Orogen Royalties Announces the Expansion of the Navidad Gold-Silver Target at Ermitaño
Orogen Royalties announces significant expansion of the Navidad gold-silver target at Ermitaño Mine in Sonora, Mexico, where it holds a 2% NSR royalty. Recent drilling by First Majestic Silver has revealed extensive mineralization at the Navidad and Winter veins, located 100 metres southwest and 350 metres below the Ermitaño Mine complex.
Key drilling results include intercepts of up to 13.06 g/t gold and 205 g/t silver over 3.24 metres. The mineralization extends over 1,000 metres along strike and 300 metres down dip. Metallurgical testing shows gold and silver recoveries exceeding 90% and 85% respectively. First Majestic plans to complete an initial inferred mineral resource estimate for Navidad in late March 2025, with five drill rigs currently active at the site.
Orogen Royalties annuncia un'espansione significativa dell'obiettivo oro-argento Navidad presso la Mina Ermitaño in Sonora, Messico, dove detiene un diritto di royalty NSR del 2%. Le recenti perforazioni condotte da First Majestic Silver hanno rivelato una mineralizzazione estesa presso le vene Navidad e Winter, situate a 100 metri a sud-ovest e 350 metri sotto il complesso della Mina Ermitaño.
I principali risultati delle perforazioni includono intercettazioni fino a 13,06 g/t di oro e 205 g/t di argento su 3,24 metri. La mineralizzazione si estende per oltre 1.000 metri lungo la strike e 300 metri in profondità. I test metallurgici mostrano recuperi di oro e argento superiori al 90% e 85% rispettivamente. First Majestic prevede di completare una stima iniziale delle risorse minerarie presunte per Navidad a quasi fine marzo 2025, con cinque impianti di perforazione attualmente attivi nel sito.
Orogen Royalties anuncia una expansión significativa del objetivo de oro-plata Navidad en la Mina Ermitaño en Sonora, México, donde posee un derecho de regalía NSR del 2%. Los recientes taladros realizados por First Majestic Silver han revelado una mineralización extensa en las venas Navidad y Winter, ubicadas a 100 metros al suroeste y a 350 metros por debajo del complejo minero Ermitaño.
Los resultados clave de perforación incluyen intercepciones de hasta 13.06 g/t de oro y 205 g/t de plata sobre 3.24 metros. La mineralización se extiende por más de 1,000 metros a lo largo de la traza y 300 metros en dip. Las pruebas metalúrgicas muestran recuperaciones de oro y plata que superan el 90% y el 85% respectivamente. First Majestic planea completar una estimación inicial de recursos minerales inferidos para Navidad a finales de marzo de 2025, con cinco equipos de perforación actualmente activos en el sitio.
Orogen Royalties는 멕시코 소노라 에르미타뇨 광산의 나비다드 금-은 목표 지역의 중요한 확장을 발표했습니다. 이 지역에서 2% NSR 로열티를 보유하고 있습니다. First Majestic Silver의 최근 시추 결과, 나비다드와 윈터 광맥에서 100미터 남서쪽, 에르미타뇨 광산 단지에서 350미터 아래에 광범위한 미네랄화가 드러났습니다.
주요 시추 결과는 3.24미터에 걸쳐 최대 13.06 g/t 금과 205 g/t 은의 채굴을 포함합니다. 미네랄화는 1,000미터 이상의 거리로 뻗어나가며, 300미터 깊이로 지속됩니다. 금과 은의 회수율은 각각 90%와 85%를 초과하는 것으로 나타났습니다. First Majestic는 2025년 3월 말에 나비다드를 위한 초기 추정 미네랄 자원 평가를 완료할 계획이며, 현재 현장에서 다섯 개의 시추 장비가 활동 중입니다.
Orogen Royalties annonce une expansion significative de l'objectif or-argent Navidad à la mine Ermitaño dans l'État de Sonora, au Mexique, où elle détient une redevance NSR de 2%. Des forages récents réalisés par First Majestic Silver ont révélé une minéralisation extensive dans les veines Navidad et Winter, situées à 100 mètres au sud-ouest et à 350 mètres sous le complexe de la mine Ermitaño.
Les résultats clés des forages incluent des intersections allant jusqu'à 13,06 g/t d'or et 205 g/t d'argent sur 3,24 mètres. La minéralisation s'étend sur plus de 1 000 mètres le long de la pente et 300 mètres en profondeur. Les tests métallurgiques montrent que les récupérations d'or et d'argent dépassent respectivement 90% et 85%. First Majestic prévoit de compléter une première estimation des ressources minérales inférées pour Navidad d'ici la fin mars 2025, avec cinq engins de forage actuellement actifs sur le site.
Orogen Royalties kündigt eine bedeutende Expansion des Gold-Silber-Ziels Navidad in der Ermitano-Mine im Bundesstaat Sonora, Mexiko, an, wo es ein 2% NSR-Royalty hält. Jüngste Bohrungen von First Majestic Silver haben eine umfangreiche Mineralisierung in den Navidad- und Winter-Erzgängen gezeigt, die sich 100 Meter südwestlich und 350 Meter unterhalb des Komplexes der Ermitano-Mine befinden.
Wichtige Bohrergebnisse umfassen Durchschläge von bis zu 13,06 g/t Gold und 205 g/t Silber über 3,24 Meter. Die Mineralisierung erstreckt sich über 1.000 Meter entlang der Strike und 300 Meter in die Tiefe. Metallurgische Tests zeigen, dass die Rückgewinnungen von Gold und Silber über 90% bzw. 85% liegen. First Majestic plant, bis Ende März 2025 eine erste geschätzte Mineralressource für Navidad abzuschließen, wobei derzeit fünf Bohranlagen vor Ort aktiv sind.
- High-grade drill results with up to 13.06 g/t gold and 205 g/t silver
- Extensive mineralization zone: 1,000 meters strike length, 300 meters down dip
- Excellent metallurgical recovery rates: >90% gold, >85% silver
- Close proximity to existing mine infrastructure (100m southwest)
- Active exploration with 5 drill rigs
- Initial resource estimate expected March 2025
- None.
VANCOUVER, BC / ACCESS Newswire / February 5, 2025 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce the expansion of the Navidad gold-silver target ("Navidad"), located within the Ermitaño Mine concessions in Sonora, Mexico where the Company holds a cash-flowing
Highlights
During the second half of 2024, drilling by mine operator First Majestic Silver Corp. ("First Majestic"), has significantly expanded the zones of gold and silver mineralization at the Navidad and Winter veins ("Navidad")1
The Navidad and Winter veins are located 100 metres southwest and 350 metres below the Ermitaño Mine complex
Gold and silver mineralization identified to date at Navidad extends over 1,000 metres along strike and 300 metres down dip, with a true thickness averaging between 2.8 metres and 4.4 metres
Highlight drill holes for the second half of 2024 (reported as true-width intercepts) include1:
EW-24-372-A grading 13.06 grams per tonne ("g/t") gold and 205 g/t silver over 3.24 metres (Navidad vein)
EW-24-372-A grading 8.60 g/t gold and 77 g/t silver over 4.83 metres (Winter vein)
EW-24-373 grading 5.64 g/t gold and 104 g/t silver over 6.06 metres (Winter vein)
EW-24-377 grading 7.09 g/t gold Au and 125 g/t Ag over 3.30 metres (Winter vein)
EW-24-379 grading 7.09 g/t gold and 38 g/t silver over 2.32 metres (Navidad vein)
EW-24-382 grading 13.93 g/t gold and 99 g/t silver over 2.66 metres (Winter vein)
First Majestic is planning to complete an initial inferred mineral resource estimate for Navidad in late March 2025
Metallurgical testing of mineralization from the Navidad and Winter veins, under current processing parameters at the Santa Elena processing and mill facilities, returned gold and silver recoveries exceeding
90% and85% , respectivelyFive drill rigs are currently assigned to the Navidad vein system
Paddy Nicol, Orogen's CEO, commented, "Since the discovery of Navidad in July 2024, multiple drill rigs have been busy exploring the vein system and it is exciting to see continued success. Not only did drilling in the second half of 2024 expand Navidad, the zone of high-grade gold and silver mineralisation is also substantially closer to the underground workings at the Ermitaño mine complex. Navidad's proximity to Ermitaño will allow for easier access for future exploration and for possible production. We look forward to First Majestic's initial inferred resource at Navidad in the next few months."
About the Ermitaño and Navidad Veins
The 167 square-kilometre Ermitaño mining concession, where Orogen holds a
The Ermitaño vein was discovered in 2016 and developed into a producing underground mine at the end of 2021. Current reserves and resources are as follow:
Ermitaño Reserves and Resources at Dec 31, 20232 | |||||
Reserve | Tonnage (k) | Ag (g/t) | Au (g/t) | Ag Koz | Au Koz |
Proven (UG- Erm) | 590 | 78 | 3.87 | 1,473 | 73 |
Probable (UG-Erm) | 2,086 | 65 | 2.87 | 4,367 | 193 |
Total Reserves | 2,676 | 67.87 | 3.09 | 5,840 | 266 |
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Resource (inclusive of reserve) |
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Measured | 612 | 81 | 4.38 | 1,600 | 86 |
Indicated | 2,306 | 71 | 3.45 | 5,260 | 256 |
Total M&I | 2,918 | 73.1 | 3.65 | 6,860 | 342 |
Total Inferred | 2,049 | 65 | 2.34 | 4,280 | 154 |
Exploration drilling by First Majestic in 2021 identified the fault-offset Luna zone to the east of the Ermitaño mine which has been integrated into the 2023 Inferred resource. Luna remains open to the east3.
The Navidad vein hosted gold-silver mineral system is a new discovery to the west of the Ermitaño mine announced in July 20244. The discovery is based on a refined understanding of regional stratigraphy and the key controls on Ermitaño style mineral deposits. The new discovery is entirely within Orogen's royalty AOI (Figure 1).
The February 2025 update1 is based on 20,809 metres of new drilling in 17-holes at the Navidad target that has expanded the footprint of gold and silver mineralization and defined two epithermal quartz veins: the Navidad and Winter Veins. The Navidad system is now defined to 100 metres southwest and 350 metres below the Ermitaño underground mine levels (Figure 2), significantly closer than First Majestic had previously stated4.
The Navidad and Winter veins consist of grey to pink banded quartz and surrounding stockworks containing visible silver sulphides and native gold. The Winter vein occurs approximately 180 metres structurally above and sub-parallel to the underlying Navidad vein.
Mineralization intersected within the Winter vein currently extends 600 metres by 350 metres along strike and dip, and the mineralization ranges from 0.65 metres to 6.6 metres in thickness. Mineralization intersected to date within the Navidad vein extends 1,000 metres by 300 metres along strike and dip and the mineralisation ranges from 0.5 metres to 5.0 metres in thickness1. Mineralisation in both veins remains open in multiple directions with five drill rigs currently active at Navidad. An initial inferred mineral resource for the Navidad and Winter veins is anticipated to be released by First Majestic in late March 20251.
Qualified Person Statement
All 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 are the latest drill results from OGNRF's Navidad target at Ermitaño?
When will First Majestic release the initial resource estimate for OGNRF's Navidad target?
What are the metallurgical recovery rates for OGNRF's Navidad project?
How large is the mineralization zone at OGNRF's Navidad target?
