/ Royalty Portfolio
Project Snapshot
Firenze Pipeline
Partner:Altitude Minerals Ltd.
Location:Nevada, USA
Stage:Exploration
Metal:Gold, Silver
Royalty:1.5% NSR
AOI:7.4 km2
Firenze is a pipeline-stage royalty asset positioned within a prospective mineral district and provides exposure to future exploration advancement.
Overview
The Firenze property contains a system of up to 1.5-metre-wide precious metal rich epithermal veins outcropping over 1.5 square-kilometres (Figure 2). At surface, the veins display classic epithermal textures with banded quartz and adularia returning up to 9.3 grams per tonne (“g/t”) gold and 1,250 g/t silver. Dump samples from limited artisanal production in the 1860s returned values of 44.0 g/t gold and 534 g/t silver, 22.5 g/t gold and 1825 g/t silver, and 17.7 g/t gold and 97.8 g/t silver.
Generally west-northwest trending veins are hosted within the tuff of Elevenmile Canyon, a sequence of Oligocene aged intra caldera volcaniclastics. These variably welded tuffs display localized silicification and argillization at surface associated with elevated gold and anomalous mercury, arsenic, antimony, and lead indicating the potential for disseminated gold mineralization on the property.
Precious metal grades and argillic alteration are open to the east beneath shallow, post-mineral alluvium. This covered area hosts a structurally complex fault accommodation zone that may be the focal center of the epithermal system.
Royalty & Transaction Summary
Orogen holds a 1.0% NSR royalty on the Firenze project owned and operated by a wholly owned subsidiary of Altitude Minerals Ltd.
Agreement Terms
In October 2025, Altitude Minerals acquired a 100% interest in the Firenze gold project subject to the following terms:
- US$30,000 cash on signing a Letter of Intent agreement (paid);
- US$100,000 in cash on signing the Agreement;
- US$300,000 in cash or shares (share issuance being subject to shareholder approval only) on or before November 30, 2025; and
- A 3% NSR royalty will be granted by Altitude with a 1% buydown provision for US$1.5 million.
Under the terms of the Alliance between Orogen and Altius Minerals, proceeds from the sale of Firenze will be split evenly between both parties
Exploration & Recent Activity
Altitude outlined plans for a 2,500 metre drill program in Q2-2026 which will be the first modern testing of the high-grade veins at Firenze since their release from Wilderness protections in 2022.
Reference Materials
