The South Roberts project is a Carlin‐type gold mineralization target under shallow alluvial cover, just south of McEwen’s Gold Bar Mine, on the Battle Mountain‐Eureka Trend, approximately 82 kilometers (25 miles) NW of Eureka, Nevada. 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.
On July 21, 2020, Orogen sold 100% of its interest in the South Roberts property to Ivy Minerals Inc. in exchange for a 1.0% NSR royalty on 24 claims and a 0.5% NSR royalty on 29 claims.