Overview
The San Marcial royalty property is located in Sinaloa, Mexico and hosts a low sulfidation epithermal deposit.
Operator GR Silver Mining Ltd. (GR Silver) has a sliding scale royalty payment and buy-back option on the San Marcial property, such that the payments increase as the mineral resource estimate grows. This royalty starts at 0.5% NSR and can increase to 1.5% NSR. Based on the current San Marcial resource estimate, Elemental’s royalty is at 0.75% NSR, with a buy-back option for C$1.25M.
While San Marcial is best considered a silver deposit, the mineralization is multi-commodity, with zinc and lead closely associated with the silver. High-grade mineralization include wide hydrothermal breccias and stockwork veins. A narrow zone of high-grade gold has also been discovered in a sulfide-rich lapilli tuff unit.
GR Silver has identified new targets on the property and continues to expand the resource at San Marcial with underground drilling.
Cornerstone assets
