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Orogen Royalties Announces Mineral Resource and Reserve Update on Producing Ermitaño Royalty Including Initial Inferred Resource for the Navidad Vein
VANCOUVER, BC / ACCESS Newswire / April 7, 2025 /(TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce an update to the mineral reserve and resource estimates on the Ermitaño gold mine in Sonora, Mexico, ...
About this update from Orogen Royalties Incorporation
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / April 7, 2025 / (TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce an update to the mineral reserve and resource estimates on the Ermitaño gold mine in Sonora, Mexico, provided by mine operator First Majestic Silver Corp. ("First Majestic")1 Orogen holds a cash-flowing 2% net smelter return ("NSR") royalty on the 167 square-kilometre Ermitaño concession.","length":477,"tagName":"p"},{"type":"text","content":"Highlights of 2024 Resource and Reserve update","length":46,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Initial Inferred resources for the Navidad vein system of 2.3 million tonnes consisting of 5.9 million ounces of silver and 249,000 ounces of gold at grades of 81 grams per tonne (g/t) and 3.42 g/t respectively.","length":211,"tagName":"p"}]},{"val":[{"type":"text","content":"Only a portion of the delineated vein system at Navidad has been estimated, with significant growth potential.","length":110,"tagName":"p"}]},{"val":[{"type":"text","content":"Several areas of mineralization within the Ermitaño mine complex remain open including the Luna vein to the east and the Navidad and Winter veins in multiple directions.","length":169,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":490,"olType":false},{"type":"text","content":"Paddy Nicol, Orogen's CEO, commented, "The initial Inferred resource at Navidad represents an exciting development for Orogen's producing royalty on the Ermitaño Mine, with the announced update increasing contained gold in the Inferred category by 260% year on year. The Navidad resource represents only a portion of the newly delineated vein system with 55,000 metres of drilling planned in 2025 to further test the upside potential of the area."","length":465,"tagName":"p"},{"type":"text","content":"About the Ermitaño and Navidad Veins","length":36,"tagName":"p"},{"type":"text","content":"The 167 square-kilometre Ermitaño mining concession is located in Sonora, Mexico approximately 150 kilometres northeast of Hermosillo. Ermitaño is contiguous with the Santa Elena mining claims both owned and operated by First Majestic. (Figure 1).","length":247,"tagName":"p"},{"type":"text","content":"The Ermitaño vein was discovered in 2016 and...