# Orogen Royalties Announces Expanded Silicon Project Royalty Resource Update and Webcast

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and--18955f2d-aff6-4c9e-95de-a895ba39d3a7

Original source: https://money.tmx.com/en/quote/EVM/news/4626015092342539/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and-

Publisher: tmx

Original announcement: 2024-02-26T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Orogen Royalties Inc.

- Ticker: OGN

- Exchange: TSX

- Region: Nevada, USA

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Resource update, Drill results

- Extracted: 2026-08-23 11:07:53 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Orogen Royalties announced an expanded resource for the Silicon project in Nevada, driven by a new 9.05 million ounce gold Inferred resource at the Merlin deposit. The Merlin deposit is characterized by high-grade intercepts and oxide-ore domains, with a Prefeasibility Study currently in progress.

Reasoning: The announcement of a new 9.05 Moz gold Inferred resource at the Merlin deposit significantly expands the project's total exposure to ~13.27 Moz Au.

- Positive factor: Significant tonnage and grade increase for the project

- Positive factor: New Merlin deposit discovery adds 9.05 Moz Au

- Positive factor: Large-scale open pit potential

- Positive factor: Oxide-ore domains suggest lower production costs

- Negative factor: Resource is entirely Inferred category

Facts used in scoring: 4

## Classification and evidence

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The Merlin deposit resource is stated as 100% Inferred.

Evidence · text

> initial Inferred Resource of 9.05 million ounces gold

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release mentions a Qualified Person \(Laurence Pryer\) reviewing the technical data.

Evidence · text

> has been reviewed by Laurence Pryer, Ph.D., P.Geo., VP. Exploration for Orogen.

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Resource Estimates (4)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and--18955f2d-aff6-4c9e-95de-a895ba39d3a7#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: OGN

#### Resource Data

- Category: inferred
- Tonnes: 283900000
- Grade: 0.99
- Grade Unit: g/t
- Contained Metal: 9050000
- Contained Unit: oz
- Cutoff Grade: 0.137

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: 9.05 Moz gold Inferred resource at the new Merlin deposit.

- Positive factor: Significant discovery

- Negative factor: Inferred category only

Evidence · text

> initial Inferred Resource of 9.05 million ounces gold at the Merlin deposit

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and--18955f2d-aff6-4c9e-95de-a895ba39d3a7#fact-resource-facts-1)

gold

#### Identity

- Commodity: gold
- Ticker: OGN

#### Resource Data

- Grade: 7.3
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: 7.30 g/t gold over 103.6m is an exceptional intercept.

- Positive factor: Bonanza grade

Evidence · text

> MER 23-0112-RD 103.6 metres at 7.30 g/t gold

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and--18955f2d-aff6-4c9e-95de-a895ba39d3a7#fact-resource-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: OGN

#### Resource Data

- Grade: 3.36
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Very wide high-grade intercept.

- Positive factor: Significant width and grade

Evidence · text

> MER 23-00460RD 236.3 metres at 3.36 g/t gold

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and--18955f2d-aff6-4c9e-95de-a895ba39d3a7#fact-resource-facts-3)

gold

#### Identity

- Commodity: gold
- Ticker: OGN

#### Resource Data

- Grade: 4.07
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-02-26T00:00:00.000Z

Reasoning: Wide high-grade intercept.

- Positive factor: Significant width and grade

Evidence · text

> MER-23-0119-RD 158.8 metres at 4.07 g/t gold

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.