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HONG KONG, April 30, 2021 /PRNewswire/ Scully Royalty Ltd. (the Company ) (NYSE: SRL) is pleased to announce that it has filed its annual report on form 20-F with the Securities and Exchange Commission, and also provides the following corporate updates:
UPDATE ON THE SCULLY MINE
The Scully Iron Ore Mine
Global Price of Iron Ore
The most valuable asset that the Company owns is its net revenues royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada. The royalty rate under this interest is 7.0% on iron ore shipped from the mine and 4.2% on iron ore shipped from tailings and other disposed materials, with a minimum payment of C$3.25 million per annum.
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Nexus Gold to Conduct Reconnaissance Program at the Manzour-Dayere Gold Project, Burkina Faso, West Africa
Vancouver, Canada - TheNewswire - April 9, 2021 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to report that it has mobilized field crews to its 100% owned, 190.53 sq-km (19,053-hectare), Manzour-Dayere gold exploration permit located on the Boromo Greenstone belt, 325 km south west of the capital city of Ouagadougou, Burkina Faso, West Africa.
Field crews will be conducting a property-wide geological mapping, prospecting, and rock sampling program to aid in determining suitable areas for ground follow up, and for drill testing. Previous operators on the property identified nine structures through an airborne magnetics survey. These structures received little to no follow up work. The program will also look to expand the gold mineralization that has already been identified in the Northeast corner of the property and retu