Orogen Royalties Inc. announced the acquisition of the Celts epithermal gold-silver project in the Walker Lane, Nevada. Celts Project Highlights: Untested advanced argillic alteration cell overlying possible epithermal gold mineralization at depth. Alteration indicative of steam-heating, implying a boiling zone and possible gold-silver mineralization hidden below the surface.

Surface expression similar to AngloGold Ashanti NA's (AngloGold) Silicon deposit in southwestern Nevada, that contains 3.37 million ounces of gold in preliminary Inferred Resource, where Orogen holds a 1% net smelter return (NSR) royalty. Celts has been acquired through staking on Bureau of Land Management (BLM) ground under the Altius Minerals Corp. Exploration Alliance.

Celts Project: The 560 hectare Celts project is located in southeastern Nevada, thirteen kilometres northeast of Goldfield within the Walker Lane gold and silver trend. The claims are located on road accessible BLM-managed ground. The property contains a central Tertiary rhyolite dome that intrudes older basalts and rhyolite tuffs.

Advanced argillic alteration within the dome, covering a 600-metre-diameter area, constitutes a potential steam-heated alteration cap with alteration intensity increasing southward. Mercury is anomalous in the southern part of the cell with concentrations reaching two parts per million. The steam-heated cell may overlie a boiling zone comprising the untested core of a low-sulfidation style gold system.

Gold-bearing low-sulfidation quartz veins located one to two kilometres from the steam cap, at lower elevations, provide evidence of a gold-fertile hydrothermal system and define an approximately eight square-kilometre district-scale play. Drilling of these peripheral veins in 1987 by Chevron is reported to have intercepted 1.5 metres grading 4.1 grams per tonne gold. Eight holes ranging from 76.9 to 210.6 metres in depth were drilled in this program, all located over one kilometre from the steam cap, Orogen's principal target, which remains undrilled.

Potential for upward-flaring gold zones at depth beneath the advanced argillic alteration similar to those observed in many classic dome-hosted epithermal deposits is significant. Celts is available for option or sale.