Earn in agreement with Moneghetti Minerals Limited
Located in Nevada
Carlin-type sediment hosted gold in the Cortez area of the Battle Mountain-Eureka Trend
The Ecru Project is located approximately 100 kilometers (60 miles) southeast of Battle Mountain, in Lander County, Nevada.
Several copper and gold prospects occur in the general vicinity of the Ecru project, and many companies have explored in this area in the past. Most significantly, Amax Gold explored several targets on the Robertson property, just to the south of and directly adjacent to Ecru through the 1980s and 1990s. This project ended up with Coral Gold who sold the property to Barrick in 2017. Barrick (now Nevada Gold Mines) is developing a 2.7M oz. intrusion-related (skarn) resource hosted in the upper plate siliciclastic rocks (see Coral Gold Corp. NR dated July 30, 2019 and NI43-101 report, January 2012). The project was staked by Ivy Minerals Inc. in 2014, who conducted a surface geochemical survey and a gravity survey. Kinetic Gold, a wholly-owned subsidiary of Orogen, acquired the project from Ivy Minerals in 2017 and soon thereafter optioned the project to Nevada Star Resources, a wholly-owned subsidiary of S2 Resources Ltd.
The Ecru project area is underlain by upper plate siliciclastic rocks of the Vinini Fm. and quaternary alluvium on the east and as such is exploring a blind Carlin target at depth. A large gravity high interpreted to be an upthrown block of lower plate carbonates occurs in the NE portion of the project. Two core holes were drilled by S2 in 2018 using gravity and AMT to target Carlin-style mineralization hosted in lower plate carbonate rocks. Neither hole penetrated the target stratigraphy, but one hole did intersect significant gold mineralization up to 3.4 g/t in upper plate with a geochemical signature very similar to the adjacent Robertson project.
On March 8th, 2021, Orogen announced it had signed an agreement with Moneghetti Minerals Limited, to option the Ecru gold project in Nevada. Moneghetti can acquire a 100% interest in Ecru by making cash payments of US$2.5 million, work expenditures of US$5.0 million over a six-year period, and granting a 2% net smelter return (“NSR”) royalty to Orogen.