Orogen options the Sarape gold project to Hochschild

Orogen_27082020

Vancouver, B.C. August 27,2020 (TSX-V: OGN) Orogen Royalties Inc. (“Orogen” or the”Company”) is pleased to announce it has optioned the Sarape goldproperty in Sonora, Mexico to Minera Hochschild Mexico, S.A. de C.V., asubsidiary of Hochschild Mining PLC (“Hochschild”).  Hochschild can earn a 100% interest in the Sarape project by making cash payments of US$5.35 million and completingexpenditures of US$5.0 million over a five-year period. Upon exercise of theoption, Hochschild will grant to Orogen a 3% net smelter return royalty (“NSR”)of which 1% can be purchased for US$2.0 million.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s