Overview
La Lola is a large 6,301‐hectare land package located ten kilometers southeast of the town of Esqueda, Sonora in the Sierra Madre in northern Sonora State. Located within an emerging low to intermediate sulphidation epithermal. The project covers the La Barra vein, a five‐kilometre long manganiferous calcite‐fluorite vein with elevated gold, silver, and mercury values in flexures along the strike of the vein. Margins of the La Barra vein also display lattice‐bladed quartz after calcite. Collectively, widespread clay alteration and low temperature vein textures suggesting only minor erosion, these features are indicative of the higher levels of an epithermal vein system. Potential exists for epithermal gold‐silver targets at depth, none of which have been tested by drilling.
History
On March 25, 2019, Orogen entered into an agreement with a group of third parties (the “Optionor”) to purchase 100% of the La Lola property by making a total cash payment of US$100,000 of which US$50,000 was paid by Orogen before the project was sold to Heliodor Metals S.A. DE C.V. (“Heliodor”) on July 24, 2020. The Optionor holds 1.0% NSR royalty which can be repurchased by Heliodor for US$500,000. Orogen retains a 2.0% NSR royalty on the project of which 1.0% can be repurchased by Heliodor for US$1.75 million.