Sept
11, 2009). Orsa has advised that it will launch an aggressive exploration
program on these additional domes in addition to its continuing development
work at Quartz Mountain.
Prior to this agreement, Orsa was the non-managing partner of the 50% joint
venture interest in Angel's Camp through an Option Agreement with Seabridge
The Company's Agreement with Orsa is subject to regulatory approval.
The technical content of this news release has been reviewed and approved by
Michael Maslowski, BSc, CPG, the Company's Chief Operating Officer and a
Qualified Person as defined by National Instrument 43‐101.
Americas Bullion Royalty Corp.
Americas Bullion Royalty Corp. is a precious metals royalty and streaming
company designed to provide revenue as well as lower risk exposure to
shareholders through project diversity in stable, mining-friendly
jurisdictions. The Company's existing 34 property portfolio, comprising more
than 100,000 acres predominantly in Nevada, is highlighted by Gross in-kind
Royalties on Midway Gold's Pan and Gold Rock deposits, as well as 2 separate
projects encompassing more than 34 square miles at Barrick Gold's Bald
Mountain project in Nevada.
Current royalty revenue is expected to accelerate as early as 2014 as several
of these projects commence production. Americas Bullion Royalty Corp.'s prime
royalty portfolio is unique in the mineral development industry due to its
ability to receive the majority of projected revenues in-kind (gold bullion as
opposed to cash), its possession of gross royalties with no exposure to
operator cost, as well as its security of title with no buyback or buyout
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. This press release
contains projections and forward-looking information that involve various
risks and uncertainties regarding future events. Such forward-looking
information can include without limitation statements based on current
expectations involving a number of risks and uncertainties and are not
guarantees of future performance. There are numerous risks and uncertainties
that could cause actual results and Americas Bullion's plans and objectives to
differ materially from those expressed in the forward-looking information.
Actual results and future events could differ materially from those
anticipated in such information. These and all subsequent written and oral
forward-looking information are based on estimates and opinions of management
on the dates they are made and are expressly qualified in their entirety by
this notice. Except as required by law, Americas Bullion assumes no obligation
to update forward-looking information should circumstances or management's
estimates or opinions change.
SOURCE Americas Bullion Royalty Corp.
Americas Bullion Royalty Corp.
Janet Lee-Sheriff, Vice President
Scott Powell, Director of Investor Relations
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