VANCOUVER, British Columbia / ACCESSWIRE / May 10, 2023 / Orogen Royalties Inc. (TSXV:OGN) (OTCQX:OGNRF) (“Orogen” or the “Company”) is pleased to announce the acquisition of the Cuervo Hydrothermal Gold and Silver Project in the Nechaco Plateau of central British Columbia.
Cuervo Project Highlights
- A 16-square-kilometer gold anomaly develops in the basal layer, geochemistry indicates a buried hydrothermal system
- Scale and duration to anomaly comparable to Artemis Gold Inc’s Blackwater Gold project
- Till source regions correlate with magnetic low and high chargeability in parallel with up-ice regional-scale structures
- Historical drilling around geochemical and geophysical anomalies intersected hydrothermal veins with unusual gold and silver values
- Geochemical anomaly cores and geophysical targets ready for drilling tests
- Cuervo was acquired through staking under Orogen’s generation exploration program.
“Since 2017, Orogen’s technical team has been exploring the Nechako Plateau. We see opportunities to explore down to covered terrain, guided by the Earth Sciences BC TREK dataset,” said Vice President of Exploration. Lawrence Pryor comments. It is an early stage opportunity to explore the geochemical anomalies identified by our team and buried epithermal style mineralization. “
About the Cuervo Project
The approximately 6,000-hectare Cuervo project is located on the Nechaco Plateau in northern British Columbia, 150 kilometers west-southwest of Prince George. The Nechako Plateau is an area of significant porphyry and hydrothermal mineral deposits, but exploration has historically been hampered by extensive glacial cover. it covers the area. (Figure 1). The claim is accessible by road.
The property contains 16 square kilometers of gold from base to anomaly (Figure 2). Gold anomalies correlate with anomalous silver, arsenic, and antimony, all of which are geochemical indicators of buried hydrothermal systems. The size and duration of the Cuervo gold anomaly is comparable to Artemis Gold’s Blackwater Gold project (proven and probable reserves of 8 Moz gold at 0.75 g/t and 62.3 Moz silver at 5.8 g/t) .1).
A well-defined source region basal to the anomaly correlates with a magnetic trough (suspected to be associated with the regional Tatuk fault) and an open-ended region with high conductivity and strong electrification. Historical drilling around geophysical and geochemical anomalies has revealed sulfide, anomalous gold and silver values throughout the hole (up to 0.15 g/t gold, 6.6 g/t silver at 8 m above), and highly concentrated arsenic and antimony. Alteration and mineralization were described as resembling a high-level silicified sulfide cap overlying a buried hydrothermal system.2.
An early indication is that Cuervo mineralization may not be hydrothermal in nature, rather than individual veins, given the associated charging potential and the ~2 kilometer range of anomaly sizes down to gold. , likely representing bulk systems of alteration and mineralization.
Cuervo is available as an option or for sale.
For more information on Cuervo properties, including technical presentations and fact sheets, please visit: https://orogenroyalties.com/project-generation/project-generation/#available-projects
Figure 2: Infinite chargeability in the source region of the Cuervo Gold anomaly
Qualified person statement
All technical data disclosed in this press release has been verified by Dr. Laurence Pryer of P.Geo. The company’s vice president of exploration. Dr. Pryer is a qualified person as defined under the requirements of National Instrument 43-101.
About Orogen Royalties Inc.
Orogen Royalties Inc. is focused on creating organic royalties and acquiring royalties for precious and base metal discoveries in western North America. Our royalty portfolio includes the Ermitano Gold and Silver Mine in Sonora, Mexico (2% NSR royalty) being mined by First Majestic Silver Corp. and Silicon Gold in Nevada, USA being advanced by AngloGold Ashanti. Includes project (1% NSR royalty). NA. The company is well-funded for several projects that are being actively explored under joint ventures.
On behalf of the Board of Directors
Orogen Royalties Co., Ltd.
Paddy Nicole
President and CEO
To learn more about Orogen, please contact Paddy Nicol, President and CEO at 604-248-8648 and Marco LoCascio, Vice President of Corporate Development at 604-248-8648.visit our website www.orogenroyalties.com.
Orogen Royalties Co., Ltd.
1015 – 789 West Pender Street
Vancouver, British Columbia
Canada V6C 1H2
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1. https://artemisgoldinc.com/blackwater-project/blackwater-gold-project/reserves-and-resources/
2. https://apps.nrs.gov.bc.ca/pub/aris/Detail/30364
Forward-Looking Information
This news release contains certain statements that may be considered “forward-looking statements.” All statements in this presentation, other than statements of historical fact that address events or developments that Orogen Royalties Inc. (the “Company”) expects to occur, are forward-looking statements. Forward-looking statements are not historical facts and are generally, but not always, “expects,” “plans,” “anticipates,” “believes,” “intends,” ”, a description identified by the word “predict”. , “could” and similar expressions, or that an event or condition “occurs”, “would”, “could”, “could” or “should occur” .
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