on Orogen Royalties Inc (isin : CA30051B1004)
Orogen Royalties Expands Navidad Gold-Silver Target at Ermitaño
Orogen Royalties Inc. has announced an expansion of the Navidad gold-silver target within the Ermitaño Mine concessions in Sonora, Mexico. The expansion follows substantial drilling efforts by First Majestic Silver Corp. in the latter half of 2024, significantly widening the zones of mineralization in the Navidad and Winter veins.
Mineral deposits at Navidad now stretch over 1,000 meters along strike and 300 meters down dip, with notable drilling highlights including grades up to 13.06 grams per tonne for gold and 205 grams per tonne for silver. The close proximity of the newly expanded zones to the Ermitaño Mine could facilitate future exploration and production.
An initial inferred mineral resource estimate for Navidad is expected by March 2025. Metallurgical testing shows promising recovery rates for both gold and silver, with five drill rigs currently dedicated to the project. This discovery promises to enhance Orogen's royalty interests in the region.
R. E.
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