Orogen Closes Acquisition of Kenyan and Mexican Royalties

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[{"type":"text","content":"Orogen Closes Acquisition of Kenyan and Mexican RoyaltiesVANCOUVER, BC / ACCESSWIRE / July 25, 2022 / (TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. (\"Orogen\" or the \"Company\") is pleased to announce the closing of the transaction (previously announced June 9, 2022) with Advance Lithium Corp. (\"Advance\") (AALI) whereby Orogen acquired 3% net smelter royalties on three prospective mineral licenses (the \"Royalties\") in the Lake Victoria Gold Fields (\"LVG\") in western Kenya.As consideration, Orogen paid Advance US$120,000 for the Royalties and transferred its interest in the Sarape Gold project to Advance. Orogen will retain a 1.5% net smelter return royalty on the Sarape project (\"Sarape Royalty\").About the Western Kenya Gold RoyaltiesThe Rosterman, Sigalagala, and Bukura royalties cover 19.75 square kilometres of prospective ground held by Shanta Gold Limited (\"Shanta Gold\") (SHG.L) in the Liranda Corridor, a structural zone within the northern-most greenstone belt in the LVG.Two licenses (Sigalagala and Bukura) are located approximately four kilometres east and two kilometres northwest of the Isulu and Bushiangala deposits, respectively, that are currently being advanced by Shanta Gold (Figure 1). Indicated resources of 378,000 ounces gold grading 11.70 grams per tonne (\"g/t\") and inferred resources of 739,000 ounces gold grading 10.80 g/t gold at Isulu and Bushiangala were announced in March 20221. Recent infill drilling at Bushiangala announced in May 2022 include drill-hole 336 grading 19.2 g/t gold over 4.0 metres and 1,015 g/t gold over 0.5 metres within a 13.8 metre interval grading 46.7 g/t gold.2 Bukura and Sigalagala cover the extensions of the shear zone that forms the structural setting for Isulu and Bushiangala.The Rosterman license lies approximately eight kilometres north of the Isulu and Bushiangala deposits in the immediate proximity of the historic Rosterman Mine where approximately 250,000 ounces of gold grading 12.3 g/t were produced. An interpreted splay fault travels northeast from the mine and coincides with a coherent gold soil anomaly extending over 1.8 kilometres. The extensive and strong soil geochemistry appears to be related to the historic Rosterman Mine and defines an attractive drill target.Figure 1 - Claim locations of Bukura, Sigalagala, and Rosterman licenses in the Liranda Corri...

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