Latest news with #Navidad
Yahoo
5 days ago
- Business
- Yahoo
Why First Majestic Silver Corp. (AG) Skyrocketed On Monday
We recently published a list of . In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against other top-performing stocks on Monday. First Majestic Silver grew its share prices by 11.51 percent on Monday to finish at $6.88 apiece as investors turned bullish on the company following its discovery of a new gold-silver deposit that could significantly raise its future production. Last week, First Majestic Silver Corp. (NYSE:AG) announced the discovery of a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico. Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations. An open-pit mine framed by a mountain range, highlighting the company's vast mining concessions. First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,' said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Why First Majestic Silver Corp. (AG) Skyrocketed On Monday
We recently published a list of . In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against other top-performing stocks on Monday. First Majestic Silver grew its share prices by 11.51 percent on Monday to finish at $6.88 apiece as investors turned bullish on the company following its discovery of a new gold-silver deposit that could significantly raise its future production. Last week, First Majestic Silver Corp. (NYSE:AG) announced the discovery of a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico. Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations. An open-pit mine framed by a mountain range, highlighting the company's vast mining concessions. First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,' said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Associated Press
28-05-2025
- Business
- Associated Press
First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad
Santo Niño: A New Gold-Silver Discovery Confirmed 900 Metres South of the Santa Elena Plant. Navidad: Drilling Expands the Mineral Deposit Footprint and Returns Higher-Grade Gold and Silver. Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the 'Company' or 'First Majestic') is pleased to report a second significant discovery of vein-hosted gold and silver mineralization within a year at the Santa Elena property in Sonora, Mexico, and to share additional positive drilling results from the Navidad discovery. The near surface, newly identified Santo Niño vein, located approximately one kilometre south of the Santa Elena mine, marks a significant addition to the district. Resource addition and resource conversion drilling at the Navidad Discovery - completed after maiden Inferred Resource estimate declaration (see news release dated March 31, 2025 ) - substantially increased the size of the mineralized area and several holes returned higher than average grades for the deposit. With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district. 'The past twelve months of our exploration activities at Santa Elena have been outstanding,' stated Keith Neumeyer, President & CEO of First Majestic. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope. Together with the producing Santa Elena and Ermitaño mines, these new deposits confirm Santa Elena as a truly prolific district with tremendous untapped potential. We believe Santo Niño and Navidad will meaningfully extend the mine life and will unlock additional value to the portfolio.' EXPLORATION HIGHLIGHTS FOR SANTO NIÑO AND NAVIDAD Exploration drilling approximately 900 metres ('m') south of the Santa Elena processing plant has discovered the Santo Niño vein - a large, epithermal quartz-adularia vein hosting gold ('Au') and silver ('Ag') within a newly identified fault zone. Exploration drilling to date has traced the vein over one kilometre ('km') of strike and 400 m down-dip, with thirteen intercepts to date returning significant gold and silver grades. Confirmed mineralization spans more than 600 m along strike and approximately 200 m down dip, and the upside potential is open in multiple directions. Geological characteristics closely mirror those of the Ermitaño deposit, situated approximately 2.2 km to the east-southeast along strike, underscoring the district-scale potential at Santa Elena. Drilling of the Navidad/Winter vein system, following the maiden Inferred Mineral Resource estimate effective December 31, 2024, expanded the footprint of precious metal mineralization while returning gold and silver grades substantially higher than were reported in the maiden Resource estimate. Drillhole EWUG-25-050 targeted the Winter vein more than 100 m east of prior drilling and intersected some of the highest-grade mineralization ever encountered on the Santa Elena Property: 6.8 m grading 14.8 g/t Au and 642 g/t Ag for an AgEq grade of 1,898 g/t. This interval includes 1.2 m at 29.5 g/t Au and 919 g/t Ag for 3,427 g/t AgEq; and 2.5m at 21.2 g/t Au and 1,093 g/t Ag for 2,897 g/t AgEq. Five additional significant intersections were cut further downhole including that of the Navidad vein. Resource conversion drilling confirms the continuity of precious metal mineralization and, in general, returned significantly higher gold and silver grades than estimated from prior drilling. KEY DRILLING HIGHLIGHTS Tables 1-3 below present a selection of drill hole intercepts with significant assay results from drilling at the Santo Niño and Navidad discoveries. All intercepts are true width. Santo Niño Discovery Highlights Table 1: Santo Niño Vein Significant Intercepts [This table cannot be displayed. Please visit the source.] Navidad Discovery Highlights Table 2: Winter Vein Significant Intercepts [This table cannot be displayed. Please visit the source.] Table 3: Navidad Vein Significant Intercepts [This table cannot be displayed. Please visit the source.] District-Scale Exploration Strategy Building on the exploration model unveiled in February 2025, our exploration team delivered a second gold and silver discovery in less than 12 months - the Santo Niño vein. By drilling beneath the masking andesitic cover into the prospective rhyolite horizon, geologists intercepted the Santo Niño vein and delineated zones of high-grade mineralization. Large portions of the Santa Elena concession, where this rhyolite is concealed, have not yet been explored, underscoring the district's untapped potential. Figure 1 shows the locations of the two new discoveries within the broader Santa Elena property. [ This image cannot be displayed. Please visit the source: ] Figure 1: Santa Elena Property Schematic Map of the Santo Niño and Navidad Discovery Areas. Plan View. To view an enhanced version of this graphic, please visit: Santo Niño Target The Santo Niño discovery sits approximately 900 m south of the Santa Elena processing plant and 2.2 km west-northwest of the Ermitaño deposit. Twenty-three diamond drill core holes have been completed to date with thirteen returning significant vein-hosted gold and silver mineralization (Figures 2 and 3). Eleven of those intercepts define a continuous, higher-grade zone in the vein's western upper levels. Santo Niño is a low-sulphidation, epithermal quartz-adularia vein within the Santo Niño fault zone (Figure 4). Drilling shows the structure strikes north-northwest and dips moderately to the northeast. The vein has now been traced for more than 1 km along strike and 400 m down-dip. Within that envelope, a mineralized core measuring ~600 m along strike by ~220 m down-dip has been identified to date. The average thickness of the mineralized zone is ~4.5 m and ranges from 1 m to 12.3 m. The mineralized area outlined by drilling is located in the western portion of the drill pattern projecting towards surface and the westernmost drill holes have returned some of the highest gold and silver grades. Mineralization remains open to the west and up-dip, while step-out holes on the east side have also intersected additional significant Au-Ag values that are open both eastward and at depth. The full extent of the Santo Niño vein is yet to be defined, and substantial follow-up drilling is planned for 2025 to test its lateral and vertical potential. [ This image cannot be displayed. Please visit the source: ] Figure 2: Santo Niño Discovery Details, Santo Niño Vein. (A) Vertical Cross-Section of the Santo Niño Vein looking East. (B) Plan View of the Santo Niño Vein. (C) Long-Section Looking North. Full Projection of Santa Elena Mine Located ~ 1km North from Santo Niño Vein. To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 3: Santo Niño Vein Long Section Looking North with Significant Intercepts Highlighting the Emerging Mineral Discovery. Santa Elena Mine Projected in the Background for Reference. To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 4: Core Photography of the Sano Niño Quartz-Adularia Vein with Gold and Silver Mineralization Detected by XRF Analysis Hole SE-25-19 Assay Results: 12.34 m at 1.65 g/t Au and 113 g/t Ag (true width) To view an enhanced version of this graphic, please visit: Navidad Target Drilling in the first half of 2025 has significantly expanded the Navidad/Winter vein system and delivered assay grades that exceed the averages estimated from prior drilling in the maiden Inferred Mineral Resource estimate. Step-out and in-fill holes have now traced the combined structure for 1.3 km along strike and 450 m down-dip, confirming both the lateral continuity and the vertical reach of high-grade mineralization. The most significant growth has occurred on the eastern flank of the deposit. Since the resource cut-off date, drilling to the east has expanded the Winter vein by 175 m, and the Navidad vein by 325 m, with each step-out hole returning robust precious-metal values (Figure 5). Three holes highlight the potential for deposit grade increase, and core photos from these holes are shown in Figures 6 and 7: Structural interpretation indicates that the principal mineral shoots in both veins plunge gently - about 20° toward the east-northeast - and remain open up and down plunge (Figures 8 and 9). In combination with the emerging Santo Niño discovery, the Navidad/Winter results reinforce Santa Elena's status as a district-scale, multi-deposit system with significant upside. An aggressive drill program, with nine active rigs currently, is in progress for the remainder of 2025, drilling aims to test the full strike length and depth potential of the new discoveries and to explore for additional mineral deposits. [ This image cannot be displayed. Please visit the source: ] Figure 5: Navidad Vein System Detail. Winter and Navidad Veins. (A) Long-Section of Winter Vein Showing Expansion from Drilling. (B) Plan View of Winter Vein. (C) Long Section of Navidad Vein Showing Expansion from Drilling. (D) Plan View of Navidad Vein. Full Projection, Long Sections Looking North. To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 6: Core Photography of the Winter Vein with Very High-Grade Gold and Silver Mineralization Detected by XRF Analyzer. Hole EW-25-050 Assay Results: 6.81 m at 14.77 g/t Au and 642 g/t Ag (true width). To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 7: Core Photography of the Navidad Vein with High-Grade Gold and Silver Mineralization Detected by XRF Analyzer. Hole EW-25-389 Assay Results: 1.23 m at 2.33 g/t Au and 158 g/t Ag and 3.75 m at 6.06 g/t Au and 103 g/t Ag (true width). To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 8: Winter Vein Long Section Looking Northwest with Significant Intercepts. Green Boundary Represents the Previously Disclosed Inferred Mineral Resource. To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 9: Navidad Vein Long Section Looking Northwest with Significant Intercepts. Green Boundary Represents the Previously Disclosed Inferred Mineral Resource. To view an enhanced version of this graphic, please visit: Table 4: Drilling Summary of Significant Gold and Silver Drill Hole Intercepts at Santo Niño and Navidad Discoveries [This table cannot be displayed. Please visit the source.] Notes: First Majestic's drilling programs follow established Quality Assurance, Quality Control ('QA/QC') insertion protocols with standards, blanks, and duplicates introduced into the sample-stream. After geological logging, all drill core samples are cut in half. One half of the core is submitted to the laboratory for analysis and the remaining half core is retained on-site for verification and reference purposes or for future metallurgical testing. Core samples were submitted to the SGS laboratory (ISO/IEC 17025:2017) and to the First Majestic Central laboratory (Central laboratory) (ISO 9001:2015). At SGS, gold is analyzed by 30 g or 50 g fire assay atomic absorption finish (GE-FAA30V5, GE-FAA50V5). Results above 10 g/t gold are analyzed by 30 g or 50g fire assay gravimetric finish (GO-FAG30V, GO-FAG50V). Silver is analyzed by 3-acid digest atomic absorption finish (GE-AAS33E50). Results above 100 g/t silver are analyzed by 30 g or 50 g fire assay gravimetric finish (GO-FAG37V, GO-FAG57V). At Central laboratory, gold is analyzed by 30g fire assay atomic absorption finish (AU-AA13). Results above 10 g/t are analyzed by 30 g fire assay gravimetric finish (ASAG-14). Silver is analyzed by 3-acid digestion atomic absorption finish (AAG-13). Results above 100 g/t are analyzed by 30 g fire assay gravimetric finish (ASAG-14, ASAG-13). For further information concerning QA/QC and data verification matters, key assumptions, parameters, and methods used by the Company to estimate Mineral Reserves and Mineral Resources, and for a detailed description of known legal, political, environmental, and other risks that could materially affect the Company's business and the potential development of Mineral Reserves and Mineral Resources, see the Company's most recently filed Annual Information Form available under the Company's SEDAR+ profile at and the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at QUALIFIED PERSONS Gonzalo Mercado, P. Geo., the Company's Vice President of Exploration and Technical Services and a 'Qualified Person' as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ('NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release. Mr. Mercado has verified the exploration data contained in this news release, including the sampling, analytical and test data underlying such information. ABOUT FIRST MAJESTIC First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A. First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at at some of the lowest premiums available. For further information, contact [email protected], visit our website at or call our toll-free number 1.866.529.2807. FIRST MAJESTIC SILVER CORP. 'signed' Keith Neumeyer, President & CEO Cautionary Note Regarding Forward-Looking Statements This news release contains 'forward‐looking information' and 'forward-looking statements' under applicable Canadian and U.S. securities laws (collectively, 'forward‐looking statements'). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the full extent of the Santo Niño vein; follow-up drilling planned for 2025; statements relating to potential for grade increase of deposits; potential of drilling programs; and extension of mine life. Assumptions may prove to be incorrect and actual results and future events may differ materially from those anticipated. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as 'seek', 'anticipate', 'plan', 'continue', 'estimate', 'expect', 'may', 'will', 'project', 'predict', 'forecast', 'potential', 'target', 'intend', 'could', 'might', 'should', 'believe' and similar expressions) are not statements of historical fact and may be 'forward‐looking statements'. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: material adverse changes; general economic conditions including inflation risks; labour relations; relations with local communities; changes in national or local governments; exchange rate fluctuations; environmental risks; requirements for additional capital; outcomes of pending litigation; unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations as well as those factors discussed in the section entitled 'Description of Business - Risk Factors' in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. Cautionary Note to United States Investors The Company is a 'foreign private issuer' as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards. Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects. APPENDIX - DRILL HOLE DETAILS Table A15: Drill Hole Collar Location, Sample Type, Azimuth, Dip and Total Depth Notes: To view the source version of this press release, please visit
Yahoo
05-02-2025
- Business
- Yahoo
Orogen Royalties Announces the Expansion of the Navidad Gold-Silver Target at Ermitaño
VANCOUVER, BC / / February 5, 2025 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce the expansion of the Navidad gold-silver target ("Navidad"), located within the Ermitaño Mine concessions in Sonora, Mexico where the Company holds a cash-flowing 2% net smelter return ("NSR") royalty. Highlights During the second half of 2024, drilling by mine operator First Majestic Silver Corp. ("First Majestic"), has significantly expanded the zones of gold and silver mineralization at the Navidad and Winter veins ("Navidad")1 The Navidad and Winter veins are located 100 metres southwest and 350 metres below the Ermitaño Mine complex Gold and silver mineralization identified to date at Navidad extends over 1,000 metres along strike and 300 metres down dip, with a true thickness averaging between 2.8 metres and 4.4 metres Highlight drill holes for the second half of 2024 (reported as true-width intercepts) include1: EW-24-372-A grading 13.06 grams per tonne ("g/t") gold and 205 g/t silver over 3.24 metres (Navidad vein) EW-24-372-A grading 8.60 g/t gold and 77 g/t silver over 4.83 metres (Winter vein) EW-24-373 grading 5.64 g/t gold and 104 g/t silver over 6.06 metres (Winter vein) EW-24-377 grading 7.09 g/t gold Au and 125 g/t Ag over 3.30 metres (Winter vein) EW-24-379 grading 7.09 g/t gold and 38 g/t silver over 2.32 metres (Navidad vein) EW-24-382 grading 13.93 g/t gold and 99 g/t silver over 2.66 metres (Winter vein) First Majestic is planning to complete an initial inferred mineral resource estimate for Navidad in late March 2025 Metallurgical testing of mineralization from the Navidad and Winter veins, under current processing parameters at the Santa Elena processing and mill facilities, returned gold and silver recoveries exceeding 90% and 85%, respectively Five drill rigs are currently assigned to the Navidad vein system Paddy Nicol, Orogen's CEO, commented, "Since the discovery of Navidad in July 2024, multiple drill rigs have been busy exploring the vein system and it is exciting to see continued success. Not only did drilling in the second half of 2024 expand Navidad, the zone of high-grade gold and silver mineralisation is also substantially closer to the underground workings at the Ermitaño mine complex. Navidad's proximity to Ermitaño will allow for easier access for future exploration and for possible production. We look forward to First Majestic's initial inferred resource at Navidad in the next few months." About the Ermitaño and Navidad VeinsThe 167 square-kilometre Ermitaño mining concession, where Orogen holds a 2% NSR royalty, is located in Sonora, Mexico approximately 150 kilometres northeast of Hermosillo. Ermitaño is contiguous with the Santa Elena mining claims both owned and operated by First Majestic. (Figure 1). The Ermitaño vein was discovered in 2016 and developed into a producing underground mine at the end of 2021. Current reserves and resources are as follow: Ermitaño Reserves and Resources at Dec 31, 20232 Reserve Tonnage (k) Ag (g/t) Au (g/t) Ag Koz Au Koz Proven (UG- Erm) 590 78 3.87 1,473 73 Probable (UG-Erm) 2,086 65 2.87 4,367 193 Total Reserves 2,676 67.87 3.09 5,840 266 Resource (inclusive of reserve) Measured 612 81 4.38 1,600 86 Indicated 2,306 71 3.45 5,260 256 Total M&I 2,918 73.1 3.65 6,860 342 Total Inferred 2,049 65 2.34 4,280 154 Exploration drilling by First Majestic in 2021 identified the fault-offset Luna zone to the east of the Ermitaño mine which has been integrated into the 2023 Inferred resource. Luna remains open to the east3. The Navidad vein hosted gold-silver mineral system is a new discovery to the west of the Ermitaño mine announced in July 20244. The discovery is based on a refined understanding of regional stratigraphy and the key controls on Ermitaño style mineral deposits. The new discovery is entirely within Orogen's royalty AOI (Figure 1). The February 2025 update1 is based on 20,809 metres of new drilling in 17-holes at the Navidad target that has expanded the footprint of gold and silver mineralization and defined two epithermal quartz veins: the Navidad and Winter Veins. The Navidad system is now defined to 100 metres southwest and 350 metres below the Ermitaño underground mine levels (Figure 2), significantly closer than First Majestic had previously stated4. The Navidad and Winter veins consist of grey to pink banded quartz and surrounding stockworks containing visible silver sulphides and native gold. The Winter vein occurs approximately 180 metres structurally above and sub-parallel to the underlying Navidad vein. Mineralization intersected within the Winter vein currently extends 600 metres by 350 metres along strike and dip, and the mineralization ranges from 0.65 metres to 6.6 metres in thickness. Mineralization intersected to date within the Navidad vein extends 1,000 metres by 300 metres along strike and dip and the mineralisation ranges from 0.5 metres to 5.0 metres in thickness1. Mineralisation in both veins remains open in multiple directions with five drill rigs currently active at Navidad. An initial inferred mineral resource for the Navidad and Winter veins is anticipated to be released by First Majestic in late March 20251. Qualified Person StatementAll technical data, as disclosed in this press release, has been verified by Laurence Pryer, Ph.D., Vice President of Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101. Certain technical disclosure in this release is a summary of previously released information and the Company is relying on the interpretation provided by the relevant company. Additional information can be found on the links in the footnotes or on SEDAR+ ( About Orogen Royalties Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon Project (1.0% NSR royalty) in Nevada, U.S.A, being advanced by AngloGold Ashanti NA. The Company is well financed with several projects actively being developed by joint venture partners. On Behalf of the Board OROGEN ROYALTIES INC. Paddy NicolPresident & CEO To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at Orogen Royalties Inc.1015 - 789 West Pender StreetVancouver, BCCanada V6C 1H2info@ Forward Looking InformationThis news release includes certain statements that may be deemed "forward-looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. SOURCE: Orogen Royalties Inc View the original press release on ACCESS Newswire Sign in to access your portfolio
