Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to provide a progress update at various projects underlying the Company’s streams and royalties.

Columbus Gold Releases Updated Resource at Paul Isnard

Columbus Gold Corporation (“Columbus Gold”) recently completed an extensive drilling program at its Paul Isnard project in French Guiana (“Paul Isnard”) consisting of 26,600 meters in 126 core holes. As a result of the additional drilling, Columbus Gold has released an updated National Instrument 43-101 (“NI 43-101”) compliant resource estimate, completed by independent consultants.



At the breakeven gold cut-off grade of 0.40g/t.

The updated resource estimate will support the completion of a Preliminary Economic Assessment on Paul Isnard, expected to be completed in the second quarter of 2015. The work is being funded by Nord Gold N.V. as part of a minimum US$30 million exploration and development program pursuant to which they can earn a 50.01% interest in the Paul Isnard mineral titles. The earn-in also stipulates the completion of a bankable feasibility study no later than March 2017.

Sandstorm holds a 1.0% net smelter returns (“NSR”) royalty over the Paul Isnard project.

For more information, visit the Columbus Gold website at www.columbusgoldcorp.com and see the press release dated April 21, 2015.

Orezone Announces Positive Feasibility Study for Bomboré

Orezone Gold Corporation (“Orezone”) announced the highlights of its Feasibility Study for the Bomboré Gold Project in Burkina Faso (“Bomboré”). The study envisions a shallow open pit mining operation with a processing circuit that combines heap leaching and carbon-in-leach (“CIL”) without any grinding to process the soft and mostly free digging oxidized ores. The eleven-year mine plan is designed to deliver higher grade ore in the early years (0.88 g/t over the first eight years of production at a strip ratio of 1:1). Lower grade stockpiles will be processed in the final three years. The financial model with revenues based on a US$1,250 gold price, yields 24.4% after tax internal rate of return to Orezone (based on 90% ownership, 10% Gov’t) with a net present value of US$196 million at a 5% discount rate. Project payback is estimated at 2.7 years with all in sustaining costs averaging $678 per ounce. Initial capital is estimated at $250.0 million including contingencies, all working capital and a $10.5 M credit for gold revenues generated during the pre-production period. At higher gold prices (>US$1,400), there is the possibility of a second phase at Bomboré that would expand the standard CIL circuit with the addition of grinding to process the well-defined sulphide resource (73 Mt at 1.1 g/t for 2.6 Moz).

Sandstorm has a 0.45% NSR royalty on the Bomboré project and a right of first refusal on any future stream or royalty financings related to Bomboré, subject to certain conditions.

For more information, visit the Orezone website at www.orezone.com and see the press release dated April 28, 2015.

Canadian Zinc Releases Positive Drill Results at Prairie Creek

Canadian Zinc Corporation (“Canadian Zinc”) reported assay results from the first four drill holes of their current underground drill program at the Prairie Creek Mine in the Northwest Territories, Canada. Drilling highlights included an intercept of 27.5% Pb, 30.5% Zn, 289 g/t Ag over an estimated true width of 3.03 metres in the main quartz vein (“MQV”) and an intercept of 7.2% Pb, 11.9% Zn, 89 g/t Ag over an estimated true width of 3.63 metres in the stockwork zone (“STK”). The drill program will comprise about 6,000 metres of diamond drilling over 21 holes. Initial assay results from the program are as follows:
see more on
http://www.sandstormgold.com/news/2015/index.php?&content_id=444

Grafieken waren niet over te nemen.(red.)