PR Newswire
VANCOUVER, Sept. 12, 2024 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to provide various drilling and exploration updates from its diversified portfolio of streaming and royalty assets.
Lundin Gold Provides Bonza Sur Gold Discovery Updates; Expands Near-Mine Drill Program
Lundin Gold Inc. ("Lundin Gold") announced additional results from its 2024 near-mine drilling program, with recent intercepts continuing to delineate the new Bonza Sur gold deposit at the Fruta del Norte mine ("FDN"). The Bonza Sur gold deposit, discovered in 2023, is located 1 kilometre south of FDN. The deposit features a large mineralized envelope extending over 1.8 kilometres along strike, 100 metres wide, and at least 500 metres deep. More than 50 drill holes have been completed, revealing a higher-grade core with hydrothermal alteration and quartz veins. Lundin Gold's 2024 near-mine drilling program has been expanded by 10,000 metres to a total of 56,000 metres to further assess the deposit's full potential. As of August, the program had completed approximately 26,056 metres of drilling, the vast majority of which has been at Bonza Sur. The expanded program will increase costs by US$2 million, which combined with the regional program, results in an estimated program cost of US$44 million.
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