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Orogen Royalties Announces Nevada Exploration Programs and Alliances


Estimated 15,000 metres of partner-funded drilling on exploration-stage projects generated by Orogen

VANCOUVER, BC / ACCESSWIRE / April 17, 2024 / (TSXV:OGN)(OTCQX:OGNRF) ("Orogen" or the "Company") Orogen Royalties Inc. is pleased to announce a partner-funded generative exploration and alliance update in Nevada, USA.

Paddy Nicol, Orogen's CEO, commented, "In addition to our 1% net smelter return ("NSR") royalty on AngloGold Ashanti's Expanded Silicon gold project, Orogen has a broad portfolio in Nevada (Figure 1) comprising five exploration stage royalties, seven partner-funded option agreements, and two partner-funded generative alliances. We remain committed to prospect generation and the organic creation of royalties at little or no cost to the Company. Several of our exploration partners plan to advance projects in Nevada this year, and the royalties generated from these assets potentially represent significant value creators for the Company. The Ermitaño gold-silver mine and the Expanded Silicon gold project, targets generated by Orogen's exploration teams, were once at this stage of exploration."

Partner Update:

Figure 1 - Overview of Orogen's Royalties and Partnered and Available Projects in Nevada

Qualified Person Statement

All new technical data, as disclosed in this press release, has been verified by Laurence Pryer, Ph.D., P.Geo., VP. Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.

Certain technical disclosure in this release is a summary of previously released information and the Company is relying on the interpretation provided by the relevant referenced partner. Additional information can be found on the links in the footnotes or on SEDAR+ (www.sedarplus.ca).

About Orogen Royalties Inc.

Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon Project (1.0% NSR royalty) in Nevada, U.S.A, being advanced by AngloGold Ashanti NA. The Company is well financed with several projects actively being developed by joint venture partners.

On Behalf of the Board
OROGEN ROYALTIES INC.

Paddy Nicol
President & CEO

To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.

Orogen Royalties Inc.
1015 - 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
[email protected]

Forward Looking Information

This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.

Although the Company believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.

Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

  1. https://headwatergold.com/2024/headwater-gold-announces-planned-2024-drill-programs-on-spring-peak-and-lodestar-projects-nevada/
  2. https://strikepointgold.com/strikepoint-begins-drilling-on-the-cuprite-gold-project-walker-lane-nevada/
  3. https://orogenroyalties.com/news-releases/orogen-royalties-and-altius-minerals-form-nevada-generative-alliance-and-announce-acquisition-of-the-cuprite-epithermal-gold-pro/
  4. https://www.sec.gov/Archives/edgar/data/1973832/000162828024006521/agahy2dec2023preliminaryfi.htm

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Orogen Royalties Inc



View the original press release on accesswire.com


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