Sandstorm Gold Announces 13.4 g/t Over 9.5 Metres at Bachelor Lake

      Sandstorm Gold Announces 13.4 g/t Over 9.5 Metres at Bachelor Lake  PR Newswire  VANCOUVER, Jan. 16, 2014  VANCOUVER, Jan. 16, 2014 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND, TSX: SSL) is pleased to announce drilling results from the ongoing underground drilling program at the Bachelor Lake Mine ("Bachelor"), owned and operated by Metanor Resources Inc. ("Metanor") (TSX-V: MTO). Metanor is completing underground exploration drilling to extend the known mineralized zones and increase the mineral resources at Bachelor. Significant intersections from the drilling program are summarized in the table below:  Hole   From (m) To (m) Width (m) Au Grade (g/t) Zone 10-07  24.0     27.9   3.9       10.0           H 10-09  17.2     19.1   1.9       14.5           H 10-10  26.0     30.5   4.5       15.0           H 10-11  22.6     26.5   3.9       4.3            H 10-12  38.2     47.7   9.5       13.4           H 12-205 77.4     81.9   4.5       9.4            06 13-104 12.2     17.8   5.6       18.7           E 13-105 19.9     26.2   6.3       6.0            E 13-106 5.1      13.2   8.1       5.8            E 13-108 7.1      18.3   11.3      6.0            06 13-109 13.3     22.7   9.4       5.2            06 13-110 19.9     22.0   2.1       4.1            06 13-118 16.0     18.0   2.0       8.5            06 13-119 8.2      16.1   7.9       5.4            06 13-120 9.9      18.7   8.8       7.2            06 13-121 14.4     21.4   7.0       6.8            06 14-39  130.0    136.5  6.5       10.0           E 14-40  135.0    138.9  3.9       13.0           E 14-41  141.8    143.6  1.8       5.1            E 14-45  151.2    162.2  10.9      6.7            E 14-47  180.6    181.8  1.3       4.1            E 14-52  188.5    190.9  2.4       6.1            E 14-53  193.0    195.9  2.8       4.9            E  Recent drilling has focused on the Main vein in the Hewfran sector, identified as H in the table  above, which is the  lateral extension immediately west  of  the Main vein at  Bachelor. The 06  zone corresponds to a  new sector of  the  mine, west of the  known sector on  levels 13 and 14.  Other drill holes  from  level 13 targeted the upper extension of the E zone where a drift on level  13  exposed a gold structure (see Metanor  press release dated August 22,  2013).  The  drilling   activity   has  confirmed   the   continuity  of   this   gold  mineralization, both downward and upward.  Sandstorm's President  &  CEO, Nolan  Watson  commented, "The  positive  drill  results and  continued  ramp  up  of  gold  production  at  Bachelor  Lake  is  encouraging for Sandstorm shareholders."  Sandstorm has a gold stream agreement to purchase 20% of the life of mine gold produced at Bachelor, at a per ounce price of US$500 per ounce.  Pascal Hamelin,  P.Eng,  Vice-president  of  Operations  at  Metanor,  is  the  Qualified Person under NI 43-101  responsible for reviewing and approving  the  technical information contained in this news release.  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. This agreement 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  eight  gold streams  and  twenty-seven  gold  royalties, of  which  thirteen  of  the  underlying mines are producing gold. Sandstorm plans to grow and diversify its low cost  production  profile  through  the  acquisition  of  additional  gold  streams.  Sandstorm is  focused  on  low  cost  operations  with  excellent  exploration  potential and strong  management teams.  Sandstorm has  completed gold  stream  agreements with Brigus Gold Corp., Entrée Gold Inc., Luna Gold Corp.,  Metanor  Resources Inc., Mutiny  Gold Ltd., Rambler  Metals and Mining  plc., Santa  Fe  Gold Corp., and SilverCrest Mines Inc.  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,  2012 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.  Contact:  CONTACT INFORMATION  Sandstorm Gold Ltd. Nolan Watson, Chief Executive Officer (604) 689-0234  Denver Harris, Investor Relations Contact (604) 628-1178