Peter Epstein Blog | CEO Interview Of Brett Heath Of Metalla Royalty, Full Steam Ahead | Talkmarkets
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CEO Interview Of Brett Heath Of Metalla Royalty, Full Steam Ahead

Date: Wednesday, November 28, 2018 1:25 PM EDT

The following interview of Brett Heath, CEO of Metalla Royalty & Streaming (TSX-V: MTA) / (OTCQB: MTAFF) took place by phone & email over the past 10 days.  Brett and his expert team have achieved quite a lot over the past year.  In this interview I asked Brett for an update as I am especially interested in Metalla’s latest transaction, (a 2% NSR) on the Santa Gertrudis Royalty.  Please take a few minutes to review Metalla’s new corporate presentation at the bottom of the interview. 

Please describe the importance of your most recent acquisition, the Santa Gertrudis Royalty (a 2% NSR).

The Santa Gertrudis royalty has the potential to be a Company maker for Metalla.  The expansive 42,000-hectare property in Sonora Mexico hosts Carlin-type deposits, similar in nature to what has created some of the largest hydrothermal gold deposits in the world.  This, combined with a world-class major gold producer in Agnico Eagle as the operator, that has invested upwards of $100 millioninto the asset shows the confidence and potential of further upside surprises like the new high-grade discovery of the Centauro Zone.  With an overall strike length of 18 km on the Santa Gertrudis property that has already been identified, Metalla is positioned to benefit from additional exploration success from the balance of Agnico’s 2018 drilling campaign and beyond.

Can we get an update on your 2 or 3 most important assets?

The Endeavor mine, operated by CBH Resources where we have a silver stream that contributes the most significant portion of Metalla’s cash flow continues to show signs of further exploration success of the Deep Zinc Lode discovery that was made earlier this year.  We hope to have an update in 2019 that outlines a mine plan extension past December 2020.

Also, we are expecting a resource update in January 2019 from Osisko Mining on the Garrison gold property where Metalla has a 2% NSR royalty.  Osisko has drilled an additional 90,000 m since the latest PEA (the PEA has just under 2 million ounces of gold resources).  We are expecting a significant improvement in total ounces, but also an improvement in the categories of Measured & Indicated. 

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