viewOrogen Royalties Inc.

Orogen Royalties encouraged by high-grade intercepts indicating significant expansion potential at the Silicon project

The firm holds a 1% NSR on the Nevada property, which is owned by AngloGold Ashanti

Orogen Royalties Inc. -
New drill results from claims adjacent to the southern border include 71.6m grading 1.8 g/t gold from 192

Orogen Royalties Inc (CVE:OGN) said Tuesday that exploration work near the Silicon project in Nevada uncovered high-grade intervals that could have “meaningful implications” for Orogen’s 1% net smelter return royalty on the property.

New drill results by Coeur Mining Inc (NYSE:CDE) and Corvus Gold Inc (TSE:KOR) on claims that buttress the southern border of the project suggest “significant” expansion potential of Silicon, which is owned by AngloGold Ashanti NA.

Highlights of the latest drill results include 71.6 metres grading 1.8 grams per ton (g/t) gold from 192 metres (m); 97.5m grading 1.4 g/t gold from 164.6m, and 80.8m grading 1.1 g/t gold from 163.1m.

READ: Orogen Resources options Sarape gold property to Hochschild Mining subsidiary in Mexico

"These results are exciting and have potentially meaningful implications for Orogen's royalty on the Silicon project,” Orogen CEO Paddy Nicol said in a statement.

“The drill holes are located approximately 1,500 metres from the southern extent of AngloGold's drilling on the main Silicon area. The intervening Silicon ground, which has yet to be drill-tested, holds potential for similar oxide gold intercepts."

Photograph looking south from the Silicon project towards recent drilling results on Corvus Gold and Coeur Mining lands

Orogen told shareholders that AngloGold has recently received approval of their plan of operations permit, allowing 155 acres of additional surface disturbance with 109 approved Phase 1 drill sites on the main Silicon area.

Silicon is an epithermal gold system that covers a large area in the Bare Mountain district of Nevada. AngloGold has drilled 47 holes totaling approximately 19,000 metres and has permitted an additional 155 acres of surface disturbance, including 109 approved drill sites in their Phase 1 program. 

Orogen also holds a 2% royalty on the Ermitaño West gold-silver deposit in Sonora, Mexico, owned by First Majestic Corp, and eight early-stage royalty assets in Mexico, Nevada, and Argentina and a broad portfolio of exploration projects in Canada, USA, and Mexico.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Orogen Royalties Inc.

Price: 0.3 CAD

Market: TSX-V
Market Cap: $52.02 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Orogen Royalties Inc. named herein, including the promotion by the Company of Orogen Royalties Inc. in any Content on the Site, the Company...


Orogen Royalties strong management team puts together impressive group of...

Orogen Royalties (CVE: OGN) CEO Paddy Nicol joined Steve Darling from Proactive to share news about the royalty company that actually is a couple of companies rolled into one as they bring exploration and transactional expertise from Evrim Resources and Renaissance Gold. Nicol talks about the...

on 8/10/20

2 min read