Orogen Royal,es’ Explora,on Stage Projects Update
Orogen Royal,es’ Explora,on Stage Projects Update
Vancouver, B.C. July 24, 2024 (TSX.V:OGN) (OTCQX:OGNRF) Orogen Royal,es Inc. (“Orogen” or the
“Company”) is pleased to announce updates for its partner funded explora,on stage projects and
royal,es.
Highlights
• Es,mated 30,000 metres of drilling in seven planned or completed programs in Nevada, Bri,sh
Columbia, Northwest Territories, and Western Kenya where Orogen holds project or royalty
interests.
• Several targe,ng and regional explora,on programs for gold and copper projects planned in
Bri,sh Columbia and Nevada.
• Eight ac,ve op,on agreements and a porMolio of projects available for op,on and sale generated
by Orogen’s project genera,on team.
ExploraJon Asset PorMolio Update
Spring Peak gold project, Nevada, USA - Headwater Gold Inc (CSE: HWG) (”Headwater”) recently
announced a 7,000 metre drill program in partnership with Newmont Corpora,on. The 20 to 25 hole
program will focus on extensions of the Disco Zone, a low-sulphida,on epithermal gold discovery made
in 2022. District-scale explora,on, including gravity and Controlled-source Audio-frequency-
Magnetotellurics (CSAMT) geophysics, airborne magne,cs and radiometrics, and soil sampling u,lizing
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, BriJsh 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 explora,on 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 an,clinal axis interpreted from a 2023 Audio-
frequency Magnetotelluric (“AMT”) geophysical survey. All drill holes intersected oxidized carbonate
bearing rocks with variable decalcifica,on and silicifica,on. Assay results are pending. Orogen holds the
right to a 1% NSR royalty on the Ghost Ranch project.
Maggie Creek gold project, Nevada, USA - Nevada Gold Mines (“NGM”) is following-up on the three-
hole 1,282 metre drill program completed in 2023 with exploration across various areas of the project,
including a core tail to test the deeper prospective Lower-Plate beneath the 2023 holes. The core tail,
which was started in early July, intersected Lower Plate rocks of the Rodeo Creek formation at 442 metres.
The drilling is ongoing and planned to approximately 1100 metres. Orogen holds the right to cash
payments and a 2% NSR royalty on the Maggie Creek property.
Neither TSX Venture Exchange nor its Regula7on Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1: Loca.on of select Orogen royal.es and project interests in Western North American
Neither TSX Venture Exchange nor its Regula7on Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
HWY 37 (Ball Creek East and Hank claims) copper-gold porphyry project, BriJsh Columbia, Cananda -
Kingfisher Metals Inc. (TSX.V. KFR) (“Kingfisher”) is planning a Z-Axis Tipper Electromagne,c (“ZTEM”)
airborne geophysical survey, mapping and Induced Polariza,on (“IP”) surveys on the HWY 37 and Hank
proper,es4,5. Orogen holds an equity posi,on in Kingfisher, rights to share payments, and to acquire a 1%
NSR royalty for C$1 million on the Ball Creek East claims. Orogen also holds a 3% NSR royalty on the Hank
claims subject to a 1% buydown.
Astro gold project, Northwest Territories, Canada - Rackla Metals Inc. (TSX.V: RAK) (“Rackla”) recently
announced explora,on plans for the Astro Plutonic Complex (APC) intrusion related gold target in the
NWT/Yukon including 4,000 metres of diamond drilling6. Orogen holds an equity interest in Rackla and a
1% NSR royalty on the Northwest Territories por,on of the APC with the right to acquire an addi,onal
0.5%.
Cuprite gold project, Nevada, USA - Strikepoint Gold Inc (TSX.V: SKP) (“Strikepoint”) released results
from a 3,100 metre reverse-circula,on drill program on the Cuprite epithermal property 7. The
encouraging results confirmed gold bearing mineraliza,on below the mercury bearing residual silica cap
at surface. Altera,on mineralogy will be used to vector into targets for a future phase of drilling. Cuprite
was generated from the explora,on alliance between Orogen and Al,us Minerals Corpora,on ("Al,us")
using similar analyses and techniques that iden,fied the Expanded Silicon gold deposit. Orogen and Al,us
each hold an equity interest in Strikepoint and a 1.5% NSR royalty interest on the Cuprite project subject
to a 0.25% buydown.
Si2 gold project, Nevada, USA - K2 Gold CorporaJon (TSX.V: KTO) (“K2”) is conduc,ng hyperspectral
analysis on drill core from their 2023 explora,on program that iden,fied weakly anomalous gold beneath
the mercury rich steam cap. The results will be used to vector into future drill targets8. Orogen holds the
right to cash payments and a 2% NSR royalty on the Si2 project.
Rosterman gold project, Kenya - Shanta Gold Limited (Private) (“Shanta”) is planning up to two drill holes
on the Rosterman orogenic gold explora,on target in Kakamega county, western Kenya. Rosterman lies
north of the Isulu and Bushiangala deposits9 which contain a combined global gold resource of 1.285
million ounces grading 10.6 g/t gold including indicated resources of 722,000 ounces grading 11.45 g/t10.
In May, Shanta was acquired by Saturn Resources, a private company wholly owned by ETC Holdings
(Mauri,us) Limited. Orogen holds a 3% net smelter royalty on the Rosterman claims.
Save the Date – Orogen’s Project GeneraJon Showcase
Date & Time: Wednesday September 18, 2024, at 10:00AM PST / 1:00PM EST
Zoom Webinar Registra4on: hkps://orogenroyal,es.com/pgday/
Join Orogen’s explora,on team to learn more about our porMolio of drill ready precious and base metal
projects in western North America that are available for op,on and sale. The free event is open to anyone
including interested companies, geologists and other technical professionals, shareholders and interested
investors.
Our inaugural event will be dedicated to “Expanded Silicon Analogues”, projects sharing geological
similari,es to the Expanded Silicon project (Merlin gold deposit: 9.05 million ounces inferred and Silicon
Neither TSX Venture Exchange nor its Regula7on Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
gold deposit: 3.4 million ounces indicated, and 800,000 ounces inferred). Don’t miss this opportunity to
interact with the technical team responsible for the crea,on of these projects and for the iden,fica,on
of the Expanded Silicon project.
Qualified Person Statement
All new technical data, as disclosed in this press release, has been verified by Laurence Pryer, Ph.D.,
P.Geo., Vice President of Explora,on for Orogen. Dr. Pryer is a qualified person as defined under the terms
of Na,onal Instrument 43-101.
Certain technical disclosure in this release is a summary of previously released informa,on and the
Company is relying on the interpreta,on provided by the relevant company. Addi,onal informa,on can
be found on the links in the footnotes or on SEDAR+ (www.sedarplus.ca).
About Orogen Royalties Inc.
Orogen Royal,es is focused on organic royalty crea,on and royalty acquisi,ons on precious and base
metal discoveries in western North America. The Company's royalty porMolio includes the Ermitaño gold
and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majes,c Silver Corp. and the
Expanded Silicon Project (1.0% NSR royalty) in Nevada, U.S.A, being advanced by AngloGold Ashan, NA.
The Company is well financed with several projects ac,vely being developed by joint venture partners.
On Behalf of the Board
OROGEN ROYALTIES INC.
Paddy Nicol
President & CEO
To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and
Marco LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at
www.orogenroyalties.com.
Orogen Royalties Inc.
1015 – 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Forward Looking Informa.on
This news release includes certain statements that may be deemed “forward looking statements”. All statements in this
presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the
“Company“) expect to occur, are forward looking statements. Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or
“should” occur.
Neither TSX Venture Exchange nor its Regula7on Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Although the Company believe the expectations expressed in such forward -looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in
the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and
general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments
may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the
beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by
securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that
management’s beliefs, estimates or opinions, or other factors, should change.
1. h$ps://headwatergold.com/2024/headwater-gold-significantly-expands-land-posi=on-at-spring-peak-and-lodestar-projects-and-
commences-district-scale-explora=on-program/
2. h$ps://kodiakcoppercorp.com/kodiak-begins-2024-explora=on-program-at-its-mpd-copper-gold-porphyry-project/
3. h$ps://kodiakcoppercorp.com/kodiak-reports-new-copper-porphyry-discovery-at-1516-zone-and-final-2023-drill-results/
4. h$ps://kingfishermetals.com/kingfisher-provides-2024-phase-1-explora=on-update/
5. h$ps://kingfishermetals.com/kingfisher-signs-defini=ve-agreement-to-acquire-the-lgm-project-in-the-golden-triangle-bri=sh-
columbia/
6. h$ps://racklametals.com/rackla-metals-commences-2024-explora=on-program-on-yukon-and-nwt-projects-2/
7. h$ps://strikepointgold.com/drilling-at-cuprite-gold-project-returns-mul=ple-gold-intercepts-including-6-10-meters-grading-0-74-g-t-
au-and-14-75-g-t-ag/
8. h$ps://k2gold.com/k2-gold-provides-2024-explora=on-program-updates/
9. h$ps://www.shantagold.com/_resources/Q1%202023%20Produc=on%20and%20Opera=onal%20Update.pdf
10. h$ps://www.shantagold.com/_resources/WKP%20Resources%20Update.pdf