Ely Gold Royalties Inc.: Ely Gold Royalties Closes Railroad-Pinion Royalty, Nevada
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2021) - Ely Gold Royalties Inc.
(TSXV: ELY) (OTCQX: ELYGF) ("
Ely Gold" or the "
Company") is pleased to announce that on December 30, 2020 it closed the purchase of private mineral interests on over 8,000 acres of private fee ground in Elko County, Nevada (the "
Mineral Interests").
All the fee ground and the Mineral Interests are currently leased to Gold Standard Ventures Corp ("
GSV") and cover certain portions of GSV's Railroad-Pinion Project currently being developed as a heap-leach mining operation (the "
Lease"). The Lease provides for a combined 0.436% net smelter returns royalty ("