Orogen holds 1% NSR royalty
Owned by Ivy Minerals Inc.
Target: Carlin-type gold mineralization under shallow alluvial cover just south of McEwen’s new Gold Bar Mine.
The South Roberts Project is located on the Battle Mountain-Eureka Trend approximately 82 kilometers (25 miles) NW of Eureka, Nevada
On July 21, 2020 Orogen Royalties, through its US subsidiary Renaissance Exploration Inc. (successor by merger of Kinetic Gold (US) Inc.) sold 100% of its interest in the South Roberts property to a private U.S. Company (Ivy Minerals Inc.) in exchange for a 1% NSR production royalty on 24 claims and a 0.5% NSR production royalty on 29 claims.
The project covers a large antiform of prospective Devonian carbonates covered by upper plate siliciclastic rocks and post mineral cover. To the north of South Roberts, McEwen has recently put the 1.2 Moz Gold Bar deposit into production, hosted largely in the same host rocks. Our recent partner drilling programs have encountered the top of Paleozoic bedrock at depths of 100 to 400 feet. This widely spaced drilling has defined a prospective antiform in Devonian carbonates cut by northwest trending structures that are the primary target for follow up drill programs.
The South Roberts project area has been explored by several companies including BHP and Santa Fe Pacific Gold prior to acquisition by Kinetic Gold in 2014. McEwen Mining optioned the property in 2015 and drilled 4 RC and 2 core holes, encountering anomalous gold and pathfinders and intersecting the target stratigraphy in in most of the holes. S2 Resources Ltd. optioned the project in 2017 and drilled 2 additional core holes, also encountering anomalous gold plus pathfinders in upper plate stratigraphy. The deeper, more favorable lower-plate Devonian stratigraphy has not been adequately tested.