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Orogen Royalties Acquires the Hot Tip Gold Project in Nevada
VANCOUVER, BC / ACCESSWIRE / November 21, 2023 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. (...
About this update from Orogen Royalties Incorporation
[{"type":"text","content":"Orogen Royalties Acquires the Hot Tip Gold Project in Nevada VANCOUVER, BC / ACCESSWIRE / November 21, 2023 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. (\"Orogen\" or the \"Company\") is pleased to announce it has acquired the Hot Tip Gold Project in central Nevada, USA.Hot Tip Project HighlightsA low-sulphidation epithermal gold target highlighted by a large four-kilometre-diametre steam heated alteration cell focused on an undrilled three- kilometre-long by one-kilometre-wide graben.Widespread pathfinder anomalism at surface indicates an extensive metal rich hydrothermal cell proximal to the margins of two calderas.Historical drilling in hydrothermal breccia outside of the graben margin includes 0.38 grams per tonne (\"g/t\") gold over 24 metres.A district scale target with similarities to AngloGold Ashanti's Motherlode deposit in the emerging Silicon-Merlin district.Hot Tip was acquired through staking under the Orogen-Altius Minerals generative exploration alliance.Orogen VP of Exploration, Laurence Pryer commented, \"Orogen's proprietary methodology of distinguishing epithermal-related advanced argillic alteration from argillic alteration formed in other environments allows our team to identify untested prospective high-level steam-cap systems in a very competitive district. Hot Tip represents an excellent exploration target and is available for option or sale for industry exploration partners.\"About the Hot Tip ProjectThe 890-hectare Hot Tip property is located in central Nevada, 250 kilometres northwest of Las Vegas (Figure 1). The claims are located on road accessible BLM land in Railroad Valley, 20 kilometres south of US Highway 6 on the eastern edge of the Pancake Range. Figure 1: Location of the Hot Tip propertyThe property contains a four-kilometre-diametre Late Miocene epithermal steam cap (Figure 2) consisting of silicified and argillized Oligocene tuffs overlying Devonian dolostones with common jasperoid development. The core of the alteration zone is marked by alunite with a morphology, habit and geochemistry indicative of an underlying boiling zone. The alunite is concentrated in a three-kilometre-long by one-kilometre-wide graben comprising the untested, down dropped, core of the system. A historical drill hole near a hydrothermal breccia outside the northwest margin of the graben returned 0.38 g/t gold ov...