Arc Mineral Royalties Flags Mt Henry Resource Doubling to 1.8Moz

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โดย Newsfile Corp.·AU·Read original
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Arc Mineral Royalties Ltd. reported that Sinclair Gold Ltd.'s updated interim JORC 2012 Mineral Resource for the Mt Henry Gold Project in Western Australia has roughly doubled total contained gold to 1.8 million ounces from the 0.9 million ounces reported when Sinclair Gold acquired the Project in February 2026. The interim resource comprises 33.9 million tonnes grading 1.2 g/t gold for 1.3 million ounces in the Measured and Indicated categories, plus 14.0 million tonnes grading 1.2 g/t gold for 0.5 million ounces in the Inferred category. Only 20,426 meters, or 41 percent, of Sinclair Gold's ongoing 50,000 meter drill program is included, reflecting a July 31, 2026 data cut-off, and all resource growth comes from drilling on the Mt Henry and Selene deposits. Arc holds a 1 percent net smelter return royalty over the entire Project, with an option to acquire an additional 1 percent NSR royalty for A$10 million, exercisable for 30 days following Sinclair Gold's announcement of a 2.0Moz JORC Mineral Resource. Five rigs are currently drilling with assays pending from 25 holes outside the current resource footprint, and Sinclair Gold, which held A$38.2 million cash as of June 30, 2026, expects another resource update before the end of FY2027.

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Sinclair Gold's Mt Henry interim resource roughly doubled to 1.8Moz contained gold, with only 41% of its 50,000m drill program included and further assays pending

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