VANCOUVER, Sept. 12, 2024 /PRNewswire/ – Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND) (TSX: SSL) is happy to lend diverse drilling and exploration updates from its various portfolio of streaming and royalty property.

Lundin Gold Supplies Bonza Sur Gold Discovery Updates; Expands Similar-Mine Drill Program

Lundin Gold Inc. (“Lundin Gold”) introduced alternative effects from its 2024 near-mine drilling program, with contemporary intercepts proceeding to delineate the pristine Bonza Sur gold locker on the Fruta del Norte mine (“FDN”). The Bonza Sur gold locker, found out in 2023, is positioned 1 kilometre south of FDN. The locker includes a huge mineralized envelope extending over 1.8 kilometres alongside collision, 100 metres huge, and a minimum of 500 metres deep. Greater than 50 drill holes had been finished, revealing a higher-grade core with hydrothermal alteration and quartz veins. Lundin Gold’s 2024 near-mine drilling program has been expanded via 10,000 metres to a complete of 56,000 metres to additional assess the locker’s complete doable. As of August, this system had finished roughly 26,056 metres of drilling, the immense majority of which has been at Bonza Sur. The expanded program will build up prices via US$2 million, which blended with the regional program, leads to an estimated program price of US$44 million.

Lundin Gold is interested by increasing Bonza Sur’s doable with a metallurgical find out about deliberate for 2024 and a maiden Mineral Useful resource Estimate is predicted via mid-2025. As a part of its contemporary Investor While, the corporate highlighted the chance for Bonza Sur to be its 2nd generating locker throughout the L. a. Zarza mining concession. A Initial Financial Evaluation on Bonza Sur is predicted previous to the tip of 2025, which can define the possible to create a pristine 10,000–15,000 tonnes in keeping with age unoccupied pit mine at Bonza Sur.

Bonza Sur exploration highlights come with (now not true widths):

• BLP-2024-107: 2.01 grams in keeping with tonne (“g/t”) gold over 113.3 metres from 6.5 metres, together with:
  • 3.10 g/t gold over 54.8 metres from 6.5 metres, with 8.59 g/t gold over 9.0 metres;

• BLP-2024-128: 1.96 g/t gold over 102.6 metres from 57.3 metres, together with:
  • 3.84 g/t gold over 41.4 metres from 111.3 metres with 7.24 g/t gold over 11.6 metres;

• BLP-2024-123: 1.54 g/t gold over 126.7 metres from 77.1 metres together with:
  • 4.11 g/t gold over 31.4 metres from 77.1 metres, with 13.75 g/t gold over 9.0 metres; and

• BLP-2024-133: 1.01 g/t gold over 125.7 metres from 0.0 metres together with:
  • 3.32 g/t gold over 22.1 metres from 86.8 metres, with 7.81 g/t gold over 6.4 metres.

For more info, together with whole main points of the drill effects, discuss with Lundin Gold’s web page at www.lundingold.com and please see the click loose dated August 7, 2024 and Lundin Gold’s Investor While Transcript dated September 6, 2024. Sandstorm holds a zero.9% web smelter returns (“NSR”) royalty at the treasured metals produced at FDN.

Prime-Grade Drill Effects at Bonterra’s Phoenix JV Moss Goal

Bonterra Assets Inc. (“Bonterra”) introduced alternative drill effects at the Phoenix JV (previously referred to as the City-Barry Quality), which is underneath a definitive earn-in and three way partnership commitment (the “JV Agreement”) with Osisko Mining Inc. (“Osisko Mining”), wherein Osisko Mining has the suitable to procure as much as a 70% pastime within the Phoenix JV via spending C$30 million in paintings expenditures over a three-year duration. As of August 6, 2024, roughly 60,000 metres had been drilled at the undertaking, together with 37,000 metres only at the Moss Goal the place mineralization matching to the high-grade Lynx Zone has been showed at intensity via Osisko Mining.

Highlights on the Moss goal come with:

• OSK-PHX-24-078: 38.33 g/t gold over 1.1 metres from 844.4 metres, together with:
  • 69.6 g/t gold over 0.6 metres;
• OSK-PHX-24-096: 7.37 g/t gold over 4.2 metres from 930.6 metres, together with:
  • 28.6 g/t gold over 0.4 metres;
• OSK-PHX-24-082: 14.35 g/t gold over 1.6 metres from 314.7 metres, together with:
  • 29.6 g/t gold over 0.7 metres;
• OSK-PHX-24-072: 24.14 g/t gold over 1.4 metres from 334.3 metres, together with:
  • 48.1 g/t gold over 0.7 metres;
• OSK-PHX-24-080: 42.1 g/t gold over 0.8 metres from 329.1 metres; and
• OSK-PHX-24-049: 75.8 g/t gold over 0.3 metres from 185.4 metres.

Drilling actions are actually whole and Bonterra expects drilling will resume after in 2024 as soon as all assays are won. Bonterra reported that general expenditures at the undertaking will exceed the minimal annual spending constancy of C$10 million defined within the JV Contract.

In August, Gold Boxes Restricted (“Gold Fields”) introduced that it had entered right into a definitive commitment to procure Osisko Mining, consolidating possession of the Providence Undertaking and the shape exploration district. As a part of the strategic rationale for the transaction, Gold Boxes cited vital regional exploration doable within the extremely potential City-Barry district and the near-mine exploration upside enhanced throughout the Osisko Mining JV Contract.

For more info, together with a whole listing of drill effects, discuss with Bonterra’s web page at www.btrgold.com and please see the click loose dated August 6, 2024. For more info referring to Gold Boxes’ acquisition of Osisko Mining, discuss with www.goldfields.com and please see the click loose dated August 12, 2024.

Sandstorm holds an NSR royalty ranging between 0.5%–3.9% on parts of the Phoenix JV trait, which covers each the Barry and Moss deposits. Sandstorm additionally holds a 1.0% NSR royalty at the neighbouring Gladiator (West Enviornment) gold locker.

Awalé Reviews Prime-Grade Effects at Odienné Together with 45.7 g/t Gold Over 32 Metres and 20 g/t Gold Over 29 Metres

Awalé Assets Restricted (“Awalé”) reported a number of high-grade intercepts from its ongoing drill program on the Odienné undertaking in Côte d’Ivoire, with vital assay effects at each the BBM and Charger Zones.

In January 2024, Awalé introduced an important pristine discovery (the “BBM Zone”), reporting a couple of high-grade intercepts. This discovery eager the level for additional drilling, and via March 2024, the corporate had finished follow-up drilling that showed the perpetuity of shallow, high-grade mineralization on the BBM Zone. The assays clear finest gold and copper doable, with the mineralization too much unoccupied in a couple of instructions. Highlights from the drill program come with:

BBM ZONE

• OEDD-89: 35 metres at 2.2 g/t gold from 318 metres, together with:
  • 23 metres at 2.5 g/t gold from 330 metres;
• OEDD-90: 52 metres at 1.5 g/t gold from 181 metres, together with:
  • 19 metres at 2.6 g/t gold from 212 metres;
• OEDD-74: 75 metres at 1.8 g/t gold from 242 metres, together with:
  • 1 metre at 8.0 g/t gold from 281 metres;
  • 17 metres at 2.4 g/t from 300 metres;
• OEDD-76: 40 metres at 1.5 g/t gold from 194 metres, together with:
  • 12 metres at 4.0 g/t from 219 metres;
• OEDD-65: 44 metres at 1.4 g/t gold from 131 metres, together with:
  • 6 metres at 3.9 g/t gold from 134 metres;
  • 9 metres at 1.9 g/t gold from 146 metres; and
• OEDD-64: 22 metres at 1.7 g/t gold from 60 metres, together with:
  • 2 metres at 5.7 g/t gold from 72 metres.

In April 2024, drilling resumed on the Charger Zone, development on earlier discoveries. Maximum particularly, Awalé reported assay result of 20 g/t gold over 29 metres, following an previous intercept of 45.7 g/t gold over 32 metres. Those high-grade breccia zones demonstrated sturdy perpetuity and additional exploration doable. Highlights from the drill program come with:

CHARGER ZONE

• OEDD-88: 20 g/t gold over 29 metres from 149 metres together with:
  • 39.5 g/t gold over 8 metres from 149 metres;
• OEDD-83: 57 metres at 26 g/t gold from 164 metres, together with:
  • 45.7 g/t gold over 32 metres from 165 metres;
• OERC-132: 32 metres at 3.0 g/t gold from 74 metres, together with:
  • 4 metres at 12.4 g/t gold from 78 metres;
• OEDD-45 (step again from OERC-132) comprises 3 impressive periods inside of a 65 metres-wide zone of mineralization, together with:
  • 12 metres at 4.9 g/t gold from 89 metres;
  • 13 metres at 1.3 g/t gold from 114 metres;
  • 21 metres at 1.3 g/t gold from 133 metres; and
• OEDD-53 (50 metre step again from OEDD-45): 32 metres at 1.5 g/t gold from 215 metres, together with:
  • 3 metres at 5.2 g/t gold from 77 metres.

Awalé has deliberate to extend its drilling program, aiming to finish 25,000 metres of drilling via the tip of 2024, that specialize in each the Charger and BBM Zones.

For more info, together with whole drill effects, discuss with Awalé’s web page at www.awaleresources.ca and please see the click releases dated January 11, March 18, March 25, July 31, and September 9, 2024. Sandstorm holds a 2.0% NSR royalty at the Odienné undertaking.

Antipa Minerals Completes Section 1 Drill Program at Minyari Dome

Antipa Minerals Ltd. (“Antipa”) introduced the of completion of its Section 1 drilling program which incorporated 14,936 metres of opposite movement (“RC”) and diamond core drilling at its 100%-owned Minyari Dome gold-copper undertaking within the Paterson Province of Western Australia. The Section 1 drill program was once to start with deliberate for 71 RC drill holes however was once expanded to 81 drill holes because of sure early effects. Drilling on the GEO-01 discovery considerably larger the mineralized footprint, revealing zones of near-surface and high-grade gold mineralization.

Remarkable intersections on the GEO-01 discovery come with:

• 24MYC0610: 35 metres at 3.0 g/t gold from 20 metres, together with:
  • 16 metres at 5.6 g/t gold from 33 metres, additionally together with:
    • 1 metre at 14.4 g/t gold from 34 metres; and
    • 1 metre at 24.0 g/t gold from 48 metres;

• 24MYC0441: 66 metres at 1.4 g/t gold and nil.04% copper from 118 metres, together with:
  • 6 metres at 1.9 g/t gold and nil.11% copper from 118 metres;
  • 17 metres at 4.4 g/t gold from 157 metres, additionally together with:
    • 4 metres at 15.5 g/t gold from 168 metres; and

• 24MYC0442: 20 metres at 2.4 g/t gold from 114 metres, together with:
  • 11 metres at 3.4 g/t gold from 122 metres, additionally together with:
    • 3 metres at 4.8 g/t gold from 124 metres.

Along with GEO-01, exploration at alternative goals such because the Minyari Southeast Extension goal clear vital gold mineralization. Updates of the prevailing Minyari Mineral Useful resource Estimate, together with the incorporation of effects from drilling on the Minyari Southeastern Extension goal are scheduled for of completion within the 3rd quarter 2024. Antipa’s Section 2 exploration program will center of attention on additional drilling at GEO-01 aiming to extend the prevailing Minyari Dome Mineral Useful resource footing, which recently stands at 950,000 oz of gold, 41,100 tonnes of copper, 387,000 oz of silver, and seven,700 tonnes of cobalt within the Indicated Section, contained inside of 21.1 million tonnes with a mean grade of one.39 g/t gold, 0.20% copper, 0.57 g/t silver, and nil.04% cobalt plus 800,000 oz of gold, 23,200 tonnes of copper, 197,000 oz of silver and three,400 tonnes of cobalt within the Inferred Section, contained inside of 12.8 million tonnes with a mean grade of one.94 g/t gold, 0.18% copper, 0.48 g/t silver, and nil.03% cobalt, in accordance with snip off grades of 0.5 and 1.5 g/t gold similar (“AuEq”). For AuEq calculations please see Antipa’s web page at www.antipaminerals.com.au.

The Minyari Dome undertaking is strategically positioned in proximity to vital mining operations, together with Newmont Mining’s Telfer mine and Rio Tinto’s Winu undertaking. The undertaking department hosts the Minyari and WACA deposits in addition to a number of alternative satellite tv for pc deposits and high-priority exploration goals.

For more info, together with a whole listing of drill effects, discuss with Antipa’s web page at www.antipaminerals.com.au and please see the click loose dated July 29, 2024. Sandstorm holds a 1.0% NSR royalty at the North Telfer undertaking, which encompasses the Minyari Dome undertaking.

Troilus Releases Prime-Grade Drill Effects at Newly Found out Gold Zone

In Might, Troilus Gold Corp. (“Troilus”) introduced the result of the Feasibility Learn about at the Troilus gold-copper undertaking in northcentral Quebec, Canada. The Feasibility Learn about envisions a large-scale, 22-year open-pit mining undertaking with doable for time underground construction. The find out about outlines reasonable annual manufacturing of 244,600 oz of gold, 17.3 million kilos of copper, and 446,700 oz of silver. The undertaking is predicted to have all-in maintaining prices of $1,109/ounce and base-case after-tax NPV of US$884.5 million.

Next to the loose of the Feasibility Learn about, Troilus introduced the invention of a pristine gold zone—the “West Rim Zone”—positioned inside of 200 metres west of the North Conserve Pit Shell. The invention is a part of an ongoing 25,000-metre drill program designed to extend and outline choose drill goals alongside the primary mineral hall and domestically. In September, Troilus discharged high-grade drill effects from the West Rim Zone together with:

• WR-24-003: 1.64 g/t gold over 20 metres, together with:
  • 3.07 g/t gold over 8 metres from 87 metres; and

• WR-24-004: 1.05 g/t gold over 11 metres, together with:
  • 7.03 g/t gold, over 1 metre from 27 metres.

Troilus is actively reviewing the knowledge from the stream segment of the drill marketing campaign to deliver to refine its concentrated on technique for the after spherical of drilling, eager to begin in the second one part of 2024.

For more info, together with whole drill effects, discuss with Troilus’ web page at www.troilusgold.com and please see the click releases dated Might 14, Might 30, and September 3, 2024. Sandstorm holds a 1.0% NSR royalty at the Troilus undertaking.

Certified Particular person

Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm’s Vice President, Mining & Engineering is a Certified Particular person as outlined via Canadian Nationwide Device 43-101. She has reviewed and licensed the medical and technical knowledge on this information loose.

ABOUT SANDSTORM GOLD ROYALTIES

Sandstorm is a treasured metals-focused royalty corporate that gives prematurely financing to mining corporations and receives the suitable to a share of manufacturing from a mine, for the moment of the mine. Sandstorm holds a portfolio of over 230 royalties, of which 41 of the underlying mines are generating. Sandstorm plans to develop and diversify its cheap manufacturing profile throughout the acquisition of alternative gold royalties. For more info discuss with: www.sandstormgold.com.

CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS

The monetary knowledge incorporated or integrated via reference on this press loose or the paperwork referenced herein has been ready in keeping with Global Monetary Reporting Requirements as issued via the Global Accounting Requirements Board, which differs from US most often accredited accounting rules (“US GAAP”) in sure subject matter admires, and thus don’t seem to be without delay related to monetary statements ready in keeping with US GAAP.

This press loose and the paperwork integrated via reference herein, as acceptable, had been ready in keeping with Canadian requirements for the reporting of mineral useful resource and mineral hold estimates, which vary from the former and stream requirements of the USA securities rules. Specifically, and with out proscribing the generality of the foregoing, the phrases “mineral reserve”, “proven mineral reserve”, “probable mineral reserve”, “inferred mineral resources,”, “indicated mineral resources,” “measured mineral resources” and “mineral resources” old or referenced herein and the paperwork integrated via reference herein, as acceptable, are Canadian mineral disclosure phrases as outlined in keeping with Canadian Nationwide Device 43-101 — Requirements of Disclosure for Mineral Tasks (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) — CIM Definition Requirements on Mineral Assets and Mineral Reserves, followed via the CIM Council, as amended (the “CIM Definition Standards”).

For United States reporting functions, the USA Securities and Trade Fee (the “SEC”) has followed amendments to its disclosure regulations (the “SEC Modernization Rules”) to modernize the mining trait disclosure necessities for issuers whose securities are registered with the SEC underneath the Trade Operate, which changed into efficient February 25, 2019. The SEC Modernization Laws extra carefully align the SEC’s disclosure necessities and insurance policies for mining homes with stream business and international regulatory practices and requirements, together with NI 43-101, and exchange the historic trait disclosure necessities for mining registrants that had been incorporated in SEC Business Information 7. Issuers had been required to agree to the SEC Modernization Laws of their first fiscal 12 months starting on or then January 1, 2021. As a international non-public issuer this is eligible to record experiences with the SEC pursuant to the multi-jurisdictional disclosure device, the Company isn’t required to lend disclosure on its mineral homes underneath the SEC Modernization Laws and can proceed to lend disclosure underneath NI 43-101 and the CIM Definition Requirements. Accordingly, mineral hold and mineral useful resource knowledge contained or integrated via reference herein might not be related to matching knowledge disclosed via United States corporations topic to the USA federal securities rules and the foundations and laws thereunder.

Because of the adoption of the SEC Modernization Laws, the SEC now admires estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources.” As well as, the SEC has amended its definitions of “proven mineral reserves” and “probable mineral reserves” to be “substantially similar” to the corresponding CIM Definition Requirements which can be required underneath NI 43-101. Generation the SEC will now acknowledge “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”, U.S. buyers will have to now not suppose that each one or any a part of the mineralization in those divisions will likely be transformed into a better section of mineral sources or into mineral reserves with out additional paintings and research. Mineralization described the use of those phrases has a better quantity of hesitancy as to its lifestyles and feasibility than mineralization that has been characterised as reserves. Accordingly, U.S. buyers are cautioned to not suppose that each one or any slow mineral sources, indicated mineral sources, or inferred mineral sources that the Corporate experiences are or will likely be economically or legally mineable with out additional paintings and research. Additional, “inferred mineral resources” have a better quantity of hesitancy and as as to if they are able to be mined legally or economically. Subsequently, U.S. buyers also are cautioned to not suppose that each one or any a part of inferred mineral sources will likely be upgraded to a better section with out additional paintings and research. Beneath Canadian securities rules, estimates of “inferred mineral resources” would possibly not mode the foundation of feasibility or pre-feasibility research, apart from in uncommon instances. Generation the above phrases are “substantially similar” to CIM Definitions, there are variations within the definitions underneath the SEC Modernization Laws and the CIM Definition Requirements. Accordingly, there’s no word any mineral reserves or mineral sources that the Corporate would possibly record as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” underneath NI 43-101 will be the similar had the Corporate ready the hold or useful resource estimates underneath the factors followed underneath the SEC Modernization Laws or underneath the prior requirements of SEC Business Information 7.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press loose comprises “forward-looking statements”, throughout the which means of the U.S. Securities Operate of 1933, the U.S. Securities Trade Operate of 1934, the Non-public Securities Litigation Reform Operate of 1995 and “forward-looking information” throughout the which means of acceptable Canadian securities law, regarding the industry, operations and fiscal efficiency and situation of Sandstorm Gold Royalties. Ahead-looking statements come with the time worth of gold, silver, copper, iron ore and alternative metals, the estimation of mineral reserves and sources, realization of mineral hold estimates, and the timing and quantity of estimated time manufacturing. Ahead-looking statements can most often be known via the significance of forward-looking terminology similar to “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or matching terminology.

Ahead-looking statements are made based totally upon sure guesses and alternative remarkable components that, if unfaithful, may just reason the latest effects, performances or achievements of Sandstorm Gold Royalties to be materially other from time effects, performances or achievements expressed or implied via such statements. Such statements and knowledge are in accordance with various guesses referring to provide and time industry methods and the condition through which Sandstorm Gold Royalties will function going forward, together with the receipt of all required approvals, the cost of gold and copper and expected prices. Positive remarkable components that would reason latest effects, performances or achievements to vary materially from the ones within the forward-looking statements come with, among others, failure to obtain essential approvals, adjustments in industry plans and methods, marketplace statuses, percentage worth, best possible significance of to be had money, gold and alternative commodity worth volatility, discrepancies between latest and estimated manufacturing, mineral reserves and sources and metallurgical fixes, mining operational and construction dangers when it comes to the events which manufacture the gold or alternative commodity the Corporate will acquire, regulatory restrictions, actions via governmental government (together with adjustments in taxation), forex fluctuations, the worldwide financial atmosphere, dilution, percentage worth volatility and pageant.

Ahead-looking statements are topic to recognized and unknown dangers, uncertainties and alternative remarkable components that can reason the latest effects, degree of job, efficiency or achievements of the Corporate to be materially other from the ones expressed or implied via such forward-looking statements, together with however now not restricted to: the affect of common industry and financial statuses, the a lack of regulate over mining operations from which the Corporate will acquire gold, alternative commodities or obtain royalties from, and dangers indistinguishable to these mining operations, together with dangers indistinguishable to world operations, govt and environmental legislation, latest result of stream exploration actions, conclusions of monetary critiques and adjustments in undertaking parameters as plans proceed to be delicate, dangers within the marketability of minerals, fluctuations in the cost of gold and alternative commodities, fluctuation in foreign currency echange charges and rates of interest, retain marketplace volatility, in addition to the ones components mentioned within the division entitled “Risks to Sandstorm” within the Corporate’s annual record for the monetary 12 months ended December 31, 2023 and the division entitled “Risk Factors” contained within the Corporate’s annual knowledge mode dated March 27, 2024 to be had at www.sedarplus.com. Even supposing the Corporate has tried to spot remarkable components that would reason latest effects to vary materially from the ones contained in forward-looking statements, there could also be alternative components that reason effects to not be as expected, estimated or supposed. There can also be negative word that such statements will turn out to be correct, as latest effects and time occasions may just vary materially from the ones expected in such statements. Accordingly, readers will have to now not park undue reliance on forward-looking statements. The Corporate does now not adopt to replace any forward-looking statements which can be contained or integrated via reference, apart from in keeping with acceptable securities rules.

SOURCE Sandstorm Gold Ltd.

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