Royalty Summary
Orogen holds a 3% net smelter royalty on the Sigalagala licenses located in Kakamega county, Kenya owned and operated by Shanta Gold Limited. The Sigalagala license is within Shanta Gold’s larger West Kenya project: https://www.shantagold.com/operations/west-kenya-project/
Project Overview and History
The West Kenya Gold project covers the Liranda Corridor, a structural zone within the northern-most greenstone belt in the Lake Victoria Goldfields. The property contains the Isulu and Bushiangala deposits where Shanta Gold have defined Indicated resources of 722 Koz gold grading 11.45 g/t within a global resource of 1,285 Koz gold grading 10.6 g/t.
Sigalagala is located approximately four kilometres east of the Isulu and Bushiangala deposits and covers the extensions of the shear zone that forms the structural setting for mineralization in the region.
Previous exploration on the Sigalagala license includes soil geochemistry, geophysics and several air-core, reverse circulation, and diamond drilling campaigns. Highlight drill holes from the Sigalagala license include LCD0013 grading 8.74 g/t gold over three metres from 62 metres, and LCD0036 grading 4.94 g/t gold over 1.2 metres from 221.9 metres.
Transaction Summary
In June 2022, Orogen acquired a 3% net smelt royalty on the Sigalagala license as part of a three-royalty package purchased from Advance Lithium Corp for US $120,000 and a 100% of the Sarape Gold project.
Recent Activities
May 2023: https://www.shantagold.com/_resources/Investor%20Exploration%20Update.pdf
Jan 2023: https://www.shantagold.com/_resources/Isulu-Bush-Resource-Conversion-Year-End-2022.pdf
July 2022: https://orogenroyalties.com/news-releases/orogen-closes-acquisition-of-kenyan-and-mexican-royalties/