Orogen Royalties Acquires the Cuervo Epithermal Gold-Silver Target in British Columbia

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.

Figure 1: Location map

“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

junior mining networkFigure 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” .

Although we believe that 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 vary. They may differ materially from forward-looking statements. Factors that could cause actual results to differ materially from forward-looking statements include market prices, development and exploration successes, continued availability of capital and funding and general economic and market , or business context.

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

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

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