Royalty Summary

Orogen holds a 1% NSR royalty on the 30 square-kilometre El Meridiano project operated by Magna Terra: https://www.magnaterraminerals.com/el-meridiano

Project Overview and History

El Meridiano is located in the Jurassic aged Deseado Massif in Santa Cruz Province, Patagonia, southern Argentina. The Deseado Massif contains a number of large precious metal mines including Cerro Vanguardia (AngloGold Ashanti), Manantial Espejo (Pan American Silver), San José (McEwen Mining), Cerro Negro (Newmont), and Cerro Moro (Pan American Silver).

El Meridiano hosts a 2.5 kilometre wide-diameter diatreme with widespread silica-marcasite veins and replacements anomalous in Au, Ag, Hg, Sb, and As.  Thirty-two holes have been drilled, many of which encountered short intervals of mineralization, including 12 metres of 0.55 ppm Au in hole DDH6T.  The potential for deep mineralization has not been fully tested, as only 12 holes penetrated to depths greater than 120 metres, and only seven holes reached a depth of 200 metres, the deepest of which was 240 metres.

In 2017 Magnaterra carried out a CSAMT study with lines orientated NW-SE across the NE striking structures which we believe to form a principal control on mineralization. The deep targets identified have not been drill tested.

Transaction Overview and Summary

Orogen acquired the El Meridiano royalty as part of the merger with Renaissance Gold in 2020.

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