UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November, 2015
Commission File Number: 001-35404
EURASIAN MINERALS INC.
(Translation of registrants name into English)
Suite 501 543 Granville Street
Vancouver,
British Columbia V6C 1X8
Canada
(Address of principal
executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
[ ] Form 20-F [X]
Form 40-F
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
Exhibits:
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
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EURASIAN MINERALS INC. |
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(Registrant) |
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Date: November 23, 2015 |
By: |
/s/ Marjorie Winslow |
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Name: |
Marjorie Winslow |
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Title: |
Corporate Administrator |
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Eurasian Minerals Inc.
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NEWS RELEASE |
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Eurasian Minerals Options the Alankoy Copper-Gold Project in
Turkey for a Royalty Interest
Vancouver, British Columbia, November 23, 2015 (TSX Venture:
EMX; NYSE MKT: EMXX) Eurasian Minerals Inc. (the Company or EMX) is
pleased to announce the signing of an Exploration and Option Agreement (the
Agreement) with Black Sea Copper & Gold Corp. (Black Sea), a
privately-held British Columbia corporation, for the Alankoy copper-gold
property in northwestern Turkey. Black Sea has the option to earn a 100%
interest in the subsidiary companies that control the property through work
commitments, payments, and annual advance royalties (AARs). EMX will retain an
uncapped production royalty for all minerals produced from the project. The
royalty cannot be purchased in advance or otherwise reduced. Please see
www.eurasianminerals.com for more information.
Commercial Terms. Pursuant to the Agreement, Black Sea
has the option to acquire EMX subsidiaries that hold the Alankoy project, with
EMX retaining a production royalty of 3% for gold, silver, and other precious
metals and 2% for all other minerals produced from the project. To do so, Black
Sea is to make payments to EMX and conduct exploration as follows:
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Pay US $25,000 upon signing the Agreement;
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Expend at least US $75,000 on exploration
activities on or before the later of June 1, 2016 and the date on which
drilling permits have been issued (the Commencement Date); |
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Conduct at least 1,500 meters of exploration
drilling by the first anniversary of the Commencement Date; |
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Expend at least an additional US $200,000 on
exploration activities by the second anniversary of the Commencement Date;
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Expend at least an aggregate of US $3,000,000
on exploration activities on or before the sixth anniversary of the date
of the Agreement; and |
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Pay 500 troy ounces of gold (or cash equivalent
thereof) upon a decision to develop a mine on the project.
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In addition, Black Sea is to make annual deliveries of gold
bullion (or cash equivalent thereof) to EMX as AARs, as follows:
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37.5 troy ounces of gold delivered on the first
anniversary of the date of the Agreement (this payment may be made in
shares of Black Sea if at that time Black Sea is publicly traded on the
TSX Venture Exchange); |
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75 troy ounces of gold delivered on the second
and third anniversaries of the date of the Agreement; and |
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100 troy ounces of gold delivered on all
subsequent anniversaries until commencement of commercial production.
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Project Overview. Alankoy is located in Turkeys Biga
Peninsula, amidst a cluster of recent discoveries and advanced exploration
projects, including the nearby Halilaga porphyry copper-gold, TV Tower
epithermal gold-silver, and Kirazli epithermal gold-silver deposits. Like other
systems in the area, Alankoy is characterized by alunite-rich epithermal
alteration and the development of vuggy silica lithocaps.
Suite 501 543 Granville Street, Vancouver, British
Columbia, Canada V6C 1X8
Tel: (604) 688-6390 Fax: (604)
688-1157
www.EurasianMinerals.com
Historic work by MTA (Turkey's Directorate General of Mineral
Research and Exploration) in the late 1980s focused on the near-surface gold
mineralization in the lithocap, and included a campaign of twelve core holes,
all drilled to a pre-determined depth of 151 meters. Most notable is MTA drill
hole MJTC-10, which was drilled toward the center of the system and ended in
copper mineralization. Copper and gold grades increased toward the bottom of
MJTC-10, with overlapping end-of-hole intercepts of 22 meters (129-151m)
averaging 0.25% copper and 55.5 meters (95.5 -151m) averaging 0.14 g/t gold
(true thickness unknown). No drilling below 151 meters was conducted, and drill
hole MJTC-10 was never followed up. From the Companys independent work, MTAs
historic results are considered to be representative, reliable and relevant.
Broad zones of hydrothermal alteration are obvious at Alankoy,
and EMX has identified multiple exploration targets on the property via geologic
mapping, rock and soil sampling, spectral analyses and a ground magnetic survey.
This work outlined a six square kilometer area of lithocaps and quartzalunite
and argillic alteration with multiple styles of mineralization. Soil sampling
has delineated coincident and zoned gold (> 50 ppb Au), copper (> 50 ppm
Cu), and silver (> 0.25 ppm Ag) anomalies, with anomalous molybdenum (> 10
ppm Mo) outboard to the gold-copper-silver mineralization. EMX has also recently
recognized extensive zones of carbonate replacement style and skarn type
mineralization on the property, as well as breccia pipes with coincident
gold-in-soil anomalies (> 200 ppb Au) in the southern portion of the license.
Together, these represent a number of targets that range from distal, low
temperature environments (epithermal and breccia pipe hosted mineralization) to
proximal, higher temperature environments (replacement, skarn and porphyry style
mineralization).
Comments on Sampling, Assaying, QA/QC, and Nearby Projects.
EMX's geochemical samples were collected in accordance with CIM Best
Practice standards and guidelines. The samples were submitted to ALS
laboratories in Izmir, Turkey for sample preparation and Vancouver, Canada (ISO
9001:2000 and 17025:2005 accredited) for analysis. Gold was analyzed by fire
assay with an AAS finish, and the multi-element data underwent aqua regia
digestion and analysis with MS/AES techniques. As standard procedure, the
Company conducts routine QA/QC analysis on all assay results, including the
systematic utilization of certified reference materials, blanks, and field
duplicates.
The nearby deposits and advanced projects in the region provide
context for Alankoy, which occurs in a similar geologic setting. However, this
is not necessarily indicative that Alankoy hosts similar mineralization.
About EMX. Eurasian is a global gold and copper
exploration company utilizing a partnership business model to explore the
world's most promising and underexplored mineral belts. Eurasian generates
wealth via grassroots prospect generation, strategic acquisition and royalty
growth.
Dr. Eric P. Jensen, CPG, a Qualified Person as defined by
National Instrument 43-101 and employee of the Company, has reviewed, verified
and approved the disclosure of the technical information contained in this news
release.
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For further information contact: |
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David M. Cole |
Scott Close |
President and Chief Executive Officer |
Director of Investor Relations |
Phone: (303) 979-6666 |
Phone: (303) 973-8585 |
Email: Dave@EurasianMinerals.com |
Email: SClose@EurasianMinerals.com
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Website: www.EurasianMinerals.com |
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Suite 501 543 Granville Street, Vancouver, British
Columbia, Canada V6C 1X8
Tel: (604) 688-6390 Fax: (604)
688-1157
www.EurasianMinerals.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release may contain "forward looking statements"
that reflect the Company's current expectations and projections about its future
results. When used in this news release, words such as "estimate," "intend,"
"expect," "anticipate," "will" and similar expressions are intended to identify
forward-looking statements, which, by their very nature, are not guarantees of
the Company's future operational or financial performance, and are subject to
risks and uncertainties and other factors that could cause Eurasian's actual
results, performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these forward-looking statements. These risks,
uncertainties and factors may include, but are not limited to: unavailability of
financing, failure to identify commercially viable mineral reserves,
fluctuations in the market valuation for commodities, difficulties in obtaining
required approvals for the development of a mineral project, increased
regulatory compliance costs, expectations of project funding by joint venture
partners and other factors.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this news release
or as of the date otherwise specifically indicated herein. Due to risks and
uncertainties, including the risks and uncertainties identified in this news
release, and other risk factors and forward-looking statements listed in the
Company's MD&A for the nine-month period ended September 30, 2015 (the
"MD&A") and most recently filed Annual Information Form for the year ended
period ended December 31, 2014 (the "AIF"), actual events may differ materially
from current expectations. More information about the Company, including the
MD&A, the AIF and financial statements of the Company, is available on SEDAR
at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.
Suite 501 543 Granville Street, Vancouver, British
Columbia, Canada V6C 1X8
Tel: (604) 688-6390 Fax: (604)
688-1157
www.EurasianMinerals.com
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