Orogen Royalties Options the Astro Gold Project to Rackla Metals

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Orogen Royalties Options the Astro Gold Project to Rackla MetalsVANCOUVER, BC / ACCESSWIRE / September 20, 2022 / (TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce that it has signed an option agreement (the "Agreement") with Rackla Metals Inc. (TSX.V:RAK) ("Rackla") for the Astro gold project in Northwest Territories, Canada.Under the terms of the Agreement, Rackla can earn a 100% interest in Astro by issuing 120,000 common shares of Rackla, incurring $250,000 in exploration expenditures, and making cash payments or issuing common shares totaling $382,000 within twelve-months from Agreement date. Once Rackla has exercised its option to acquire the Astro project, Orogen will retain a 2.5% net smelter return ("NSR") royalty.Orogen CEO Paddy Nicol commented, "The Astro project is an exciting early-stage gold property located in the Northwest Territories along the Yukon border. The project was generated from a two-year US$1.8 million regional alliance with Newmont Mining Corporation that identified gold mineralization in a ten-kilometre-long structural corridor. We are pleased to have Rackla continue exploration on this property."Orogen recognizes that the Astro project is located within the territories of the Sahtu Dene and Metis Comprehensive Land Claim and look forward to a continuation of the current positive working relationship under Rackla.Figure 1: Location of the Astro ProjectAbout the Astro propertyThe Astro Project is a 288 square-kilometre exploration property located in the Northwest Territories along the Yukon border close to the Canol Road. The property contains outcropping gold mineralization in a ten-kilometre-long structural corridor. Gold mineralization is developed within and flanking the hornfelsed aureole of the Border granodiorite pluton. Identified gold mineralization consists of gold-arsenic-antimony bearing quartz veins, gold- bismuth skarn and gold associated with disseminated sulphides in siltstone. Known gold showings exhibit structural control along a series of northwest-striking faults down dropping hornfels and sedimentary rocks on the east side of the Border pluton.Surface sampling of gossanous showings at the Radio, Ultraviolet and Microwave prospects (Figure 1) returned chip-channel results including 17.7 grams per tonne ("g/t") gold over 30.0 metres, 6.1g/t gold over 4.0 metr...

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