Alliance Highlights
Initial
Orogen to contribute extensive technical databases and team expertise
Ongoing expenses and proceeds of Designated Projects will be split evenly between Orogen and Altius
Focused on the
Orogen's generative team continues to systematically evaluate several additional targets. Altius is funding the costs of project generation including staking or acquisition. Drawing on the combined commercial capabilities of Orogen and Altius, the Alliance is structured around a goal of vending high-quality exploration targets to third parties for equally shared equity and royalty interests.
About the
The 2,170 hectare Cuprite gold project is located in
Cuprite is a district-scale opportunity with over twenty square-kilometres of advanced argillic alteration constituting one of the largest steam-heated cells in the
Within the eastern cell, alteration vectors eastward towards shallow gravel cover with cinnabar (and mercury-in-soil anomalism), residual silica and powdery silica all observed proximal to the eastern limit of outcrop. Favorably oriented faults, related to the Miocene Stonewall caldera, project into the shallow gravel cover and constitute highly prospective feeder structures untested by drilling (Figure 3).
Cuprite is a strong analog to
More details on the Cuprite property including a technical presentation and overview video can be found at https://www.orogenroyalties.com/projects/cuprite.
The Alliance is presently entertaining expressions of interest in the Cuprite project.
About
Contact:
President & CEO
T: 604-248-8648
Vice President
Corporate Development
T: 604-248-8648
WEB: www.orogenroyalties.com
E: info@orogenroyalties.com
Forward Looking Information
This news release includes certain statements that may be deemed 'forward looking statements'. All statements in this presentation, other than statements of historical facts, that address events or developments that
Forward looking information relates to statements concerning the Company's future outlook and anticipated events or results, as well as the Company's management expectations with respect to the proposed business combination (the 'Transaction'). This document also contains forward-looking statements regarding the anticipated completion of the Transaction and timing thereof. Forward-looking statements in this document are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the receipt, in a timely manner, of regulatory and stock exchange approvals in respect of the Transaction.
Although the Company believe the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Furthermore, the extent to which COVID-19 may impact the Company's business will depend on future developments such as the geographic spread of the disease, the duration of the outbreak, travel restrictions, physical distancing, business closures or business disruptions, and the effectiveness of actions taken in
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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