Project owner
Orogen holds a 1% net smelter return ('NSR') royalty on 79 square kilometres of ground at the Silicon project that includes the Silicon deposit and Merlin area.
Highlights
Indicated resources of 121.56 million tonnes grading 0.87 grams per tonne ('g/t') gold for 3.4 million ounces of contained gold, signaling a full conversion from inferred resources announced in 2022
Additional inferred resources of 36.03 million tonnes grading 0.70 g/t gold for 0.8 million ounces of contained gold
Silicon pre-feasibility study ('PFS') to integrate Merlin area for potentially larger scale mining activity and is expected to be completed in 2023
Over
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About
Contact:
Tel: 604-248-8648
Email: 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
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.
Except where otherwise stated, the disclosure in this news release relating to properties and operations in which Orogen holds a Royalty are based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Orogen. Specifically, as a Royalty holder and prospect generator, the Company has limited, if any, access to properties on which it holds Royalty or other interests in its asset portfolio. The Company may from time to time receive operating information from the owners and operators of the mining properties, which it is not permitted to disclose to the public. Orogen is dependent on, (i) the operators of the mining properties and their qualified persons to provide information to Orogen, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds Royalty or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some reported public information in respect of a mining property may relate to a larger property area than the area covered by Orogen's Royalty or other interest. Orogen's Royalty or other interests may cover less than 100% of a specific mining property and may only apply to a portion of the publicly reported mineral reserves, mineral resources and or production from a mining property.
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