viewOrogen Royalties Inc.

Orogen Royalties options the TREK-31 gold project to Pacific Imperial Mines

TREK 31 lies in the Nechako Plateau in British Columbia and is a gold-in-till anomaly 30 kilometres northeast of Artemis Gold's Blackwater gold-silver deposit

Orogen Royalties Inc. -
Early exploration by Orogen at the project outlined a 2.3 kilometre by 900 metre gold-in-till anomaly

Orogen Royalties Inc (CVE:OGN) told investors on Tuesday that it has optioned out its TREK-31 gold asset in British Columbia to Pacific Imperial Mines Inc (TSE:PPM), which will advance the project.

TREK 31 lies in the Nechako Plateau and is a gold-in-till anomaly situated 30 kilometres (km) northeast of Artemis Gold's Blackwater gold-silver deposit.

READ: Orogen Royalties options Baby Doe gold asset in Nevada to Premier Gold Mines

It covers 'Target 31' which was identified by a C$4million exploration program undertaken by Geoscience BC, which identified a strong, continuous area of anomalism.

"Orogen's generative exploration programs utilize government-funded exploration including those from Geoscience BC to identify projects like TREK-31," Orogen CEO Paddy Nicol said in a statement. 

"The Nechako region is an underexplored area of British Columbia that has been validated by Artemis Gold's Blackwater gold-silver deposit with reserves of 8.0 million ounces of gold and 62.3 million ounces silver.  We are pleased to have Pacific Imperial Mines advance exploration at the TREK-31 project," he added.

Early exploration by Orogen at the project outlined a 2.3km by 900 metre gold-in-till anomaly. Pacific Imperial can earn up to a 100% interest in TREK-31 by making cash payments totaling C$1.3 million and spending C$3 million in exploration over five years.

Once Pacific Imperial has obtained 100%, Orogen will retain a 3% net smelter return royalty (NSR) on the TREK-31 claims of which 1% can be purchased for C$3 million.  Pacific Imperial will also make annual advance cash payments of $50,000 to Orogen to be set off against the 1% royalty buyback.

Orogen Royalties is focused on precious and base metal discoveries in western North America with a focus on organic royalty creation and royalty acquisitions.

Contact the author at [email protected]

Quick facts: Orogen Royalties Inc.

Price: 0.315 CAD

Market: TSX-V
Market Cap: $54.62 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