Orogen Royalties announces Six to Eight Million Ounce Exploration Target on the Silicon-Merlin Royalty

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[{"type":"text","content":"Orogen Royalties announces Six to Eight Million Ounce Exploration Target on the Silicon-Merlin RoyaltyVANCOUVER, BC / ACCESSWIRE / August 8, 2023 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. (\"Orogen\") or the (\"Company\") is pleased to provide a drilling and resource development update on AngloGold Ashanti NA's (\"AngloGold\") Silicon-Merlin gold project (Figure 1) in Nevada, USA where Orogen holds a 1% net smelter return (\"NSR\") royalty.Merlin Update HighlightsThe Exploration Target at Merlin ranges from 230 to 250 million tonnes grading 0.8 to 1.0 grams per tonne (\"g/t\") gold for a total of 6.0 to 8.0 million ounces of gold (see cautionary note)1,2,3The Exploration Target at Merlin is exclusive of the 3.4 million ounces gold Indicated and 800,000 ounces gold Inferred resources at Central Silicon4Impressive drill hole intercepts include drill hole MER-23-0105-RD grading 3.27 g/t gold over 285 metres and drill hole MDT-21 grading 2.61 g/t gold over 214.8 metres3Over 261 drill holes totalling over 120 kilometres of drilling at Merlin completed as of July 20233The Merlin zone remains open to the west, south-west, and north\"This is an excellent start for the resource development program at Merlin\", commented Orogen CEO, Paddy Nicol. \"AngloGold anticipates completion of the resource delineation drilling program by the end of the third quarter of 2023. By year end, AngloGold plans to release a concept study on the combined Silicon-Merlin project including an initial Mineral Resource declaration at Merlin. Drilling is also continuing at both Silicon Central and Merlin for resource conversion and expansion. In combination with the previously announced resources at Central Silicon, the new announcement clearly indicates that a world-class deposit is developing within Orogen's royalty AOI.\"Figure 1 - AngloGold's Beatty District Projects displaying mineralized zones and Orogen's royalty AOI Figure 2 - Merlin long section looking northwest showing drill results. Adapted from Interim 2023 Merlin Exploration Target1 Figure 3 - Plan map displaying drill collar locations (red dots)at the Silicon and Merlin targets.1 About the Silicon Merlin ProjectOrogen holds a 94 square-kilometre 1% NSR royalty area of interest covering the Central Silicon deposit and Merlin Exploration Target on AngloGold's Expanded Silicon project, part of th...

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