Vox Royalty lines up accretive royalty deal in Nevada
Vox Royalty (CVE:VOX) has entered into a binding agreement to acquire an effective aggregate 0.633% net smelter returns royalty on part of Gold Standard Ventures Corp s (CVE.GSV) Railroad-Pinion Gold Project.
The Railroad-Pinion Gold Project is located on the prolific Carlin Trend in Elko County, Nevada. The Carlin Trend has historically produced >80Moz of gold historically. Vox is acquiring the royalty from a legacy family of ranchers for a total cash consideration of US$1.98mln.
Vox is expected to begin realising revenue immediately after the close of the transaction, due June 30, as the royalty has associated advance minimum royalty payments of over C$120,000 per annum.