Orogen Royalties Reports 34% Increase in Gold Resources at Nevada's Merlin Deposit

Orogen Royalties Inc. has announced a significant update to the Expanded Silicon project in Nevada, USA, with a 34% increase in gold resources at the Merlin deposit. The updated inferred resource now stands at 12.1 million ounces of gold, marking a notable enhancement from previous figures. Orogen holds a 1% net smelter return royalty on this project, which also includes the nearby Silicon deposit, bringing total exposure to approximately 16.31 million ounces of gold.

The Merlin deposit update details a 25% increase in tonnes and a 7% rise in gold grade from the February 2024 announcement. This growth is attributed to refined high-grade zones and mineralized units. Exploration drilling east of Merlin continues, with a pre-feasibility study expected in the latter half of 2025. Paddy Nicol, Orogen's CEO, expressed satisfaction with the 3.05 million ounces addition to the Merlin resource.

Continued exploration and engineering studies are planned, aiming to support further resource upgrades and project development. The deposits remain open in multiple directions, indicating potential for further expansion.