We advised Metalla Royalty & Streaming Ltd. on the acquisition of royalty in the Del Carmen Project

Marval O’Farrell Mairal advised Metalla Royalty & Streaming Ltd. on the acquisition of an existing 0.5% NSR Royalty on a portion of Barrick Gold’s Alturas-Del Carmen Project for a total consideration of CAD 1.6 million in cash from Coin Hodl Inc.

The royalty that Metalla has acquired applies to the Del Carmen property that is on the Argentine side of Barrick’s Alturas-Del Carmen district in the El Indio belt, south of the Veladero Mine, in the San Juan Province. Del Carmen is a large high-sulphidation oxide gold-silver deposit comprised of three zones: Rojo Grande, Cerro Amarillo and the recently discovered Chibolita high grade corridor.

Brett Heath, President & CEO of Metalla, commented that this transaction “provides extraordinary value to Metalla shareholders. Alturas-Del Carmen is a 9-million-ounce gold project actively being explored and advanced toward development by one of the world’s largest gold producers.”