Orogen Royalties Announces Mineral Resource and Reserve Update on Producing Ermitaño Royalty Including Initial Inferred Resource for the Navidad Vein
Orogen Royalties (OGNRF) announced significant updates to its Ermitaño gold mine royalty in Sonora, Mexico. The highlight is an initial Inferred resource for the Navidad vein system, containing 5.9 million ounces of silver and 249,000 ounces of gold at grades of 81 g/t and 3.42 g/t respectively.
The company holds a 2% NSR royalty on the 167 square-kilometre Ermitaño concession. The Navidad resource represents only a portion of the newly delineated vein system, with 55,000 metres of drilling planned in 2025 to explore further potential. The Measured and Indicated resource decreased due to mineral depletion, while the Inferred resource saw a 260% year-on-year increase in contained gold.
Several areas remain open for exploration, including the Luna vein to the east and the Navidad and Winter veins in multiple directions.
Orogen Royalties (OGNRF) ha annunciato aggiornamenti significativi alla sua royalty sulla miniera d'oro Ermitaño in Sonora, Messico. Il punto saliente è una risorsa inferita iniziale per il sistema di vene Navidad, contenente 5,9 milioni di once d'argento e 249.000 once d'oro con gradi di 81 g/t e 3,42 g/t rispettivamente.
L'azienda detiene una royalty NSR del 2% sulla concessione di 167 chilometri quadrati di Ermitaño. La risorsa Navidad rappresenta solo una parte del nuovo sistema di vene delineato, con 55.000 metri di perforazione pianificati nel 2025 per esplorare ulteriori potenzialità. La risorsa misurata e indicata è diminuita a causa dell'esaurimento minerale, mentre la risorsa inferita ha registrato un aumento del 260% su base annua nell'oro contenuto.
Numerose aree rimangono aperte per l'esplorazione, comprese le vene Luna a est e le vene Navidad e Winter in più direzioni.
Orogen Royalties (OGNRF) anunció actualizaciones significativas sobre su regalía de la mina de oro Ermitaño en Sonora, México. El aspecto más destacado es un recurso inferido inicial para el sistema de vetas Navidad, que contiene 5.9 millones de onzas de plata y 249,000 onzas de oro con leyes de 81 g/t y 3.42 g/t respectivamente.
La empresa posee una regalía NSR del 2% sobre la concesión de 167 kilómetros cuadrados de Ermitaño. El recurso Navidad representa solo una parte del nuevo sistema de vetas delineado, con 55,000 metros de perforación planeados para 2025 para explorar un mayor potencial. El recurso medido e indicado disminuyó debido al agotamiento mineral, mientras que el recurso inferido vio un aumento del 260% interanual en el oro contenido.
Varias áreas permanecen abiertas para exploración, incluidas las vetas Luna al este y las vetas Navidad y Winter en múltiples direcciones.
Orogen Royalties (OGNRF)는 멕시코 소노라에 있는 에르미타뇨 금광에 대한 중요한 업데이트를 발표했습니다. 주요 내용은 나비다드 광맥 시스템에 대한 초기 추정 자원으로, 590만 온스의 은과 24만 9천 온스의 금이 각각 81 g/t 및 3.42 g/t의 등급으로 포함되어 있습니다.
회사는 167 제곱킬로미터의 에르미타뇨 양허에 대해 2% NSR 로열티를 보유하고 있습니다. 나비다드 자원은 새로 구획된 광맥 시스템의 일부에 불과하며, 2025년에는 추가 가능성을 탐색하기 위해 55,000미터의 시추가 계획되어 있습니다. 측정 및 표시된 자원은 광물 고갈로 인해 감소했으며, 추정 자원은 포함된 금에서 전년 대비 260% 증가했습니다.
여러 지역은 탐사를 위해 열려 있으며, 동쪽의 루나 광맥과 여러 방향의 나비다드 및 윈터 광맥이 포함됩니다.
Orogen Royalties (OGNRF) a annoncé des mises à jour significatives concernant sa mine d'or Ermitaño à Sonora, au Mexique. Le point fort est une première ressource inférée pour le système de veines Navidad, contenant 5,9 millions d'onces d'argent et 249 000 onces d'or avec des teneurs de 81 g/t et 3,42 g/t respectivement.
L'entreprise détient une redevance NSR de 2 % sur la concession de 167 kilomètres carrés d'Ermitaño. La ressource Navidad ne représente qu'une partie du nouveau système de veines délimité, avec 55 000 mètres de forage prévus en 2025 pour explorer un potentiel supplémentaire. La ressource mesurée et indiquée a diminué en raison de l'épuisement minéral, tandis que la ressource inférée a enregistré une augmentation de 260 % d'une année sur l'autre en or contenu.
Plusieurs zones restent ouvertes à l'exploration, y compris la veine Luna à l'est et les veines Navidad et Winter dans plusieurs directions.
Orogen Royalties (OGNRF) hat bedeutende Updates zu seiner Ermitaño-Goldmine in Sonora, Mexiko, angekündigt. Das Highlight ist eine erste geschätzte Ressource für das Navidad-Venensystem, das 5,9 Millionen Unzen Silber und 249.000 Unzen Gold mit Gehalten von 81 g/t und 3,42 g/t enthält.
Das Unternehmen hält eine 2% NSR-Royalty auf die 167 Quadratkilometer große Ermitaño-Konzession. Die Navidad-Ressource stellt nur einen Teil des neu abgegrenzten Venensystems dar, mit 55.000 Metern Bohrungen, die für 2025 geplant sind, um weiteres Potenzial zu erkunden. Die gemessene und angezeigte Ressource ist aufgrund von Mineralabbau gesunken, während die geschätzte Ressource einen Anstieg von 260% im Jahresvergleich beim enthaltenen Gold verzeichnete.
Mehrere Bereiche bleiben für die Exploration offen, einschließlich der Luna-Vene im Osten und der Navidad- und Winter-Venen in mehreren Richtungen.
- Initial Inferred resource discovery at Navidad vein adding 249,000 oz gold and 5.9M oz silver
- 260% year-over-year increase in Inferred gold resources
- Significant exploration upside with multiple veins open in several directions
- Extensive drilling program of 55,000 metres planned for 2025
- Decrease of 41,000 oz gold and 6.4M oz silver in Measured and Indicated resources due to depletion
VANCOUVER, BC / ACCESS Newswire / April 7, 2025 / (TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce an update to the mineral reserve and resource estimates on the Ermitaño gold mine in Sonora, Mexico, provided by mine operator First Majestic Silver Corp. ("First Majestic")1 Orogen holds a cash-flowing
Highlights of 2024 Resource and Reserve update
Initial Inferred resources for the Navidad vein system of 2.3 million tonnes consisting of 5.9 million ounces of silver and 249,000 ounces of gold at grades of 81 grams per tonne (g/t) and 3.42 g/t respectively.
Only a portion of the delineated vein system at Navidad has been estimated, with significant growth potential.
Several areas of mineralization within the Ermitaño mine complex remain open including the Luna vein to the east and the Navidad and Winter veins in multiple directions.
Paddy Nicol, Orogen's CEO, commented, "The initial Inferred resource at Navidad represents an exciting development for Orogen's producing royalty on the Ermitaño Mine, with the announced update increasing contained gold in the Inferred category by
About the Ermitaño and Navidad Veins
The 167 square-kilometre Ermitaño mining concession is located in Sonora, Mexico approximately 150 kilometres northeast of Hermosillo. Ermitaño is contiguous with the Santa Elena mining claims both owned and operated by First Majestic. (Figure 1).
The Ermitaño vein was discovered in 2016 and developed into a producing underground mine at the end of 2021. Exploration drilling by First Majestic in 2021 identified the Luna vein to the east of the Ermitaño mine and, in 2023, the Navidad vein system to the west (Figure 1), both of which have been included in the 2024 resources. Current reserves and resources are as follow:
From December 31, 2023 to December 31, 2024, the Measured and Indicated resource estimate decreased by 41,000 ounces of contained gold and 6.4 million ounces of contained silver primarily due to mineral depletion, partially offset by infill drilling, changing metal prices, and metallurgical recoveries. The Inferred resource estimate increased by 2.57 million tonnes of ore, 257,000 ounces of contained gold and 6.11 million ounces of contained silver primarily related to discovery and first-time reporting of the Navidad resource.
Mineralization in the Luna vein remains open to the east and the Navidad and Winter veins remain open in multiple directions with several drill rigs active on the Ermitaño concession.
Mine complex and the Navidad and Winter vein system. 2
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 Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.
Certain technical disclosure in this release is a summary of previously released information and the Company is relying on the interpretation provided by the relevant company. Additional information can be found on the links in the footnotes or on SEDAR+ (www.sedarplus.ca).
About Orogen Royalties Inc.
Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (
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
info@orogenroyalties.com
Forward Looking Information
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.
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.
SOURCE: Orogen Royalties Inc.
View the original press release on ACCESS Newswire
FAQ
What is the size of the new Navidad vein resource discovered at OGNRF's Ermitaño royalty?
How much did OGNRF's Ermitaño Measured and Indicated resources change in 2024?
What is the percentage increase in OGNRF's Ermitaño Inferred gold resources for 2024?
What exploration plans are scheduled for OGNRF's Ermitaño property in 2025?
