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Orogen Royalties' Exploration Stage Projects Update
VANCOUVER, BC / ACCESSWIRE / July 24, 2024 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("O...
About this update from Orogen Royalties Incorporation
[{"type":"text","content":"Orogen Royalties’ Exploration Stage Projects Update VANCOUVER, BC / ACCESSWIRE / July 24, 2024 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. (\"Orogen\" or the \"Company\") is pleased to announce updates for its partner funded exploration stage projects and royalties.HighlightsEstimated 30,000 metres of drilling in seven planned or completed programs in Nevada, British Columbia, Northwest Territories, and Western Kenya where Orogen holds project or royalty interests.Several targeting and regional exploration programs for gold and copper projects planned in British Columbia and Nevada.Eight active option agreements and a portfolio of projects available for option and sale generated by Orogen's project generation team.Exploration Asset Portfolio UpdateSpring Peak gold project, Nevada, USA - Headwater Gold Inc (CSE: HWG) (\"Headwater\") recently announced a 7,000 metre drill program in partnership with Newmont Corporation. The 20 to 25 hole program will focus on extensions of the Disco Zone, a low-sulphidation epithermal gold discovery made in 2022. District-scale exploration, including gravity and Controlled-source Audio-frequency-Magnetotellurics (CSAMT) geophysics, airborne magnetics and radiometrics, and soil sampling utilizing Newmont's Deep Sensing Geochemistry methodology are also planned1. Orogen retains the rights to a cash payment and up to a 1% net smelter return (\"NSR\") royalty interest on the Spring Peak project.MPD South (formerly Axe) copper-gold porphyry, British Columbia, Canada - Kodiak Copper Corp. (TSX.V KDK) (\"Kodiak\") announced a 10,000 metre drilling program on the MPD (North and South) project designed to test six exploration targets. Four of the targets, including the 1516, South, Adit and Celeste2,3 areas are within the MPD South where Orogen holds a royalty area of interest. Orogen holds an equity interest in Kodiak and a 2% NSR royalty subject to a 0.5% buydown on the MPD South claims.Ghost Ranch gold project, Nevada, USA - Ivy Minerals Inc. (Private) recently completed a five-hole 2,130 metre diamond drill program. The program targeted an anticlinal axis interpreted from a 2023 Audio-frequency Magnetotelluric (\"AMT\") geophysical survey. All drill holes intersected oxidized carbonate bearing rocks with variable decalcification and silicification. Assay results are pending. Orogen holds the...