Orogen Royal,es Acquires the TCS Copper and Zinc Massive Sulphide Target in Bri,sh Columbia
Orogen Royal,es Acquires the TCS Copper and Zinc Massive Sulphide
Target in Bri,sh Columbia
Vancouver, B.C. June 26, 2024 (TSX.V:OGN) (OTCQX:OGNRF) Orogen Royal,es Inc. (“Orogen” or the
“Company”) is pleased to announce the acquisi,on of the TCS volcanic-hosted-massive-sulphide (VHMS)
project thirteen kilometres east of Dease Lake, Bri,sh Columbia.
TCS Project Highlights
• TCS is an undrilled copper-zinc target located 80 kilometres west of the Kutcho Copper project
(Measured and Indicated resources of 22.8 Mt grading 1.52% copper, 2.18% zinc and 0.39 grams
per tonne (“g/t”) gold, and 12.8 Mt of Inferred resources grading 1.10% copper, 1.58% zinc, and
0.25 g/t gold)1
• Recently iden,fied geophysical anomalies coincident with anomalous surface geochemistry at
TCS have defined three high priority targets
• Located within an area of excellent regional infrastructure including access roads, power and
paved highways providing access to port facili,es
• Northern Bri,sh Columbia is a top ,er mining jurisdic,on including the Red Chris copper-gold
mine and Brucejack gold mine (both operated by Newmont Corpora,on)
• TCS was developed under Orogen’s genera,ve and project iden,fica,on program in 2023 and is
available for op,on or sale
Orogen acknowledges that the TCS project is situated in the tradi,onal territory of the Tahltan Na,on and
is commi]ed to developing a posi,ve and mutually beneficial rela,onship based on respect and
transparency.
Figure 1: Loca.on Map
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.
About the TCS Project
The TCS project consists of 1,850 hectares of gentle terrain in northwestern Bri,sh Columbia
approximately thirteen kilometres from Dease Lake. The project is hosted within the King Salmon
allochthon, a 10-20 kilometre wide thrust and fault bounded block that contains the Kutcho VHMS deposit
(Measured and Indicated resources of 22.8 Mt grading 1.52% copper, 2.18% zinc and 0.39 g/t gold, and
12.8 Mt of Inferred resources grading 1.10% copper, 1.58% zinc, and 0.25 g/t gold)1.
Explora,on on the TCS project includes geological mapping, geochemical sampling, and geophysics that
iden,fied a window of outcropping bimodal metavolcanics coincident with anomalous copper and zinc in
soils and associated float samples containing up to 3.2% copper and 3.5% zinc.
A 223 line-kilometre VTEM geophysical survey completed in 2023, iden,fied several high priority
conductors related to the anomalous surface geochemistry extending under a region of surficial cover and
reworked sediments (Figure 2). These priority conductors are interpreted to be at the top of the folded
bimodal volcanic sec,on similar to the sebng at the Kutcho project (Figure 2).
The conductors could be rapidly advanced to drill-ready massive sulphide targets with the poten,al to
host high grade copper, zinc and poten,ally gold.
TCS is available for op,on or sale.
More details on the TCS property including a technical presenta,on and factsheet can be found at
h]ps://orogenroyal,es.com/project-genera,on/project-genera,on/
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 2: Top. Tau VTEM imagery with high priority conductors iden.fied by red do@ed polygons. Also displays
region of anomalous copper geochemistry in soils, outline of the prospec.ve bimodal volcanic sec.on and posi.on
of Line 1380. Bo%om. Conduc.vity sec.on 1380 looking west displaying the folded bimodal volcanic stra.graphy
and loca.on of the three high priority conductors at the folded top of the conduc.ve sec.on.
AcquisiLon terms
The Company has acquired a 100% interest in the TCS project from a syndicate of prospectors (the
“Syndicate”) by paying the Syndicate $25,000 cash and making explora,on expenditures of $125,000.
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.
Aeer the third anniversary of the acquisi,on of the TCS project, the Company will pay the Syndicate
$20,000 per annum, un,l the comple,on of 15,000 metres of drilling. If at any ,me the Company enters
into a future agreement to op,on or sell the TCS project to which any payment (a “Future Payment”) is
received, the Syndicate will be en,tled to receive 20% of the Future Payment. In the event a Future
Payment involves a royalty interest on the TCS project, the Company will be able to purchase half of the
Syndicate’s royalty for $200,000 for each 0.1%.
Qualified Person Statement
All new technical data, as disclosed in this press release, has been verified by Laurence Pryer, Ph.D.,
P.Geo., VP. 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 porkolio 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 Informa0on
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. https://kutcho.ca/kutcho-project/