Orogen Royalties and Altius Minerals Form Nevada Generative Alliance and Announce Acquisition of the Cuprite Epithermal Gold Project

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[{"type":"text","content":"Orogen Royalties and Altius Minerals Form Nevada Generative Alliance and Announce Acquisition of the Cuprite Epithermal Gold ProjectVANCOUVER, BC / ACCESSWIRE / September 12, 2022 / (TSX-V:OGN) (OTCQX:OGNRF) Orogen Royalties Inc. (\"Orogen\" or the \"Company\") is pleased to announce the formation of a generative exploration alliance (the \"Alliance\") with a subsidiary of Altius Minerals Corporation (TSX:ALS) (\"Altius\"). The Alliance will focus on generating gold and silver targets considered geologically similar to the recent major gold deposit discovery at Silicon in the Walker Lane trend in Nevada, USA.Marco LoCascio, VP Corporate Development at Orogen, commented: \"As mutual holders of exploration originated royalties on the Silicon deposit, an emerging Tier 1 asset, Altius and Orogen have witnessed firsthand the continuing potential for world class discoveries in Nevada. Using our proprietary database we have been targeting areas with similar characteristics to Silicon. The Cuprite epithermal gold project, assembled earlier this year and located 80 kilometres northwest of Silicon along the Walker Lane Trend, is the first project acquisition we are disclosing from these efforts. Cuprite covers a large, steam-heated alteration cell that bears strong geologic similarities to that of the surface expression of the Silicon gold discovery area.\"Alliance HighlightsInitial US$300,000 annual budget for targeting field evaluation and project acquisition funded by AltiusOrogen to contribute extensive technical databases and team expertiseOngoing expenses and proceeds of Designated Projects will be split evenly between Orogen and AltiusFocused on the Walker Lane in Nevada (Figure 1)Orogen's generative team continues to systematically evaluate several additional targets. Altius is funding the costs of project generation including staking or acquisition. Drawing on the combined commercial capabilities of Orogen and Altius, the Alliance is structured around a goal of vending high-quality exploration targets to third parties for equally shared equity and royalty interests.Figure 1: Location of Cuprite and the AllianceAbout the Cuprite ProjectThe 2,170 hectare Cuprite gold project is located in Nevada, fifteen kilometres south of Goldfield, within the Walker Lane trend of gold and silver deposits. (Figure 1).Cuprite is a district-scale o...

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