EMX Royalty Corp (EMX)

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FYI, the stock woke up around the timing of this PR and is now trading record volume... This might be an indication that there is more to this "belt scale" property than we know of yet... Their partner on this project is Freeport, whom is the largest publicly traded copper producer in the world... EMXX is not just a gold/silver company, they have projects covering many types of resources..

Eurasian Minerals Acquires Interest in an Emerging District-Scale Porphyry Copper-Gold Discovery
MarketwirePress Release: Eurasian Minerals Inc. – Thu, Sep 6, 2012 12:05 PM EDT


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2012) - Eurasian Minerals Inc. (the "Company" or "EMX") (EMX.V)(EMXX)(EMXX) is pleased to announce the Company's participation in ongoing discoveries at the Malmyzh porphyry copper-gold district in Far East Russia. Eurasian Capital, an EMX business unit led by Paul Zink, identified InterGeo Resources LLC ("IGR"), a privately-held exploration company, as an early-stage investment opportunity in 2011. EMX has invested US $3.04 million through four separate private financings, and is IGR's largest shareholder with a 36% equity position on a fully-diluted basis. The Malmyzh exploration and mining licenses are held by a joint venture between IGR and Freeport McMoran Exploration Corporation ("Freeport" or "FMEC"), with IGR operating and managing the project. EMX believes Malmyzh is an exciting grassroots discovery that is rapidly developing into a belt-scale exploration play.

IGR has advised that diamond drilling confirmed porphyry copper-gold mineralization at fourteen separate target areas within a district-scale, 16 by 5 kilometer intrusive corridor concealed beneath a shallow cover of soil and vegetation. IGR reported drill intercepts from two of the fourteen prospects as highlighted below:

-- 111.6 meters averaging 0.80% copper and 1.01 g/t gold (1.51% Cu equivalent) within a broader zone of 459.3 meters averaging 0.36% copperand 0.41 g/t gold (0.65% Cu equivalent)

-- 406.7 meters averaging 0.52% copper and 0.29 g/t gold (0.72% Cu equivalent)

-- 223.1 meters averaging 0.54 % copper and 0.18 g/t gold (0.66% Cu equivalent)

The joint venture is currently advancing the project towards initial resource definition, and designing an exploration program to: a) follow up on multiple zones of higher-grade copper-gold mineralization, b) expand the drill defined extent of the fourteen known centers of copper-gold mineralization, and c) conduct initial drill tests of additional target areas identified from geophysical and surface geochemical anomalies along the belt.

Malmyzh Project Background. Malmyzh is located in Far East Russia, approximately 220 kilometers northeast of the city of Khabarovsk and the nearby border with China. The project has excellent logistics and infrastructure, including high voltage power lines, a paved national highway, and a rail line that are all nearby to the property. As well, the Amur River lies within two kilometers of the project boundary and is directly linked to major shipping ports. The property is covered by two mining and exploration licenses that total 153 square kilometers.

Freeport (previously Phelps Dodge) identified Malmyzh as a prospective target for porphyry copper mineralization in 2006, and over a three-year period conducted surface geochemical sampling, geophysical surveys, and reconnaissance drilling totaling eight core holes (1,126 meters). This reconnaissance drilling intersected copper-gold mineralization in five of the early-stage target areas. Subsequently, IGR earned a 51% ownership interest in Freeport's Russian subsidiary that controlled the property and other assets in 2011 by completing 12,000 meters of drilling. Freeport does not retain any "clawback" or NSR provisions under the terms of the agreement with IGR. Should either party reduce its interest to under 10% of the joint venture, their interest reverts to a 1/2 cent (US) per pound payment of recoverable copper equivalent in the proven and probable categories of mineral reserves derived from each feasibility study through the life of the project.

The IGR team is led by President and CEO Tom Bowens, and includes key personnel with in-country expertise and a track record of exploration discovery and project development. EMX is contributing executive management guidance to IGR with the appointment of David M. Cole as the Chairman of the Board of Managers and M. Stephen Enders as a board member.

Malmyzh Geologic and Exploration Overview. Malmyzh's porphyry centers occur as Cretaceous-aged dioritic to granodioritic stocks that intruded and altered siltstone and sandstone sedimentary sequences. The project's terrain consists of low relief hills within the Amur River valley, with bedrock covered by a relatively shallow veneer of colluvium and alluvium. Drill targeting has focused principally on geophysical and soil geochemical anomalies, with an excellent track record of success to date.

Copper-gold porphyry mineralization consists of near-surface (i.e., within 2-50 meters of the surface) zones of chalcocite enrichment grading into chalcopyrite-rich and chalcopyrite-bornite-magnetite mineralization. Copper-gold mineralization occurs in the porphyry intrusives, as well as in the altered and stockworked sedimentary wall rocks. To date, 90 drill holes (29,300 meters) have been completed with 59 holes intersecting significant (greater than 0.3% copper equivalent) copper-gold mineralization. The Central Zone is the most advanced prospect, having been drill defined at a 200 meter spacing. Drill results reported by IGR are summarized in the table below.

Cant cut/paste the tables, you can read the rest of the PR here... http://finance.yahoo.com/news/eurasian-minerals-acquires-interest-emerging-160521446.html