Overview
The Hardshell Skarn royalty property is located ~75km southeast of Tucson, Arizona within the Patagonia Mountains, and is part of the ‘Hermosa Project’.
The Hermosa land package includes the Taylor zinc-lead-silver deposit which is actively being advanced towards production. Elemental retains a 2% NSR royalty on the Hardshell Skarn property that is not capped, nor subject to buy-down, resulting from the sale of the property to Arizona Mining Inc. in 2015. South32 acquired Arizona Mining in 2018.
The Hardshell Skarn royalty claim block lies between the Sunnyside porphyry copper system to the west, the Taylor Deposit and Central Deposit to the north and east, and the historic Trench mine to the north.
Early stage royalty generation work targeted base and precious metals mineralization in skarn and replacement bodies within a series of Paleozoic limestones. These carbonate rocks, as well as skarn mineralization, were intersected by Asarco in deep historic drilling (depths from 1,256-1,491 m) adjacent to the Sunnyside porphyry center and to the northwest of the Hardshell Skarn claim block.
From west to east, the target rocks step to shallower levels across the Elemental royalty position by a series of north trending faults, and are less than 100m below the surface immediately east of Elemental’s royalty property.
Cornerstone assets
