/ Project Generation
Orogen’s alliance with Aurum Discovery, a private prospect generator based in Dublin, Ireland, is focussed on generating gold and silver targets in prospective mineral belts within Norway. The alliance combines Aurum’s technical expertise and regional targeting capabilities with Orogen funded exploration focused on the organic generation of royalties.
Overview
The generative alliance between Orogen and Aurum is based on greenfield gold assets in Norway identified by Aurum from a Scandinavian gold terrane review. A two-year €500,000 budget is planned with funding by Orogen and exploration, data and in-country expertise provided by Aurum.
Targets generated through the Alliance will be funded by Orogen to the project marketing stage (“Designated Projects”) where both Aurum and Orogen will seek exploration partnerships, or other monetization opportunities with the objective of retaining long term royalty exposure. All revenues, including sale proceeds, option payments, and royalties derived from the Designated Projects, will be distributed equally between the parties.
| Focus | Gold Exploration |
| Region | Norway |
| Commodity Focus | Orogenic Gold |
| Alliance Type | Generative Exploration Alliance |
| Orogen funding commitment | €500,000 |
| Active Since | 2026 |
Alliance Activity
The Alliance will focus on the two highest ranked orogenic gold targets: Pasvik and Mjøsa–Vänern with a potential pipeline of targets.
About the Pasvik Project
The 160 square-kilometre Pasvik project is located in Finnmark county, northern Norway around thirty kilometres south of the Sydvaranager Iron Mine. The project is within the underexplored Pasvik Greenstone belt on the eastern extension of the North Transfennoscandian Paleoproterozoic greenstone belt.
Gold on the project was first identified as up to 15 grams per tonne (“g/t”) gold float samples near Gjedde Lake with limited historical drilling intersecting up to 22 metres grading 0.82 g/t gold. Modern geochemical surveys irregularly cover parts of the property and highlight multiple undrilled regions with elevated gold.
A year one work program under the alliance will infill soil and till geochemistry across the main structures, complete systematic prospecting across the property and begin engagement with the local stakeholders including Kommune and Reindeer districts.
About the Mjøsa–Vänern Project
The Mjøsa–Vänern gold belt is located within the Sveconorwegian belt of southern Norway and Sweden. The belt contains over one hundred historical vein deposits associated with a forty kilometre wide mylonite zone. This zone is relatively unexplored on the Norwegian side.
Aurum have located a province scale land position on the northern extent of the district which will be refined into project scale land positions via a year one work program involving a regional stream-sediment survey and targeted mapping/prospecting focused on the mylonite zone. This will be the first modern widespread prospecting and stream sediment program carried out in the region.
Strategic Rationale
Orogen is deploying capital resources into jurisdictions that are low cost, low risk, and have strong geological and partnership potential. We are utilizing the intellectual capital and in-country expertise of Aurum Discovery, a private early-stage explorer focused on organic royalty creation in Europe and Africa. This transaction allows Orogen to expand its prospect generation activities beyond western North America in an efficient and expedient manner.