Vox Royalty (TSX-V:VOX) Corp gave an update on operations from some of its royalty assets, which has prompted the company to re-rate the probability of development at a few of the projects.
A particular high note is courtesy of the South Railroad project, where an upcoming feasibility study is likely to include “significantly” more royalty-linked reserve ounces, according to Vox.
Vox has a 0.633% net smelter royalty with advance minimum royalty payments over a portion of the South Railroad project, which is owned by Gold Standard Ventures.
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Additional highlights from the update include strong drill results from the Kookynie gold project owned by Genesis (TSX:GDC), and high-grade drill results from the Bulong project owned by Black Cat.
Drilling is also underway at Kookynie and the Bulgera project, which is owned by Norwest.
"The past month has been highly productive for Vox's operating partners, with significant exploration activity across 18 separate royalty assets,” CEO Riaan Esterhuizen said in the update.
“Active drilling at the South Railroad, Kookynie, Bulong and Bulgera gold projects continues to unlock value for Vox shareholders by re-rating the development probability of these projects. Of particular note, the infill drilling at South Railroad and Bulong continues to support the medium-term development plans for these exciting gold projects."
Toronto-based Vox is a precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions.
Contact Angela at angela@proactiveinvestors.com
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