Orogen explores to create royalties | Mining
The company also owns a 1% royalty on South Roberts, just northwest of Eureka, near McEwen’s operations, but there hasn’t been any production there yet.
Pace said Orogen has 20 exploration projects in Nevada, including three new projects available for a joint venture partnership: one near Tonopah, one near Paradise Peak and another in the Cortez mining district.
The company is filing mining claims for “organic project generation” and acquiring properties with potential, especially in areas where there are few drill holes, Pace said.
The Ermitano West project in Orogen in Mexico could be in production in 2022, after COVID-19 restrictions slowed work, Pace said. Ermitano West will be an underground mine operated by First Majestic Silver Corp., and Orogen holds a 2% net smelter royalty.
“We also have a drilling program starting shortly on the Sarape project, an epithermal vein system in Sonoro, Mexico, in partnership with Hochschilds, and in Canada, we are preparing for another year of active exploration, including including work on our Ball Creek Project in the Golden Triangle, ”said Pace.
The golden triangle is in British Columbia.
Renaissance and Evrim had been talking about a merger for years, and the Renaissance teams in Nevada and the Evrim teams in Canada and Mexico “complement each other quite well,” said Pace, who was with Renaissance about 10 years before. fusion.