Evrim Resources' Ermitaño Royalty update

About this update from Orogen Royalties Incorporation

[{"type":"text","content":"Evrim Resources' Ermitaño Royalty updateVANCOUVER, BC / ACCESSWIRE / February 26, 2020 / (TSX-V:EVM) Evrim Resources Corp. (\"Evrim\" or the \"Company\") is pleased to provide an update on the development of the Ermitaño gold-silver deposit in Sonora, Mexico. The Ermitaño deposit, owned by First Majestic Silver Corp. (\"First Majestic\"), is located four kilometres from First Majestic's Santa Elena Mine (Figure 1). Evrim holds a 2% net smelter return (\"NSR\") royalty on Ermitaño, and the project is expected to commence production in the first quarter of 2021.Ermitaño Development HighlightsIndicated resource of 704,000 tonnes grading 4.05 grams per tonne (\"g/t\") gold and 66 g/t silver containing 91,700 ounces of gold and 1.5 million ounces of silver, and inferred resource of 4.63 million tonnes grading 3.36 g/t gold and 59 g/t silver containing 501,500 ounces of gold and 8.8 million ounces of silver, as of December 31, 20181, 2, 3. A new resource is expected at the end of Q1 2020.First Majestic received a positive Unified Technical Document (\"DTU\") permit for the Ermitaño project in May 2019, paving the way for the commencement construction and mining activitiesA total of 55,719 metres of drilling completed in 157 holes4 at the end of 2019 with recent results that include:EW-19-67 grading 12.84 g/t gold and 46 g/t silver over 10.8 metresEW-19-85 grading 31.63 g/t gold and 459 g/t silver over 2.4 metresEW-19-103 grading 16.37 g/t gold and 111 g/t silver over 7.7 metresEngineering, geotechnical, geohydrological, and metallurgical studies underway to support a pre-feasibility study expected to be released in the fourth quarter of this yearA total of 3,800 metres of underground development to prepare five production levels and 15,000 metres of drilling is scheduled for completion over the course of 2020\"We are pleased to see First Majestic's effort and commitment to complete the underground development in 2020,\" commented Evrim President and CEO, Paddy Nicol. \"Evrim holds two royalties (Ermitaño and Cumobabi) in the vicinity of the Santa Elena mine and we see a bright future for the mine and our interests. We are very excited about the prospect of receiving our first ever royalty payments in 2021 upon the commencement of commercial production at Ermita&amp...

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