Orogen Royalties Inc.: Significant Expansion of Gold-Silver Mineralization at Navidad Vein System in Sonora, Mexico
VANCOUVER, BC – Orogen Royalties Inc. (TSXV:OGN)(OTCQX:OGNRF) is thrilled to share the latest developments from the Navidad gold-silver target, located within the Ermitaño Mine concessions in Sonora, Mexico. Orogen holds a 2% net smelter return (“NSR”) royalty on the mine.
Expansion of Mineralization at Navidad and Winter Veins
During the second half of 2024, drilling by mine operator First Majestic Silver Corp. has significantly expanded the zones of gold and silver mineralization at the Navidad and Winter veins. The mineralization identified to date 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.
Highlighted Drill Results
Several noteworthy drill holes from the second half of 2024 include:
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EW-24-372-A: 13.06 g/t gold and 205 g/t silver over 3.24 metres (Navidad vein)
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EW-24-372-A: 8.60 g/t gold and 77 g/t silver over 4.83 metres (Winter vein)
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EW-24-373: 5.64 g/t gold and 104 g/t silver over 6.06 metres (Winter vein)
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EW-24-377: 7.09 g/t gold and 125 g/t silver over 3.30 metres (Winter vein)
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EW-24-379: 7.09 g/t gold and 38 g/t silver over 2.32 metres (Navidad vein)
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EW-24-382: 13.93 g/t gold and 99 g/t silver over 2.66 metres (Winter vein)
Resource Estimate and Metallurgical Testing
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% and 85%, respectively.
Continued Exploration
Five drill rigs are currently assigned to the Navidad vein system, demonstrating the commitment to further explore and develop this promising gold-silver discovery.
Impact on Individuals
The expansion of mineralization at the Navidad and Winter veins could lead to increased production and potentially higher revenues for First Majestic Silver Corp., which could translate into potential growth for shareholders. Additionally, the continued exploration may result in the discovery of further mineralized zones, potentially increasing the overall value of the project.
Impact on the World
The significant expansion of mineralization at the Navidad and Winter veins contributes to the ongoing global demand for precious metals like gold and silver. As the mining industry continues to explore and develop new discoveries, it plays a crucial role in maintaining a stable supply of these valuable resources, which are essential for various industries, including technology, healthcare, and finance.
Conclusion
The expansion of mineralization at the Navidad and Winter veins within the Ermitaño Mine concessions in Sonora, Mexico, highlights the potential for continued growth and discovery within the project. With the initial inferred mineral resource estimate planned for late March 2025, the ongoing commitment to exploration, and the promising metallurgical test results, Orogen Royalties Inc. and First Majestic Silver Corp. are poised for future success in the mining industry. The potential increase in production and the discovery of further mineralized zones could lead to positive impacts for both the companies and the global precious metals market.
For more information about Orogen Royalties Inc., please visit their website at www.orogenroyalties.com
